Is CZ really going to be "banned for life"? It seems that after leaving BN this time, he may not be able to return to the leadership position. However, this may be a good opportunity for BN to start over. Richard Teng recently revealed that CZ was banned in order to reach a settlement with the US Department of Justice and paid a fine of more than 4 billion US dollars. Although this number sounds scary, BN simply resolved all disputes with the United States in one go this time, which paved the way for the future. From an optimistic point of view, CZ's withdrawal may not be a bad thing. BN itself already has a very large user base and market share in the world. With Richard Teng taking office, the platform may pay more attention to compliance and standardized operations, which will help further expand the market. At the same time, although CZ is no longer a member of the leadership, as the soul of BN, his influence will not disappear easily. It is entirely possible that he will continue to influence the development of BN through other channels in the future. For the cryptocurrency market, BN's resolution of the dispute with the US Department of Justice marks that the platform is moving towards a more mature and compliant direction. Although paying a huge fine in the short term seems to be a loss, it creates more possibilities for the platform to continue to expand its global business in the future. In short, under the leadership of the new management, BN may usher in a new stage of development, and the market can maintain an optimistic outlook on this.

According to the latest report from Nick Timiraos, the Fed will decide whether to cut interest rates and the extent of the cut based on the August non-farm payrolls report at its September meeting. This indicates that the health of the job market will occupy a central position in the Fed's monetary policy decision-making. At present, the Fed faces a dilemma: to avoid excessive economic cooling that leads to a weak job market, and to maintain moderate economic growth in the context of controlling inflation. Non-farm payrolls data is of key significance in this context. If the August employment data performs well, meaning that the job market is still strong, the Fed may choose a more cautious rate cut, and a 25 basis point rate cut is expected to be more likely. But if the report shows a weak job market or the unemployment rate rises further, as the July data showed, the Fed may need to take more aggressive measures, and a 50 basis point rate cut will also be put on the agenda to prevent the economy from entering a deep recession.

Vitalik's latest statement indicates that he does not intend to invest in L2 or other token projects in the future, but instead focuses on donations to support public goods or charities within the Ethereum ecosystem. This statement once again confirms his long-term commitment to Ethereum and his emphasis on public goods. Since 2018, Vitalik has claimed that he has never sold Ethereum for personal profit, which further strengthens his credibility and moral responsibility to the ecosystem. From the perspective of the Ethereum ecosystem, Vitalik's position represents the attitude of core developers towards L2 and other token projects-even if these projects play a vital role in Ethereum's scalability and performance improvements, they should not be regarded as short-term profit tools, but should focus on long-term technological progress and public interests. This view is in stark contrast to some of the current market sentiments around quick arbitrage and speculation. Vitalik also specifically mentioned that his funds will continue to support undervalued projects, which means that he will give priority to projects that have potential contributions to the Ethereum ecosystem although they are not highly concerned by the market. This strategy can help innovators within the ecosystem gain long-term support, not limited to short-term market heat.

The application for Ethereum ETF (code: IETH) submitted by Monochrome is another important move to further expand the Australian market after the Bitcoin ETF (IBTC) launched in June this year. From a strategic point of view, this dual access fund model allows players to apply and redeem in cash and in kind, providing them with a more flexible way of operation and lowering the trading threshold. At the same time, Monochrome's move also shows that Ethereum, as the world's second largest cryptocurrency, has occupied an increasingly important position among institutional players. At present, market sentiment is relatively cautious about cryptocurrency ETFs, especially in the context of a tightening global regulatory environment. However, as a country that has promoted cryptocurrency ETFs earlier, Australia's regulatory framework is relatively transparent and mature, which provides a certain degree of confidence in the launch of IETH. From the perspective of the time node, if IETH is successfully approved at the end of September, it will inevitably attract the attention of more traditional players after listing. In particular, Monochrome's Bitcoin ETF has received a certain market response, and it is expected that IETH will further promote the mainstreaming of crypto assets in the Australian market.

The U.S. spot Ethereum ETF saw a net outflow of 82 coins yesterday, worth $200,000.

The U.S. spot Bitcoin ETF saw a net outflow of 3,643 coins yesterday, worth $211 million.

BTC: Yesterday, a medium-yin line was closed, indicating that there is strong selling pressure in the market. The MACD indicator shows that the indicator continues to move downward, and the red column further expands, indicating that the short trend is obvious. In summary: the daily level is undergoing a second bottoming out, and the pin is closed quickly to see the bottom, so be patient. Although there is great pressure in the short term, the oversold market sentiment indicates that once there is good news or large funds enter the market, the market may rebound at any time. Pressure reference: around 58,400; around 64,000;

ETH: Linked to Bitcoin trend. Pressure reference: around 2868; around 3102;

Today's panic index: 22 (extreme fear) #美联储何时降息？ #非农就业数据即将公布 #BTC走势分析