● Preview of important economic data and events this week: Focus on US core PCE in July
According to Wu, Powell sent the strongest signal of interest rate cuts so far at the Jackson Hole Economic Symposium last week, saying that the Fed intends to take action to prevent further weakness in the U.S. labor market. This week, we will focus on the U.S. core PCE in July, initial jobless claims, and the revised annualized quarterly rate of real GDP in the second quarter.
According to PANews, next week, FOMC voting members will make speeches and release the number of initial jobless claims. The main events of concern include: Tuesday, the US Conference Board Consumer Confidence Index for August. Wednesday, Australia's July weighted CPI annual rate. On Thursday, 2024 FOMC voting member and Atlanta Fed President Bospunk spoke on the economic outlook, and the number of initial jobless claims in the United States for the week ending August 24. On Friday, 2024 FOMC voting member and Atlanta Fed President Bospunk spoke on monetary policy and economic prospects, and the US July core PCE price index annual and monthly rates, and personal spending monthly rates.
According to PANews, Token Unlocks data shows that next week, tokens such as SUI, OP, ZETA, and DYDX are expected to be unlocked in large amounts. Among them: Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 a.m. on September 1, Eastern Time Zone 8, accounting for 2.47% of the current circulation and worth approximately US$65 million.
● TON’s logo on some platforms has been updated to Resistance Dog
According to PANews, TON has changed the profile avatar logo of CoinGecko and its X platform to Resistance Dog. The logo of TON token on some Binance pages has also been updated to Resistance Dog.
According to the TON Foundation, the hoodie-wearing dog (also known as the Resistance Dog) was originally hand-drawn and named by Telegram and TON founder Pavel Durov in 2018, and is a symbolic representation of the fight against censorship and freedom through digital resistance.
● DWF Labs founder purchases $500,000 of TON to support decentralized technology
According to BlockBeats, on August 25, DWF Labs founder Andrei Grachev posted on social media that he had purchased approximately $500,000 worth of TON on the open market and would keep it on the chain until the end of #FREEDUROV.
He stressed that this is not financial advice, but simply to support uncensored and decentralized technology, and said that unity is strength.
● Wyoming plans to launch USD stablecoin in 2025
According to Wu, the U.S. state of Wyoming is promoting crypto payments and plans to launch the state's dollar stablecoin, called Wyoming Stablecoin, in the first quarter of 2025 to provide individuals and businesses with faster and cheaper transactions. Since 2018, Wyoming has passed more than 30 crypto-friendly legislation to create new sources of revenue for the state.