● Several listed companies hold a large amount of BTC, MicroStrategy holds 226,500
According to PANews, HODL15Capital compiled a list of listed companies that actively purchased BTC on their balance sheets and held it for a long time. Among them, MicroStrategy holds 226,500 coins; Marathon Digital holds 25,000 coins; Block (Square) holds 8,038 coins; Boyaa holds 1,100 coins; and Fold holds 1,000 coins.
According to BlockBeats, the market will usher in several important events next week, and Federal Reserve officials will deliver speeches intensively.
At 21:15 on Monday, Fed Governor Waller delivered an opening speech at the summer seminar. At 1:35 on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bostic delivered a speech. At 2:00 on Thursday, the Fed released the minutes of the monetary policy meeting. On Thursday, the Jackson Hole Global Central Bank Annual Meeting will be held. At 22:00 on Friday, Fed Chairman Powell delivered a speech on the economic outlook at the annual meeting. In addition, the US August S&P Global PMI data will be released on Thursday night. If the data is weak, market concerns about the US recession may intensify and lead traders to bet on the Fed to cut interest rates this year.
According to Golden Finance, in the next week, investors will turn their attention to the Jackson Hole Central Bank Annual Meeting. Fed Chairman Powell's speech at the Jackson Hole Central Bank Annual Meeting will be analyzed word by word by investors. The market currently expects the probability of the Fed cutting interest rates by 50 basis points at the September meeting to be about 25%, and the December rate cut has been almost fully digested. Bank of America believes that market pricing has led to a high threshold for the Fed to be dovish, but Powell may make hawkish remarks.
● Goldman Sachs predicts the Fed will cut interest rates in the next three meetings
Ahead of next week's Jackson Hole Global Central Bank Annual Meeting, Goldman Sachs predicts that the Fed will cut interest rates by 25 basis points in the next three meetings in September, November and December. Then there will be one rate cut every quarter next year and another rate cut in 2026. Ultimately, the Fed's policy rate, the federal funds rate, should be about 200 basis points lower than the level of 5.375% in the past 13 months. Goldman Sachs' US economists still do not expect a recession in the near future.
● Wall Street market volatility intensifies, S&P 500 achieves best weekly gain of the year with 3.9%
According to Bloomberg, the recent market turmoil may become an extreme example of the frequent shocks in modern finance. The S&P 500 index recovered after the volatility, recording its best weekly gain of the year at 3.9%, ending a four-week losing streak. The world's largest Treasury ETF rose by about 1%, investment-grade and junk bonds also achieved similar gains, and gold climbed to $2,500 for the first time. The VIX index fell from above 65 to below 15.
All 11 major stock sectors rebounded this week as recent data prompted traders to reassess their expectations for the Fed's rate hikes. Investors, fearing they would miss out on the rebound in risk assets, unwound their hedge positions. Market sentiment could return to an euphoric level, increasing the risk of another market turmoil.
● Dubai approves Bitcoin and other cryptocurrencies for salary payments
According to Odaily Planet Daily, Watcher Guru published an article stating that Dubai has officially approved cryptocurrencies such as Bitcoin to be used for salary payments.
According to Odaily Planet Daily, lawyer Scott Johnsson posted on X that the U.S. Marshals Service (USMS) is almost certainly selling BTC seized in the dark web Silk Road law enforcement operation. USMS has been sending BTC to the escrow address required by the terms of the service agreement signed with Coinbase. Given that the agreement requires USMS assets to remain completely isolated, whenever they are eventually transferred to Coinbase Prime (or other mixed exchange addresses), it can be determined that USMS has sold or is about to sell.
