According to Wu, this week's macro indicators and analysis: Last week, the US inflation data CPI & PPI both entered the downward channel as expected, and the Reserve Bank of New Zealand also unexpectedly cut interest rates; this week's focus will be on the minutes of the Federal Reserve and the European Central Bank's July monetary policy meetings, the Jackson Hole Global Central Bank Annual Meeting, and Powell's corresponding speech. The market expects Powell's speech to pave the way for a rate cut in September.
● Wall Street bets that Fed Chairman Powell will confirm rate cuts at Jackson Hole annual meeting
According to Odaily Planet Daily, Wall Street is betting that Federal Reserve Chairman Powell will confirm that the Fed is about to cut interest rates at the Jackson Hole annual meeting. But as the focus shifts from "whether there will be a rate cut" to "how much the rate cut will be," stock traders may be disappointed.
Eric Beiley, executive managing director of wealth management at Steward Partners Global Advisory, said that if traders hear that a rate cut is coming, the stock market will react positively. If they don't hear the desired information, it will trigger a massive sell-off.
● Fed's Daly: Inflation is under control, considering adjusting interest rate range
According to TechFlow, Daly, a member of the Federal Reserve FOMC this year, said that recent economic data makes me "more confident" that inflation is under control. Now is the time to consider adjusting the current interest rate range of 5.25%-5.50%. Although the labor market is slowing down, it is "not weak."
According to PANews, Token Unlocks data shows that AVAX, ROSE, PIXEL, ID and other tokens are expected to be unlocked in large amounts next week. Among them, Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8:00 a.m. on August 20, Eastern Time, accounting for 2.41% of the current circulation and worth approximately US$194 million.
According to BlockBeats, Bitwise CIO Matt Hougan said that there were 1,924 institutional holders of 10 Bitcoin spot ETFs in Q2, up from 1,479 in Q1, an increase of about 30%. Most institutional investors allocated in Q1 held or purchased more positions in Q2. 44% of institutions increased their positions in Q2, 22% remained unchanged, 21% reduced their positions, and 13% liquidated and exited. Hedge funds are still the largest holders, including Millennium, Schonfeld, Boothbay, Capula, etc. It is hoped that the share of wealth management companies and pensions will increase in the future.
According to PANews, Dune data shows that the total holdings of the US Bitcoin ETF on-chain reached about 926,000 BTC, accounting for 4.69% of the current total supply. Since the launch of ETH, the net inflow has reached about 306,300 BTC, and the inflow in the past week was about 3,660 BTC.
