In the past 24 hours, BTC fluctuated around $59,000, and the intraday amplitude narrowed significantly, indicating that the staged rebound may encounter pressure. The ETH/BTC exchange rate has rebounded significantly. The community is worried that Bitgo may have centralized risks due to its control by Justin Sun; this directly caused WBTC to be weakly decoupled from BTC. AAVE directly closed the WBTC pool, and large investors directly sold WBTC on the chain for ETH, resulting in a rebound in the exchange rate.

Macroeconomically, the United States will release the U.S. PPI and CPI data for July on Tuesday and Wednesday this week, with PPI expected to grow by 0.2% per month and CPI expected to grow by 3.0% annually. According to CME data, the market currently predicts that the probability of the Federal Reserve cutting interest rates by 25 and 50 basis points in September is 49.5% and 50.5% respectively. This PPI and CPI data will greatly affect the market's prediction of the extent of future interest rate cuts, and the impact on the US dollar index and U.S. bonds is more obvious. Crypto assets may be at risk of downward adjustment before the data is released, and investors need to be alert to the risks.

#美国CPI数据即将公布 #TON #UPNEIWORK $btc