Odaily Planet Daily News Greeks.live Macro Researcher Adam published this week's major events (8/26-9/1) at X: Powell's speech at the Jackson Hole Global Central Bank Annual Meeting made it clear that the Federal Reserve will cut interest rates in September. The current consensus is a 25Bp cut. If the economic data this month is under great pressure, there is also a possibility of a 50Bp cut. The clear promise of a rate cut has brought great confidence to the market, and major cryptocurrencies have rebounded, but the subsequent trend is still very uncertain. There are many important economic data this week, and many important figures have also spoken, and the core is still around the Federal Reserve's September rate cut. In addition, Russia's cryptocurrency bill is also worth paying attention to, and encryption is beginning to move to the big stage. This week's major events: Tuesday, August 27, 2024, FOMC voting member and San Francisco Fed President Daly delivered a speech Wednesday, August 28, Federal Reserve Board member Waller delivered a speech Thursday, August 29, the number of initial jobless claims in the United States that week 2024 FOMC voting member and Atlanta Fed President Bostic delivered a speech on the economic outlook Friday, August 30, the annual rate of the U.S. core PCE price index in July The final value of the University of Michigan Consumer Confidence Index in August 2024 FOMC voting member and Atlanta Fed President Bostic delivered a speech on monetary policy and economic prospects Russia will begin to implement the digital currency cross-border payment law and the crypto mining legalization bill Crypto market outlook: The market has rebounded due to the expectation of interest rate cuts, confidence has recovered, and the IV of major maturities has continued to fall. As we mentioned last week, regardless of the outcome of the central bank's annual meeting, the medium- and short-term IV will drop another level. The IV is currently slightly below average, and there is still downward pressure this week. ETH has continued to be sluggish after the Cancun upgrade. Now the Gas price is less than 0.8Gwei. The huge reduction in ETH consumption has caused the deflationary flywheel to fail. Currently, there is no chance of any rebound in the ETH exchange rate, and the bearish ratio spread is very cost-effective.