PANews reported on August 26 that Adam, a macro researcher at Greeks.live, posted on the X platform that 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 the possibility of a 50Bp cut.

The clear promise of interest rate cuts has brought great confidence to the market, and major cryptocurrencies have rebounded, but the subsequent trend is still very uncertain. This week, there are many important economic data, and many important figures have spoken, and the core is still around the Fed's September interest rate cut. In addition, Russia's cryptocurrency bill is also worth paying attention to, and encryption is beginning to move to the big stage.

The crypto market has rebounded due to the expectation of interest rate cuts, confidence has been restored, and the IV of major maturities has continued to fall. As we mentioned last week, regardless of the results of the central bank's annual meeting, the medium- and short-term IV will drop a level. At present, IV is slightly below the average level, and there is still downward pressure this week. ETH has continued to be sluggish after the Cancun upgrade. Now Gas is below 0.8Gwei. The huge reduction in ETH consumption has caused the deflationary flywheel to fail. At present, there is no chance of ETH exchange rate rebounding. The bearish ratio spread has a good cost-effectiveness. In terms of the crypto interest rate market, the Bitfinex interest rate market is relatively calm. If you encounter a suitable interest rate order, you can actively trade it, especially when there is a market, it is worth paying special attention.