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Nick Timiraos, the "Fed Whisperer," stated that Fed Chair Waller has quelled some concerns about his strategy to combat inflation, but has also laid the groundwork for a larger test that may come in three weeks. If the Fed raises interest rates, it could anger the White House just weeks before the midterm elections. If they hold steady, it may reignite the doubts that Waller's remarks have calmed.Two points from Waller's speech on Friday particularly suggest that the Fed may raise rates next month. The first point is that Waller finds it difficult to describe the current financial conditions as restrictive. The second point is that the relatively positive inflation data over the summer has not convinced him that the underlying trend is improving. The Fed's default choice before Friday was to hold steady unless the data was strong enough to warrant action.Former Fed Vice Chair Cohen stated that Waller's remarks have reversed this logic. "He has changed the original assumption; it is now that they will raise rates unless the data shows it is unnecessary." This means that the final decision will depend on changes in the situation before the September meeting, especially the August CPI released on September 11. Cohen stated that if the data indicates that action is unnecessary, the Fed should not raise rates; if the data is strong, it could weaken the argument that inflation is moving back toward the Fed's 2% target.

In response to the recent warning from Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), regarding the risks that stablecoins may pose to financial stability, Tether CEO Paolo Ardonio took to the X platform to criticize the BIS.He stated that there is a fundamental difference in the underlying risk structure between stablecoins and tokenized bank deposits. Stablecoins are essentially tools that are 100% backed by high-liquidity assets (such as U.S. Treasury bonds); in contrast, tokenized bank deposits still belong to the deposit system of banks, which typically use a fractional reserve model, with only a portion backed by high-liquidity assets.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $7.205 billion, with long positions at $3.419 billion, accounting for 47.46% of the holdings, and short positions at $3.786 billion, accounting for 52.54%. The profit and loss for long positions is $382 million, while for short positions it is -$413 million.Among them, the whale address 0x92ea..e9 has taken a 3x leveraged long position on BTC at a price of $77,089.9, currently showing an unrealized profit and loss of $2.0851 million.

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.

According to Jinshi reports, the main theme of this week's market is dominated by changes in expectations regarding Federal Reserve policy. After Federal Reserve Chairman Waller's speech on Friday, the dollar quickly surged, closing at 99.69, up 0.85% for the week. Against the backdrop of rising U.S. Treasury yields and a stronger dollar, gold faced overall pressure, falling 3.24% for the week; spot silver dropped 3.82% this week.Here are the key points the market will focus on in the new week (all in Beijing time): Monday is pending, the G20 finance ministers and central bank governors meeting will be held until September 1; Tuesday at 17:00, Eurozone August CPI data; Eurozone July unemployment rate; Tuesday at 22:00, U.S. August ISM Manufacturing PMI, U.S. July JOLTs job openings, U.S. July construction spending month-on-month; Tuesday is pending, the 2026 SCO member states heads of state council meeting will be held; Wednesday at 20:15, U.S. August ADP employment change; Wednesday at 22:00, U.S. July factory orders month-on-month; Thursday at 02:00, the Federal Reserve will release the Beige Book on economic conditions; Thursday at 16:00, Eurozone August Services PMI final value; Thursday at 17:00, Eurozone July PPI month-on-month; Thursday at 20:30, U.S. initial jobless claims for the week ending August 29, Federal Reserve Governor Waller will be interviewed; Friday at 03:00, 2026 FOMC voting member Harker will deliver an opening speech at the "Federal Reserve Community" event; Friday at 20:30, U.S. August unemployment rate, U.S. August seasonally adjusted non-farm payrolls, U.S. August average hourly earnings year-on-year and month-on-month.The highlight of next week's data will be the U.S. August employment report on Friday. This report is the last employment data before the September 16 interest rate meeting and is a key window to assess the policy path after Waller's hawkish stance. Previously, Nvidia's strong performance and an expected revenue growth of about 70% for the next fiscal year have reignited enthusiasm for AI trading. Dell (DELL.O) will release its second-quarter earnings report after the market closes on Tuesday (September 1), with the market expecting an adjusted earnings per share of $4.91, more than doubling from the same period last year. Broadcom (AVGO.O) will release its third-quarter earnings report for fiscal year 2026 after the market closes on Wednesday (September 2).

According to monitoring by Lookonchain, Unipcs previously spent 67,304 USDG to buy 10.96 million PONS and has not sold any tokens yet. Based on the current price, the value of its holdings is approximately 2.55 million dollars, with an unrealized profit of about 2.48 million dollars, resulting in a return rate of 37 times.

According to on-chain analyst Ai Yi's monitoring, a certain whale opened a 10x long position of 403.44 BTC around 3 AM today on Hyperliquid, worth 31.49 million USD; at the same time, a 12x long position of 4781 ETH was opened, worth 11.75 million USD, currently with an unrealized loss of 362,000 USD.This transaction marks the whale's first contract trade on Hyperliquid.

According to Lookonchain monitoring, a certain whale bought 76,900 SOL from Hyperliquid after being silent for 8 months, worth 8 million dollars.

realtrumpcoins issued a statement claiming that the news regarding the launch, promotion, or authorization of Trump Coins to issue digital tokens is "completely false," and the related information is a malicious act by a third party.The statement emphasized that Trump Coins has never authorized any digital tokens and will not launch, promote, or authorize any digital tokens in the future. Currently, it is cooperating with relevant law enforcement agencies to investigate this matter and seek accountability from those involved.Earlier reports indicated that the meme coin GOLD was created on Solana yesterday at 7:38, with the related address controlling over 82% of the tokens through token distribution and purchases after the launch. Around 9 o'clock, the merchandise collaboration account @realtrumpcoins1 tweeted containing the GOLD contract address, causing the token's market value to briefly surge to $66 million.Around 11:48, the tweet was deleted, and the related address immediately began to sell off its holdings. The market value of GOLD plummeted from $55 million to $1 million in about 30 seconds, after which the scam operators continued to sell off their tokens, ultimately selling all their holdings and accumulating a profit of approximately 9784.6 SOL (about $1.01 million).

According to GMGN data, the Robinhood ecosystem token CLAN surged rapidly this morning, briefly surpassing a market capitalization of 5.5 million dollars, setting a new historical high, and has now retreated to around 5 million dollars, with an intraday increase of over 83%.It is understood that the CLAN-related project clan.tech launched on Robinhood Chain today and is built on fomo. The platform focuses on trading "Clan Keys," allowing holders to enter corresponding private chat rooms to communicate with other traders. The price of this token is highly volatile and easily influenced by market sentiment and hot events, so please be aware of trading risks.

According to Crowdfund Insider, the Ethena Foundation has announced a series of adjustments to reduce the selling pressure caused by early investors unlocking their tokens. The foundation has repurchased some of the remaining locked ENA from large seed round investors through over-the-counter transactions and has agreed with major investors to end the remaining vesting arrangements early.Starting from October 5, there will be no investor tokens under lock-up, while team tokens will maintain the original lock-up and vesting terms.

According to News.bitcoin, the Independent Community Bankers of America (ICBA), which has about 5,000 community banks, opposes the CLARITY Act, emphasizing that there is no room for compromise on the issue of stablecoin rewards. ICBA President and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, and there is no compromise solution. ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them back into local communities. She also criticized the report titled "Impact of the Stablecoin Reward Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it fails to gain the support of at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

Polygon disclosed multiple previously undisclosed security vulnerabilities that were recently fixed through two hard forks, which could affect its proof-of-stake network. The vulnerabilities involve Polygon's Bor and Heimdall clients, including denial of service risks, validator resource exhaustion, and defects affecting checkpoint and milestone processing.Polygon stated that these vulnerabilities were fixed through the Austin and Kyoto hard forks, and the fixes were privately tested before being deployed to the mainnet and publicly disclosed. The most serious issue involved Heimdall, where a carefully crafted transaction could force validators to perform excessive processing work, thereby disrupting the network. The Austin hard fork also fixed two denial of service risks in Bor that could slow down block processing or cause node crashes.Polygon indicated that these vulnerabilities were not exploited on the mainnet, and the fixes were proactively deployed before the details were made public. Nodes running outdated client versions have fallen out of consensus after the hard fork activation height and must upgrade to rejoin the standard network. All Polygon PoS nodes are required to upgrade to Bor v2.1.0, and validators and full nodes must upgrade to Heimdall v0.11.0, both upgrades are now effective on the mainnet.

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

Renowned trader Killa stated tonight that data from several bull and bear cycles of Bitcoin indicates that the depth of the bear market is gradually becoming shallower, and the bottom of this cycle may have already formed. The expectation of some latecomers for Bitcoin to "drop to $50,000 in October" is almost impossible.However, Killa also pointed out that if Bitcoin were to drop to $61,000, the expected value of long position liquidations could reach $20 billion. Market makers have the motivation and possibility to liquidate long positions and re-establish them. Killa, as a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

BitGo announced the completion of its acquisition of NYDIG's institutional trading business, which was completed in a two-step merger, with a total consideration of approximately $42.5 million, including $7 million in cash and about $35.5 million in BitGo stock. About 30 NYDIG employees will transition with the business, and the deal also includes Earnout terms linked to revenue milestones.The business provides derivatives, structured products, financing, and capital market solutions for asset management firms, hedge funds, corporations, and family offices. BitGo CEO Mike Belshe stated that institutional clients are increasingly looking to partner with trusted partners that can support the entire lifecycle of digital assets, covering custody, trading, financing, and settlement.For NYDIG, the sale allows it to focus on power generation, Bitcoin mining, and high-performance computing data center businesses, with the company stating that its development pipeline exceeds 3 gigawatts. BitGo went public on the NYSE this year, with a valuation of approximately $2 billion, and launched the USDS stablecoin.

GoPlus Security issued a security alert stating that a fraud gang has hijacked the realtrumpcoins[.]com website and the @realtrumpcoins1 account, maliciously issuing GOLD tokens. The gang inflated its market value to approximately $60 million before selling off and executing a Rug Pull, profiting over $8.2 million.On-chain data shows that the developers' initial funds trace back to a KuCoin-associated hot wallet, with another 15 trading wallets funded by Binance-associated hot wallets. These wallets all conducted transactions through the same malicious routing contract.GoPlus Security also pointed out that the gang deployed another malicious meme coin, Trump Digital Platinum (PLATINUM), whose contract can empty any holder's balance at any time, warning users to avoid purchasing and to be aware of the risks.

According to CryptoSlate, Polygon Labs issued an urgent notice that Polygon PoS nodes remaining on the old versions of Bor or Heimdall have lost consensus after the activation of the Austin and Kyoto hard forks and need to upgrade to catch up with the network progress. Austin was activated at mainnet block 91,949,700, requiring Bor v2.1.0 or above; Kyoto was activated at height 51,533,000, requiring Heimdall v0.11.0 or above.Austin fixed two types of Bor resource exhaustion risks: L1 to L2 bridging state synchronization events not counted towards the gas limit could slow down block processing; the TxDependency field having no size limit could lead to peer node crashes. Kyoto addressed vulnerabilities such as deep nested message attacks, fee coin scanning, and checkpoint signature recovery. Both hard forks are pure binary upgrades, requiring no state migration, and non-forked nodes do not need to resynchronize. Operators of old clients should upgrade and restore synchronization under Polygon's guidance if necessary.

According to CoinDesk, six Bitcoin wallets that were active from 2011 to 2014 and had not moved since transferred a total of 553.59 BTC, worth about $40 million, between August 16 and 26. Five of the wallets sent Bitcoin to addresses with no known exchange associations, while one wallet transferred 40 BTC to the German crypto custody and trading service provider Boerse Stuttgart Digital. Additionally, two of these wallets are linked to a lawsuit in New York, where the pseudonymous plaintiff Noah Doe is seeking control over Bitcoin held in 39,069 dormant addresses under the state's lost property law. Data from Galaxy Research shows that the on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter, with the total movement expected to be less than half of last year's for the entire year of 2026. Galaxy Research director Alex Thorn stated that none of the many whale clients he interacts with cited quantum computing risk as a reason to sell, but some institutional investors are indeed avoiding buying Bitcoin for this reason. Following the disclosure of a vulnerability in the Coldcard hardware wallet, approximately 210,000 BTC left long-term holder wallets within a week.

Ayo Akinyele, Senior Director of Engineering at Ripple, stated that the company is developing a four-phase quantum-resistant migration plan for the XRP Ledger, aiming to complete the transition before quantum computers become a real threat. The plan includes assessing the network's exposure, testing quantum-resistant cryptographic solutions, running existing security systems in parallel with quantum-resistant alternatives, and preparing emergency response pathways for scenarios where quantum computing advances exceed expectations.Akinyele emphasized that migration is not just about replacing a cryptographic algorithm, but requires more flexible infrastructure, stronger key management, and clearer upgrade paths. The XRP Ledger has supported changing the keys that control accounts without altering the accounts themselves, a feature that is expected to reduce the difficulty of future migrations, but independent validators on the network still need to coordinate any broader rule changes.Meanwhile, Anthropic's model last month reduced the workload required to break leading post-quantum signature candidates by 67 million times, and Bitcoin and Ethereum developers also released their respective migration plans this week. Akinyele pointed out that AI and quantum computing are different technologies, but they are driving financial infrastructure to evolve in the same direction, as AI agents begin to trade and pay autonomously, raising new requirements for payment infrastructure that is always online and natively internet-based.