ChainCatcher news, many investors and some economists are concerned that the Federal Reserve has waited too long, putting the labor market and economic growth on thin ice, and injecting volatility into the financial markets. The latter was evident in last Friday's U.S. Treasury market, when traders suddenly resumed bets on a 50 basis point rate cut. The presidential election in November has also put the Federal Reserve's decision-making in an uncomfortable position. Republican candidate and former President Trump warned that the Federal Reserve should not cut rates before the election, while Democratic Senator Elizabeth Warren pressured officials to lower rates by 75 basis points.

ChainCatcher news, Dudley, who served as president of the New York Federal Reserve Bank from 2009 to 2018, stated that if the risks between rising inflation and a weak labor market truly reach a balance, as Federal Reserve officials have said, then the Fed should hope for interest rates to be closer to neutral levels. Given that all Federal Reserve officials believe that rates below 4% make it meaningless to start cutting rates by 25 basis points, logically, the Fed should move faster. Additionally, last week's employment report was not particularly reassuring, as the unemployment rate has risen by 0.5 percentage points since the beginning of the year. (Jin Shi)

ChainCatcher message, Goldman Sachs economists analyzed the potential economic impact of a Republican or Democratic victory in the November elections, warning that if Trump wins, the U.S. GDP will face a hit.Goldman Sachs stated that if Harris wins, no further tariff increases are expected. The bank's economists wrote that Trump might raise tariffs on China, the EU, and Mexico, which would lead to a surge in inflation, with a peak impact on the price index favored by the Fed of 30 to 40 basis points. The additional 10% universal tariff proposed by the Republican candidate would have a greater impact, although it would take longer to materialize.

ChainCatcher news, according to Walter Bloomberg, Citigroup analysts stated in a report to clients on Tuesday that they expect the upcoming U.S. Non-Farm Payrolls (NFP) to increase by 125,000 new jobs, with an unemployment rate of 4.3%.Citigroup stated, "The shift from inflation to employment has been completed," indicating that the focus of Federal Reserve policy will shift from inflation indicators to employment data. Citigroup's forecast suggests that an increase of 125,000 jobs, combined with an unemployment rate of 4.3%, would be sufficient to prompt the Federal Reserve to cut interest rates by 50 basis points.The report noted that if the unemployment rate slightly decreases to 4.2%, the Federal Reserve may choose to cut rates by 25 basis points, although this would not change Citigroup's expectations of continued slack in the labor market and an economic slowdown. The volatility in the labor market has become as pronounced as inflation data in recent years.

ChainCatcher news, according to Jinshi reports, Goldman Sachs fixed income and liquidity solutions macro strategist Gurpreet Garewal stated in a report that the Federal Reserve is expected to cut interest rates by 25 basis points in September, November, and December consecutively.However, she mentioned that if the August employment report released next week shows more signs of weakness in the labor market, it may prompt the Federal Reserve to begin larger rate cuts of 50 basis points.

ChainCatcher message, Goldman Sachs economist David Mericle said in a recent report: "We expect Powell to express more confidence in the inflation outlook and to emphasize the downside risks to the labor market more than he did in the press conference after the July FOMC meeting."Goldman's expectations for the Federal Reserve's interest rate outlook are broadly in line with the market: it expects the Fed to cut rates at each of the next three meetings, followed by a more aggressive easing, ultimately reducing the federal funds rate by about 200 basis points. The bank believes Powell will very vaguely preview this policy path at the Jackson Hole meeting. (Jin Shi)

ChainCatcher message, analysts indicate that the FOMC's July meeting minutes are overly dovish, clearly stating that the Federal Reserve will cut interest rates in September, which is also the most information Powell could reveal during his speech at Jackson Hole on Friday.This will lead traders to be (overly) optimistic, believing that there will be four rate cuts before the end of the year, while the Federal Reserve may only cut rates two to three times. We can see that the swap market is pricing in about 95 basis points of rate cuts by the Federal Reserve before December, suggesting that the Fed will cut rates at each of its remaining three meetings this year, with one of those cuts being substantial. However, if you pay attention to the discussions among Federal Reserve officials, you will find that this is an extremely optimistic view. The Federal Reserve is more likely to skip the November meeting to achieve consensus on rate cuts, so the total cuts this year may ultimately only amount to 50 basis points. (Jin Ten)

ChainCatcher news, according to Jinshi, U.S. stocks closed lower on Monday, with the Dow initially down 2.6% or 1,030 points, the S&P 500 down 2.99%, and the Nasdaq down 3.43%. Nvidia (NVDA.O) fell 6%, and Apple (AAPL.O) dropped nearly 5%. Chinese concept stocks were relatively resilient, with the Nasdaq Golden Dragon China Index closing up 0.25%.

ChainCatcher news, the money market has increased its bets on the Federal Reserve easing monetary policy, with the intensity far exceeding the expectations of policymakers. Soon after, the market also ramped up bets that the European Central Bank would follow the Fed in cutting interest rates.Traders currently believe there is a 60% chance the European Central Bank will cut rates by 50 basis points in September, having fully absorbed the expectation that the Fed will cut rates by 50 basis points in September. Meanwhile, the likelihood of the Bank of England cutting rates by 25 basis points is rising.These bets may continue as the market generally flees risk assets, increasing safe-haven buying of bonds.

ChainCatcher news, Bitlayer has announced the launch of a limited-time betting event for the 2024 Paris Olympics in the user center. Users can participate in multi-round event outcome betting using Bitlayer points or gems, and winners will share the points or gem rewards from the corresponding event prize pool. The specific time for this event is from August 2 to August 11 (UTC+8).The newly launched Olympic limited-time betting event is divided into two categories: points prize pool and gem prize pool. Users can spend 500 points or 200 gems to participate in a single bet, with a maximum of 10 participations per event, and there is a unique winning option. Winners will share the corresponding points or gem rewards based on their participation ratio. Each competition will be synchronized within 12 hours after the corresponding event results are announced, and the prize pool settlement will be completed. This limited-time betting event is a preliminary exploration of the use cases for Bitlayer gems and points. In the future, the team will introduce more interactive activities and reward mechanisms to ensure users have a richer experience within the Bitlayer ecosystem.

ChainCatcher news, according to Jinshi reports, after the non-farm data was released, traders increased their bets on interest rate cuts for 2024, now expected to be 111 basis points.

ChainCatcher news, according to official sources, the first Telegram price prediction mini-program OKX Racer now supports the OKX Web3 wallet. Users can earn a reward of 5,000 points by completing connection tasks. Currently, users can participate in BTC price prediction games on OKX Racer using the OKX Web3 wallet, and completing more specified tasks can earn multiple point rewards.It is reported that OKX Racer currently only supports connection with mnemonic wallets or TON chain private key wallets.

ChainCatcher news, according to a report by Japan Broadcasting Corporation NHK, the Bank of Japan will discuss raising interest rates by 15 basis points, rather than the 10 basis points that the market has been considering, which will raise the rate from 0.10% to 0.25%.Some committee members believe that the risks of yen depreciation pushing up prices should be closely monitored. However, there are also cautious opinions among committee members, as real wages continue to decline, and consumer trends should be observed further. They will make a final decision after analyzing the latest economic data. In addition, the Bank of Japan will decide on the specific plan to reduce government bond purchases. (Jin Shi)

ChainCatcher news, the board of Guofu Innovation Co., Ltd. announced that its wholly-owned subsidiary, Fuqiang Securities Co., Ltd., has obtained the approval from the Hong Kong Securities and Futures Commission (SFC) to provide virtual asset trading services to professional investors. Guofu Innovation stated that this move will expand the customer base, offer more diversified services, bring new revenue growth points, and promote the synergy among various business segments of the group, contributing to the achievement of long-term development goals.

ChainCatcher news, the Blast ecosystem lending protocol Pac Finance announced the distribution of the second round of Blast points. Based on the asset holdings from July 12 to July 23, users can allocate a total of over 118 million Blast points.

ChainCatcher news, Bitlayer announced the official launch of the user center page on its website, providing users with services and features such as a badge wall, task modules, and exclusive racer upgrades. Starting today, Bitlayer supports users logging into the user center page, where they can view the number of Bitlayer gem airdrops received, accumulate points from past interactions, and claim honor badges from previous Bitlayer events after linking their personal wallets.Currently, the Bitlayer user center has launched three task modules: beginner tasks, advanced tasks, and daily tasks. In the future, more tasks and activities will continue to be opened, allowing users to complete tasks and earn Bitlayer points. Additionally, users logging into the user center will receive an exclusive racer as a racer, and they can earn points and upgrade their racer by completing tasks. In the future, Bitlayer will distribute $BTR airdrops based on users' points and racer levels.

ChainCatcher news, Google Trends data shows that in the past 30 days, user interest in the term "Ethereum" has significantly increased, rising from 57 points (out of 100) on July 14 to 82 points on Monday. Similarly, the search query "bitcoin" has also risen, with scores increasing from 71 points to 76 points over the past two days.

ChainCatcher news, according to official information, RenzoProtocol's REZ is now live on Pendle, and staking native REZ can earn 0.0002 ezPoints per hour.It is reported that the functions of the Pendle LP's YT-REZ / SY-REZ parts are similar, and both can also earn 0.0002 ezPoints per hour. Through PT-REZ, users can gain more REZ from fixed income while maintaining a price exposure similar to regular spot REZ.

ChainCatcher news, the Bitcoin L2 network Mezo announced on social media that it will continue to build its BitcoinFi business through Curve Finance's crvUSD. Starting today, users can stake crvUSD to generate Mezo scores, increase BTC scores, and earn Curve community reward points.Mezo added that users can deposit crvUSD into the Mezo Portal through the official Curve login page or use the main code "CURVE" to earn:Monthly distributed Curve community reward points;Mezo HODL Score.According to the Web3 asset data platform RootData, Mezo developer Thesis has completed a $21 million Series A financing round, led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates, and others.