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Share link:In this post: Christodoulos Patsalides says the eurozone is dealing with geopolitical challenges. ECB member Peter Kazimir has argued against lowering rates in September unless there are clear signs in the labour market. Gabriel Makhlouf believes the ECB should adopt a “wait-and-see” stance.
Share link:In this post: Shares of Europe’s biggest banks hit their highest levels since 2008, driven by long-term interest rate increases. Net interest income surged as 30-year bond yields in Germany and the UK rose above short-term yields. Valuations have reached book value, but still lag behind U.S. banks like JPMorgan and Goldman Sachs.
Share link:In this post: Balaji Srinivasan says there are many strong AIs, not one dominant model. AI shifts costs to prompting and verifying, not full automation. Crypto limits what AI can fake, especially with onchain data.
A surprise gap in US job data sparked a steep crypto retreat, pressuring Bitcoin and Ethereum prices. With ETF flows drying up and Fed policy in flux, all eyes are now on US stock market resilience.
- 12:04Next Week’s Macro Outlook: Powell Faces Off Against Market Rate Cut Expectations as the Fed Releases FOMC MinutesAccording to ChainCatcher, citing Jinshi News, U.S. economic data over the past week has been mixed, leading to continued fluctuations in market expectations for Federal Reserve rate cuts. Data released on Friday showed broad-based growth in U.S. retail sales, driven by auto sales and major online promotional events. However, another report released later indicated an unexpected decline in consumer confidence—the first since April—and a rise in inflation expectations. Previously, the U.S. July CPI and PPI reports appeared to send different signals regarding whether the economy has withstood the impact of Trump’s comprehensive import tariffs, but both indicated stubborn service inflation, with the PPI posting its highest month-on-month increase in three years. Meanwhile, there are clear divisions within the Federal Reserve regarding a rate cut in September. At 23:00 on Wednesday, Federal Reserve Governor Waller will deliver a speech at the Wyoming Blockchain Symposium; At 2:00 on Thursday, the Federal Reserve will release the minutes of its monetary policy meeting; At 3:00 on Thursday, 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook; At 20:30 on Thursday, the U.S. initial jobless claims for the week ending August 16 and the August Philadelphia Fed Manufacturing Index will be released; At 21:45 on Thursday, the preliminary S&P Global Manufacturing and Services PMI for August will be released; At 22:00 on Friday, Federal Reserve Chair Powell will deliver a speech at the Jackson Hole Global Central Bank Annual Meeting.
- 12:03BlockSec: D3XAT Contract Suspected of Being Attacked, Estimated Losses Reach $160,000According to a report by Jinse Finance, Web3 security firm BlockSec has detected a suspected attack on a contract named D3XAT within the BSC ecosystem, with estimated losses reaching $160,000. Although the contract is not open source, preliminary analysis suggests that due to its reliance on spot prices, price manipulation may have occurred.
- 12:03Analysis: Federal Reserve Ends Special Oversight Program for Crypto Businesses, US Media Reports Easing of Cryptocurrency Industry RegulationAccording to a report by Jinse Finance, the Federal Reserve has announced the termination of its "Novel Activities Supervision Program" established in 2023, a program partly aimed at strengthening oversight of banks' cryptocurrency activities. Analysts believe this move continues the recent trend of U.S. regulators easing their oversight of the cryptocurrency industry. U.S. media noted that in April this year, the Federal Reserve withdrew guidance requiring banks to obtain regulatory approval before launching new cryptocurrency services. The other two U.S. federal banking regulators—the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation—have also taken similar steps, allowing banks to independently decide whether to engage in cryptocurrency activities under existing risk management requirements.