Italy's Istat Consumer Confidence Index for July

The Hong Kong SAR government will implement new stablecoin regulatory regulations in 2025, aimed at enhancing market liquidity and attracting global issuers. This marks an important advancement for Hong Kong in the digital asset sector, and is expected to further promote industry development and strengthen its position as an international financial center.

Ethereum Prague Upgrade Depth Research Report: Technological Innovation, Ecological Impact, and Future Outlook 1. Introduction: Prague Upgrade Preview Since its launch in 2015, Ethereum has been at the forefront of technological innovation and application exploration in the blockchain industry. As a pioneering platform, Ethereum has led the wave of smart contracts and decentralized applications, having a profound impact in areas such as DeFi and NFTs. The technological evolution of Ethereum has transitioned from the initial PoW consensus to PoS in September 2022, always seeking more efficient, environmentally friendly, and scalable solutions. The upcoming Prague upgrade is once again drawing widespread attention. The Prague upgrade is another important technological iteration of Ethereum, following the Cancun upgrade in March 2024. It continues to optimize network performance, reduce transaction costs, and enhance the programmability of smart contracts. Compared to previous upgrades, the Prague upgrade involves adjustments to the underlying protocol and includes a series of far-reaching impacts.

#IKA# There is absolutely no pressure 😄

U.S. inflation trends have once again become the focus of the market. According to the economic calendar, the U.S. Department of Commerce will release the highly anticipated June Core Personal Consumption Expenditures (PCE) Price Index tonight at 8:30 PM (Eastern Time). This indicator is regarded as the Fed's preferred measure of inflation and has significant implications for monetary policy formulation. The recently released annualized quarterly core PCE price index for the second quarter exceeded market expectations, raising concerns about a possible resurgence of inflation. Analysts point out that if the June core PCE data comes in lower than expected, it could strengthen market expectations for a rate cut by the Fed in September. Conversely, data that is higher than expected could dampen this hope and potentially lead to volatility in the financial markets. Investors and economists will closely monitor this data to assess inflation trends and the health of the U.S. economy. After the data is released, market reactions may be swift, affecting stock prices, bond yields, and the dollar exchange rate. It is worth noting that the Fed indicated in its recent monetary policy statement that it will continue to closely follow inflation data to determine the future path of interest rates. Therefore, tonight's core PCE data will undoubtedly become an important reference for decision-makers and market participants. As the global economy faces numerous uncertainties, the evolution of inflation trends in the United States will continue to affect the nerves of global financial markets. Investors should remain vigilant and closely follow data releases and the potential market reactions they may bring.

On July 31, the global financial markets experienced an unexpected turmoil. After the Fed announced its interest rate decision, former U.S. President Trump took a series of surprising actions, triggering widespread attention and concern in the market. The Fed Chairman Powell maintained a consistent cautious stance in the interest rate decision, stating that future policies would depend on economic data. This ambiguous statement seems to have angered Trump, who immediately took a tough stance. Shortly after the resolution was announced, Trump declared a 40% additional tariff on Brazilian products, bringing the total tariff rate to 50%. This decision has had a huge impact on multiple industries, especially the beverage, coffee, and meat industries. Most of these products are exported to the United States, and the increase in tariffs will inevitably raise production costs and inflationary pressure. Trump's move is widely interpreted as pressuring the Fed to consider lowering interest rates. However, this tactic could trigger broader international trade disputes. Canada has announced an indefinite postponement of trade talks originally scheduled to end on August 1, and other countries may take similar actions. For investors, the market trends over the next few months are filled with uncertainty. If the Fed maintains its current position, interest rate cuts may be delayed until October. Meanwhile, inflationary pressures caused by tariffs could bring additional stress to the market. Market expectations have also changed accordingly. The probability of an interest rate cut in September has decreased from about 60% to 49.6%, and the expectation for the total interest rate cut for the year has also been reduced from 44 basis points to 36 basis points. In this financial game, the next actions of all parties will directly affect the global economic landscape. Investors need to closely follow the developments and respond cautiously to potential market fluctuations.