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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.
- 23:31Grayscale Files Registration Statement for Its Avalanche TrustAccording to a report by Jinse Finance, citing market news from @DecryptMedia: Crypto asset management firm Grayscale has filed a registration statement for its "Avalanche Trust," aiming to facilitate an "uplisting" of this investment vehicle.
- 23:22Overview of Key Overnight Developments on August 2621:00 (UTC+8) - 7:00 Keywords: Rate Cut, US SEC, a16z 1. The probability of a Fed rate cut in September is 82.8%; 2. Sequans announces a $200 million equity plan to accelerate its Bitcoin reserve strategy; 3. The acting chairman of the US CFTC may join MoonPay after confirmation as official chairman; 4. The US SEC has postponed decisions on the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF applications; 5. The US SEC has opened a public comment period for the Canary Staked INJ ETF; 6. a16z, together with OpenAI co-founders and others, has established a $100 million AI industry PAC to promote pro-AI policies.
- 22:28The probability of a Fed rate cut in September is 82.8%According to CME "FedWatch" reported by Jinse Finance, there is a 17.2% probability that the Federal Reserve will keep interest rates unchanged in September, and an 82.8% probability of a 25 basis point rate cut. For October, there is a 10% probability that rates will remain unchanged, a 55.5% probability of a cumulative 25 basis point rate cut, and a 34.5% probability of a cumulative 50 basis point rate cut.