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1Bitget Daily Digest(8.11)|LD Capital Founder: New ETH Target at $5,000, Rate Cut Expectations Could Ignite Quality Altcoin Season; $LAYER and $BB Heavy Unlocks Today2Bitcoin Surges Past $122,000 Amid Policy Optimism and Short Squeeze Dynamics3Ethereum’s Breakout May Signal Growth Opportunities for Altcoins Amid Shifting Market Sentiment
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Flash
- 06:17US SEC Chair: Resolution of SEC vs. Ripple Case Advances the Development of a Clear Regulatory FrameworkAccording to a report by Jinse Finance, @Cointelegraph published an article stating that U.S. Securities and Exchange Commission (SEC) Chairman Atkins said the conclusion of the SEC’s case against Ripple has created an opportunity to “shift focus from the courtroom to the policy-making table,” promoting the development of a clear regulatory framework that fosters innovation while protecting investors.
- 06:11US July CPI to Be Released Tonight, May Influence September Rate Cut DecisionAccording to ChainCatcher, citing Jinshi News, at 8:30 PM tonight (GMT+8), the US July CPI data will be released, drawing significant attention. The market expects core inflation to rebound moderately, while a “hawk-dove standoff” is currently unfolding within the Federal Reserve. If the data confirms the effects of tariff transmission and economic uncertainty, the Fed may adopt a more cautious approach to rate cuts. Market volatility may occur at that time, so please stay tuned.
- 06:10HSBC: Interpreting the Fed’s Political Leanings May Determine the Direction of the US DollarAccording to a report by Jinse Finance, Paul Mackel, Global Head of FX Research at HSBC, stated that the trajectory of the US dollar may depend on how the market interprets the Federal Reserve’s political leanings. There is uncertainty surrounding the Fed’s next monetary policy move as well as the selection of the next Fed Chair. If the Fed is able to cut rates gradually, this would support HSBC’s core view that the dollar will gradually weaken against a basket of currencies. However, if the market begins to worry about political interference with the Fed, the dollar’s movement could differ, depending on changes in cross-asset volatility and the performance of long-term US bond yields. In adverse scenarios, the dollar may initially weaken against major currencies such as the euro, yen, Swiss franc, and renminbi.