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The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said.

Don't ready too much into the move, said one observer, calling it a typical position reset.

The latest price moves in crypto markets in context for August 24, 2023.

Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.

Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.


- 23:36Truth Social denies rumors about launching a new meme coinPANews reported on May 13 that Truth Social denied rumors about launching a new meme coin.
- 22:46Federal Reserve's Goolsbee: Tariffs Will Continue to Have Stagflationary Effects, Temporary Nature of Agreement Will Pressure EconomyAccording to a report by Jinse Finance, Federal Reserve's Goolsbee stated that tariffs will continue to have a stagflationary effect, and the temporary nature of the agreement will put pressure on the economy. Due to uncertainty, I once again support maintaining a wait-and-see approach. The threshold for taking action must be very high.
- 22:45Offshore Yuan Falls 397 Points Against US Dollar Compared to Last Friday's New York CloseAccording to a report by Jinse Finance, the offshore RMB (CNH) was trading at 7.2006 against the US dollar at 04:59 Eastern Time, down 397 points from last Friday's New York close, with intraday trading ranging between 7.2406 and 7.1922.