QCP Capital, a Singapore-based cryptocurrency investment firm, published a statement overnight indicating that the downward revision of US non-farm payroll employment figures highlighted weakness in the labor market, causing concerns about the possibility of the Fed delaying rate cuts and triggering a sell-off. However, the minutes from the July Federal Open Market Committee (FOMC) meeting showed that some policymakers are willing to cut interest rates, which released a more dovish stance aimed at balancing inflation and employment goals, thus alleviating these concerns. This dovish tone boosted risk assets and pushed the price of Bitcoin above $61,800, with strong buying on Coinbase continuing until 4am Singapore time. The aggressive buying on Coinbase (indicating US domestic demand) is a good signal for short-term trends. Now, the market's focus is on Fed Chairman Powell's speech tomorrow in Jackson Hole, hoping to get more signals about rate cuts. Given the market's widespread bet on rate cuts, unexpected economic data may have a significant impact on the market.

According to SolanaFloor on the X platform, Parcl announced that trading has resumed and the domain has been secured after suffering a DNS attack. Previously, Web3 security company Pocket Universe posted on X, stating that it had detected a hacker attack on the front-end of the Parcl official website. The attacker would extract tokens from the user's Solana wallet and display false transaction results on Phantom.

Bitcoin is showing signs of weakness, according to cryptocurrency analyst Nicholas Merten. The digital asset is struggling to overcome resistance levels and has fallen below the 200-day moving average, indicating a bearish phase. Merten believes that unless Bitcoin can surpass its prior highs and establish a new base, it may not be a new bull market. At the time of writing, Bitcoin is trading at $59,381.

Sun Yuchen, founder of TRON and global advisor to Huobi HTX, responded to the news on social media that "SunPump platform's protocol revenue in the past 24 hours exceeded Pump.fun", saying, "We are doing our best to serve all Meme developers and users in the industry. This is just the beginning." He also revealed that a new version of SunPump will soon be launched, with significantly improved stability and a comprehensive solution to the data and K-line issues reported by users.Related data shows that in the past 24 hours, SunPump, a Meme issuance platform on the TRON chain, issued 7,351 tokens, generating $585,000 in revenue. During the same period, Pump.fun issued 6,701 tokens, generating $366,000 in revenue.In addition, Sun Yuchen also responded to the issue of energy shortages caused by the surge in activity on the TRON network due to SunPump's popularity. "Proposals to increase the energy limit and reduce costs have been drafted. The super representatives are expected to initiate the proposal today, and voting will open shortly and take effect soon. We attach great importance to reducing the transaction costs of Meme on the TRON network and will complete it soon."

According to Jinse Finance, cryptocurrency management company Grayscale has announced the addition of Avalanche blockchain token trust to its recent series of new products. Grayscale Avalanche Trust provides investors with investment opportunities in AVAX tokens for paying transaction fees and ensuring the position of Ethereum's high-speed, highly scalable competitor.

In order to increase adoption rates, PayPal has announced a partnership with Anchorage Digital, the only US cryptocurrency company with a banking license, to provide stablecoin rewards to Anchorage Digital's qualified investor user base. These investors hold PYUSD in their US bank, Singapore subsidiary, or through their non-custodial wallet, Porto. Anchorage Digital states that PYUSD and the rewards program do not constitute securities issuance, nor are they under the jurisdiction of banking regulatory authorities.

According to Bitcoin News, the growth of Bitcoin whale holdings has slowed from 6% in February to 1%.

BEBE ecosystem's GameFi key initiative, the BEBOX gaming platform, officially launched on August 10. As a significant player in the blockchain industry, BEBE FOUNDATION showcased its strong technological and market advantages at the 2024 Asia Blockchain Summit (ABS 2024), engaging in deep discussions with global blockchain experts, investors, and industry leaders about the future applications of blockchain technology in the gaming sector. On August 16, BEBE was officially listed on HTX, followed by a token launch event on Gate.io on August 17, with trading commencing on August 19. These strategic moves have not only significantly increased BEBE's market visibility but also provided users with more convenient trading options.