OKX market data from Odaily Planet Daily shows that ETH has fallen below 3400 USDT, currently trading at 3396.07 USDT, a 24-hour drop of 4.63%. (This newsletter was generated with AI assistance.)

According to Odaily's OKX market data, SOL has fallen below 160 USDT, currently trading at 159.94 USDT, a 24-hour drop of 3.81%. (This newsletter was generated with AI assistance.)

According to crypto analyst Ai Yi @ai_9684 xtpa, a major cryptocurrency "whale" (presumably a "10-big target") closed out its BTC and ETH short positions an hour ago, generating cumulative profits of $7.494 million. Of this, its BTC short position generated $6.217 million in profits, while its ETH short position generated $1.277 million in profits.

According to Odaily Planet Daily, Fed Chair Williams said the unusually sharp downward revisions to job growth in May and June were the "real news" in Friday's non-farm payroll report. The Fed will approach its September meeting with an "open mind" to discuss whether to cut interest rates. (Jinshi)

According to Odaily Planet Daily, Federal Reserve Board Governor Kugler's sudden resignation on Friday presents President Trump with an opportunity to fill the Fed vacancy sooner than expected, potentially forcing him to finalize his next chairmanship months in advance. Derek Tang, an economist at the monetary policy analysis firm LH Meyer, said, "The ball is now in Trump's court. He has been pressuring the Fed to install his own candidate. Now is his chance." While Powell's term as chairman ends in May of next year, his term as a governor runs until 2028. If Powell doesn't resign voluntarily, Trump won't have another chance to fill the vacancy before 2028. In this scenario, Trump might be forced to replace Kugler with a candidate he might promote as chairman. Tobin Marcus, head of U.S. policy and political strategy at Wolfe Research, noted, "The key is that this is the only vacancy Trump can fill. If he wants to find the next Fed chair from outside, the nomination could be announced earlier." (Jinshi)

According to Odaily's OKX market data, BTC has fallen below 113,000 USDT, currently trading at 112,982.2 USDT, a 24-hour drop of 2.12%. (This newsletter was generated with AI assistance.)