Recently, there have been several important developments in the financial markets. Fed official Hamak stated that, based on current economic data, it is unlikely that there will be a rate cut in September. This statement led market participants to drop their expectations for two rate cuts from the Fed this year.

At the same time, U.S. regulators have been active in the cryptocurrency space. The acting chair of the Commodity Futures Trading Commission ( CFTC ), Pham, announced the launch of a new round of crypto sprint initiatives aimed at advancing the digital asset strategy. The Office of the Comptroller of the Currency ( OCC ) also lifted the remediation requirements against Anchorage Digital, indicating a friendlier regulatory stance.

In terms of legislation, the latest version of the National Defense Authorization Act in the U.S. House of Representatives has added provisions opposing central bank digital currencies, drawing attention from the industry.

Traditional financial institutions are also actively embracing blockchain technology. State Street has become the first third-party custodian to provide services on J.P. Morgan's digital debt service platform, showcasing the trend of integration between traditional finance and emerging technologies.

In addition, Verb Technology Company disclosed that it holds $713 million worth of TON tokens and $67 million in cash, reflecting the continued optimism of some enterprises towards crypto assets.

These developments indicate that, although the regulatory environment is still constantly changing, cryptocurrencies and blockchain technology are gradually gaining broader recognition and application.