LINK fluctuated, with a 5.23% increase in 24H

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform, stating that as the Federal Reserve's Jackson Hole meeting approaches, the options market shows clear divergence. Today, large bullish and bearish trades reached $1.61 billion and $1.14 billion, respectively, accounting for two-thirds of the total trading volume for the day. The trades are primarily concentrated on out-of-the-money options expiring this week and this month. Meanwhile, short-term implied volatility has declined, indicating that institutional investors are not optimistic about significant volatility resulting from this meeting.

[Bank of America: Stablecoins Will Intensify Competition with Money Market Funds] A Bank of America report states that demand for U.S. Treasury securities from stablecoins is expected to grow by $25 billion to $75 billion over the next year, which will exert greater competitive pressure on money market funds (MMFs). Some MMF clients are exploring tokenization to address the competition. In July of this year, BNY Mellon and Goldman Sachs successfully completed the transfer of tokenized MMF shares. The report highlights that MMFs need to complete tokenization within a limited timeframe and offer competitive yields to respond to potential innovations and regulatory changes in the stablecoin industry.

[Traders Reduce Bets on Two Fed Rate Cuts This Year] Odaily Planet Daily reports, according to market news: Traders have reduced bets on two Federal Reserve rate cuts this year. (Jin10)

OKX-OKB/USDT is currently trading at $242.88, with a 5-minute increase of 2.85%. Please be aware of market fluctuations.

[Jefferies: Initial Claims Data Does Not Indicate Labor Market Deterioration] Jefferies economists stated that the latest initial jobless claims data does not show signs of a rapidly weakening labor market. Recent initial and continuing claims data have shown limited fluctuations, layoffs remain low, and the labor market is maintaining a 'steady state.' The data indicates that since the reference week in July, initial claims have increased by 14,000, but the four-week average has decreased by approximately 5,000.