BTC falls below the $115500 mark

Coinbase Research Leader: September market or clearer David Duong, head of institutional research at Coinbase, said that the lack of upward momentum in the market recently may be due to investors reducing risk in response to the upcoming large-scale capital withdrawal by the US Treasury Department (approximately $400 billion). He expects that the market outlook in September may become clearer.

Lagarde: Economic slowdown and lingering trade uncertainty According to a report by Golden Finance, European Central Bank President Lagarde stated that although the recent agreement with the United States has reduced some uncertainty, the growth of the eurozone economy may slow down this quarter, and there is still uncertainty in global trade. Lagarde stated in Geneva that the current 15% tariff on most European goods is slightly higher than the level assumed by the European Central Bank in June, but "far below" the severe scenario previously planned. She pointed out on Wednesday that "recent trade agreements have eased some uncertainty, but have not completely eliminated it. Due to the unpredictable policy environment, uncertainty still exists." She added that industry tariffs on pharmaceuticals and semiconductors are not yet clear.

Strategist: The expectation of Fed interest rate cuts has decreased and profit taking is driving Bitcoin to continue its adjustment Bitcoin has rebounded slightly, but overall it remains at a low level, dropping to a two and a half week low the night before. LMAX Group strategist Joel Kruger stated in a report that Bitcoin has been in a "correction mode" since hitting a historic high last week. He pointed out that this was mainly affected by higher than expected wholesale inflation data in the United States, which weakened market expectations for the Federal Reserve to cut interest rates. Kruger also mentioned that some of the selling may be related to profit taking in short-term accounts, as well as recent statements from the US Treasury Secretary that strategic Bitcoin reserves will not be expanded through new purchases.

The July security incident of WOO X was initiated by a North Korean hacker group WOO X has released a security incident analysis for July, confirming that it suffered a social engineering attack launched by the North Korean hacker group UNC4899 (Lazarus Group) on July 24th, resulting in the theft of $14 million from 9 user accounts. Attackers induce developers to run malicious programs, gain access to the development environment, and modify databases through disguised open source collaboration requests. The incident was discovered two hours after its occurrence, and all affected users have received full compensation.

OKX-ETH/USDT is currently trading at $4199.30, with a 5-minute increase of 0.01%. Please be aware of market fluctuations.