Grayscale stated that driven by the theory of hard currency and the growing demand for digital privacy, the price of Zcash has exceeded $900. （Cointelegraph）
On Thursday, the US stock market closed with the Dow Jones Industrial Average up 1.18%, the S&P 500 index up 1.06%, the Nasdaq up 1.4%, Tesla up 5.4%, Nvidia up 1.8%, SpaceX up 6.4%, MSTR up 17.56%, CRCL up 16.44%, COIN up 10.14%, BMNR up 14.66%, SBET up 10.86%, and PURR up 12.81%.
Grayscale stated that driven by the theory of hard currency and the growing demand for digital privacy, the price of Zcash has exceeded $900. （Cointelegraph）
According to Business Insider, Meta CEO Mark Zuckerberg expressed opposition to the plan to establish a national artificial intelligence regulatory agency during a phone call with US President Trump last month. On the week of August 17th, Trump called Zuckerberg to discuss the "FINRA style" AI regulatory agency plan proposed by Google DeepMind CEO Demis Hassabis. Zuckerberg believes that the agency should embody the Trump administration's AI regulatory philosophy. The White House stated that the Trump administration aims to strike a balance between promoting AI innovation and ensuring security, and the plan is still under consideration.
According to CME's "Federal Reserve Watch", the probability of the Fed keeping interest rates unchanged until September is 49.8%, and the probability of a cumulative 25 basis point rate hike is 50.2%. The probability of the Federal Reserve keeping interest rates unchanged until October is 35.5%, the probability of a cumulative increase of 25 basis points is 50.1%, and the probability of a cumulative increase of 50 basis points is 14.5%.
AI interpretation: The market's expectations for whether the Federal Reserve will raise interest rates in September are extremely tight, and the game between long and short sides has entered a white hot stage. The extreme closeness of this probability distribution directly reflects the market's confusion and high sensitivity to the current path of monetary policy. The uncertainty of interest rate decisions is exacerbating the volatility risk in financial markets, and investors are at a critical crossroads of policy shift. The follow-up policy guidance of the Federal Reserve will become the only core variable to break the current deadlock.
