QCP: Expectations of Fed interest rate cuts boost Ethereum momentum, Jackson Hole annual meeting becomes focus

Trump reduces the number of Federal Reserve Chairman candidates to three to four According to Jin Shi's report, Trump has stated that he will appoint a new chairman of the Federal Reserve as soon as possible, and the current candidate pool has narrowed down to three to four.

The United States has cracked a million dollar payment fraud case involving cryptocurrency money laundering According to official documents, the Northern California Federal Prosecutor's Office announced on August 13th that a large-scale payment fraud case involving cryptocurrency money laundering has been solved. The prosecutor accuses 8 suspects of infiltrating the account system of a mobile shopping service platform through phishing tactics, using fake orders and digital payment cards to extract funds, and then converting them into cryptocurrency for money laundering by purchasing gift cards, ultimately converting the funds into US dollars. The amount involved exceeds 1 million US dollars. All defendants have been arrested and released on bail, and will be tried in Auckland Federal District Court on August 25th.

OKX-BTC/USDT is currently trading at $123930, with a 5-minute increase of 0.13%. Please be aware of market fluctuations.

1. Trump said he will promote the trilateral meeting between the United States, Russia, and Ukraine 2. The largest pension fund in the United States increases its holdings of technology stocks such as Coinbase 3. MetaMask may launch USD stablecoin mUSD 4. The Vietnamese government confirms the launch of a state-owned cryptocurrency exchange 5. Algorand Chain adds 100 million USDC coins for casting 6. USDC Treasury adds 250 million USDC coins for casting 7. QCP: Expectations of Fed September interest rate cuts boost Ethereum momentum 8. FTX creditors' information suspected to be leaked, alert to phishing attacks The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/478868

The current 90 minute cycle shows that ETH prices are above the EMA24 and EMA52 moving averages, indicating a strong overall trend. However, the distribution of chips reveals that 4306 USDT is a strong support level, with 6.23% of trading volume concentrated here. Combining the candlestick top pattern with the KDJ dead cross signal, the risk of short-term pullback has intensified, and the price may test the support of 4306. If it falls below 4306, 4210 below will become a key defense line, and we need to be alert to the risk of further decline. The trading volume has shrunk by 42.54%, indicating a lack of market vitality. Long positions need to quickly increase their volume to confirm the trend. Member indicators capture the main trends ahead of time, helping you layout accurately! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.