US employment data shows strong performance, with initial jobless claims decreasing to 229,000, below the expected 230,000, which may weaken expectations for Fed rate cuts. Original link
US second-quarter economic growth rate revised from 3% to 3.3%, exceeding economists' expectations, with the front end of the US Treasury yield curve being 'pulled' by whether the Fed should cut rates in September. Original link
Fed Governor Cook sues Trump to stop the termination of his position, naming Fed Chair Powell as a defendant, which may trigger a legal battle that reaches the Supreme Court. Original link
The probability of a Fed rate cut in September rises to 87.8%, while the probability of maintaining rates in October falls to 6.2%, with a cumulative 25 basis point rate cut probability at 50.6%. Link
The dismissal of Fed Governor Cook by Trump raises concerns about the Fed's independence, as White House economic advisors suggest Cook take a temporary leave during the lawsuit. Link
The US Secretary of Commerce announces plans to publish GDP economic data on the blockchain, indicating it will be open to 'the entire government'. Link
Ethereum ETFs continue to see strong inflows, with a net inflow of $455 million yesterday, marking four consecutive days of inflows. Link