Crypto Pundits Retain Bullish Bitcoin Outlook as Fed Rate Cut Hopes Clash With Stagflation Fears

The current total position of OKX BTC options contract is 33599.03 BTC, with a growth rate of 5.27% over the past 24 hours, indicating an increase in activity in the options trading market. Data for reference only Interpretation: Option holding refers to the total number of unexercised option contracts in the market, which can reflect the current market's views and expectations on the future price trend of a certain underlying asset. Data for reference only

[ZachXBT: $1.2M stolen from THORChain user suspected to be @jpthor] On-chain analyst ZachXBT stated that the $1.2 million stolen from THORChain might belong to @jpthor. Reportedly, their private wallet was compromised a few days ago due to a phishing scam involving a fake conference. ZachXBT also mentioned that @jpthor had previously profited from attacks or exploits linked to North Korean hackers.

[Aave Community Proposes Adjustments to V3 Scroll Risk Parameters] The Aave community has released a proposal suggesting adjustments to the risk parameters of all assets in the V3 Scroll instance. The proposal includes increasing the Reserve Factor (RF) and lowering the borrowing cap to address potential risks arising from instability in Scroll ecosystem governance, thereby protecting the protocol and user interests.

[Weak U.S. Employment May Prompt Fed Rate Cut in September] ICIS Global economist Kevin Swift stated that the weak U.S. job market might prompt the Federal Reserve to cut interest rates at its September meeting. Although wages grew 3.9% year-on-year in August, the slowdown in growth has weakened real income gains and support for consumer spending. Meanwhile, initial jobless claims have risen to their highest level since October 2021, potentially signaling increased layoffs and a weakening labor market trend. Swift noted that the situation will become clearer in the next one to two weeks.

[Coinbase Accuses SEC of Deleting Chairman's Text Records and Seeks Court Ruling] Coinbase cited an Inspector General report stating that the SEC deleted one year of Chairman Gary Gensler's text records. Chief Legal Officer Paul Grewal said the company has requested federal court intervention, claiming this action severely undermines public trust.