This week's focus in the financial markets is on the Fed's developments. The Fed's meeting minutes and the latest unemployment data will be released on Thursday, and Chairman Powell is expected to deliver an important speech at the Central Bank annual meeting on Friday. The market generally anticipates a possible rate cut by the Fed in September, with a probability as high as 84.6%. Meanwhile, bond traders are also predicting a potential rate cut next month.

In the cryptocurrency field, Thailand has launched an innovative TouristDigiPay program that allows foreign tourists to exchange digital assets for Thai Baht and make electronic payments. This initiative may promote the application of cryptocurrencies in the tourism industry. However, security issues surrounding cryptocurrencies still exist. The Qubic community and Monero attackers have turned their attention to Dogecoin, triggering a new round of discussions on blockchain security.

Despite the overall cryptocurrency market showing a pullback trend, the DeFi sector has risen against the trend by 1.81%. Among them, Chainlink (LINK) performed particularly well, with a growth rate of 14.32%, demonstrating the continued appeal of decentralized finance.

In terms of regulation and academia, the Law School of Renmin University of China plans to hold an advanced training course on legal practices related to virtual currency in 2025, indicating a focus on legal issues surrounding digital assets. This initiative will provide judicial authorities, lawyers, and corporate legal personnel with the opportunity to gain an in-depth understanding of the legal practices concerning virtual currencies.

With the rapid development of financial technology, the integration of traditional finance and emerging digital assets has become an irreversible trend. Market participants need to closely follow policy changes, technological innovations, and security challenges to seize opportunities in this new era filled with both opportunities and risks.