Ethereum August Historical Returns: rose 3 times and fell 6 times since 2016, with an average return of 5.5%

On August 2nd, based on HTX market data, Ethereum briefly fell below $3,450, experiencing a 24-hour decrease of 6.53%.

On August 2nd, according to HTX market data, SOL briefly dropped below $160, experiencing a 24-hour percentage decline of 6.92%.

On August 2nd, according to HTX market data, Bitcoin dropped below $113,000, experiencing a 24-hour decline of 2.68%.

August 2nd: Traders have heightened their wagers on a Fed rate cut in September. In terms of the news aspect, Federal Reserve Governor Cugler is set to resign next week, enabling Trump to appoint a preferred candidate in advance. (FXStreet)

On August 2nd, U.S. President Trump's latest social media message reads: "In my opinion, today's employment data has been manipulated in order to embarrass Republicans and me. Just like they did around the 2024 presidential election. Firstly, they presented three days of good data. Then, on November 15th, 2024, shortly after the election, that data was significantly revised downward. It's a complete fraud." "Too late, Mr. Powell" is not in a good situation either! But the good news is that our country is performing very well! (FXStreet)

August 2nd: The Federal Reserve issued a statement announcing that Fed Governor Lael Brainard will tender her resignation next week. This gives President Trump an early chance to potentially appoint a preferred candidate who could assume a leadership role at the central bank. Brainard's position was not scheduled to become vacant until January of next year, and the 7-member Federal Reserve Board currently has no other vacant positions. Now, Trump will be able to promptly appoint a new governor to exert pressure on Chairman Powell—this governor may potentially succeed Powell. The statement noted that Brainard has submitted her resignation to President Trump and will step down next Friday, August 8th, in order to return to Georgetown University as a professor. Brainard did not participate in this week's Federal Reserve policy meeting. The Board stated that her absence was due to personal reasons. Brainard previously served as the Chief Economist at the U.S. Department of Labor and was