24-Hour Spot Funding Inflow/Outflow Ranking: SOL Net Inflow of $116M, USD1 Net Inflow of $46M

On August 29th, the U.S. stock market maintained its downward trend, with the Nasdaq declining by 1.00%. Joanne Hsu, the director of the University of Michigan Consumer Survey, said that the final value of the U.S. Consumer Confidence Index was in line with the preliminary value, showing a decrease of approximately 6% from July. Although the current index is about 11% higher than the levels in April and May, it is still at least 10% lower than it was six and twelve months ago. The decline this month was widespread among different age groups, income levels, and stock wealth groups, and the public's views on various aspects of the economy have become worse. Due to the increased concern about high prices, the purchasing conditions for durables have dropped to the lowest point in a year, and the current personal financial conditions have decreased by 7%. Expectations for business conditions and the labor market also contracted in August. However, although it is relatively calm compared to

Update: On August 29th, based on HTX market data, Ethereum fell below $4300, experiencing a 24-hour decline of 6.51%.

August 29th: The one-year US inflation expectation's final value in August was 4.8%. The forecast was 5%, and the previous value was 4.90%. (Xinhua Finance)

On August 29th, the final value of the August University of Michigan Consumer Sentiment Index in the United States was 58.2. The expected value was 58.6, and the previous value was also 58.6. (CAIXIN)

On August 29th, according to HTX market data, Bitcoin briefly fell below $109,000, experiencing a 24-hour decline of 3.19%.

August 29th: In the United States, the July PCE inflation data met expectations, which led to the continuous strengthening of the US dollar. Meanwhile, the market is closely observing President Trump's attempt to pressure the Federal Reserve to lower interest rates. Federal Reserve Governor Waller once again expressed a dovish stance. Marc Chandler, the Managing Director of Bannockburn Global Forex, stated that in the face of a deteriorating labor market, he is in favor of a September rate cut by the Federal Reserve and advocates ignoring price pressures related to tariffs. (FXStreet)