Bitunix Analyst: PCE Forward Guidance Points to Third Consecutive Hike, September Rate Cut Sentiment Unchanged; BTC Faces Resistance at 114600, Support at 107600 Likely to be Tested
August 29th: The market anticipates that the core PCE will grow by 0.3% in July, with a year-on-year growth reaching 2.9% to 3.0%, marking the third consecutive increase. Tariff transmission has driven up inflation. However, Powell has alleviated inflation concerns at the Jackson Hole Symposium and shifted the focus to employment. This indicates that the probability of a "insurance rate cut" in September remains high. Nevertheless, if the PCE shows signs of overheating, the number and pace of future rate cuts for the rest of the year may be restricted. The consumer side may have reached its peak, with a focus on wages and core services.
On the crypto market front, the BTC liquidation heat map shows a concentration of liquidations around 114,000, with further support at 116,800; the downside support is observed at 107,600.
Advice from Bitunix analysts:
This round of PCE data will have a greater impact on the subsequent easing pace rather than the September decision itself. If the data
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CZ: Hong Kong Has the Potential to Become a Major Hub for Virtual Assets, but Regulatory Action is Needed to Unlock Its Potential
August 29th. In an interview with the South China Morning Post, CZ said that Hong Kong has the capability to become a significant hub for virtual assets, on a par with markets such as the United States and the UAE. Nevertheless, Hong Kong's regulatory authorities need to act promptly in order to fully tap into this potential.
CZ proposed expanding the variety of cryptocurrencies that licensed exchanges in Hong Kong can trade and following the model of Japan by enabling exchanges to decide which tokens can be traded.
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XPL "Price Manipulator" or Top Individual Holder of WLFI Token
On August 29th, according to on-chain analyst Ai姨 (@ai_9684xtpa), the WLFI TOP1 holding address, moonmanifest.eth, was identified by Arkham today as belonging to TechnoRevenant (XPL "Price Manipulator"). This address had made an investment of $15 million (13 million USDC + 2.01 million USDT) during the first public sale round seven months ago and currently holds 1 billion WLFI tokens, accounting for 1.0007% of the total supply.
It is crucial to note that this address is marked on Debank as belonging to the X account @moonmanifest47. There is a discrepancy in the platform tags. However, after cross-validation by Nansen, Ai姨 is of the opinion that the probability of it belonging to TechnoRevenant is relatively higher.
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Binance HODLer Airdrop Launches Mitosis (MITO) and Spot Trading Will Go Live Tonight at 23:30
On August 29th, according to an official announcement, Binance has initiated the 34th project within the Binance HODLer Airdrop: Mitosis (MITO).
Binance is scheduled to list MITO on August 29, 2025, at 3:30 PM (UTC) and commence trading for the pairs USDT, USDC, BNB, FDUSD, and TRY. MITO will bear a Seed label. Users will be able to commence depositing MITO on August 29, 2025, at 11:30 AM (UTC).
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AWE's second World Launch has officially kicked off, featuring the Trade Clash project.
On August 29th, as per official channels, the decentralized AI project AWE has initiated its second World Launch on the World.fun platform, featuring the Trade Clash project, and officially launched at 9 a.m. (UTC+8) today.
This issuance is based on the Base chain, with a targeted fundraising cap of 60,000 USDC, which corresponds to an estimated initial market capitalization of approximately $300,000. Once the cap is reached, the project team will promptly deploy a liquidity pool (LP) and simultaneously open token claiming.
The event first enters the whitelist subscription period, which lasts for 24 hours. If the cap is not reached, the remaining allocation will be opened to the public. The whitelist comprises participants of the Trade Clash Alpha Tournament and some collaborating communities and KOLs, with a maximum individual wallet subscription of 1,000 USDC.
The project team indicated that the World Launch will serve as a mechanism for continuous improvement, constantly enhancin
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Announcement: U.S. Core PCE Price Index YoY for July and U.S. University of Michigan Consumer Sentiment Index Final Value for August will be released tonight
On August 29th, based on the schedule, the US July Core PCE Price Index Annual Rate will be released at 20:30 Beijing time tonight. Meanwhile, the final value of the University of Michigan Consumer Confidence Index for August will be announced at 22:00.
According to forecasts, the PCE Price Index is anticipated to rise by 0.3% in July, remaining the same as the previous month. If this forecast comes true, the year-on-year growth rate of PCE inflation will go up from 2.8% to 2.9%, reaching the highest level since February this year and also being the third consecutive month of increase.
Economists state that high inflation may restrict the space for further rate cuts later this year. Some believe that only a significant increase in the August CPI inflation data, which will be released in two weeks, can prompt the Fed to reexamine its rate cut plans during the meeting on September 16th to 17th. (Jin10)
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