According to BlockBeats, U.S. President Donald Trump appears determined to form a more cohesive team within the Federal Reserve to shift policies towards a dovish stance. Currently, Bowman, Waller, and Milan are generally seen as supporters of Trump. If Governor Cook is replaced, even without appointments to the two vice-chair positions and the next chair, the pro-Trump voices on the board would increase to four.

Last week's Jackson Hole meeting redefined the Federal Reserve's risk balance. Officials expressed greater concern over the slowing job market and highlighted the revision of non-farm payroll data. In their view, the labor market's current state is more significant than the risk of accelerating inflation. This paves the way for a potential rate cut in September, although a non-farm payroll and CPI report will be released before the FOMC meeting.
Additionally, Nvidia, a key player in the AI sector, is set to release its earnings report after the market closes today. The market will closely watch Nvidia's performance and guidance to assess whether revenue growth driven by AI spending remains resilient.
The recent weakness in the cryptocurrency market seems linked to actual selling pressure from large holders. If U.S. stocks decline from this point, traditional financial investors' confidence in Bitcoin may be tested, signaling a new wave of risk.