TechFlow news, on August 21, LD Capital founder Yi Lihua posted on social media stating, "August has always been a slow trading season due to U.S. financial holidays, and historically the crypto market performs poorly. However, considering the upcoming speech by hawk Powell and the decline in U.S. stocks, Ethereum's performance has been outstanding, providing everyone with the best timing and price range for buying the dip. As the September rate cut of 25 basis points draws closer, unless there are major issues with U.S. equities, the market trend will remain bullish with upward trading opportunities. Macro factors to watch include risks in U.S. stocks, crypto policies, Trump vs. the Fed, and stablecoins; industry developments to monitor include the next ETF, DeFi legislation, and coin-based equity projects."
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