Homework is getting harder and harder to write—some are happy, some are sad. Today, I noticed something interesting: it seems like not many people are hyped about Kanye posting memes. Even though it’s late, I looked around and didn’t see many people sharing their gains. For those who did, the profits weren’t super impressive. On the other hand, there are way more people sharing OKB’s new all-time high or complaining about missing out. Oh, and by the way, BNB also hit a new high today. Looking back at this year, three platform tokens have performed pretty well. At the start of the year, BGB kicked things off, followed by BNB breaking through consistently, and now OKB. This puts pressure on other platform tokens. However, if OKB is just relying on pure price pumping without actual utility, it might face challenges. Hopefully, we’ll see more applications for OKB soon. BTC quietly dropped below $112,000, and no one’s talking about altcoin season anymore. The drop is still tied to the debate over September rate cut expectations. After Hammack expressed reluctance to support a rate cut in September tonight, expectations for a cut have been steadily declining. CME is down to 73.5%, and Kalshi is down to 60%. Investor sentiment is gradually turning pessimistic, and even Trump’s tough stance hasn’t made much of an impact. Friday night is the Jackson Hole Symposium, and Powell’s speech is getting maximum attention. Personally, I think Powell won’t reveal a clear stance on September’s monetary policy but will stick to a data-driven approach. However, he might show he’s not opposed to a rate cut in September, which could be a positive signal for the market. Back to Bitcoin’s data: although today’s drop was more severe, trading volume actually decreased. Investors seem to be preparing for the possibility of no rate cut in September. Trump hasn’t made a statement yet, but judging by his actions against Cook, he probably won’t sit idly by. Who knows what cards he still has up his sleeve? Be prepared for potential volatility on Friday. Support levels are still holding up well. If BTC drops below $110,000, it might attract some bottom-fishing investors. This isn’t systemic risk—it’s purely the rate cut debate for September. The likelihood of breaking through two support levels consecutively isn’t very high. I’m still holding my longs; let’s wait for the outcome and then come back to brag. If I’m wrong, I’ll take the hit and stand at attention. Sponsored by Bitget ｜ @Bitget_zh