【Market Update】- **Expectation of Fed Rate Cut**: The market is beginning to anticipate the Federal Reserve's rate cut action in September, expecting a 50 basis point reduction to address economic uncertainties. 【Vitalik's Perspective】: Ethereum founder Vitalik Buterin emphasized that although the cryptocurrency sector currently faces challenges, its practicality is in an upward phase, marking the end of the trough period. 【Ark Invest Action】: Renowned investment firm Ark Invest sold approximately $14.6868 million worth of Coinbase shares yesterday, drawing attention to cryptocurrency investment strategies in the market. 【Fantom Project Renaming】: Blockchain project Fantom officially announced its rebranding as Sonic Labs, planning to launch the Sonic blockchain network supporting EVM in the fourth quarter. 【Security Alert】: The FBI alerts the public to be vigilant against scam activities impersonating cryptocurrency exchange employees, preventing illegal fund theft. 【Trading Sentiment】: Data analysis company Santiment reported that traders held optimistic attitudes towards major cryptocurrencies in August, showing a recovery in market confidence. 【Options Expiry】: A total of 37,000 BTC options and 180,000 ETH options will expire today, involving a total nominal value of up to $3 billion, affecting the market landscape. 【Industry Gathering】: According to Forbes reporter, the Harris campaign team plans to hold a meeting in Washington next Monday afternoon, inviting leaders from the cryptocurrency industry to discuss future collaboration and development opportunities.