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The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said.

Don't ready too much into the move, said one observer, calling it a typical position reset.

The latest price moves in crypto markets in context for August 24, 2023.

Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.

Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.


- 14:14CBOE announces Dogecoin ETF has been listedChainCatcher reported that the Chicago Board Options Exchange (CBOE) announced on the X platform that the REX-Osprey XRP ETF (XRPR) and the REX-Osprey DOGE ETF (DOJE) have been listed.
- 13:59Fed Rate Cut Ignites Wall Street Enthusiasm, U.S. Stocks Reverse Cautious SentimentJinse Finance reported that on Thursday, the Federal Reserve announced its first interest rate cut for 2025 and hinted at further rate cuts in the future, fueling risk appetite on Wall Street and causing a significant surge in the U.S. stock market. Thursday's rally in the U.S. stock market marked a reversal of traders' initial reaction to the Fed's decision in the previous trading session, when Wall Street took profits from overbought tech stocks. Robert Schein, Chief Investment Officer at wealth management firm Blanke Schein, stated: "The Fed cutting rates while the stock market is at record highs and the economy is still growing is a very unique context, as rate cuts are usually associated with economic problems. This dynamic is favorable for the stock market."
- 13:44Spot gold drops in the short term, now trading at $3,640.83 per ounce.According to ChainCatcher, citing Golden Ten Data, spot gold fell by $6 in the short term and is now quoted at $3,640.83 per ounce; the US Dollar Index (DXY) rose 0.5% intraday and is now at 97.52.