DeFi Development increased its holdings by 181,303 SOL, bringing its total holdings value to $218 million

Federal Reserve Chairman Powell’s speech at the Jackson Hole annual meeting was interpreted by the market as a signal for a rate cut in September, driving US stocks to new highs. However, economist Jonathan Levin pointed out that Powell actually conveyed the difficult balance between weak employment and high inflation, suggesting that a rate cut is more likely a defensive measure against economic deterioration, rather than a response to cooling inflation. He emphasized that the market is overly optimistic and that the future policy path may be slower and more uncertain than expected. Summary generated by Mars AI This summary was generated by the Mars AI model. Its accuracy and completeness are still being improved through iterative updates.