#DOGS# Recently, the international financial market has shown multiple variables. The Fed announced the termination of regulatory projects targeting encryption and Distributed Ledger technology, which may bring new development opportunities to related fields. Meanwhile, the SEC has postponed its approval decision on specific social platform applications for Bitcoin and Ethereum ETFs, extending the deadline to October 8, attracting market follow.

In the Crypto Assets sector, the Ethereum ecosystem continues to demonstrate its influence. Data shows that the ETH holdings of 69 Ethereum treasury companies have surpassed 4 million coins, with the market value of the top three companies' ETH holdings exceeding $10 billion. However, the price of ETH still faces pressure, with a daily decline of 2.28%.

The global political situation is also influencing market trends. Trump expressed his views on the Russia-Ukraine conflict, believing that both sides do not need to insist on a ceasefire agreement. The White House has proposed a tripartite meeting between Russia and Ukraine, which has sparked a wait-and-see sentiment in the market.

In traditional financial markets, economists expect that Fed Chairman Powell will take a more cautious approach at the upcoming Jackson Hole meeting. If the inflation and employment data before the September meeting exceed expectations, the Fed may be more conservative in its policy decisions.

Despite a slight rebound in the crypto market, the overall trend remains bearish. Fan tokens have performed the weakest in the altcoin market, with ASR and CYBER seeing 24-hour declines of 14.4% and 10%, respectively. In contrast, the three major U.S. stock indices closed roughly flat, indicating relative stability in the traditional markets.

These complex market trends highlight the interconnectedness of the global financial system and reflect the increasingly close ties between the crypto assets market and traditional financial markets. Investors need to closely follow various factors to cope with potential market fluctuations.