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According to Jinse Finance, after the Ethereum Foundation proposed the "Trillion Dollar Security" initiative in May this year, it announced the first round of implementation measures this week, focusing on enhancing user experience (UX) security, with particular attention to wallet security and the issue of blind signing. The Foundation stated that wallets are the starting point for Ethereum user security; if users cannot securely manage their private keys or sign transactions, it is difficult to ensure the safety of on-chain assets. Going forward, the Foundation will promote the establishment of minimum security standards for wallets and explore ways to make them more accessible for non-technical users. In addition, the Foundation will research converting transaction code into human-readable descriptions to reduce the risks associated with blind signing. The initiative is jointly led by Protocol Security Lead Fredrik Svantes and management team member Josh Stark. More priority projects in various security domains will be rolled out in phases, with the goal of enabling Ethereum to support "billions of users and trillions of dollars in on-chain capital."

According to ChainCatcher, citing Jintou, Capital Economics analyst Paul Ashworth pointed out that the minutes of the Federal Reserve's July meeting show that, apart from two members who voted against by favoring a rate cut in July, most officials generally agreed to keep rates unchanged. This sends a slightly hawkish signal for the September meeting. However, since the minutes predate the disappointing July jobs report, it is difficult to glean clues about the future from them. Powell's speech at Jackson Hole this week will provide deeper insight into whether a rate cut in September is already a foregone conclusion.