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On August 25, concerns over dollar depreciation intensified due to the widening U.S. fiscal deficit, government debt surpassing $40 trillion, and the impact of the Treasury's bond buyback plan. Gold and emerging market currencies have strengthened recently, with gold rising for the fifth consecutive week and expected to achieve its largest monthly gain since 1999 in August. The dollar index fell to a three-month low last week. The U.S. Treasury raised the maximum scale of long-term Treasury bond buybacks from $2 billion to at least $4 billion and may utilize about $1 trillion from the Treasury General Account (TGA) to support the buybacks. However, the yield on 30-year Treasury bonds rose to 5.34%, indicating that the market believes the buybacks will struggle to reverse the long-term pressures from fiscal deficits, inflation, and debt supply. The market has also begun to re-bet on Fed interest rate hikes, with federal funds futures showing that the probability of a rate hike at the Fed's October meeting has risen to about 56%, an increase of over 7 percentage points from a week ago. Some institutions believe that without cooperation from fiscal policy, the current 'dollar depreciation trade' is unlikely to establish a definitive trend. Meanwhile, gold, resource-based emerging market currencies, and commodities may become beneficial assets in an environment where the dollar is under pressure. Deutsche Bank analysts even suggest that gold could break the target price of $4,800 per ounce.

On August 25, sources revealed that cryptocurrency custody company Copper is attracting interest from potential buyers, but the current two to three acquisition offers are around $200 million, significantly lower than the approximately $500 million valuation sought by investment bank Cantor Fitzgerald in May of this year. Copper was valued at up to $2.5 billion during the 2021 bull market and has raised over $300 million in total funding. The company closed its corporate custody business in 2023 and shifted its focus to the institutional settlement system ClearLoop.

On August 25, sources revealed that cryptocurrency custody company Copper is attracting interest from potential buyers, but the current two to three acquisition offers are around $200 million, significantly lower than the approximately $500 million valuation sought by investment bank Cantor Fitzgerald in May of this year. Copper was valued at up to $2.5 billion during the 2021 bull market and has raised over $300 million in total funding. The company shut down its corporate custody business in 2023 and is now focusing on its institutional settlement system, ClearLoop.