BlockBeats News, August 28th, according to CME's "FedWatch" data, after the initial jobless claims were released, the probability of a 25 basis point interest rate cut by the Fed in September is currently at 87.3%, with a probability of no rate change at 12.7%.

Earlier reports indicated that the initial jobless claims in the U.S. for the week ending August 23rd were 229,000, with an expectation of 230,000, and a revised previous value from 235,000 to 234,000.

BlockBeats News, August 28th, according to an official announcement, the U.S. Department of Commerce today announced that it will start publishing actual Gross Domestic Product (GDP) data on the blockchain from July 2025. Based on the revised estimates released by the Bureau of Economic Analysis, the GDP in July 2025 grew at an annualized rate of 3.3%. This is the first time a federal agency has published economic statistics in this way on the blockchain, and it is the latest initiative by the Department of Commerce to protect federal data using innovative technology and promote public use.

The Department of Commerce has released the official hash value of the 2025 quarterly GDP data (which in some cases also includes GDP aggregate data) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. Additionally, with coordination with Pyth and Chainlink oracles, this data has been further disseminated. The trading platforms Coinbase, Gemini, and Kraken assisted in promoting the Department of Commerce's data release. The Department of Commerce will continue to innovate and expand the scope of future data set releases (such as GDP), including using more blockchains, oracles, and trading platforms.

Through this milestone initiative, the Department of Commerce hopes to demonstrate the widespread applicability of blockchain technology while providing a proof of concept for the entire government and continuing the historic efforts of the Trump administration to establish the United States as a global blockchain hub.

BlockBeats News, August 28th, Tether Treasury minted an additional 1 billion USDT on the Ethereum blockchain 2 minutes ago.

BlockBeats News, August 28th, according to official sources, the U.S. Department of Commerce has chosen Pyth Network for on-chain economic data validation and distribution.

Initially, Pyth will provide quarterly GDP data for the past five years. Contributors to Pyth are expected to expand this initiative to include more economic datasets.

BlockBeats News, August 28th. According to official sources, the U.S. Department of Commerce is partnering with Chainlink to bring U.S. government macroeconomic data on-chain. These new Chainlink data sources will securely provide key U.S. economic data on-chain, including Real Gross Domestic Product (Real GDP), Personal Consumption Expenditures Price Index (PCE Price Index), and Real Final Sales to Private Domestic Purchasers.

This data will be updated on a monthly or quarterly basis as needed and will initially be made available on ten blockchain ecosystems, with initial support for the following blockchains: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Additional blockchain networks may be gradually supported in the future based on user demand.

BlockBeats News, August 28th, according to Bloomberg, the United States plans to put GDP data on the blockchain, marking the latest support from the Trump administration for the crypto industry. Commerce Department officials said this move would provide another avenue for releasing economic data, but not as a replacement for existing methods. The U.S. government initially plans to cover nine blockchains, including Bitcoin, Ethereum, and Solana.

BlockBeats News, August 28th, according to HyperInsight monitoring, "Big Brother Whale" Huang Licheng currently holds 20,899 ETH long positions, worth $96 million, with an unrealized loss of approximately $380,000. The opening price was $4,615.73, and the liquidation price was $2,725.4.

BlockBeats News, August 28th, according to on-chain analyst Yu Jin's monitoring, James Wynn, the "insider trader" @qwatio, AguilaTrades, and the "ETH long liquidation roller" have now reduced their positions to only James Wynn and the "ETH long liquidation roller," who are still engaged in "ant trading."

James Wynn obtained a $114,000 commission through the Hyperliquid referral link. He used the commission funds to open some ant trades, such as now having $10,000 in his address and opened a 10x long position on DOGE.

The "ETH long liquidation roller," after being liquidated consecutively the day before yesterday, continued to hold a long position in ETH with the remaining $60,000 in the address. After two days, it has now grown to $90,000.

Previously reported, on August 26th, James Wynn, the "insider trader" @qwatio, AguilaTrades, and the "ETH long liquidation roller" collectively reached a peak profit of $197.7 million. They have since returned most of the profits and even lost their initial capital.