Recently, the Crypto Assets market has shown a strong Rebound trend, with the total market capitalization rising sharply by 6.1% within 24 hours, reaching a scale of $4.13 trillion. As a market barometer, Bitcoin steadily climbed by 3.8%, with a price touching $116,800. Ether performed even more impressively, briefly breaking through the ATH of $4,808. Other mainstream cryptocurrencies also generally recorded rises of 5% to 10%, creating a very positive market atmosphere.

Behind this wave of rising market, the latest statement from Federal Reserve Chairman Powell played a key role in driving the momentum. At the Jackson Hole meeting, Powell mentioned that due to increased risks in the labor market, a rate cut cycle may begin in September. This remark immediately ignited investors' enthusiasm, not only pushing cryptocurrency prices up but also driving the rise of the US stock market, while the dollar and Treasury yields fell. The market generally believes that Powell has released a clear signal for easing.

At the same time, the European Central Bank has also made new moves in the field of digital currency. It plans to issue a digital euro on public blockchains such as Ethereum or Solana, attempting to secure a significant position in the stablecoin space. This strategy is more open and innovative than those of other countries, but it has also sparked discussions on how governments should participate in blockchain governance. The specific implementation results of this plan are expected to be revealed by the end of the year.

In the institutional investment sector, asset management giant VanEck is laying out its plans for the Solana ecosystem. The company has applied for an ETF product based on the Solana liquid staking token JitoSOL, aimed at providing investors with a convenient way to earn staking rewards. Considering the current SEC's regulatory stance on Crypto Assets is still evolving, the approval outcome of this ETF will be widely watched by the market.

Overall, multiple positive factors, from macro policies to institutional participation and technological innovation, are driving the recovery and development of the Crypto Assets market. However, investors still need to closely monitor changes in the regulatory environment and market risks, making prudent decisions.