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Jinse Finance reported that Peter Cardillo, Chief Market Economist at Spartan Capital Securities, stated, "I don't think Powell has changed his tone. On one hand, he says the economic fundamentals are solid, but at the same time, he also points out there is weakness. What he is doing is preparing the market for a series of rate cuts, but not necessarily in sequence. His words suggest that he will cut rates by 25 basis points at the end of this month, after which the Federal Reserve will assess the situation. If the labor market continues to weaken, leading to a decrease in jobs, then he may prepare for a significant 50 basis point rate cut in December. He is preparing the market for rate cuts, but he also doesn't want the market to think that rate cuts are inevitable. He is using the weakness in the labor market as a hedge."

Foresight News reported that Monad co-founder Keone tweeted that due to excessive load on the Privy server, some users are unable to complete identity verification in the Monad claim portal. Privy is working to resolve this issue.