Most crypto sectors rose, Layer2 sector rose by more than 3%, BTC and ETH fell slightly

PANews reported on August 29 that according to SoSoValue data, the U.S. Q2 GDP upward revision exceeded expectations, Federal Reserve Director Waller supported a 25bp interest rate cut in September. Fed's positive news occurred frequently at the macro level, and most of the crypto sectors rose, among which, the Layer2 sector rose by 3.03% in 24 hours. In the sector, Mantle (MNT) and ex-MATIC (POL) rose by 5.20% and 7.21% respectively. It is worth noting that Bitcoin (BTC) and Ethereum (ETH) fell 0.18% and 1.45% respectively in 24 hours. BTC still fluctuated around US$111,000, while ETH fell below US$4,500. In other sectors, the DeFi sector rose 1.58% 24 hours, among which Chainlink (LINK) rose 2.69% and Python Network (PYTH) rose 99.74%. On the news, the US government announced that it would cooperate with Chainlink and Python to release key economic data including GDP and PCE on the blockchain; the Layer1 sector rose 1.37%, and Solana (SOL) rose 4.85% in the sector; the CeFi sector rose 0.49%, and Binance Coin (BNB) rose 2.24%, but Cronos (CRO), which had a larger increase, showed a pullback, down 12.75%; Meme The sector rose 0.27%, while Pump.fun (PUMP) and BUILDon (B) rose 12.88% and 20.01% respectively. The PayFi sector fell for two consecutive days, down 1.35% in 24 hours. Within the sector, XRP, Monero (XMR) and Telcoin (TEL) fell 1.10%, 3.46% and 5.23% respectively. The crypto sector index reflecting the historical market of the sector shows that the ssiLayer2, ssiDePIN, and ssiSocialFi indexes rose by 3.10%, 0.96%, and 0.93%, respectively.