The latest U.S. retail data is concerning, suggesting that the economy may face the risk of stagflation. Stagflation, as an economic phenomenon, is even more harmful than Inflation, which could have a negative impact on the performance of the U.S. stock market.

Analysts predict that the US stock market may face adverse conditions tonight. More concerning is that if US stocks perform poorly, it could trigger a chain reaction over the weekend, especially considering the impact of the Ethereum (ETH) unlocking event, which will not stop just because it is the weekend.

Meanwhile, the cryptocurrency market is also facing other potential risks. It has been reported that an important market maker has shifted from the Binance platform to the Gate exchange. Although the specific details are not clear, this change is likely to have a negative impact on the market.

In this complex economic environment, investors need to closely monitor various market signals, including the situation where the year-on-year Producer Price Index (PPI) for the U.S. in July exceeds expectations. These factors collectively constitute important risk points in the current financial market, requiring market participants to remain vigilant and adjust their investment strategies accordingly.