E-mini S&P 500 futures and E-mini Nasdaq-100 futures rallied following dovish comments from Federal Reserve Governor Christopher Waller, which pushed the 10-Year Treasury Note yield down to 4.76%. CME FedWatch Tool data indicated the probability of a rate hike fell to 50%. On the economic front, U.S. second-quarter worker productivity rose 1.4% annualized, while weekly jobless claims landed near expectations at 206,000. The July U.S. trade deficit widened sharply on strong import demand, and the ISM Non-Manufacturing PMI reflected solid service sector expansion. In equity index options, E-mini S&P 500 put volume hovered around 70%, while implied volatility slipped below 10%. Meanwhile, Bitcoin futures surged past $81,000 to hit multi-month highs, accompanied by robust trading volume in Micro Bitcoin futures. Scott Bauer of Prosper Trading Academy breaks down the market moves across equity index futures, interest rates, economic releases, options activity, and cryptocurrency.