According to Odaily Planet Daily, Fed Chair Williams said the unusually sharp downward revisions to job growth in May and June were the "real news" in Friday's non-farm payroll report. The Fed will approach its September meeting with an "open mind" to discuss whether to cut interest rates. (Jinshi)

According to Odaily Planet Daily, Federal Reserve Board Governor Kugler's sudden resignation on Friday presents President Trump with an opportunity to fill the Fed vacancy sooner than expected, potentially forcing him to finalize his next chairmanship months in advance. Derek Tang, an economist at the monetary policy analysis firm LH Meyer, said, "The ball is now in Trump's court. He has been pressuring the Fed to install his own candidate. Now is his chance." While Powell's term as chairman ends in May of next year, his term as a governor runs until 2028. If Powell doesn't resign voluntarily, Trump won't have another chance to fill the vacancy before 2028. In this scenario, Trump might be forced to replace Kugler with a candidate he might promote as chairman. Tobin Marcus, head of U.S. policy and political strategy at Wolfe Research, noted, "The key is that this is the only vacancy Trump can fill. If he wants to find the next Fed chair from outside, the nomination could be announced earlier." (Jinshi)

According to Odaily's OKX market data, BTC has fallen below 113,000 USDT, currently trading at 112,982.2 USDT, a 24-hour drop of 2.12%. (This newsletter was generated with AI assistance.)

According to crypto analyst Ember (@EmberCN), since opening short positions early yesterday morning, an insider whale has realized a $6.41 million profit. Their current short positions include 1,111 BTC, 22,222 ETH, 3.33 million XRP, and 444.44 million SOL, in the order of 1, 2, 3, and 4.

According to crypto analyst Ai Yi @ai_9684 xtpa, an insider whale has opened 20x short positions of 3,333,333 XRP and 44,444.44 SOL at opening prices of $2.93 and $164.18, respectively, over the past two minutes. The total value of these short positions has now exceeded $221 million, with a current unrealized profit of $6.01 million.

1. Arthur Hayes responded to the sell-off: BTC is expected to test $100,000 and ETH will test $3,000; 2. Eric Trump: Again, buy BTC and ETH on the dips; 3. The chairman of Ethereum treasury company Bitmine: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000; 4. FG Nexus announced the launch of its Ethereum financial strategy and the establishment of the trust fund FG CVR Trust; 5. Trump Media & Technology Group's Q2 financial report revealed that it holds approximately $2 billion in Bitcoin, with financial assets increasing by 800% year-on-year; 6. Analyst: ETH daily active addresses rise to 841,000, a nearly one-year high; 7. One address has accumulated approximately $148.5 million in PI. 8. A whale withdrew approximately $36 million in ETH from the CEX; 9. Eugene: I'm long ETH again, and $3,500 is a reasonable entry point; 10. Binance Alpha will list DarkStar (DARK) on August 4th. 11. Binance: Alpha users with at least 200 points can claim a 750 AIO airdrop today at 6:00 PM.