Euphoria, a crypto derivatives trading platform, announced the completion of a $7.5 million seed round of funding, led by Karatage, Figment Capital, and Robot Ventures, with participation from Bankless Ventures, First Commit, Hash 3, Comfy Capital, and Kosmos Ventures. (The Block)

According to Odaily Planet Daily, Greeks.live macroeconomic researcher Adam released a Chinese community briefing, noting that the group is generally optimistic about the market, with particular attention paid to $4,000 as a key resistance level for Ethereum and the impact of interest rate cut expectations on the market. Most traders believe a reversal is possible in mid-to-late August, but remain cautious about short-term fluctuations, believing that the current low volatility environment is more suitable for option selling strategies. Trump's executive order, which plans to allow 401(k) pensions to invest in cryptocurrencies, is boosting market sentiment. However, traders caution that similar policies have historically had limited effectiveness, and current funding rates and long-short ratios do not support a significant increase.

According to the monitoring of on-chain analyst Yu Jin, several whales with similar investment strategies seem to have similar endings so far: aggressive rolling strategies, from small capital to large profits, and then to large losses or even losing everything. 1. James Wynn: He achieved a profit of $87 million by the end of May, but later lost all of that profit and incurred a loss of $21.77 million in principal. At his peak, he opened a massive $1.23 billion long BTC position on Hyperliquid at the end of May. 2. AguilaTrades: Currently has a loss of $40 million. 3. “Insider Whale”: @qwatio used $3 million to make a profit of $26 million, and then lost everything.

According to an official announcement from Odaily Planet Daily, Binance will launch the YALAUSDT perpetual contract at 4:30 PM (UTC) on August 7, 2025, and the CARVUSDT perpetual contract at 4:45 PM (UTC), both supporting up to 50x leverage. (This newsletter was generated with AI assistance.)

According to Odaily Planet Daily, Fed President Bostic stated that given the complexity of the current situation, it would not be surprising if dissenting opinions continue to emerge at Federal Open Market Committee meetings. Policy decisions are more difficult now than they were 12 months ago; the risks facing the two major policy objectives are shifting. People always complain about the Fed; it's part of the job.

According to Odaily Planet Daily, Fed President Bostic expressed hope that price pressures will ease by the middle or end of next year, and that a return to a neutral interest rate will begin in 2026. (Jinshi)