OKX market data from Odaily Planet Daily shows that ETH has fallen below 3400 USDT, currently trading at 3396.07 USDT, a 24-hour drop of 4.63%. (This newsletter was generated with AI assistance.)

According to Odaily's OKX market data, SOL has fallen below 160 USDT, currently trading at 159.94 USDT, a 24-hour drop of 3.81%. (This newsletter was generated with AI assistance.)

According to crypto analyst Ai Yi @ai_9684 xtpa, a major cryptocurrency "whale" (presumably a "10-big target") closed out its BTC and ETH short positions an hour ago, generating cumulative profits of $7.494 million. Of this, its BTC short position generated $6.217 million in profits, while its ETH short position generated $1.277 million in profits.

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.

According to Odaily Planet Daily, the Hong Kong Monetary Authority may reduce the number of stablecoin issuer licenses to three or four in its initial phase. After communicating with the People's Bank of China, the HKMA realized that under the regulatory memorandum framework, the primary supervisory responsibilities and risks would be concentrated on itself. At present, many branches of Chinese banks in Hong Kong and branches of Chinese securities firms are actively preparing to participate in compliant stablecoin business, including Bank of China (Hong Kong), Bank of Communications (Hong Kong), China Construction Bank (Asia), CNCBI, Guotai Junan International, etc., and plans involve stablecoin issuance, custody and other aspects. Industry insiders have also reportedly pointed out that my country currently lacks a globally influential public blockchain. Some have also suggested that national-level backbone public blockchains should be led by central state-owned enterprises, while industry-level public blockchains can be driven by market competition. (Caixin.com)

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.