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 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.

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)

Odaily Planet Daily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, said in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this round of market, which is the key to driving further increases in crypto assets.

Lee pointed out that investors have repeatedly underestimated every market recovery since 2020, calling the current rebound that began in April "the most underestimated V-shaped reversal in history." He said that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technological stability make it the preferred platform for Wall Street to promote tokenization.

Bitmine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share repurchase plan with the goal of cumulatively holding 5% of the ETH supply.

Lee also predicted that the Federal Reserve's upcoming interest rate cut cycle could push Bitcoin to $250,000. He believes that ETH, currently priced at $3,700, should be reasonably valued at $15,000 based on network fundamentals, emphasizing that "we are not at the top yet, we are only mid-cycle." (CoinDesk)

According to Odaily Planet Daily, Nasdaq-listed Fundamental Global announced that it will change its name to FG Nexus after completing a definitive agreement for a $200 million private placement financing. This will better support its Ethereum-based financial strategy, focusing on blockchain innovation and the tokenized real-world asset (RWA) market. Additionally, the company has established a trust fund, FG CVR Trust, in Delaware to monetize and distribute proceeds from the liquidation of legacy assets and businesses. (Globenewswire)

According to Odaily Planet Daily, Trump's second son Eric Trump posted on the X platform: Once again, buy BTC and ETH on dips.

Odaily Planet Daily reports that Nasdaq-listed Trump Media & Technology Group (DJT) released its second-quarter 2025 financial report. As of June 30, its financial assets reached approximately $3.1 billion, an approximately 800% year-over-year increase. This growth was primarily driven by the company raising nearly $2.4 billion for its Bitcoin funding strategy, accumulating approximately $2 billion in Bitcoin and related assets in July, making it one of the largest publicly listed companies in terms of Bitcoin holdings.

The report also showed that DJT achieved positive operating cash flow for the first time this quarter, reaching $2.3 million, but had a net loss of $20 million.

In addition, the company's platform Truth+ plans to launch a reward mechanism and embed utility tokens in digital wallets. The tokens can be used to pay subscription fees in the early stage and will be expanded to other services in the Truth ecosystem in the future.

DJT has also filed registration statements for several ETFs, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF. (Globenewswire)

According to on-chain analyst Ali (@ali_charts), the number of daily active addresses of Ethereum (ETH) has increased to 841,100, setting a record high in the past year.

According to Odaily Planet Daily, an unidentified whale address has recently purchased a total of 331 million PI tokens, with a total value estimated at approximately $148.5 million at current prices. This may be a strategic buyback operation. (Cointelegraph)