1. Trump states that he will not prematurely dismiss Powell, worried about disrupting the market.
On Friday, U.S. President Trump discussed the issue of Federal Reserve Chairman Powell's tenure in an interview. He stated that he is 'very likely' not to dismiss him before the end of his term, as someone suggested he should not do so because 'it would disrupt the market.' 'I wouldn't hesitate for a second to remove him,' Trump said, 'but they say it would disrupt the market. Anyway, he will be gone in seven or eight months, and I will replace him with my own person then.' Earlier on Friday, Trump also said Powell should resign like Federal Reserve Board member Adriana Kugler. - Original text
2. Federal Reserve's Williams states that the downward revision of employment data is the key news in the non-farm report.
On August 2, Federal Reserve's Williams stated that the unusually large downward revision of employment growth in May and June is the 'real news' in Friday's non-farm report. He will attend the meeting in September with an 'open mind' to discuss whether to cut rates. - Original text
3. Hong Kong's stablecoin regulations take effect, beware of false licensed fraud.
On August 2, the Hong Kong Monetary Authority officially issued a safety alert, warning against fraudulent claims of licensed stablecoins, as the Hong Kong (Stablecoin Regulations) officially took effect, and the regulatory system for stablecoin issuers began to be implemented simultaneously. The regulatory system is still in its infancy, and the regulatory approach will adopt a 'strict first, steady later' policy. With the implementation of the regulatory system, market participants should act cautiously when communicating with the public to avoid making statements that may cause misunderstandings or unrealistic expectations. According to the (Stablecoin Regulations), falsely claiming to be a license holder or applicant is illegal. As of today, the Monetary Authority has not issued any stablecoin issuer licenses, and the public should be wary of any stablecoins or stablecoin issuers claiming to be 'regulated' or 'licensed' in Hong Kong. After licenses are issued, the Monetary Authority will upload the list of licensed stablecoin issuers to its official website. - Original text
4. The UK FCA confirms that the ban on retail clients trading crypto derivatives is effective.
The UK Financial Conduct Authority (FCA) previously announced that it would open up retail investors to trade crypto ETNs, but the agency clarified that the ban on retail clients participating in crypto asset derivatives trading will continue to be effective, while it will continue to monitor market developments and consider its handling of high-risk investments. - Original text
5. The total liquidation amount across the network in the past 24 hours reached $368 million, with long positions accounting for over 80%.
ETH current price $3489.18, with a decline of 3.72% in the last 24 hours. The total liquidation amount across the network in the last 24 hours is $368 million, mainly from long positions, with ETH liquidations amounting to $117 million (31.73%). Data is for reference only. - Original text
6. Large traders increase short positions by 18,000 ETH, currently with a floating profit of $6.41 million.
According to Yujin monitoring, qwatio continued to increase short positions by 18,000 ETH (approximately $63.28 million) one hour ago and also increased short positions on XRP and SOL. Since opening the short position early yesterday morning, there is currently a floating profit of $6.41 million. He currently holds short positions in four tokens: BTC, ETH, XRP, and SOL, with opening amounts of 1, 2, 3, 4: short 1,111 BTC, short 2,222 ETH, short 3,333 XRP, short 4,444 SOL. - Original text
7. A certain address closed ETH long positions, losing over $17 million within five days.
On August 2, according to Lookonchain monitoring, due to market decline, some BTC and ETH long positions from address 0x0558 were liquidated. He has fully closed his ETH long positions and currently holds 640 BTC (worth $72.3 million) in long positions. Five days ago, his total profit exceeded $18 million, but now it's only $494,700—almost all gains have evaporated. - Original text
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