1. According to CME's 'FedWatch' data, the probability of the Fed cutting rates by 25 basis points in September rose to 91.8% after the CPI data was released. Before the CPI announcement, the probability of a September rate cut was 82.5%.
2. Goldman Sachs: The CPI data met expectations, and the focus will shift to the labor market. Overall, this inflation report supports expectations for a possible 'insurance' rate cut by the Fed in September, which will be a key driver in the market.
3. The US and China will again suspend the implementation of a 24% tariff for 90 days starting August 12, 2025.
4. The Uniswap Foundation proposed adopting a decentralized, non-corporate, non-profit organization (DUNA) framework to pave the way for activating protocol fee switches.
5. Ethereum spot ETF saw a net inflow of $1.019 billion yesterday, setting a new historical high, with total net assets of the Ethereum spot ETF at $25.712 billion. The ETF net asset ratio (market cap compared to Ethereum's total market cap) reached 4.77%, with historical cumulative net inflows of $10.835 billion.
6. IP, BONK, and other altcoin treasuries are linked to US stock prices, but the prices of these coins appear to be immune to positive news.
7. The core shift in the cryptocurrency market is towards compliance-driven TradFi integration (stablecoin infrastructure + institutional DeFi), the revival of Ethereum ZK technology and L1 real value filtering, and MEME coins becoming a new liquidity center to replace inefficient altcoins—together constituting the core narrative of a new cycle.
8. FTX/Alameda reportedly redeemed and transferred 190,000 SOL today, distributing it to 29 addresses. Historical records show that most receiving addresses will subsequently transfer SOL to Coinbase or Binance. Since November 2023, FTX/Alameda has redeemed and transferred a total of 8.788 million SOL, and its staking address still has 4.727 million SOL staked.
9. Market sentiment is improving, with Peter Thiel-backed trading platform Bullish set to go public, its IPO target price raised to $4.82 billion. The previous target estimate was $4.2 billion;
10. Circle announced the launch of Arc, an open Layer-1 blockchain designed for stablecoin financial scenarios. Arc uses USDC as its native Gas, supports low and predictable dollar-denominated transaction fees, and features an institutional-grade foreign exchange engine for 24/7 automatic settlement between stablecoins.
11. According to Reuters, a US court judge stated during a hearing that Terraform Labs founder Do Kwon will plead guilty to two counts of conspiracy to commit fraud and wire fraud, involving a cryptocurrency crash valued at over $40 billion.
12. Today's cryptocurrency fear and greed index is 68 (down from 70 yesterday), with a weekly average of 60, indicating continued market 'greed' sentiment.
13. German Federal Statistical Office: An increasing number of companies are being forced to shut down. The number of regular bankruptcy applications in July 2025 rose by 19.2% year-on-year.
14. The privacy leader Monero suffered a 51% attack, allowing the rejection of blocks from other mining pools, leading to chain reorganization, double spending, or transaction censorship. The Qubic protocol successfully demonstrated control over the network, and Qubic claimed that this action was a technical demonstration rather than a malicious attack. The Qubic experiment successfully proved three key theories:
Outsourced computing is feasible: Qubic's UPoW model is a validated practical technology capable of repurposing computing power for external tasks.
Incentives determine consensus: Any proof-of-work blockchain can be attacked and controlled by providing superior economic incentives to its miners.
Infrastructure resilience: Qubic's decentralized network has demonstrated exceptional capabilities in resisting complex, sustained network attacks and recovery.
