CITIC Securities: Currently, the US Labor Market Remains Resilient, Low Probability of Fed Rate Cut in July
According to Jinshi data, CITIC Securities research report states that important US employment indicators include new non-farm employment, unemployment rate, unemployment claims, and job vacancies. From multiple dimensions of US employment data, the labor market currently remains resilient. Although US unemployment claims have risen and the 1-month private sector employment diffusion index is in the contraction zone, key indicators like new non-farm employment and unemployment rate demonstrate the resilience of US employment. Multiple stabilizing data support the Fed's observational approach to rate cuts. The Fed does not need to rush to cut rates, and the probability of a rate cut in July is low.
A Whale Deposits 8.04 Million USDC to Hyperliquid and Goes Long on SOL with 7x Leverage
According to Onchain Lens monitoring, a whale deposited 8.04 million USDC to Hyperliquid and opened a long SOL position with 7x leverage. The whale also holds long positions in XRP (5x leverage) and PUMP (2x leverage).
Vitalik: Nearly Half of Stakers Support Raising Ethereum L1 Gas Limit to 45 Million
On July 21, Ethereum founder Vitalik tweeted, "Almost exactly 50% of stakers voted to raise the L1 gas limit to 45 million. The gas limit has already started to increase, currently at 37.3 million."
White House to Release First Crypto Policy Report on July 22
On July 21, according to Cointelegraph, in accordance with Executive Order 14178, the White House will release its first crypto policy report this week on July 22.
OpenSea Changes Official X Avatar to Moonbirds, Causing 24.5% Floor Price Increase
OpenSea changed its official X avatar to Moonbirds with the text "gbird", causing the Moonbird floor price to rise 24.5%, currently at 1.799 ETH.
Trump: Coin Center Executive Director Provided the Best Bitcoin Concept Explanation So Far
US President Trump praised Coin Center Executive Director Peter Van Valkenburgh for his excellent explanation of Bitcoin in Congress, calling it the "best Bitcoin concept explanation so far".
Research: Bitcoin Volatility Higher Than Gold, Not Yet Sufficient to Replace Traditional Safe-Haven Assets
According to Decrypt, recent academic research explored the relationship between Bitcoin and gold as value storage tools. The research found that despite being called "digital gold", Bitcoin currently lacks gold's historical record, stability, and crisis resilience. Bitcoin's volatility is far higher than gold, and its correlation with traditional assets is unstable. Nevertheless, as the Bitcoin market matures and volatility decreases, its role as a portfolio diversification tool may be enhanced.
Trump: No Need for Anyone to Explain Powell's Dismissal Implications
The Wall Street Journal previously reported that US Treasury Secretary Besent recently privately explained why he believes Powell should not be removed. On Sunday, Trump responded on his Truth Social platform, stating he does not need Besent to explain how firing Powell would be detrimental to the market. Trump wrote, "The Wall Street Journal published a typical false report claiming Besent explained that firing the worst Fed chairman 'Mr. Too Late' Powell would harm the market. No one needs to explain this to me. I know better than anyone what is good for the market and what is good for America. If not for me, the stock market would not be at historic highs and might have already collapsed! So, make sure to get accurate information. I don't need others to explain things to me, I explain things to them!"
NFT Trading Volume Exceeds $140 Million Last Week, Highest Since Mid-January
On July 21, according to The Block, the recent rise in Ethereum price has boosted its NFT ecosystem, with on-chain trading volume reaching its highest level since mid-January. In the past week, Ethereum NFT trading volume reached $75 million, representing the majority of the total $143.5 million NFT trading volume across major blockchains. Compared to two weeks ago, Ethereum NFT trading volume significantly increased from $18.3 million. During the same period, Bitcoin-based NFT trading volume increased from $11 million to $25.6 million, while Polygon-based NFT trading volume slightly decreased.
Firing Powell? In Trump's Administration, Besent is a Key Opponent with Solid Reasoning
Trump has repeatedly hinted at potentially removing Fed Chairman Powell, but key advisors like Treasury Secretary Besent oppose this, believing it unnecessary and potentially harmful, and could trigger legal challenges and market turbulence. Besent suggests Trump exert influence through upcoming Fed position vacancies, while White House Budget Director Vought attempts to pressure Powell through audits and public opinion to make concessions or resign.
"Tweet as Token": Exploring Solana Ecosystem's New Platform Trends.fun with All-Star Lineup
Trends.fun is a SocialFi platform in the Solana ecosystem focused on "one-click tokenization of tweets", allowing users to easily convert tweets into tokens for trading. The platform leverages the DBC mechanism to prevent false social metrics from manipulating prices and has attracted support from several Solana community heavyweights. Despite its strong innovation, its model is easily replicable, and long-term development remains to be observed.
Public Conspiracy: How to Push $SIGN to $1
The article focuses on the SIGN project, emphasizing its value derives from consensus and narrative rather than fundamentals. It calls on holders to promote SIGN's development through staking, spreading ideas, and recruiting allies, while introducing the team's vision, technical capabilities, and global deployment. The core team needs to focus on product innovation, profitability, and content dissemination to win market recognition and collectively achieve the goal of pushing SIGN to new heights.
GENIUS Act Lands, How Should We Cautiously Approach the Stablecoin Narrative?
The US House of Representatives passed three crypto-related legislations, including the GENIUS Act, marking stablecoins' transition from the gray area to the mainstream financial system and establishing a national regulatory framework. Major global economies are accelerating stablecoin compliance policy formulation, driving their transformation from crypto tools to value bridges connecting real economies. However, compliance requirements also bring challenges, and stablecoins' future growth potential lies in cross-border settlement and global real economy, not just within the crypto ecosystem.
