Monetary Policy

On August 7, data released by the U.S. Bureau of Labor Statistics completely overturned market expectations. July nonfarm payrolls fell by 23k, sharply deviating from the market expectation of an increase of 80k and coming in below the lower bound of every economist’s forecast range—the weakest performance since 2026. Meanwhile, May and June nonfarm payrolls were revised down by a combined 103k jobs: May was revised from +129k to +63k, and June from +57k to +20k. The deterioration in employment

According to Novaque Research, Bitcoin fell 0.2% during Asian trading on August 7, settling at $64,253.50. Cooling expectations for Federal Reserve rate cuts and persistent concerns over U.S. inflation continue to weigh on cryptocurrency demand, the analyst

On August 7, 2026, Beijing time, financial markets are simultaneously at the intersection of two major variables. The first variable comes from the U.S. labor market. The July NFP employment data due to be released tonight, Beijing time, is widely regarded by the market as a key basis for assessing the Federal Reserve’s next policy path—whether the U.S. economy is continuing to cool, whether the Fed has room to cut rates, and whether dollar liquidity will improve will all be reflected in the dat

Bitcoin fell to $64,312 on August 7, mainly due to stronger-than-expected U.S. employment data, which fueled expectations of an interest rate hike. The U.S. Department of Labor announced that initial jobless claims for the week ending August 1 totaled 199k, below economists’ forecast of 204k. CME FedWatch data showed that traders saw a 54.71% chance of a 25-bps rate hike in September. U.S. Initial Jobless Claims and Key Macroeconomic Indicators Based on the latest data from the U.S. Department o

According to BlockBeats, on August 6, U.S. Federal Reserve officials signaled a more hawkish stance despite July ADP employment gains of only 44,000. Officials including Kashkari, Cook, and Daley emphasized they would not rule out further rate hikes if inflation fails to improve consistently, signal

The Strait of Hormuz transit agreement has entered the final approval stage, oil’s three-day losing streak is repricing global inflation expectations, and gold surged 4% in a single day on a key technical breakout. At the same time, signals that the AI industry chain is shifting from “broad-based bullish conviction” to “earnings screening” mode have never been this dense: NVDA’s five-day winning streak coincided with SpaceX’s $225.2 billion single-day market-cap loss, SanDisk plunged after hours

Bitcoin edged up to $64,640 on Aug. 6. Santiment’s latest data shows that the number of active Bitcoin wallets surged to 712k last week, while the number of whale transactions worth more than $100k each reached 61,800. Santiment said the surge in activity was related to a vulnerability in Coldcard hardware wallets, with the loss of 2,055 BTC prompting investors to withdraw funds and strengthen their custody strategies. Key Bitcoin On-Chain Metrics at a Glance According to the latest data from Sa

From 16:00 to 16:15 UTC on August 5, 2026, BTC rose 0.34% over the 15-minute period, trading within a range of 64,392.2–64,609.8 USDT. Although the gain was limited, BTC moved against the broader trend in a market dominated by risk-off sentiment, attracting significantly increased attention. The primary driver of this move was the continued escalation of the U.S.-Iran military conflict. U.S. Central Command confirmed that it had intercepted 45 merchant ships, disabled two, and boarded and inspec

According to Korean media outlet MK, South Korea's government tax reform plan announced in 2026 did not include a proposal to further delay cryptocurrency taxation, meaning the 2027 timeline for taxing

According to Bank of Korea, the central bank established an Asset Tokenization Division under its Digital Currency Department on August 5. The new division will oversee the tokenization of government bonds and other assets as part of the bank's central bank digital currency (CBDC) strategy. The

According to Odaily, Aave founder Stani Kulechov recently published an analysis challenging Ethereum's EIP-8361 proposal, which aims to gradually reduce net staking rewards to zero by progressively burning consensus-layer issuance as staked ETH reaches 60.25 million (approximately 50% of total

The 13th meeting of the U.S.-U.K. Financial Regulatory Working Group (FRWG) was held in London on July 8 to discuss stablecoin regulation, implementation of the GENIUS Act, tokenization, and the U.K.’s digital strategy for wholesale financial markets. A joint statement issued on August 4 said that U.S. officials had briefed their U.K. counterparts on the implementation of the GENIUS Act. The Bank of England is considering abolishing the 40% non-interest-bearing deposit reserve requirement. 13th

According to Wintermute's weekly market report, the Federal Reserve maintained interest rates at 3.50%-3.75% this week in a 9-3 vote, with three officials—Hammack, Kashkari, and Logan—voting in support of a 25bp rate hike. This marks the second dissenting vote since Fed Chair Warsh took office.

The U.S. Treasury carried out one of the largest coordinated interventions in decades on July 31, with the U.S. estimated to have deployed $50k to $10 billion; as of August 4, USD/JPY remained near 157.7. QCP Capital analyzed that the intervention mainly affected the cryptocurrency market through the unwinding of yen carry trades: the yen’s rapid appreciation forced the deleveraging of risk-asset positions financed in yen, potentially triggering cascading selling pressure. Background of the Japa

Bitcoin and Ether exchange-traded funds recorded opposing flows through July 31, with Bitcoin ETFs losing $61.53 million while Ether ETFs gained $27.42 million. The divergence followed a Federal Reserve policy meeting that held the federal funds rate at 3.50% to 3.75% in a 9-3 vote, splitting

Bitcoin gained approximately 4% on July 2, moving close to $62,000 and extending to $64,000 over the weekend, following the release of June's U.S. nonfarm payrolls report that showed only 57,000 jobs added versus forecasts of roughly 115,000. The weak labor-market data strengthened expectations that