Tonight, U.S. August nonfarm payrolls rose by 162k, far exceeding expectations of 56k. The 10-year Treasury yield surged to around 4.79%, the rate-cut/rate-hike debate turned hawkish, and risk assets were collectively repriced—spot gold fell about 2%, U.S. stock index futures dipped sharply in the short term, and Bitcoin momentarily plunged below $80k, briefly falling to around $77.4k intraday before recovering to around $81k, down about 2% over 24 hours; Ethereum fell 2% to $2,456, SOL dropped 2.2% to $101.6, XRP fell 3%, and DOGE dropped 2.6%. Major coins were all in the red, while Polygon bucked the trend with a 2.57% gain as the only gainer.

1. Record ETF inflows: Bitcoin spot ETFs saw $731 million in net inflows in a single day, the highest since January this year, providing the core buying support for BTC to reclaim $80k overnight.

2. Macroeconomic inflection point: Strong nonfarm payrolls have revived the suspense over a September rate hike, with August CPI next week becoming the final variable; the 10-year Treasury yield is approaching its 52-week high of 4.81%, while tighter liquidity is suppressing risk appetite.

3. Regulation and industry: The U.K. and U.S. launched a joint alliance to combat crypto scam centers; a major miner is converting its mining facilities to AI infrastructure, with a potential scale of $1.2 billion, easing BTC selling pressure.$NVDA $ETH

‌$SK Hynix