july

Bitget's latest data shows that in July, the platform's TradFi contract trading volume exceeded $100 billion, with a single-day peak trading volume reaching $10 billion, reflecting the growing demand from global users for trading traditional financial assets in the crypto derivatives market.As the core growth engine of the TradFi sector, Bitget's stock perpetual contracts demonstrate a high market penetration rate. Currently, about one in every three contract trades on the platform comes from stock perpetual contracts. As of the time of writing, Bitget has supported 272 popular US stock and ETF contract targets.

Goldman Sachs analyst Robert Kaplan stated that the Federal Reserve's decision not to raise interest rates in July was "absolutely" correct and urged policymakers to keep an open mind before September, citing the complex factors influencing inflation, and that rigid forward guidance could be counterproductive.Kaplan said, "If I see meaningful improvement, I might be willing to stay put, but I want to make full use of every moment before September to make judgments, avoiding rigidity or preconceived notions." Kaplan believes that the current forces at play include: inflationary pressures from AI development, tariffs, labor constraints, and soaring oil prices; meanwhile, the application of AI works in the opposite direction, accelerating the trend of declining inflation.He stated that Waller should use his speech at this month's Jackson Hole symposium to briefly explain the reasons for the Federal Reserve's inaction in July, rather than delivering a purely "philosophical" speech. Kaplan expressed that his concerns about long-term U.S. Treasury yields are greater than his concerns about the federal funds rate itself.He indicated that the rise in long-term Treasury yields globally reflects a structural supply-demand imbalance driven by persistent large fiscal deficits, rather than Federal Reserve policy.

The U.S. July PPI annual rate is 4.7%, expected 4.9%, previous value 5.50%.

According to The Block, Robinhood's nominal cryptocurrency trading volume in July decreased by 33% month-over-month and by 62% year-over-year to $10.9 billion. Among them, the nominal cryptocurrency trading volume on the Robinhood app decreased by 74% year-over-year to $4.3 billion, while Bitstamp's trading volume decreased by 45% to $6.6 billion.

The digital asset trading platform Gate released its transparency report for July 2026. The report shows that the platform has maintained growth in multiple areas including trading, TradFi, and innovative businesses, strengthening the global multi-asset ecosystem that connects digital assets with traditional capital markets. In July, Gate launched zero-fee trading for US stocks and ETFs, and introduced features such as gStocks, stock copy trading, and account asset interest generation, covering over 12,500 stock and ETF assets, with the number of ETF products increasing to 386 trading pairs and a monthly trading volume of approximately $20 billion. Meanwhile, the cumulative subscription amount for Pre-IPOs of OpenAI exceeded $260 million, indicating a continued increase in global demand for high-quality pre-IPO asset allocation.Gate's innovative business also continued to strengthen in July. The average daily trading volume in the event contract market increased by over 13% month-on-month, with daily trading volume consistently ranking among the top three globally, and market share once exceeding 36%, setting a historical record; CandyDrop contracts surpassed $4.6 billion, and the cumulative staking amount for Launchpool reached $490 million, with SLX peak APR exceeding 135%, breaking the platform's historical record. According to CoinDesk data, Gate has also made significant achievements in promoting the integration of traditional finance and digital assets, with the trading volume of RWA perpetual contracts across the network rising to $460 billion in July, setting a historical high. Gate holds a 4.39% market share, ranking among the top three global centralized trading platforms, becoming an important leader in this sector. Additionally, Gate's futures trading volume reached $276 billion in July, with a derivatives market share of 9.08% and an open interest market share of 11.2%, firmly maintaining its position among the top two retail trading platforms. As stocks, ETFs, gStocks, Pre-IPOs, direct IPOs, and innovative trading products continue to improve, Gate is constantly expanding its global asset trading and investment service capabilities.

The U.S. Treasury Department announced that the budget deficit for July was $432 billion, exceeding market expectations of $346 billion, compared to a budget deficit of $291 billion in the same period last year.

In July, the seasonally adjusted core CPI in the United States recorded a month-on-month increase of 0.2%, rebounding from the previous month and meeting market expectations.

The U.S. July seasonally adjusted core CPI year-on-year is 2.5%, expected 2.50%, previous value 2.60%.

The U.S. July seasonally adjusted CPI annual rate is 3.4%, expected 3.4%, previous value 3.50%.

The US July CPI report will be released tonight at 20:30. The market generally expects that the decline in gasoline prices will lower inflation, further weakening interest rate hike expectations, but the conflict in the Middle East has not subsided, and core service inflation remains sticky.

The weekly change in ADP employment in the United States for the week ending July 25 was an increase of 8,250 people, compared to a previous value of 15,000 people.In the four weeks ending July 25, 2026, private sector employers added an average of 8,250 jobs per week.

Dongfang Gangwan Chairman Dan Bin responded to investors' doubts, stating that Changjiang Dongfang Gangwan No. 2 is still fully invested. Before the deep correction in July, the fund heavily invested in AI industry chain targets, maintaining its positions without significant reductions, and has experienced a considerable pullback following the AI sector.In 2023, Dongfang Gangwan seized the global AI core opportunities represented by Nvidia, but started its layout in the domestic A-share AI industry chain relatively late, fully committing to heavy investments only by 2026.During the significant market drop in July, Dongfang Gangwan did not panic sell or make large reductions, only making very minor structural adjustments.

Nomura Securities stated that the scale of the intervention by the Japanese Ministry of Finance may exceed the levels seen from late April to early May, with an estimated intervention scale of approximately 14.1 trillion yen (equivalent to 88 billion USD) during the period from July 30 to August 3, surpassing the total intervention amount of 11.7349 trillion yen on April 30, May 4, and May 6.

Lianxin Bank stated that the CPI report for July released on Wednesday and the PPI report on Thursday may have a greater impact on the Federal Reserve's decision than employment data. Economists expect the year-on-year increase in CPI to drop from 3.5% in June to 3.4%. Bill Adams, the chief economist at Lianxin Bank, pointed out that if the data develops as expected, it will support the Federal Reserve's decision on September 16, and the inflation data for July will have a greater impact on the decision than this month's employment report.

According to The Block, New York-listed fintech company Broadridge announced that its Distributed Ledger Repo (DLR) platform processed over $8 trillion in transactions in July, averaging about $365 billion per day, a year-on-year increase of 28%.DLR allows companies to use distributed ledger technology to settle repo transactions in existing trading and post-trading environments, enabling real-time financing and tokenized collateral liquidity. In addition, Broadridge also offers on-chain proxy voting and governance services, as well as digital asset infrastructure management.

Economists say that the mixed July employment report released last week has heightened the importance of inflation data. LPL Financial Chief Economist Jeffrey Roach pointed out that the path of the Federal Reserve's interest rate hikes will depend on how long inflation remains elevated.Vanguard analyst Hicklin believes that the July employment report and the expected improvement in inflation will strengthen the Federal Reserve's reasons to hold steady before the end of the year. Recent data releases have bolstered market confidence that the Federal Reserve will keep interest rates unchanged this year.

According to The Defiant, the monthly fund flow report released by 21Shares on August 10 shows that in July, global cryptocurrency exchange-traded products (ETPs) had a net inflow of $600 million, marking the first month of net inflow since April. Among them, Ethereum-native products attracted $350 million, about twice that of Bitcoin-native products at $176 million, while XRP, Solana products, and a basket of products saw inflows of $34 million, $13 million, and $7 million, respectively.The report states that July reversed the previous brief and intense redemptions. Bloomberg data shows that $2.5 billion and $4.4 billion flowed out of cryptocurrency ETPs and ETFs in May and June, respectively, following a net inflow of $2.9 billion in April. Although Ethereum led in subscriptions, Bitcoin products still dominated trading, with a global trading volume of cryptocurrency ETPs and ETFs in July reaching $133.3 billion, of which Bitcoin accounted for 78.5%, Ethereum 11.1%, other assets 9.1%, and Solana 1.3%. The inflow of funds into Ethereum is based on a much smaller active base, rather than a large-scale withdrawal from Bitcoin products.

According to The Block, Immunefi's latest data shows that the cryptocurrency industry lost approximately $110 million due to hacker attacks in July.During the same period, the platform paid researchers $2.32 million for confirmed vulnerability reports, with the number of confirmed and completed bounty reports increasing by 18% month-over-month.The report indicates that its audit competitions can average 6.2 critical vulnerabilities per event, compared to 1.5 for first-level audits; in July, a total of 374 threats were mitigated through the bounty program.

TSMC announced its revenue report for July 2026, with consolidated revenue of approximately NT$467.58 billion (about US$14.3 billion), a quarter-on-quarter increase of 5.6% and a year-on-year increase of 44.7%. The cumulative revenue from January to July 2026 was approximately NT$2.872 trillion (about US$87.9 billion), a year-on-year increase of 37.0%.In its second-quarter financial report, TSMC stated that demand related to AI remains strong, with HPC and advanced process orders being the main growth drivers. It is expected that annual revenue in US dollars can achieve a mid-to-high double-digit growth. The company is actively promoting the expansion plans for advanced processes such as 2nm and 1.4nm, while the capacity for advanced packaging like CoWoS is also continuously expanding.