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LINK $8.80 -0.04%
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Macroeconomic policy expectations continue to change, and Gate institutions are continuously upgrading their professional trading infrastructure

In July, the US CPI rose by 0.1% month-on-month and 3.4% year-on-year, while the core CPI increased by 2.5% year-on-year, overall in line with market expectations. As the market continues to assess the Federal Reserve's subsequent policy path, the impact of macro changes on asset allocation and trading strategies is continuously strengthening, further enhancing institutions' focus on liquidity management and trading execution efficiency.Against this backdrop, Gate institutions are continuously improving professional trading infrastructure. According to the transparency report released by the platform in July, Gate CrossEx added one mainstream exchange and 23 trading pairs, launched RPI Orders, reduced the highest fees of multiple exchanges by 50%, and introduced new APIs for market data, funding rates, batch order cancellations, and several WebSocket features; by optimizing concurrent order placement and execution feedback delays, system performance improved by 50%, while the launch of Colo services further reduced trading latency.In addition, SuperLink continues to optimize Fireblocks Gas management and settlement processes, further enhancing institutions' cross-platform asset management and trading collaboration capabilities. In the future, Gate institutions will continue to advance infrastructure upgrades around core capabilities such as trading execution, liquidity, and cross-platform collaboration, providing professional investors with more efficient and stable institutional-level trading services.

Data: In August, Bitcoin may maintain a range of $58,000 to $67,000, with a breakthrough still requiring macroeconomic and capital catalysts

CryptoQuant analyst Axel Adler Jr. released the August Bitcoin market outlook, stating that BTC is currently down about 50% from the cycle high of $126,200 set in October 2025, with prices approaching the on-chain average holding cost. It is expected that August will likely maintain a volatile trend. The report suggests that the most probable scenario for August (with a probability of about 55%) is that BTC will trade in the range of $57,700 to $67,000, potentially closing at $60,000 to $64,000 by the end of the month.The bearish scenario (30% probability) involves a drop below $57,700, further testing the on-chain realized price of about $52,800; the bullish scenario (15% probability) requires a stable position above $67,000, along with continuous inflows of ETF funds, a decline in U.S. Treasury yields, and a weakening dollar, targeting $71,000 to $74,000. The current valuation is close to the on-chain cost area, and the spot Bitcoin ETF continues to see net inflows, providing support for the market; however, the high interest rate environment, sustained high U.S. Treasury yields, and a relatively strong dollar still limit the upside potential for risk assets. The report also reminds to pay attention to the impact of macro events such as U.S. non-farm employment, CPI, and the Jackson Hole central bank annual meeting on market liquidity.

The decentralized data infrastructure project Permacast has completed a total of $8.9 million in financing, with participation from OKX Ventures and others

According to the New York Daily, the decentralized data infrastructure project Permacast based on Permaweb announced the completion of its Series A funding round on January 15, 2025, raising over $5 million. Combined with the previously completed seed round and Pre-A round, the total funding raised by the project has reached $8.9 million.This round of financing received support from several leading Web3 funds, technology investment institutions, and strategic angel investors. Seed round investors include OKX Ventures, Big Brain Holdings, ChainVision, Foresight Research, and Digital Humanism (DRF); Pre-A round investors include ClearingPoint, 7 O'Clock Capital, Cipholio Ventures, SilverFox Foundation, and a number of private investors; Series A round investors include CoinSummer, angel investor Tomasz Boryniec, Waterwood Investment (Tsinghua), Scorpio VC, and a number of private investors.Permacast stated that as AI models reshape the way information is created and utilized, the demand for trustworthy, permanent, and verifiable data infrastructure is growing. The new funds will be used to accelerate protocol development, expand decentralized network infrastructure, strengthen ecological cooperation, and expand the engineering and product teams. The team stated that a permanent, verifiable, and open data network will become the foundational infrastructure for future intelligent applications.

hot_img Domestic immersion DUV lithography machines have started small batch production, with plans to deliver about 5 units this year

According to a report by The Information citing informed sources, a Shanghai state-owned company whose name has not been disclosed has begun producing domestically-made immersion DUV lithography machines, planning to manufacture about 5 units this year and increase to about 20 units by 2027. The first batch of equipment will be delivered to major foundries such as SMIC, Hua Hong Semiconductor, and ChangXin Technology, but the equipment still needs to undergo verification for accuracy, stability, and production line compatibility, a process that may take several months or even longer.Currently, most components of the equipment come from domestic sources, but some key parts still rely on Japan, and the performance and manufacturing quality lag behind ASML. In comparison, ASML is set to deliver about 131 immersion DUV lithography machines as early as 2025. Although domestic equipment has made the leap from prototype testing to small-scale production, there is still a significant gap before it can replace ASML on a large scale. Previously, Reuters reported that the U.S. is considering tightening restrictions on the export of lithography equipment to China and on maintenance services in China, and the delivery of domestic equipment coincides with this backdrop.
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