nomic

According to ChainCatcher, Guangdong Province's first special financial product for the token economy, "Token Loan," was launched in the Haizhu District of Guangzhou. Taking Bank of China Guangzhou Branch as an example, a dedicated financing product specifically developed for small and micro enterprises in Haizhu's computing power sector—the Computing Power Token Loan—has been introduced. The credit limit is determined based on the contract/token consumption amount and can provide guarantees mainly through credit, accounts receivable pledges, and order financing. It can also combine guarantees, mortgages, and other forms of collateral to further expand the credit limit. New companies can apply for financing based on orders if they provide continuous operation proof materials from their original operating enterprises or offer guarantees. It is reported that the initial credit funding from Bank of China has reached 28 million yuan.

U.S. stock index futures were little changed after the economic data was released.

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.

According to the disclosure from the Common platform, Sushi DAO has released an RFC proposal to comprehensively restructure the SUSHI token economic model. The proposal suggests replacing the current xSUSHI fee distribution mechanism with a more balanced framework, specifically including: reducing the xSUSHI buyback scale to a sustainable level, establishing a protocol reserve (SUSHI Reserve) through weekly regular purchases of SUSHI, and allocating the remaining protocol revenue to Sushi Ops for operations and growth.In addition, the proposal also plans to migrate part of the protocol liquidity deployment to the Robinhood Chain. Currently, the proposal is in the RFC (Request for Comments) stage, pending community discussion and governance voting.

White House economic advisor Kevin Hassett stated that he would not succeed Lisa Cook if the Federal Reserve Board member were to be removed from her position due to related allegations.Hassett mentioned that the allegations against Cook are matters under investigation by law enforcement and expressed, "I hope Cook is innocent." Previously, Cook had been challenging the Trump administration's attempts to remove her from her position as a Federal Reserve Board member.Regarding monetary policy, Hassett indicated that if he were involved in decision-making, he would lean towards maintaining the current interest rate levels or implementing rate cuts. He believes that inflation in the United States is easing, while the growth momentum on the supply side remains strong, providing room for a more accommodative policy environment.

According to Jinshi, Federal Reserve Governor Cook stated that the current economy is resilient and the pace of expansion is steady.

According to Jinshi reports, the survey shows that business activity in the Eurozone rose to its highest level in eight months in July, driven by a recovery in the services sector and ongoing improvements in manufacturing.The S&P Global Eurozone Composite PMI rose to 52 in July, above the neutral level of 50 in June, marking the first time this index has entered the expansion zone since March.The Eurozone Services PMI rose to 51.7 in July, reaching a five-month high, up from 49.4 in June.

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.

According to Jinshi reports, on August 5, 2026 (Wednesday), attention will be focused on several important financial data and events, including 14:45 France June Industrial Production MoM, 15:50 France July Services PMI Final, 15:55 Germany July Services PMI Final, 16:00 Eurozone July Services PMI Final, 16:30 UK July Services PMI Final, 17:00 Eurozone June PPI MoM, 20:15 US July ADP Employment Change, 21:45 US July S&P Global Services PMI Final, 22:00 US July ISM Non-Manufacturing PMI, and 22:30 US EIA Crude Oil Inventories for the week ending July 31.In addition, Federal Reserve Governor Cook will give a speech on the economic outlook the following day at 04:05.

According to Jinshi reports, Federal Reserve's Schmid stated that the overall economic performance is good, and the growth is resilient.

According to Jinshi reports, former Iranian Foreign Minister Javad Zarif warned that if Iran fails to reach a final agreement with the United States within the proposed 60-day negotiation period, it may face further economic difficulties, domestic turmoil, or a new round of military strikes.

According to a report by Jinshi, the economic bulletin released by the European Central Bank on Monday pointed out that after the outbreak of the Iran war, household consumption in the Eurozone has significantly declined, mainly due to a sharp deterioration in consumer confidence. In April of this year, the decline in Eurozone consumption reached twice the historical trend forecast level, with the scale of impact comparable to the household consumption response after the outbreak of the Russia-Ukraine conflict in early 2022.Data shows that since mid-2024, the nominal consumption growth rate in the Eurozone has averaged around 3% to 4%, but in April of this year, it dropped to about 2.5% year-on-year. The slowdown in consumption is mainly driven by higher-income households reducing non-essential spending.

According to Jinshi reports, multiple important economic data and events will be released this week. On Monday, China's July Manufacturing PMI and the U.S. June Construction Spending Month-on-Month will be announced; on Tuesday, attention will be on the U.S. June Trade Balance and JOLTs Job Openings; on Wednesday, the U.S. ADP Employment Change and ISM Non-Manufacturing PMI will be released; on Thursday, Switzerland's unemployment rate and the U.S. Initial Jobless Claims will attract attention; on Friday, key data including the U.S. July Unemployment Rate and Non-Farm Payrolls will be announced. In addition, SpaceX's financial report will be released after the U.S. stock market closes on Tuesday.

According to Jinshi reports, the Ministry of Commerce stated that the U.S. practice of including Chinese companies in the so-called Xinjiang-related entity list has no factual basis and is a typical act of economic coercion. The U.S. measures seriously harm the legitimate rights and interests of the relevant enterprises and undermine the stability of global industrial and supply chains.China urges the U.S. to immediately stop its attacks and smear campaigns against Xinjiang, cease manipulating the so-called "forced labor" issue, and will take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises.

According to Jinshi reports, several important events occurred domestically and internationally yesterday. The China Securities Regulatory Commission approved the registration of coking coal options, and the Beidou satellite navigation system completed its in-orbit upgrade. The State Administration for Market Regulation launched price compliance guidance for the photovoltaic industry, and the three major telecom operators will stop issuing cards through third-party internet channels.On the international front, the Bank of Japan maintained its interest rates, and the South Korean KOSPI index recorded its largest single-day increase in history. Hawkish pressure within the Federal Reserve is rising, with several officials supporting interest rate hikes.

According to Jinshi reports, Iain Simmons, an analyst at the Oxford Economic Institute, stated that the inflation rate in the Eurozone remains above target levels and faces significant risks in the future. Due to the escalating situation in the Middle East leading to high energy prices, the overall inflation rate rose by 0.1 percentage points in July, reaching 2.9%. He pointed out that since the breakdown of the Iran ceasefire agreement, the risk of broader inflationary impacts has significantly increased, which strengthens the case for an interest rate hike in September.Nevertheless, the inflation data shows a relatively mild response to the escalating situation in the Middle East, and the second round of wage effects later this year may be limited.

According to Jinshi reports, on the evening of July 30, Beijing time, the Chinese lead in Sino-U.S. economic and trade relations, Vice Premier He Lifeng, held a video call with the U.S. lead, Treasury Secretary Janet Yellen, and Trade Representative Katherine Tai.The two sides discussed the implementation of the important consensus reached during the meeting between the leaders of China and the U.S. in Beijing, focusing on stabilizing economic and trade relations, pragmatic cooperation, and addressing each other's concerns. The Chinese side expressed serious concerns regarding the recent economic and trade restrictions imposed by the U.S. side.

According to Jinshi, the number of initial jobless claims in the U.S. last week, the month-on-month personal spending for June, the month-on-month and year-on-year core PCE price index, the preliminary quarter-on-quarter real personal consumption expenditure for the second quarter, the real GDP, and the preliminary quarter-on-quarter annualized core PCE price index will be announced in ten minutes.

According to Jinshi reports, on July 24, the Central Committee of the Communist Party of China held a symposium for non-party figures at Zhongnanhai to listen to the opinions and suggestions of leaders from various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-partisan individuals. Xi Jinping presided over the meeting and delivered an important speech, emphasizing the need to adhere to the general principle of seeking progress while maintaining stability, promote the continuous development of the economy towards new, better, and good directions, implement an active fiscal policy and a moderately loose monetary policy, enhance development momentum, and ensure and improve people's livelihoods.

According to Jinshi, the Japanese government on Thursday lowered its economic growth forecast for the current fiscal year due to rising oil prices caused by tensions in the Middle East, which are squeezing household spending and corporate profits. The inflation-adjusted GDP growth rate is expected to be 0.9% for the fiscal year ending March 2027, down from the 1.3% forecast in January. However, the economic growth rate for the next fiscal year is expected to accelerate to 1.1%.