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Japanese government bond yields have risen, with the five-year bond yield reaching a record high, and the two-year bond yield also hitting its highest level since 1995. The rise in oil prices has triggered inflation concerns, and the market estimates the likelihood of the Bank of Japan raising interest rates in September at about two-thirds.Despite the rise in yields, there has not yet been a significant support for the yen, mainly influenced by external factors, including the increase in U.S. long-term bond yields and the strength of the dollar against the yen.

According to on-chain data, Optimism has not conducted any buybacks after completing the second and third rounds of monthly community buybacks in March and April. In March, 367.905 ETH was used to buy back 6.951453 million OP, and in April, 50.16 ETH was used to buy back 0.925654 million OP. As of now, a total of 9.451924 million OP has been repurchased.

The X platform has announced the launch of the Original Content Rewards Program, aimed at rewarding creators who bring original perspectives, expertise, reporting, creativity, and commentary to the platform.X stated that, effective immediately, new users will no longer be able to join the original revenue sharing program. Existing revenue sharing program users can continue to earn revenue until September 7, during which three final payments will be made on August 14, August 28, and approximately September 11.Starting September 8, eligible existing creators can apply to join the new Original Content Rewards Program. The new program will distribute earnings based on the qualified exposure generated by the creator's original content, with rewards issued every two weeks, and the first payment expected to be issued on August 28.To apply for the Original Content Rewards Program, the following conditions must be met:Must be at least 18 years old;Reside in a country or region supported by the program;Account must be in good standing, with no multiple violations of revenue standards or service terms;Must have a personal or business account;Must subscribe to X Premium, Premium+, or Premium Business;Must have at least 500 verified followers;Must have achieved at least 500,000 impressions from verified users on the home timeline in the past 90 days (excluding reply impressions);Must continuously publish original content.

According to crypto analyst alicharts, based on Ethereum's nearly 6-year historical trend, ETH tends to gain support after regaining the MVRV 0.8 price level, pushing towards the realized price (approximately $2300). Additionally, this signal is consistent with the previous four MVRV momentum golden crosses, which brought increases of 50% - 166%.alicharts believes that $3000 should be regarded as a key resistance area, due to over 10 million ETH historical transaction records.

According to Forbes' real-time billionaire rankings, Justin Sun surpassed Wang Jianlin with an asset worth $8.5 billion compared to Wang's $4.4 billion.In response, Justin Sun stated, "There are no waves, only awakenings. Wang Jianlin was once the god of versions, just as I was an unbelievable young person. The cruelest part of version updates is that those at the peak are always the last to notice.So if today a young person tells me something I don't understand, or even something I want to mock, I find it hard to have the same confidence as Wang Sicong. I would serve him a cup of tea and listen to him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but believing in young people is always right."In 2019, after Justin Sun purchased a charity lunch with Buffett for about 31.54 million yuan, Wang Sicong shared related articles on his social media with a mocking caption.

As expectations for easing tensions in the Middle East rise, the market continues to focus on the progress of peace negotiations. Gold prices show resilience in their upward trend, which has also increased investors' attention to multi-asset CFD products. According to data from the Gate platform, the 24-hour increase for gold CFD (XAUUSD) is 0.13%, with today's highest price at $4304.09. At the same time, gold-related assets are performing actively, with GDX up 7.48% and GLD up 4.12%. Driven by popular targets, the trading activity of Gate CFD has also increased, with weekly trading volume surpassing $200 billion, ranking first across the network.

According to a report by China News Service, Russian President Putin signed a law on the 4th to comprehensively regulate digital currencies and digital rights in Russia. Relevant documents have been published on the Russian legal information website. The law clarifies the operational rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants, and regulates the conditions under which investors can purchase cryptocurrencies.The law regulates relationships related to the circulation, accounting, and storage of digital currencies and foreign digital tools, as well as activities related to "mining," and the issuance and circulation of digital rights. It also stipulates the regulation of the business operations of information system operators for issuing digital financial assets, cryptocurrency exchange institutions, digital asset custodians, brokers, asset management companies, trading organizers, and clearing institutions. According to this law, Russian citizens can legally invest in cryptocurrencies through exchanges within Russia and use services provided by brokers, trust managers, asset management companies, and cryptocurrency exchange institutions when conducting cryptocurrency transactions and related operations.The registration and custody of cryptocurrencies will be the responsibility of relevant digital custodians approved by the Central Bank of Russia, and market participants must comply with strict information security requirements. The Central Bank of Russia will also establish a registration list for cryptocurrency exchange institutions, which will include credit institutions and brokers under a filing system for management. This law will officially take effect on September 1, but some provisions will be implemented on July 1, 2027, or September 1, 2027.

Cryptoquant released a report stating that on July 31, as Coldcard users rushed to transfer funds, on-chain activity surged dramatically. The number of daily active Bitcoin addresses soared from 645,000 on July 30 to nearly 1 million, the highest level since December 10, 2024, almost entirely driven by sending addresses. The total amount of transfers below 1 BTC on that day reached 39,600 BTC, slightly below the 39,900 BTC recorded after the FTX collapse; the total amount of transfers below $100,000 reached $3.2 billion, a new high since November 21, 2024.Long-term holder spending jumped from 269,000 BTC on July 30 to 406,000 BTC, the highest since January 14. The exchange recharge volume for small holders surged to the highest level since February 6. The mempool transactions increased from 33,000 to about 96,000, the highest since June 20. Analysis indicates that a large number of users have taken action to migrate funds, but an unknown number of holders still face risks.

Arthur Hayes published a new article titled "Situationship," suggesting that the AI bubble may eventually burst, but its subsequent impact could drive global liquidity expansion and become a catalyst for the next Bitcoin bull market. Hayes believes that the key to determining whether AI is a bubble lies in how investors define AI infrastructure construction. He points out that the market generally views the trillions of dollars in AI capital expenditure as "technology investment" and assigns high growth valuations, but its essence is closer to "real estate investment."He states that the current AI infrastructure construction is actually about building data centers, power facilities, and other underlying assets that support computing power, rather than directly investing in technology companies like Apple. "Financial institutions, private credit funds, and governments may mistakenly believe that investing in AI data centers is equivalent to investing in tech giants, while in reality, it is more akin to investing in highly leveraged infrastructure projects." Hayes believes that the core reason for the AI bubble's burst is not that corporate profits cannot be realized, but rather excessive credit expansion. He indicates that, supported by the U.S. and Chinese governments, financial intermediaries may overbuild data centers, power facilities, and related supply chains, ultimately creating credit cycle risks similar to those of the 2008 financial crisis, rather than a profit valuation crisis like that of the 2000 internet bubble.However, Hayes believes that the long-term value of AI remains immense. He points out that the computing resources operating within data centers will drive the development of "silicon-based life," having a profound impact on human civilization similar to that of the railroad era. Regarding market impact, Hayes expects that after the AI bubble bursts, governments and central banks may adopt more aggressive monetary easing measures, repairing the financial system through "massive money printing," pushing risk assets back into an upward cycle, and ultimately benefiting Bitcoin. Hayes states that the core variable of the current AI cycle is whether the capital market has mispriced AI infrastructure, and this judgment will determine the future direction of the market.

According to Jinshi, U.S. Treasury Secretary Yellen stated that the level of the yen exchange rate could trigger other issues, including depreciation.

According to Jinshi, former Bank of Japan committee member Atsushi Takeuchi stated that if there are signs of the yen weakening again, Japan and the United States will "definitely" take joint intervention actions once more. He pointed out that this joint action between the U.S. and Japan was highly effective, and the market has reached a consensus that the yen will not continue to weaken unilaterally.Takeuchi expects that the Japan-U.S. exchange rate may fluctuate in the range of 155 to 162 in the short term.

According to Cointelegraph, investment firm Bernstein stated that the prospects for the passage of the U.S. CLARITY Act are declining. If the Senate fails to advance the bill before the recess, it may trigger a short-term negative reaction in the market, putting further pressure on the valuations of Bitcoin and the overall crypto assets.Bernstein pointed out that the failure of the bill could lead to a market "instinctive sell-off," but in the medium to long term, it may also prompt the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate regulatory actions, including clarifying token classification rules, developing a regulatory framework for decentralized finance (DeFi), and advancing token issuance exemption mechanisms.Bernstein expects that the crypto market may bottom out between the end of the third quarter and the beginning of the fourth quarter, gradually regaining momentum before the U.S. midterm elections.Currently, market expectations for the CLARITY Act to be signed into law by the end of 2026 continue to decline. Data from prediction platform Polymarket shows that the probability of the bill passing this year has dropped to 31%, down 7 percentage points from a week ago and down 9 percentage points from the past month, with related betting amounts around $3.7 million.The CLARITY Act aims to establish the first regulatory framework for the digital asset market in the U.S., but it faces opposition from the banking industry due to stablecoin yield provisions. Previously, Galaxy Digital had lowered the probability of the bill being enacted by 2026 to 50% and warned that the Senate's advancement timeline is shrinking.

According to Jinshi reports, on Monday, the dollar continued its downward trend due to joint intervention in the foreign exchange market by the U.S. and Japan, which supported the yen. Francesco Pesole, a foreign exchange strategist at ING, stated that the market's doubts about the new Federal Reserve Chairman Walsh's ability to combat inflation are the root cause of the dollar's weakness. He pointed out that many traders are considering establishing long-term short positions on the dollar, but believe that Japan's intervention is only a temporary measure, and the true determinant of the dollar's trend will still be the Federal Reserve's policy.Jefferies strategist Mohit Kumar stated that the pressure for interest rate hikes from the Federal Reserve will continue to increase.

According to Jinshi News, the recent sharp rise of the yen has triggered a sell-off in the Japanese stock market on Monday, but analysts believe that the risk to corporate earnings is manageable. A survey by the Bank of Japan shows that the weighted average exchange rate assumption for the dollar against the yen adopted by companies is 151.49, and the current yen to dollar exchange rate is still about 5 yen away from this level.Yugo Tsuboi, Chief Strategist at Daiwa Securities, stated that unless the yen/dollar appreciates further to near the 150 level, the risk of downward adjustments to corporate earnings should be very small.

The Thai Immigration Bureau recently issued a warning, pointing out that while the cross-border trade of amulets is thriving, it is being exploited by gray capital networks as a money laundering channel.From online gambling, telecom fraud to drug smuggling, some illegal proceeds are being disguised as legitimate business income through means such as amulet trading, fake auctions, temple rentals, and cryptocurrency peer-to-peer transfers.

According to Jinshi reports, U.S. President Trump stated that there was a plan to carry out the largest attack on Iran since World War II.

As the suspected hacking incident involving the Coldcard wallet continues to unfold, Bitcoin microtransaction activity has surged, reaching its highest level since the FTX exchange collapse, prompting renewed discussions in the market about the security of self-custodied Bitcoin.CryptoQuant's research director Julio Moreno disclosed data showing that the number of Bitcoin transactions under 1 BTC circulating on-chain has risen to its highest level since November 2022, with approximately 39,600 BTC transferred in a single day, just about 300 BTC lower than the record set on November 16, 2022 (39,900 BTC) a few days after FTX filed for bankruptcy. He believes that users taking proactive measures to address risks is a positive sign.Additionally, Bloomberg ETF senior analyst Eric Balchunas believes that Bitcoin ETFs, with their mature regulatory framework and convenience, may provide a safer investment option for some users.