Key Takeaways
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Macro Environment: On the day before the release of U.S. July CPI data, market sentiment turned cautious. Even intraday trade-related positive news failed to significantly boost risk appetite, as investors awaited the data. U.S. equities fell across the board, with the VIX fear index closing up 7.19%.
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Outlook for Today:
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U.S. July CPI data release
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APT token unlock: 2.20% of circulating supply (~$52.1M)
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Speech by Richmond Fed President and 2027 FOMC voting member Thomas Barkin
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,373.46 | -0.25% |
| NASDAQ | 21,385.40 | -0.30% |
| BTC | 118,668.60 | -0.50% |
| ETH | 4,223.89 | -0.63% |
Crypto Fear & Greed Index: 68 (down from 70 in the past 24 hours), classified as “Greed.”
Project Highlights
Trending Tokens: PUMP, XNY, LDO
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XNY (+115%): Codatta token (XNY) of KITE AI ecosystem listed on Kraken, surging over 115% in 24 hours.
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PUMP (+13%): Pump.fun co-founder predicted a return to the Q4 2024 “trench” boom, with Pump.fun’s market share rebounding to 75%; PUMP rose while BONK-related tokens generally corrected.
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BONK (-10%): Safety Shot acquired rights to 10% of Bonk.fun’s revenue in exchange for $25M worth of BONK tokens.
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UNI (+0.5%): Uniswap Foundation plans to adopt Wyoming’s DUNA legal framework to establish the “DUNI” entity, paving the way for protocol fee collection. Under this framework, fee revenue cannot be directly distributed to UNI holders, and Uniswap’s decentralized governance model remains unchanged. UNI saw a brief spike before pulling back.
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INJ (-5%): Canary submitted a staking-based INJ ETF application to CBOE.
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IP (-10%): Heritage Distillery completed a $220M private placement to establish an IP token reserve.
Macro Economy
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U.S. and China agreed to pause the implementation of a 24% tariff for 90 days
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Trump: No tariffs will be imposed on gold
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Fed “whisperer” Nick Timiraos: July core CPI expected to rise by 0.31%
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Trump downplays this Friday’s meeting with Putin, calling it “exploratory,” suggesting he may pull out; says reaching an agreement is not solely up to him
Industry Highlights
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Singapore Exchange may list crypto perpetual futures before year-end
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Fubao Technology applied for Hong Kong VASP license, actively expanding into the virtual asset sector
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Paxos applying for a U.S. trust bank charter
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Strategy acquired 155 BTC last week for ~$18M at an average price of $116,401 per BTC
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Stripe partners with Paradigm to develop L1 blockchain “Tempo”
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180 Life Sciences completed a $156M private placement to purchase ETH
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Fundamental Global announced a $200M private placement for ETH purchases
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SharpLink raised $400M through a direct registered offering
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ALT5 Sigma announced $1.5B funding to launch its WLFI Treasury strategy
This Week’s Outlook
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Aug 12: U.S. July CPI data; APT token unlock (2.20% of circulating supply, ~$52.1M); Speech by Richmond Fed President Thomas Barkin (2027 FOMC voter)
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Aug 13: Speech by Richmond Fed President Thomas Barkin (2027 FOMC voter)
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Aug 14: U.S. July PPI; Speech on monetary policy by Chicago Fed President Austan Goolsbee (2025 FOMC voter)
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Aug 15: U.S.-Russia leaders’ meeting; U.S. July retail sales; Ghana’s registration deadline for virtual asset firms; FTX to open next round of claims registration and release $1.9B in disputed claims reserve funds
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
