Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

According to HTX market data, GRVT has risen above $0.38, currently trading at $0.3803, with a 24-hour gain of 31.77%.

According to a report from AXIOS, U.S. Senator Bernie Sanders is urging CEOs of leading AI companies to pause AI development, warning that lawmakers will step in if no action is taken. The letter was reportedly sent to OpenAI founder Sam Altman, Anthropic’s Dario Amodei, and Mark Zuckerberg. Sanders stated: “At a time when we have already seen humans lose control and create potentially dangerous viruses, your companies are still racing ahead—investing tens of billions of dollars in a technology that no one can fully understand, predict, or control.” Clearly, AI legislation, particularly efforts led by progressives like Sanders, is unlikely to secure enough support in the current congressional session to become law. What can be expected for now are symbolic bills and public pressure campaigns—and if the Democrats retake either chamber of Congress, there could be congressional investigations and subpoenas to hold tech CEOs accountable.

According to an official announcement, Binance’s derivatives platform will launch perpetual contracts with a maximum leverage of 20x at the following times (all UTC+8): 10:00 on August 11, 2026: KUAISHOUUSDT USDT-denominated perpetual contract; 10:05 on August 11, 2026: MEITUANUSDT USDT-denominated perpetual contract; 10:10 on August 11, 2026: CSOPSKHYNIX2LUSDT USDT-denominated perpetual contract; 10:15 on August 11, 2026: CSOPSAMSUNG2LUSDT USDT-denominated perpetual contract.

BlockBeats today released its July 2026 exchange rankings. Statistics show that in July 2026, spot trading volume on major centralized exchanges (CEXs) decreased by 35.51% compared to June 2026, while perpetual contract trading volume fell 19.59% month-over-month. The decline in spot trading was significantly larger than that of derivatives, indicating a further cooling of the overall market, though demand for leveraged trading remained relatively resilient. Full details are available in the report: "July Exchange Rankings: Spot Market Down 35%, Derivatives Trading Remains Resilient"

South Korea's presidential office announced that it will establish a new fund worth 5 trillion won, focusing on investing in promising semiconductor materials, components and equipment.

Unitree Robotics officially launched online and offline IPO subscription today. Its offering price is 150.80 yuan per share, with a post-issue total market cap of around 60.993 billion yuan and total fundraising of nearly 6.1 billion yuan, while the offering P/E ratio hits 219.23 times. Notably, the firm received early investment from DJI, though the stake was ultimately exited via DJI’s capital reduction. It is understood that Unitree founder Wang Xingxing briefly worked at DJI before starting his venture, but resigned shortly after to launch his startup. In 2018, DJI acquired roughly 17% of Unitree’s shares for 10.1286 million yuan, valuing the company at approximately 60 million yuan at the time. DJI’s stake in Unitree was once registered with industrial and commercial authorities, making it Unitree’s largest external shareholder, but DJI reduced its capital in 2019 and exited the company’s shareholder roll. Estimates suggest that if DJI had held onto the stake until now, its value would likely reach billions of yuan. In response to the news, DJI said it would not comment. (Source: Sina Technology)