Analyst: Disappointing NFP Report Leads Market to Fully Price In Fed Rate Cut in September

On July 3rd, according to the monitoring of EmberCN, trader AguilaTrades. After suffering a recent loss of 34.18 million US dollars, it went long on Bitcoin with 20 times leverage yesterday. Currently, it is holding an unrealized profit of 2.36 million US dollars. The current position is as follows: With a long position of 20 times and 2240 BTC, which is worth 243 million US dollars. The entry price is 107,886 US dollars and the liquidation price is 105,861 US dollars.

On July 3rd, as monitored by OnchainLens, a whale transferred 8,768,000 USDC into HyperLiquid and acquired 215,850 HYPE at an average price of $40.13, with a total worth of $8.66 million.

July 3rd. According to a recent report from CITIC Securities, based on the recent statements made by Federal Reserve officials, there exists a notable division within the monetary policy stance of the current 12 voting members of the Federal Reserve. Among the Federal Reserve voters, there are 4 members belonging to the dovish camp, such as Federal Reserve Governor Waller, Vice Chair Bowman, Federal Reserve Governor Quarles, and Chicago Fed President Evans; there are 6 voters, including the Fed Chair, who hold a neutral stance and advocate for policy patience, while two voters adopt a hawkish position. In the current Fed decision-making process, the inclination of the Fed Chair remains highly significant, and the key factor determining whether the Fed will transition to a dovish stance in the future still lies in the change in economic data. (FX168)

On July 3rd, based on market data, the U.S. stock market closed on Wednesday with a slight decrease in the Dow. The S&P 500 Index increased by 0.47%, and the Nasdaq increased by 0.94%. Some crypto reserve companies performed well, including: Tesla (TSLA.O) rose by 4.97%; Mogo Inc (MOGO) saw its stock price increase by 112.4% after announcing the authorization to allocate $50 million to Bitcoin; Bit Digital (BTBT) rose by 13.85% after raising $150 million to purchase ETH and planning to exit BTC mining thereafter; Thumzup Media Corporation (TZUP) rose by 14.89% and will conduct a $6.5 million private placement to raise funds for increasing its cryptocurrency holdings; Bitmine Immersion (BMNR) rose by 27.17% after announcing the completion of a $250 million financing round, mainly for increasing its Ethereum holdings and intending to use it as a core reserve asset; Semler Scientific (SMLE) rose by 11.63%, holding 4,449 BTC as of June 4th; SharpLink Gaming (SBET) rose by 28.07%, wi

On July 3rd, as reported by Bloomberg, BlackRock, which is the world's largest asset manager, announced that its Bitcoin spot ETF, IBIT, has now become its most profitable ETF product, outperforming its flagship S&P 500 index fund. IBIT currently has an asset under management (AUM) of approximately $75 billion and a fee rate of 0.25%, with an expected annual revenue of $187.2 million. In contrast, the $624 billion iShares Core S&P 500 ETF (IVV) only charges a 0.03% fee, and its annual revenue is slightly lower than that of IBIT, at $187.1 million.

On July 3rd, the Securities Industry and Financial Markets Association (SIFMA) dispatched a letter to the SEC Crypto Assets Working Group, objecting to the applications of cryptocurrency companies such as Coinbase and Kraken for exemptive relief to issue tokenized stocks. SIFMA characterized the related requests as "being of great concern" and urged the SEC to seek public input through a transparent process in order to avoid hasty approvals through opaque means. SIFMA emphasized that such significant policies should not be dealt with directly through "no-action" or exemption mechanisms. The association also raised doubts about whether the SEC is capable of regulating unregistered entities and protecting investor interests.