Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

Whale 0x2d59, who bought 40,000 $ETH ($76.66M) a week ago, bought another 50,000 $ETH ($93.6M) 2 hours ago and staked it.

Goldman Sachs' economic team forecasts July's core CPI will rise 0.19% month-over-month, slightly below the market consensus of 0.2%, with a year-over-year growth rate of 2.47%—also lower than the consensus expectation of 2.5%. For nominal CPI, Goldman projects a mere 0.05% month-over-month increase, below the market forecast of 0.1%, mainly reflecting the impact of earlier energy price declines. However, inflation risks have not fully dissipated. The bank notes its core CPI forecast corresponds to a 0.26% month-over-month rise in July’s core PCE, with components like portfolio management likely driving a larger gain. Looking ahead to the coming months, Goldman expects core CPI monthly gains to hover around 0.2%, housing inflation will continue to cool, the contribution of tariff-related price hikes will fall, and the pressure from jet fuel prices that previously lifted airfares will ease. July’s U.S. CPI is set to release at 20:30 Beijing time on August 12, with markets awaiting the data to chart the next move for U.S. Treasury yields and tech stock rotation. Ahead of the release, the 10-year U.S. Treasury yield returned to near 4.70%, while oil prices climbed back above $87. Goldman warns that if oil market disruptions and price rises persist longer than expected, inflation risks will tilt to the upside.

According to South Korean media Maeil Economic Daily, Solidigm, the NAND flash subsidiary of SK Hynix, plans to resume construction of the second phase of its NAND flash production base in Dalian, China. Equipment installation is expected to begin in November this year, with formal production set to launch in the first half of next year. The Dalian Phase II project had been stalled for a long time due to factors including the sluggish NAND market, inventory adjustments, and U.S. restrictions on semiconductor equipment exports to China. Driven by the expansion of AI data centers, demand for enterprise-grade solid-state drives (eSSDs) has grown, prompting SK Hynix to resume investment to expand NAND production capacity. The current monthly production capacity of Dalian Phase I is approximately 100,000 wafers; upon completion of Phase II, an additional monthly capacity of around 50,000 wafers is expected, boosting overall production capacity by about 50%. SK Hynix plans to adopt a "dual-track production" strategy: manufacturing mature-process NAND at its Dalian facility, while concentrating high-end NAND production at its M17 plant in Cheongju, South Korea.

According to monitoring by Onchain Lens, a wallet linked to Alameda Research’s bankruptcy proceedings has un-staked 201,740 SOL after nearly five years of staking, with the holdings now valued at around $15.27 million. FTX and Alameda-related addresses have previously seen repeated SOL un-staking and transfer activities, and the market has been closely tracking their asset disposal progress. Data indicates the position initially held 164,380 SOL, earning approximately 37,360 SOL in staking rewards over the period. The position’s current value stands at roughly $2.83 million. Calculated based on the initial investment, the SOL stake was worth about $352,000, and its value has now surged to approximately $15.27 million.

According to official announcements, Binance will add "Monitoring Tags" to Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE), and Sophon (SOPH) starting August 11, 2026. The exchange stated that tokens with these tags carry higher volatility and risk compared to other listed tokens, adding that it will closely monitor these projects and conduct regular reviews. Tagged tokens face the risk of failing to meet Binance’s listing standards and potentially being delisted in the future. Binance noted that factors including the project team’s level of commitment, quality of development activities, trading volume and liquidity, network and smart contract security, community communication, changes in token supply, and presence of any misconduct will serve as the basis for subsequent evaluations. This adjustment will not affect other services related to the aforementioned tokens.

According to Bitget's market data, WTI crude oil rose 2.5% intraday to hit $84.21 per barrel. Brent crude oil broke through the $90 per barrel threshold, with an intraday gain of 2.4%.