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

Morgan Stanley’s latest Greater China semiconductor report, released on July 31, notes that AI semiconductors remain in a high-growth cycle, and the current market rally is expanding beyond pure GPU demand to cover advanced process technology, advanced packaging, memory, testing equipment, ASICs, and China’s AI chip industry chain. Morgan Stanley makes a very aggressive forecast: the global cloud AI semiconductor market could reach $485 billion by 2026, and further expand to around $753 billion by 2030. Meanwhile, the global semiconductor market is projected to hit $1.5 trillion by 2030, meaning AI semiconductors will account for nearly half of the total market size. Using its proprietary cloud capital expenditure (capex) tracking model, Morgan Stanley projects that the world’s top 14 listed cloud service providers may see their cloud capex reach nearly $1.3 trillion in 2027, a figure that excludes sovereign AI projects.

，Bitfinex 分析师发布报告表示，此前在 6 月底的比特币抛售中，衍生品交易者已基本被清洗出局。比特币在 7 月 1 日跌破 58,000 美元，此后日均清算金额一直远低于今年典型的 4 亿至 5 亿美元区间，表明尽管出现宏观冲击，但强制抛售压力很小，「加密市场跌幅小于杠杆股票主题，是因为强制抛售的『燃料』已经耗尽。」Bitfinex 分析师预计，投资者在下周美国就业报告（美联储会议后的下一个主要宏观催化剂）前将保持防御性。他们认为，与其担心新一轮强制清算，更关键的问题是现货比特币 ETF 资金流入能否在市场对美联储路径有更清晰判断后重新回归。分析师写道：「我们认为，在美联储加息风险仍存的情况下，仓位将保持防御性。机构买家是否积极或对价格不敏感，才是交易者尚未出现的信号。」

Arthur Hayes(@CryptoHayes) sold 6.16M $SYN ($658K) and bought 3.05M $ENA ($248K).

According to Lookonchain monitoring, BitMEX founder Arthur Hayes has just sold 6.16 million SYN tokens worth $658,000 and purchased 3.05 million ENA tokens valued at $248,000.

Binance founder CZ took to social media to comment on the incident where a suspected vulnerability in Coldcard wallets led to the theft of over $38 million worth of Bitcoin, stating: "Even hardware wallets can have vulnerabilities. Even long-standing wallets can have vulnerabilities. To mitigate risk, one might spread funds across multiple wallets—but that introduces another set of risks. Nothing is 100% secure."

According to Reuters, Google parent company Alphabet is rolling back the AI image generation feature it launched in Google Earth just one day ago, after user-shared images appeared to violate the company’s policies. The feature, powered by Google’s Nano Banana 2 AI model, allows users to input text prompts to generate realistic images of any location on Earth based on Google Earth’s satellite, aerial, and 3D imagery. The tool has faced criticism for its potential to spread misinformation, as it enables users to create fake scenes over real imagery of historical sites and landmarks.