US Treasury Secretary: Nonfarm Payrolls Report Underestimates the Underlying Strength of the US Economy

According to a report from The Information, NVIDIA has agreed to invest $2 billion in power infrastructure developer Lancium, with an additional $1 billion commitment to follow once the company secures more planned power resources, bringing the total transaction size to up to $3 billion. Lancium is the power infrastructure provider behind OpenAI and Oracle’s Stargate AI campus in Texas. The transaction values Lancium and its portfolio of land and power connection assets at an enterprise value of approximately $10 billion, inclusive of the investment amount and debt. Sources familiar with the matter revealed that NVIDIA’s $2 billion investment will secure a roughly 20% stake in Lancium. The deal further underscores the critical role of power infrastructure in the AI industry chain, as NVIDIA accelerates its footprint in the AI data center ecosystem via investments in energy and computing infrastructure.

Per monitoring by Onchain Lens, a whale purchased 50,000 ETH from a Fidelity-associated wallet yesterday, valued at approximately $95.73 million. Three hours ago, the whale transferred 36,530 ETH (worth around $69.94 million) to a new address. On-chain data shows that, based on the address’s past transaction patterns, these funds may subsequently be moved to Coinbase for sale. The relevant address is: 0x951A4d24BA0F038B9872F253C380836Db9E67D53.

According to EmberCN’s monitoring, HyperLabs, the development team of Hyperliquid, redeemed 433,000 HYPE tokens from staking this morning, worth $24.25 million, and has sold them via market maker Flowdesk. Over the past several hours, 165,000 HYPE have been transferred to Flowdesk; 75,000 HYPE were deposited into Hyperliquid and sold for USDC; another 90,000 HYPE, valued at $5.04 million, have been moved to OKX and Bybit.

According to monitoring by Onchain Lens, the address of BlackRock’s spot Bitcoin ETF IBIT withdrew 1,840 Bitcoin from Coinbase Prime today, valued at approximately $119 million. The ETF has accumulated a net addition of 7,320 Bitcoin this week, worth around $478.5 million.

According to Bitget market data, both U.S. WTI and Brent crude oil closed lower this week: U.S. WTI crude fell 1.32% to $76.35, while Brent crude dropped 1.54% to $81.50. On the news front, U.S. officials said negotiations between Oman and Iran over the Strait of Hormuz have made progress, with an agreement expected soon. Once an accord is announced to restore unimpeded commercial shipping through the Strait of Hormuz, the U.S. will lift its blockade on Iranian ports. U.S. actions will remain contingent on implementation and tied to Iran’s fulfillment of its commitments. Meanwhile, Hassan Kashkavi, spokesperson for Iran’s Majlis National Security and Foreign Policy Commission, stated that Iran and Oman have finalized the overall framework of a memorandum of understanding (MOU) related to Strait of Hormuz shipping, with the final text and specific details to be released shortly. Earlier on August 6, Iran published details of the preliminary text of its proposed Strait of Hormuz strategic management plan, which includes provisions banning hostile parties from transiting the strait, with violators facing fines of up to 20% of the value of the goods involved.

According to BIT (bit.com) market data, U.S. stocks closed on Friday: the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.6% to hit a new closing high, and the Nasdaq climbed 1.3%. SpaceX (SPCX.O) surged 15.8%, Qualcomm (QCOM.O) rose 4.6%, and NVIDIA (NVDA.O) added 2.2%. Most storage-related concept stocks closed lower: SK Hynix (SKHY.O) fell nearly 4%, Micron Technology (MU.O) dropped 0.4%. The optical communications sector rallied sharply: Applied Optoelectronics (AAOI.O) jumped 9%, Lumentum (LITE.O) rose 6.2%, Corning (GLW.N) gained 5.4%, and Marvell Technology (MRVL.O) added 3.8%.