Serenity maintains a bearish outlook on CRWV, noting that the company's debt interest is severely eroding its cash flow.

Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.

According to Bloomberg, Lightspeed Venture Partners is seeking to raise roughly $600 million via secondary transactions to extend its investment exposure to OpenAI and other AI companies, as well as make additional investments in AI model firm Anthropic. Sources familiar with the matter said the fundraising deal is internally codenamed "Project Mercury" and involves multiple secondary funds under Lightspeed, including the Select V Fund, Opportunity II Fund, and a portion of assets in a separately managed account. Lightspeed aims to provide liquidity to investors through these secondary market transactions while maintaining long-term holdings in leading AI sector companies.

According to market sources, Google has raised the price of its new smartphones due to memory shortages, with the new models reportedly costing $100 more than the previous generation.

Nick Timiraos, widely known as the "Fed mouthpiece", said July's CPI data was largely in line with expectations, easing pressure on the Federal Reserve to raise interest rates in September. The Fed believes current interest rates are sufficiently restrictive to guide inflation toward its 2% target without further hikes.

According to monitoring by The Data Nerd, a wallet belonging to the Lighter team transferred 1.87 million LIT tokens to a new address, valued at approximately $4.57 million. Analysts believe this move is likely just a routine treasury management operation.

US stocks opened higher today amid mild inflation data, per Bitget market data. The Dow Jones Industrial Average rose 0.33%, the S&P 500 gained 0.49%, and the Nasdaq climbed 0.9%. In terms of individual stocks, BIT (bit.com) market data shows that stocks in the storage, semiconductor, optical communication, and neocloud sectors rallied broadly. SanDisk advanced 6.9%, SK Hynix rose 5.8%, and Micron Technology gained 5.5%. For neocloud stocks, CRWV jumped 22%, NBIS climbed 15.21%, and IREN rose 10%. Meanwhile, optical communication-related stocks saw LITE surge 9.88%, GLW add 5.64%, AAOI advance 4.71%, and MRVL rise 6%.