CryptoQuant Founder: Bitcoin's futures and spot demand turn positive simultaneously for the first time, suggesting a potential start of a new bull market cycle.

According to market data from BIT (bit.com), US stocks opened with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq down 0.5%. Micron Technology (MU.O) rose 0.4% as the company is ramping up US memory research and development, planning to invest $10 billion over 10 years. Walmart (WMT.N) fell 7% after its Q2 same-store sales growth hit a six-year low, with full-year profit guidance below expectations. SK Hynix (SKHY.O) gained 4% following a preliminary wage agreement with labor. Alibaba (BABA.N) dropped 4.7% in post-earnings trading.

According to market data from BIT (bit.com), U.S.-listed cryptocurrency-related stocks rallied broadly, with individual gains as follows: CRCL rose 2.13%, MSTR gained 5.05%, MARA climbed 4.82%, COIN advanced 5.33%, RIOT increased 3.46%, and BMNR rose 4.1%.

According to Bloomberg, U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said Thursday that the crypto industry will ultimately get market structure regulations even if Congress fails to pass landmark legislation on the sector. In an interview with Bloomberg Television ahead of the first meeting of the CFTC’s Innovation Advisory Committee, Selig stated: “Building market structure is very important. We can achieve this either through regulatory rules or legislation. The CFTC is weighing a range of potential cryptocurrency rules, but is currently awaiting progress on the Clarity Act — legislation that would grant the CFTC primary authority to regulate the digital asset industry. The bill is currently stuck in the Senate, which plans to hold a procedural vote on it in mid-September. However, major disagreements remain, making it unlikely to secure enough votes before lawmakers pivot to the November midterm elections.” Selig added that legislation is the most reliable way to establish crypto market structure, but the agency also holds considerable authority under existing regulations. If it needs to exercise that power to craft rules without supporting legislation, it will do so.

Morgan Stanley economists noted in a report that while the share of U.S. jobs displaced by AI remains small, this trend is growing increasingly evident. By June 2026, AI-driven job displacement will impact the U.S. unemployment rate by at most around 15 basis points, up from the 10 basis points recorded in December 2025. Signs of such displacement remain most pronounced among young workers.

On-chain analyst Ai Yi (handle @ai_9684xtpa) has monitored that Pump.fun's fee address transferred 72,252.69 SOL to Kraken in the past 15 minutes, valued at approximately $6.303 million.

According to The Information, Ode, an enterprise AI services firm backed by Anthropic and multiple investment institutions, announced the acquisition of AI consulting company Casper Studios to enhance its ability to design and deploy AI applications for enterprise clients. Ode aims to drive the adoption of Anthropic’s AI model Claude in enterprise business processes, helping enterprises move from generative AI trial stages to large-scale deployment.