Cooling Fed interest rate hike expectations drive Bitcoin, Ethereum, and gold to extend their rally.

According to OnchainLens monitoring, a newly created wallet with address 0x016 deposited approximately $2.67 million in USDC into Hyperliquid, then opened a $1.62 million long LIT position using 2x leverage. The position is currently profitable, with an unrealized gain of over $330,000.

Amazon Web Services (AWS) has notified its relevant supply chain partners that it will increase its shipment volume in the third quarter of 2026, with an estimated 20% to 30% rise from the original plan, indicating AWS’s optimism about the sales outlook for Trainium 3. (Jinshi)

According to Lookonchain’s monitoring, an abnormal transaction by a crypto whale shows the entity swapped 1,126.44 ETH (valued at approximately $2.01 million) for 5,776 LIT (worth around $14,000), incurring an unrealized loss of nearly $2 million. The transaction’s execution price deviated extremely from the market value, resulting in massive slippage losses.

EthLabs founder Barnabé Monnot (barnabé.eth) has published his "Week 2" update, recapping the team’s latest progress in the launch and funding phases, as well as key ecosystem discussion priorities. On interoperability, the team said it is growing more confident in "zero-knowledge (zk)-based asynchronous interoperability", which it believes will help build more secure cross-chain bridges and improve the native distribution of assets across Ethereum’s multi-layered networks. Current cross-chain paths still face latency issues, particularly for L2→L1 transfers; against this backdrop, the intents mechanism can act as a transitional solution, while L1’s ample liquidity supports matching with cross-chain solvers. Additionally, L1→L2 paths are expected to drastically cut confirmation latency via the Fast Confirmation Rule (FCR), with clients already beginning to integrate the mechanism. In ecosystem discussions, PropAMMs (proposal-based automated market makers) have emerged as a recent focus for multiple teams and researchers, centered on their potential to optimize the balance between L1 execution efficiency and block building. Meanwhile, ENS is highlighted as "critical Ethereum infrastructure", with the team continuing to engage relevant stakeholders to advance its development. For team expansion, EthLabs has received over 300 applications to date, having processed roughly 20% of them. The team aims to grow to around 10 members in the short term, and roughly 20 in the medium term, prioritizing talent with engineering capabilities and domain expertise. On the funding front, EthLabs noted its current financing round is nearing completion, having secured early backing from investors including BitMNR, Sharplink, and Ethereum Joseph. It plans to add 1–2 core investors before moving to the next phase.

According to monitoring by OnchainLens, a newly created wallet withdrew approximately 323.72 Bitcoin from Binance in the past hour, valued at around $20.59 million.

The CLARITY Act’s original target of being signed into law by July 4 has been missed, and the window for its passage ahead of the midterm elections is rapidly narrowing. While most Senate work can advance behind the scenes during the summer recess, House of Representatives procedures are currently at a standstill. Negotiators remain optimistic about passing the bill by 2026, but key coordination must be completed before the Senate recess on August 7. If the bill fails to pass before the midterms, should the Democrats take control of Congress after the election, they will likely demand major revisions to the legislation.