Bitcoin rebounds to break through $65,000.

As markets brace for the Federal Reserve’s next policy moves, the U.S. July non-farm payrolls report released yesterday delivered a heavy blow, shattering the illusion of robust economic growth. The data showed that the U.S. economy not only failed to add the expected 80,000 jobs in July, but instead cut 23,000 positions. This surprising figure, paired with a total downward revision of 103,000 jobs for May and June, immediately stoked Wall Street’s concerns about a cooling labor market. Analysts are divided in their interpretations of the "weak" report. Thomas Ryan, senior economist at Capital Economics, stated bluntly that while the current weakness has not yet shown up in broader indicators, it is enough to prompt Fed officials to re-examine the health of the labor market and reduce their willingness to further tighten monetary policy in the short term. Jeff Schulze, head of economic and market strategy at ClearBridge Investments, also noted that such seasonal fluctuations typically reverse in the fall, and underlying job creation remains in slight growth. The report has undoubtedly strengthened the case for the Fed’s dovish camp. Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, analyzed that the weak jobs data has indeed eased pressure for a rate hike in September, but she warned that the Fed’s decisions are not a single-variable function. If next week’s inflation data comes in hotter than expected, even a cooling labor market may not quiet internal calls for rate hikes. Against the report, which Adam Crisafulli, founder of Vital Knowledge, called "terrible", capital markets displayed classic counterintuitive logic. As traders bet the rate hike cycle would end here, U.S. stock futures rose sharply, and Treasury yields fell across the board. According to CME Group tools, the market-implied probability of a September rate hike has dropped rapidly from 55% on Thursday to 44%.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $101.7 million yesterday, marking five consecutive trading days of strong inflows.

HyperLabs unlocked another 433,025 $HYPE($23.46M) and has been gradually depositing the tokens into exchanges, including Flowdesk and OKX, likely to sell.

Cathie Wood’s ARK Invest adjusted stock positions across multiple ETFs yesterday, with its flagship ARKK fund making the following moves: Buys (holdings additions): 114,000 additional shares of Cloudflare (NET), 314,000 additional shares of Circle Internet Group (CRCL), 115,000 additional shares of SpaceX (SPCX), 59,700 additional shares of Coinbase (COIN), 16,300 additional shares of Cerebras Systems (CBRS), and 70,200 additional shares of Intellia Therapeutics (NTLA). Meanwhile, ARKK trimmed its holdings: 1,822 shares of Brera Holdings (SLMT), 101,500 shares of Snowflake (SNOW), and 1,599,000 shares of Roblox (RBLX).

According to Lookonchain’s monitoring, a whale wallet with an address starting with 0x7C5a has exited its Ethereum (ETH) position to cut losses after holding the asset for over three years, suffering a total loss of more than $19 million. On-chain data shows the whale purchased ETH at an average price of $2,723 in February 2022 and March 2023, and subsequently staked the tokens. Ten hours ago, this address sold 7,323 ETH, worth approximately $13.96 million.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against two Iranian cryptocurrency exchanges, Shelbit and Aban Tether, expanding the Trump administration’s "Economic Fury" campaign targeting Iran’s financial networks. The Treasury accuses the two platforms of being used for large-scale crypto asset transfers, evading U.S. sanctions, and supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and other entities designated by the U.S. as terrorist organizations. OFAC also sanctioned Shelbit operator Siavash Kayvanpour and multiple companies he controls in Georgia, Poland, and the United Arab Emirates. The Treasury noted that IRGC-linked wallets sent over $1 million in crypto assets to Shelbit and received more than $2 million from the exchange. Additionally, wallets linked to Kayvanpour are alleged to have transferred more than $2 million to Nobitex, Iran’s largest crypto exchange. The Treasury said Shelbit also serviced a network of over 2,000 gambling websites suspected of laundering tens of millions of dollars via crypto assets. Ahead of the sanctions, Reuters reported an investigation finding Shelbit processed at least $4 billion in transactions over the past two years, involving Iran’s gambling network, the Central Bank of Iran, and IRGC-linked entities. Data shows Shelbit-linked wallets transferred at least $676 million to Binance, with roughly $540 million of that amount coming after the Dubai Virtual Assets Regulatory Authority (VARA) penalized Shelbit for operating without a license. In addition, OFAC also sanctioned Iranian exchange Aban Tether, alleging it processed millions of dollars in transactions involving Nobitex and previously sanctioned platforms including Wallex, Bitpin, and Ramzinex.