ARK Invest made large purchases of SpaceX, Circle, and Cloudflare yesterday, while cutting its stakes in Snowflake and Roblox.

Citrini analyst Jukan stated that South Korean PCB and packaging substrate manufacturers are expected to sustain their strong Q2 performance, with further improved profit expectations for Q3. Taking Daeduck Electronics as an example, the company’s Q2 revenue reached 401 billion won, up 63% year-over-year; operating profit hit 70.3 billion won, surging 3,599% YoY. Simmtech recorded revenue of 514.6 billion won in the same period, up 51% YoY, while its operating profit rose 1,035% YoY to 62.9 billion won. TLB posted revenue of 88.2 billion won, up 38% YoY, with operating profit growing 86% YoY to 12.8 billion won. Jukan pointed out that Daeduck Electronics’ core advantages lie in FC-BGA, FC-CSP semiconductor packaging substrates and multi-layer PCBs (MLBs) needed for AI data centers; Simmtech focuses on packaging substrates and storage module PCBs; TLB mainly supplies server DDR5 and enterprise SSD-related PCB products. He noted that as leading industry players such as Taiwan’s Unimicron prioritize allocating production capacity to high-value ABF substrates and reduce BT substrate capacity, some BT substrate orders may shift to South Korean manufacturers, bringing new growth opportunities for Daeduck Electronics and Simmtech. Additionally, Jukan emphasized that SOCAMM is emerging as a new growth variable. With NVIDIA’s next-generation AI platforms, Vera Rubin GPU and Vera CPU, set to enter the shipment phase, demand for SOCAMM PCBs is expected to heat up, benefiting related suppliers Simmtech and TLB and further driving growth in the AI infrastructure supply chain.

Serenity stated in a post that the White House has finally ramped up investment in critical minerals and materials, a "surprising" policy move that will help advance the construction of U.S. critical supply chains. Among publicly traded firms, FEAM secured $8 million in funding for boron material development, while HREE received $4.8 million earmarked for magnetic rare earth materials. Additionally, the U.S. government has allocated funding to private enterprises, including a $150 million investment in Niron Magnetics and $85 million in Standard Bauxite. Serenity noted that while these funding sums are just "pocket change" for the U.S. government, they can leverage extensive downstream industrial applications and play a key role in reducing critical material supply chain risks. However, he added that current investment levels remain insufficient to fully resolve supply chain issues, requiring more funding in the future to accelerate the implementation of critical mineral projects and mitigate industrial chain development risks. Serenity emphasized that he does not hold stocks in any of the aforementioned companies and only endorses the policy direction.

According to monitoring by Onchain Lens, a whale withdrew 30,000 ETH from Coinbase Prime, valued at approximately $57.21 million. Data shows the whale subsequently distributed the funds to three newly created wallet addresses: 0x53242ee9951DA20d5C6CF587D9753042249E23D4, 0x7A71F135F23F4a84b7658788541F6a22a75644e6, and 0x40187986A4228e2dd1f3E319d5716d81250528a5.

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.