Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

According to market data from BIT (bit.com), crypto-related stocks generally fell after U.S. markets opened on Friday. Coinbase (COIN) dropped 12.29% due to its second-quarter revenue coming in below expectations, while other crypto stocks also saw notable declines: BitMine (BMNR) down 7.33%, SharpLink (SBET) down 5.94%, Strategy (MSTR) down 5.74%, Bullish (BLSH) down 5.49%, Circle (CRCL) down 5.19%, and American Bitcoin (ABTC) down 4.58%.

According to monitoring by Onchain Lens, a Hyperliquid trader has been liquidated a total of 360 times. The trader’s BTC and SOL positions were partially liquidated again recently, with a total exposure of roughly $1.47 million, and the realized loss from this round is approximately $35,100. Data shows the trader’s cumulative historical profit and loss stands at about -$12.5 million.

Fed Governor Logan said he leans toward a 25 basis point rate hike, noting that inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan added that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while stressing that the Federal Reserve cannot count on unexpected shocks to meet its inflation target.

According to HTX market data, Bitcoin has fallen below $63,000, with a 2.9% decline in the past 24 hours.

According to market data from BIT (bit.com), all three major U.S. stock indexes have turned negative, with the Dow Jones Industrial Average down 0.14%, the S&P 500 down 0.18%, and the Nasdaq down 0.04%.

As earnings season draws to a close, inflation, Federal Reserve policy uncertainty, and geopolitical tensions have returned to the market spotlight. Traders are increasing hedging positions targeting the overall volatility of the S&P 500, while demand for downside protection for the index is also rising. Goldman Sachs favors anti-dispersion trades, which involve betting on a rise in S&P 500 index volatility and a fall in individual stock volatility. This strategy reflects market expectations that macro risks may drive a rise in stock correlations, causing the index’s overall volatility to exceed that of individual stocks. Additionally, as the historically volatile August-to-September period approaches, investors are further boosting downside protection to prepare for potentially larger swings in the S&P 500.