Core Viewpoint - Sun Yuchen, the founder of TRON, has gained significant media attention not for cryptocurrency but for his recent space flight, becoming the youngest Chinese commercial astronaut at 35 years old [1][3]. Group 1: Space Journey and Publicity - Sun Yuchen paid $28 million for a seat on Blue Origin's New Shepard rocket, which was part of a broader strategy to generate publicity for his cryptocurrency ventures [3]. - His space journey is seen as a culmination of his marketing tactics, which include high-profile events like dining with Warren Buffett and investing in Trump's cryptocurrency project [3][7]. Group 2: Cryptocurrency Empire - Sun Yuchen has built a vast cryptocurrency empire, with TRON's on-chain assets reaching a historical high of $119.7 billion as of July 2023 [10]. - The TRON ecosystem includes a public blockchain, various tokens, stablecoins, and applications, creating a closed-loop business model that supports the value of TRX [12][15]. Group 3: Controversies and Legal Issues - Sun Yuchen faces legal challenges, including a lawsuit from the SEC for alleged market manipulation and selling unregistered securities, which has led to a significant drop in TRX's price [16][17]. - Despite these challenges, he has sought to distance himself from U.S. regulations by obtaining diplomatic positions in Grenada and other micro-nations [18]. Group 4: Future Outlook - The success of TRON's listing and Sun Yuchen's investments in Trump's administration have positioned him as a prominent figure in the cryptocurrency space, but the sustainability of his empire remains uncertain due to inherent risks [19].

金十数据8月4日讯，英国前财政大臣乔治•奥斯本对工党政府对待加密货币的方式发起了猛烈抨击，他 警告称，英国有可能错过一场类似于"上世纪80年代的金融大改革"，进而落后于潮流。奥斯本现在是美 国加密货币交易所Coinbase全球顾问委员会的成员，他说，财政大臣里夫斯和英国央行行长贝利正在让 英国走在慢车道上。奥斯本称："瑞秋•里夫斯说得对，我们都变得过于厌恶风险了。我们之所以成为世 界金融中心，是因为我们不害怕变化。""在加密货币和稳定币上，就像在很多其他事情上一样，一个残 酷的事实是：我们完全被抛在了后面。是时候迎头赶上了。"奥斯本表示，指责监管机构过度谨慎是一 个"站不住脚的借口"，里夫斯应该效仿美国国会，在法律上制定一个加密框架。他警告称，美国、欧 盟、新加坡和阿布扎比等地都在抢在英国前面。 （英国金融时报） 英国前财相：英国在加密货币领域落后了 ...

一场经济风暴正席卷美国。7月美国新增就业人数仅为7.3万，不及预期值的一半，这颗"核弹"级数据引爆了华尔街，并引发了一系列连锁反应，从股市暴跌 到黄金飙涨，从特朗普的怒火到美联储的左右为难，美国经济的脆弱性暴露无遗。 数据修正引发的轩然大波 美国经济：核弹级就业报告引发的震荡 面对这组令人沮丧的数据，特朗普总统立刻在社交媒体上发飙，指责拜登政府"编造假数据"，并顺带炮轰美联储主席鲍威尔"也该退休了！" 几小时内，劳 工部迅速做出反应，由副局长威廉·威亚特罗斯基临时接替局长职务。民主党参议员伊丽莎白·沃伦则严厉批评特朗普，认为他将经济困境归咎于统计学家， 是将统计学家作为替罪羊的行为。 劳工部"擦屁股"内幕 劳工部试图平息众怒，解释数据下调的原因是企业补充问卷的陆续提交以及季节性调整的需要。然而，更令人担忧的是调查回复率的下降。疫情前，回复率 超过70%，如今却跌破60%，这导致了初始数据的严重偏差。更令人尴尬的是，去年3月的数据也曾高估了81.8万个岗位，创下2009年以来的最大误差。安永 经济学家指出，政府预算削减也是导致数据失真的一大原因，甚至连CPI数据都停止了对三个城市的更新。 市场血流成河 受此消息 ...

稳定币，正式进入"监管元年"。 8月1日，香港《稳定币条例》正式生效，涵盖涉及稳定币的活动、稳定币牌照发放、持牌人监管等方面。根据条例，在香港发行锚定法币的稳定币或推广相 关发行业务，必须获得香港金融管理局发放的稳定币发行人牌照。 蚂蚁、京东等均申请，首批牌照或于26年初发出 根据香港《稳定币条例》，符合以下说明的加密保护数码形式价值即属稳定币： 颇受外界关注的稳定币发行人发牌制度及牌照申请，也于8月1日开始。此前香港金融管理局已发布多个说明及指引，列明发牌制度的指引及发牌程序、对持 牌稳定币发行人的监管期望等具体要求，符合条件的机构可于2025年9月30日前提交申请。 根据金管局要求，牌照申请人需为在香港注册成立的公司，或在香港以外注册成立的认可机构，该申请人须具备足够的财政资源及流动资产，即不少于2500 万港元实缴股本或可自由兑换成港元的其他货币，以履行其现在或将来到期的义务；同时还有风控、合规、信息披露等详尽监管要求。 美国方面的监管政策也于7月落地。当地时间7月18日，美国总统特朗普在白宫正式签署《指导与建立美国稳定币国家创新法案》（GENIUS，简称《天才法 案》），确立了在美国建立稳定币的法律和 ...

Market Overview - The cryptocurrency market is experiencing a significant downturn, with Bitcoin briefly falling below $112,000 [2][4] - As of the latest report, Bitcoin is priced at $112,526.3 [2] - Other cryptocurrencies, including Ethereum, Dogecoin, and BNB, have also seen declines of over 3%, with Dogecoin experiencing a 19% drop over the past week [4] Market Data - Bitcoin's market capitalization is approximately $2.24 trillion, with a 24-hour trading volume of $57.35 billion [5] - Ethereum is priced at $3,404.20, with a market cap of $409.07 billion and a 24-hour trading volume of $29.76 billion [5] - The total liquidation amount in the cryptocurrency market over the past 24 hours exceeded $369 million, with long positions accounting for $310 million and short positions for $58.17 million [6] Economic Context - Recent U.S. non-farm payroll data for July fell significantly short of expectations, indicating a deteriorating labor market, which has led traders to increase bets on a potential interest rate cut by the Federal Reserve in September [6] - The growing concerns about a U.S. economic recession have heightened market risk aversion [6]

Market Overview - The cryptocurrency market has been experiencing a downward trend since July 31, with Bitcoin briefly falling below $112,000 [3][5] - As of the latest report, Bitcoin is priced at approximately $112,526.3 [3] - Over the past 24 hours, more than 110,000 traders have been liquidated, with a total liquidation amount of $369 million, including $310 million from long positions and $58.2 million from short positions [6][7] Price Movements - Other cryptocurrencies have also seen declines, with Ethereum, Dogecoin, and BNB dropping over 3%, and Dogecoin experiencing a 19% decline over the past week [5] - Bitcoin's market dominance has been increasing, reaching an average of 59.3% in 2025, marking a continuous rise for three years [10] Institutional Activity - Trump Media & Technology Group has accumulated approximately $2 billion in Bitcoin, making it one of the largest publicly traded companies in terms of Bitcoin holdings [10] - The company's financial assets have grown to about $3.1 billion, a year-on-year increase of approximately 800% [10] Economic Context - Recent U.S. non-farm payroll data has significantly underperformed expectations, indicating a deteriorating labor market and increasing bets on a potential interest rate cut by the Federal Reserve in September [8] - This economic backdrop has heightened market risk aversion, impacting cryptocurrency trading sentiment [8] Technical Analysis - Analysts suggest that Bitcoin is currently in a consolidation phase, with $115,000 identified as a key support level. A drop below $114,000 could test support levels between $111,000 and $112,500 [10] - Long-term holders currently control 53% of Bitcoin's supply, indicating a need for new capital inflows to support prices amid potential selling pressure [10]

Group 1 - The Non-Farm Payrolls (NFP) is a key economic indicator released monthly by the U.S. Department of Labor, reflecting employment growth outside the agricultural sector [3][4] - NFP data significantly influences traditional financial markets, including stocks, bonds, and commodities, and is increasingly impacting the cryptocurrency market [4][22] - The relationship between NFP data and cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) is becoming more pronounced, as these assets are now viewed similarly to risk assets and gold [4][22] Group 2 - Strong NFP data typically leads to expectations of interest rate hikes by the Federal Reserve, which can pressure risk assets like BTC, while weak data may enhance expectations for rate cuts, benefiting these assets [7][8] - The correlation between NFP data and cryptocurrency prices is evident, with altcoins often experiencing more volatility than BTC due to lower liquidity [8][5] - The increasing participation of institutional investors in the cryptocurrency market is tying BTC and ETH prices more closely to macroeconomic indicators [4][22] Group 3 - In August, BTC experienced a pullback, testing a critical support level of $112,000, with expectations of a subsequent upward trend aligned with potential rate cuts in September [17][19] - ETH also faced a decline but is expected to test higher resistance levels, with significant trading volume indicating strong market interest from institutional investors [19][22] - The upcoming NFP data release is anticipated to influence both traditional and cryptocurrency markets, highlighting the interconnectedness of these financial ecosystems [21][22]

Group 1: Currency Market Impact - The US dollar experienced a significant decline, with the dollar index dropping 1.37%, marking the largest decrease since mid-April [1][2] - The dollar fell 2.23% against the Japanese yen and 1.48% against the euro, indicating a broad weakening of the dollar [2][3] Group 2: Employment Data and Economic Outlook - The US added only 73,000 non-farm jobs in July, significantly below the expected 104,000, with previous months' data revised down by a total of 258,000, the largest downward revision since the pandemic [2][3] - Analysts suggest that uncertainty from US tariff policies is negatively impacting business sentiment and contributing to a deteriorating labor market [2] Group 3: Stock Market Reaction - US stock markets faced a sell-off, with the Dow Jones dropping over 500 points (1.23%), the Nasdaq down 2.24%, and the S&P 500 falling 1.6% [3] - Major tech stocks, including Amazon and Meta, saw significant declines, reflecting broader market concerns [3] Group 4: Cryptocurrency Market Response - The cryptocurrency market also faced a downturn, with Ethereum dropping over 5% and total liquidations exceeding $700 million in the past 24 hours [4] - The market saw over 160,000 liquidations, primarily affecting long positions, indicating a strong negative sentiment [4] Group 5: International Trade and Tariff Reactions - The US announced new tariffs ranging from 10% to 41% on various countries, leading to widespread international criticism and concerns about global economic impacts [5][6] - Countries like Germany, Switzerland, and Brazil expressed strong opposition to the tariffs, indicating potential trade negotiations and disputes [6][7]

Core Viewpoint - Bitcoin continues to demonstrate resilience and potential for long-term growth, having increased by 27% in 2025 and nearing all-time highs [1][2]. Group 1: Market Dynamics - Many investors may feel discouraged by Bitcoin's past price appreciation, but there remains significant upside potential [2]. - Recent developments, such as the approval of spot ETFs by the SEC and the establishment of a Strategic Bitcoin Reserve by the White House, have contributed to Bitcoin's legitimacy [4][5]. - The financial ecosystem supporting Bitcoin is expanding, with banks now permitted to custody the cryptocurrency for clients [4]. Group 2: Scarcity and Supply - The limited supply of Bitcoin, capped at 21 million units, is a critical factor for investment consideration [5]. - This supply limit is embedded in Bitcoin's software and is unlikely to change, reinforcing its scarcity [5]. - The contrast between the unlimited supply of fiat currency and Bitcoin's fixed supply underpins the investment thesis for Bitcoin [7]. Group 3: Economic Context - The U.S. federal debt has reached $37 trillion, with the money supply significantly increasing since the Great Recession, indicating ongoing financial mismanagement [6]. - As government debt and money supply continue to rise, Bitcoin's price is expected to increase, driven by its scarcity compared to fiat currencies [7].

读书，是使你拥有打破人生边界的底气，积累不断超越自己的资本。中国商报特别栏目 "阅"见商道来了，每期挑选一部书籍伴您同行。 关于投资，你最近关注哪个领域？ 香港《稳定币条例》已于8月1日正式生效。 稳定币（Stablecoin）是一种基于区块链技术的加密数字货币，通过锚定法定货币、大宗商品、主流加密资产，或依赖算法机制调节供应量，实现价格的 相对稳定。 根据ARK Invest报告， 2024年稳定币全年交易额达15.6万亿美元，分别相当于Visa和Mastercard的119%和200%，显示其在全球支付系统中的重要性日益上 升。OKG Research预计， 到2030年全球稳定币总供应量将达到3万亿美元，年度交易额有望突破100万亿美元。 7月31日早盘，稳定币指数上涨2.01%，机构资金净流入3.78亿元，大户资金净流入1.24亿元。成分股中数字认证涨停。 从现货比特币ETF上市到稳定币崛起，全球货币未来走向何方？ 今天咱们一起看看《加密货币与金融大变局》↓ 艾利艾咨询 成立于2008年，总部设在北京，在雄安、中国香港、新加坡等地设有子分公司。多年来，艾利艾咨询专注于战略研究、网络舆情及风险管理、战略 ...