U.S. Employment Data Boosts Rate Hike Expectations, Gold Price Under Pressure and Gives Up Year-to-Date Gains

According to Bitget market data, Hong Kong-listed Zhipu (02513.HK) surged over 30% in the afternoon session. On the news front, the company announced the launch of a 1GW domestic computing power center and concurrently completed the acquisition of Zhongke Jiahe.

According to Bitget market data, Hong Kong-listed stock MINIMAX surged nearly 14%, currently trading at HK$219.4.

According to OnchainLens monitoring, an ancient crypto whale that has been dormant for four months transferred 1,000 BTC to the Binance exchange. Valued at approximately $65.56 million at current prices, the move appears to be in preparation for a sale. The whale began accumulating Bitcoin in November 2013 and has been steadily reducing its holdings over the past year.

According to monitoring by OnchainLens, a crypto whale deposited a total of $16 million USDC into the Hyperliquid platform over the past 24 hours, with the latest deposit amounting to $11 million. The wallet currently holds short positions worth approximately $43.9 million on Hyperliquid, including $28.3 million in SKHX shorts, $14.56 million in BRENTOIL shorts, as well as short positions in assets such as HIMS, SMSN, and NVDA.

According to GMGN monitoring, Robinhood ecosystem token PONS rallied sharply today, with its market cap briefly surging past $39 million to hit an all-time high, before pulling back to $28 million. It still holds a 39% 24-hour gain, with trading volume around $13.6 million in the same period. Market attention is centered on Robinhood CEO Vlad Tenev following PONS founder MEADGod this morning. Current market expectations revolve around competition for Circus Trade, the new meme token launchpad in the Bonk ecosystem. As one of the native tokens of the Pons launchpad, PONS broke through its previous high after renewed capital inflow. The Robinhood market has recently been consistently pricing on-chain infrastructure and "utility-type" tokens. Related reading: Robinhood's Launchpad Battle Royale: Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and concept hype, with no actual value or use cases, so investors need to exercise caution.

Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.