Bitcoin's Puell Multiple Indicator Shows Miner Pressure, Analysts Say $59,000 May Be This Cycle's Bottom

On-chain perpetual futures trading platform Extended has announced the launch of the RWA Prime market, which distinguishes itself from regular RWA markets by supporting RWA assets typically not covered by other platforms. Trading operates on a 24/5 basis or exclusively during the regular trading hours of underlying stocks; trading is suspended on weekends, stock market holidays, and non-trading periods, though positions remain open. Its funding rate mechanism is benchmarked against the Secured Overnight Financing Rate (SOFR). Due to its request-for-quote (RFQ) trading model and absence of a real underlying order book, the rate is determined by open interest skew rather than the bid-ask spread impact premium used in traditional perpetual contracts. As of August 5, RWA Prime has listed approximately 36 stock assets spanning sectors including semiconductor equipment (KLA Corp, Microchip Technology), semiconductor foundry (GlobalFoundries), electronic design automation (Synopsys, Cadence), Chinese concept stocks (PDD Holdings), cloud computing and software (Datadog, Autodesk, Shopify), and Bitcoin mining firms (MARA Holdings, Riot Platforms, CleanSpark, IREN Limited).

U.S. President Donald Trump’s helicopter was involved in a flight safety incident in Washington on local time the 4th. The White House stated that the incident posed no personal safety risks, though the U.S. Federal Aviation Administration (FAA) has launched an investigation. According to reports, Trump took "Marine One" from outside the White House on the afternoon of the 4th, heading to Joint Base Andrews before transferring to "Air Force One" for Los Angeles. No further details about the incident have been disclosed so far. (Source: CCTV News)

Mastercard and stablecoin network Borderless will launch a pilot project to explore whether Mastercard’s Crypto Credential standard framework can provide compliance signals for cross-border stablecoin payments, helping participants integrate the framework into their own approval, compliance and risk processes. Kevin Lehtiniitty, co-founder and CEO of Borderless, said that Mastercard is applying the correspondent banking trust model to digital asset payments in this initiative, with Crypto Credential serving as a governance and verification layer, and Mastercard itself will not participate in fund processing or settlement.

According to GMGN data, the Robinhood Chain meme coin CASHCAT has rebounded to a market cap exceeding $100 million, surging over 27.8% in the past 24 hours with a 24-hour trading volume of $20.1 million. BlockBeats reminds users that meme coins are highly volatile, and investors should exercise caution regarding associated risks.

US July ADP employment data released today shows 44,000 jobs added, against an expectation of 70,000 and a prior reading of 98,000. US private sector hiring slowed sharply in July, with most new positions coming from the healthcare sector. The ADP report states that seasonally adjusted non-farm payroll growth (excluding government sectors) came in at 44,000 for the month, lower than the downwardly revised 95,000 in June and also below the market forecast of 75,000. Overall, all job growth came from the service sector, which added 47,000 positions, while goods-producing firms cut 3,000 jobs. Among these roles, the education and health services sector created 36,000 jobs, continuing its long-standing trend of leading employment growth. Financial activities added 10,000 positions, professional and business services contributed 9,000, and other service categories saw a 6,000 increase. ADP Chief Economist Nela Richardson said: "Job seekers are extremely sensitive to real-time economic conditions, and the rapid rise in their wages indicates supply constraints in some parts of the labor market. At the same time, as employers respond to changing macroeconomic conditions, typical hiring patterns are also shifting."

Visa announced a partnership with on-chain infrastructure provider Zerohash to integrate stablecoin functionality into its Visa Direct platform. Eligible customers will be able to use stablecoins to pre-fund merchant accounts, as well as conduct fund transfers and payments via stablecoins. Visa Direct currently connects over 195 countries and regions worldwide, with more than 18 billion endpoints, covering bank cards, bank accounts, and digital wallets. The integration aims to boost capital deployment efficiency, settlement flexibility, and fund arrival speed in cross-border payments. Zerohash will provide underlying technology and compliance support. The company previously became the first enterprise to obtain a license under the EU’s Markets in Crypto-Assets (MiCA) framework and hold e-money institution status.