U.S. initial jobless claims for the week ended July 18 totaled 187,000, falling to a near four-year low.

According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x2b6…32f6c went long on 751,734.8 CXMT (Changxin Memory, whose listed entity is Changxin Technology) at an average price of $6.7815 tonight. The position is valued at $4.945 million and currently holds an unrealized loss of $154,000, making it the third-largest CXMT position on Hyperliquid. The whale also went long on $4.04 million worth of SK Hynix.

According to Bitget market data, Brent crude futures have surged to $100 per barrel, marking the first time since the end of May. The rally is driven by the threat of escalating conflict with Iran, which has pushed US Treasury yields to their year-to-date highs. Markets now expect the Federal Reserve could raise interest rates as early as next week. The 2-year Treasury yield, highly sensitive to Fed policy expectations, rose around 4 basis points on Thursday to approximately 4.34%, hitting its highest level since early 2025. The 10-year Treasury yield touched a year-to-date high of 4.712%, while the 30-year yield climbed to 5.19%, slightly below its peak level since 2007. As Houthi militants claimed their first attack on commercial vessels in recent months, Brent crude prices are slowly rebounding to $100 per barrel. This ongoing rally has continued to pressure the US Treasury market, leading traders to increasingly believe that the Federal Reserve led by Wash will raise rates soon this year.

AI giant Anthropic is considering a relatively rare post-IPO arrangement that would require regular employees to sell their shares via a pre-set trading plan to avoid violating insider trading regulations. The company plans to use the 10b5-1 trading framework, which involves pre-defining the timing and volume of share sales and executing them according to the established schedule. Typically, such plans are primarily applicable to company executives, directors, and select finance and legal personnel. If Anthropic ultimately implements this, expanding the program to regular employees would be a relatively uncommon practice.

Nick Timiraos, a Wall Street Journal reporter widely known as the "Fed’s mouthpiece," said the Federal Reserve’s July 28-29 policy meeting will be one of the most unpredictable in recent years. Resurgent oil prices, rising risks tied to U.S. tariff policies, and some officials’ public shift toward supporting interest rate hikes are challenging the consensus for keeping rates steady. Data from the CME Group shows market expectations for a July rate hike have risen from roughly 10% last weekend to around one-third. The Fed’s 18 officials already hold clear divisions on whether additional rate increases are needed this year: half project at least a 25 basis point hike, while the other half see no need for adjustments. New Chair Wash has deliberately remained silent since taking office, refusing to provide forward guidance, leaving investors to guess policy directions blindly from remarks by other Fed officials.

Binance founder CZ has published a post paying tribute to BitMEX founder Arthur Hayes, expressing regret over BitMEX’s shutdown. Here are some of his thoughts: BitMEX was the first platform to launch 100x cryptocurrency trading as early as 2014. Delivery futures had already existed prior to that, leading to extremely high trading volumes on Fridays. BitMEX only accepted Bitcoin deposits, supported a single blockchain, allowed only one withdrawal per day, and required all withdrawals to be processed via a multi-signature wallet. These seemingly inconvenient restrictions actually helped the platform avoid hacker attacks. After 18 months of legal proceedings, the four founders ultimately pleaded guilty to violating the Bank Secrecy Act (BSA) one month before their trial. Each was fined $10 million and placed under house arrest; none were imprisoned. However, their business ultimately failed to survive the Biden administration’s so-called "crypto war". Finally, BitMEX’s liquidation process appeared orderly, enabling users to withdraw their assets. A tribute to Arthur Hayes.

According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.