Standard Chartered Hong Kong said it plans to announce the launch of the Hong Kong dollar stablecoin HKDAP in August.

A new survey commissioned by crypto firm Coinbase and conducted by Focaldata shows that more than half of Americans believe consumers would receive better protection if Congress passes the crypto industry’s most important current regulatory bill. Additionally, 36% of respondents say they are more inclined to vote for a candidate who supports this bill, including 38% of Democratic-leaning voters and 41% of Republican-leaning voters. Only 14% of respondents say they would be less likely to support such a candidate, while roughly half of the remaining respondents are neutral or undecided.

JPMorgan strategists hold that as market performance broadens across more sectors, tech stocks or AI-related equities are unlikely to serve as the primary drivers of market returns in the second half of the year. The team led by Mislav Matejka stated that most of the sell-off in momentum trading has likely concluded, with semiconductor stocks now near oversold levels. The team wrote in the report: "As earnings per share momentum remains upward, this should help stabilize related stocks." However, it projects that market performance will continue to spread to additional sectors, and reiterated that amid heightened geopolitical tensions, investors are advised to buy on dips.

According to market data from BIT (Bit.com), Micron Technology (MU.O) fell 1.5% in pre-market trading on the US stock market.

According to GMGN market data, influenced by Binance founder CZ’s tweet “Why run around everywhere, Binance has everything”, the related BSC-based meme coin “Bi You” skyrocketed over 1200% before plunging by half. As of press time, its market cap stands at $11 million, with a 24-hour trading volume of $11.3 million. Searches show that Binance co-CEO He Yi first mentioned this slogan in a public post on X on July 2, and later shared two related tweets on July 28 and 31 respectively. GMGN data further indicates that “Bi You” was created on July 28 and migrated to an external exchange on July 31.

According to market data from BIT (Bit.com), US-listed AI computing power service providers saw pre-market gains: Oracle, CoreWeave, and Nebius rose nearly 2% each, Amazon gained 1%, and Google and Microsoft increased nearly 1%.

The Bank of Japan (BOJ) said on Monday that global demand for artificial intelligence (AI) could exert sustained upward pressure on Japan’s inflation, signaling growing concern over inflation risks at the central bank, which may further strengthen its case for an imminent interest rate hike. The BOJ noted that in the medium to long term, AI adoption should boost productivity, and as firms and workers gradually adapt to the technology, it will exert downward pressure on prices. However, the BOJ stated, "In the short term, the inflationary impact of the AI-driven investment boom could outweigh the effects of productivity gains." This is because stronger investment activity will boost demand and drive up prices. The central bank added that the rise in global producer prices stems partly from higher oil prices due to the Middle East conflict, and partly from a "positive global demand shock" for AI-related goods. The report noted that the spillover effects from AI demand will persist for some time. Combined with rising import costs due to the yen’s depreciation, Japan’s domestic inflation is likely to face sustained upward pressure. (Jin10)