U.S. pre-market trading sees simultaneous gains in the semiconductor, storage, and optical communication sectors, with AAOI surging over 15%.

U.S. July unemployment rate and non-farm payrolls data will be released at 20:30 Beijing time tonight. Below are institutional forecasts for the U.S. July unemployment rate: National Bank of Canada: +4.1% Deutsche Bank: +4.2% Mizuho Securities: +4.2% HSBC Holdings: +4.2% Royal Bank of Canada: +4.2% Danske Bank: +4.2% BNP Paribas: +4.2% Wells Fargo: +4.2% Berenberg Bank: +4.2% Commonwealth Bank of Australia: +4.2% Oxford Economics: +4.2% Pantheon Macroeconomics: +4.2% Skandinaviska Enskilda Banken (SEB): +4.2% Société Générale: +4.2% Moody's Analytics: +4.2% Nomura Securities: +4.2% Bank of Montreal: +4.2% Barclays: +4.2% TD Securities: +4.2% High Frequency Economics: +4.2% Sumitomo Mitsui Banking Corporation: +4.3% Morgan Stanley: +4.3% JPMorgan Chase: +4.3% Vanguard: +4.3% Daiwa Capital Markets: +4.3% Lloyds Bank: +4.3% Scotiabank: +4.3% Standard Chartered: +4.3% Westpac Banking Corporation: +4.3% ING Group: +4.3% Capital Economics: +4.3% Citigroup: +4.3% NatWest Group: +4.3% Commerzbank: +4.3% Goldman Sachs: +4.3% UBS Group: +4.3% Canadian Imperial Bank of Commerce: +4.3% Bank of America Merrill Lynch: +4.3% U.S. Bancorp: +4.3% Reuters' expectation: 4.2%

A federal judge in Michigan has rejected Coinbase’s request for a preliminary injunction to block the state government’s enforcement actions against sports event contracts. U.S. District Judge Shalina Kumar of the Eastern District of Michigan ruled Thursday that Coinbase failed to prove it was likely to succeed on the merits of its claim that federal law preempts Michigan state jurisdiction. The cryptocurrency exchange sued Michigan in December 2025, arguing that prediction markets fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) under the federal Commodity Exchange Act (CEA), rather than state regulators. Coinbase specifically sought to provide customers, including those in Michigan, access to event contracts issued by Kalshi via its platform. According to the lawsuit, the exchange claimed Michigan’s laws constitute “conflict preemption” that undermines Congress’s efforts to build a unified federal regulatory system.

Data from Hong Kong trading platforms shows that JPMorgan Chase’s stake in Zhongji Innolight H-shares rose from 13.48% to 15.02% on August 4, with an average purchase price of HK$1,150.8522 per share.

According to the latest compiled data on current earn products for major centralized crypto exchanges (CEXs), platforms including HTX, Binance, OKX, and Bitget still structure their stablecoin current yields primarily as "high returns for small amounts, tiered reductions for excess sums". Among these, yields for small tiers of USDT and USDC stand out. For USDT: HTX’s 0–200 USDT tier offers an annualized yield of 10%, which drops to 1.95% for amounts exceeding 200 USDT; Bitget’s 0–300 USDT tier is 6.30%, with excess amounts yielding 1.64%; Binance’s 0–200 USDT tier is 4.63%, and excess amounts yield 1.63%; OKX’s USDT tier yields 2.24%. For USDC: HTX’s 0–200 USDC tier has an annualized yield of 8%, falling to 2.75% for amounts over 200 USDC; Bitget’s 0–300 USDC tier is 6.66%, with excess amounts at 1.36%; OKX’s is 2.46%; Binance’s is 1.96%. For other stablecoins: HTX’s USDT VIP tier offers an annualized yield of 6%–9%, applicable for amounts between 50,000 and 100,000 USDT; Bitget’s USDT VIP 0–300,000 tier is 2.68%, with excess amounts yielding 2.36%. USDE’s displayed annualized yields on HTX and Bitget are tiered at 5% and 3% respectively, plus a 1.00% rate for excess sums; HTX’s USDD yields 4.00%; Binance’s U product’s 0–8,000 tier has an annualized yield of 8.57%, dropping to 0.57% for amounts over 8,000. Overall, current high yields for stablecoin current accounts on major CEXs remain concentrated in small amounts, while yields for large sums have generally declined. When comparing related products, users should not only consider the nominal annualized yield, but also pay attention to tier limits, interest calculation rules, supported currencies, and real-time product availability. The above data are platform-displayed yields and do not constitute investment advice.

According to on-chain analyst Ai Yi (@ai_9684xtpa), addresses linked to the Kingdom of Bhutan have once again deposited 434.86 BTC into Binance over the past five hours, worth $27.96 million.

An Nvidia spokesperson has refuted market reports that the company is accelerating its entry into the telecom operator market and seeking base station manufacturing partners in China, stating: "This report is completely unfounded, and the description of our activities in the region is also untrue." Earlier reports had claimed Nvidia is speeding up its push into the telecom operator market and looking for base station partners in China. (The Paper)