The government of the Kingdom of Bhutan has made another transfer of 400 BTC, valued at approximately $30.62 million.

Federal Reserve official John Williams stated that bond yields are key information for the Fed to assess economic conditions. The recent rise in yields is mainly driven by strong economic performance, an upbeat economic outlook, and robust investment demand, with some correlation to Middle East conflicts. For now, yields do not appear to be significantly impacted by inflation prospects. Williams emphasized that the Fed will comprehensively consider all economic data, with its core mandate remaining achieving price stability, and bringing inflation down to 2% as the top priority. Tariffs and the Middle East conflict are the main factors keeping inflation above the target; no second-round inflation effects from tariffs have been observed so far, and inflation expectations remain anchored. Recent inflation data is encouraging, showing an overall downward trend, though services inflation remains notably high. He noted that the labor market is stable and solid, and it is necessary to push inflation back to 2% over the foreseeable future. Before making the next policy decision, Williams wants to further monitor and analyze economic data, and will continue gathering information for the upcoming FOMC meeting. He supported the July FOMC decision, deeming the current interest rate level appropriate, and that monetary policy implementation is proceeding smoothly. (Source: Jin10)

Solana Foundation Chair Lily Liu published an article stating that funds, assets, and ownership are migrating to all-weather internet infrastructure, giving rise to a long-term "token super cycle". Tokenization is not merely moving assets onto the blockchain—it transforms the assets themselves, enabling value to be issued, held, financed, and traded in a non-stop market. She noted that stablecoins have already proven funds can flow globally on-chain; financial institutions are driving asset tokenization; blockchain infrastructure is now meeting the speed and cost requirements of real economic activities; and AI economic agents need programmable currency. As these factors converge, any value with clear ownership could be tokenized, gaining broader distribution, financing, and trading channels. Over the past year, Solana-based Real World Asset (RWA) trading volume reached hundreds of billions of U.S. dollars, covering tokenized U.S. Treasuries, stocks, and private credit; during the same period, stablecoin transfers exceeded $4.7 trillion. Liu added that tokenization also allows more investors to break through geographic, minimum investment, and eligibility restrictions, while enabling held assets to be used as collateral or generate yields. Although the current on-chain market size is still far smaller than traditional markets, related infrastructure could reach 5.5 billion global internet users in the future.

According to Bloomberg, crypto entrepreneur David Bailey—who once helped shift Donald Trump’s stance toward supporting Bitcoin—is now trying to rebuild his Bitcoin treasury firm Nakamoto after its stock price plummeted roughly 99% from its peak. Previously, Bailey raised around $760 million for the public company to build up its Bitcoin reserves. Nakamoto went public via a merger in May 2025, and its stock has since fallen roughly 99% from its all-time high. This decline is part of a broader pullback across digital asset treasury firms, as the premium investors once paid to hold Bitcoin indirectly via public companies has largely evaporated. Bailey’s hedge fund previously generated a 640% return from similar strategies. He noted that he still occasionally communicates with the White House and is working to prove that Nakamoto has a viable, sustainable business despite the sharp stock drop.

US Commerce Secretary Lutnick said Wednesday that the Trump administration is considering a new round of import tariffs on semiconductors, potentially further raising taxes on foreign chips to attract more semiconductor manufacturing to shift to the U.S. However, these tariffs may be implemented in conjunction with tariff relief measures for companies investing in U.S. domestic manufacturing, following the Trump administration’s earlier approach for the pharmaceutical industry. Lutnick stated, “This is the principle the semiconductor industry should follow: if you manufacture in the U.S., we will grant you tariff relief; if you do not, you will pay tariffs. This is a very wise approach and it works.” The Trump administration had previously imposed a 25% tariff on some advanced semiconductors, and in January this year, after the U.S. Department of Commerce completed a related trade investigation, it ordered additional import tariffs on these chips. However, the scope of the new round of tariffs may expand from semiconductors themselves to products containing chips, thereby affecting imports of data center servers and consumer electronics.

According to BIT (bit.com) market data, the three major U.S. stock index futures advanced: Nasdaq futures turned positive, Dow Jones futures rose 0.35%, and S&P 500 index futures gained 0.19%.

According to Bitget market data, U.S. Treasury yields have dropped sharply. The yield on the 30-year U.S. Treasury note fell 5 basis points from its intraday high to 5.25%. Dow Jones futures and S&P 500 futures erased their intraday losses to turn positive. International oil prices are currently down 1%, after rising more than 2% earlier in the session.