AiCoin Daily Report (July 31)

1. Powell stated that the labor market is solid, but the path for interest rate cuts has not been predetermined.

On July 31, "Federal Reserve Mouthpiece" Nick Timiraos posted on social media that Federal Reserve Chairman Powell took a "strong defensive stance" on whether to cut interest rates in September. When asked the leading question "What circumstances would trigger a rate cut in September?", Powell replied: "I will not provide a specific answer. We need to observe the evolution of data, and there are multiple possibilities. We will make decisions based on a comprehensive data analysis and risk balance assessment." As the Potomac Research Company often says: If we are hungry, we will naturally eat.

2. The White House will release a digital asset report at 2:30 AM today.

According to Crypto In America, the White House is set to release an important digital asset report today at 2:30 PM (Eastern Time), which is 2:30 AM Beijing time on July 31. The report originates from an executive order issued in January of this year and was led by White House Digital Assets and AI Special Envoy David Sacks, taking 180 days to complete. The report is expected to cover topics such as the regulatory framework for stablecoins and the national digital asset reserve.

3. Robinhood's cryptocurrency revenue in the second quarter grew by 98%.

On July 31, according to a report by Bloomberg, Robinhood Markets Inc. announced that its second-quarter revenue exceeded Wall Street expectations, driven by strong growth in its cryptocurrency trading business. The company stated in a release on Wednesday that total net revenue for the quarter grew 45% year-on-year to $989 million, surpassing the average analyst expectation of $921.5 million from a Bloomberg survey. Net profit also exceeded expectations, more than doubling to $386 million. Revenue related to cryptocurrency grew by 98%, reaching $160 million, slightly below the target of achieving triple-digit growth for the sixth consecutive quarter. Analysts had previously expected cryptocurrency revenue to be $162.1 million. In June of this year, Robinhood quickly attracted regulatory attention in Europe after offering "tokenized" stocks — shares of companies in the form of cryptocurrency — to 150,000 customers in 30 countries. Robinhood CEO Vlad Tenev stated in the release: "Tokenization is the most important innovation in our industry over the past decade."

4. The number of ADP employment in the US in July exceeded expectations, reaching 104,000.

The ADP employment figure in the U.S. for July is 104,000, expected to be 75,000, and the previous value was -33,000. -Original text

5. A giant whale bets $2.25 million that the Federal Reserve will keep interest rates unchanged.

On July 30, according to monitoring by Onchain Lens, the whale "bobe2" spent 2.25 million USD on Polymarket betting that the Federal Reserve's interest rate will remain unchanged in July 2025. At the same time, he also spent 144,700 USD to purchase 149,000 shares of the "No" option for "the Federal Reserve will cut rates by 25 basis points after the July 2025 meeting." -Original text

6. Anchorage Digital custodied over $1.19 billion in Bitcoin inflows.

According to Arkham data, Anchorage Digital received 10,141 bitcoins worth over $1.19 billion within 9 hours. It is currently unclear whether the inflow of funds is for principal purchases or client deposits held in custody. Previously, Anchorage Digital was appointed as the custodian of KindlyMD BTC reserves after merging with Nakamoto Holdings. As of June 20, the reserve has raised $763 million. -Original text

7. Hong Kong announces the permanent issuance of tokenized bonds.

According to the Hong Kong Government News Network, the Secretary for Financial Services and the Treasury, Xu Zhengyu, stated at a Legislative Council meeting that the Hong Kong government has announced the regularization of tokenized bond issuance in the 2025-26 Financial Budget. The Monetary Authority is currently preparing for the third issuance. Once the legislative work is completed, Hong Kong's regulatory framework will comprehensively cover the main nodes of the digital asset industry, balancing risk management and investor protection while providing favorable conditions for market development and financial innovation.

8. Brazil's VERT Capital plans to tokenize $1 billion of real assets.

On July 30, Brazil's credit structure and securities finance company VERT Capital plans to tokenize up to $1 billion in debt and receivables on the XDC network. As part of the transaction, the two companies will transfer financial instruments such as corporate debt, agricultural comprehensive enterprise receivables, and structured credit products to the blockchain over the next 30 months. -Original text

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