[Mike Alfred claims institutions are using derivatives to manipulate Bitcoin's decline, Tom Lee agrees] Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that institutions are suppressing Bitcoin prices by manipulating perpetual contracts, futures, and other derivatives, attempting to scare the public into selling Bitcoin. He stated that this is one of the biggest scams in the market. BitMine Chairman Tom Lee retweeted the post and expressed agreement.

[The Ministry of Finance and the State Taxation Administration Announce the Resumption of VAT on Certain Bond Interest Income] The Ministry of Finance and the State Taxation Administration have announced that, starting from August 8, 2025, value-added tax (VAT) will be resumed on interest income from treasury bonds, local government bonds, and financial bonds issued on or after this date (including the date itself). For interest income from treasury bonds, local government bonds, and financial bonds issued before August 8, 2025 (including subsequent additional issuances), VAT exemption will continue until the bonds mature.

[U.S. Spot Bitcoin ETF Recorded a Net Outflow of $904 Million Yesterday] The U.S. Spot Bitcoin ETF recorded a net outflow of $904 million yesterday, according to data monitored by TraderT.

[Goldman Sachs Warns of Severe Volatility in U.S. Stocks and Increased Hedging Risks] John Flood, a partner at Goldman Sachs, pointed out that NVIDIA's performance failed to deliver the anticipated 'risk-off' signal, instead prompting traders to take urgent hedging measures to avoid losses. On Thursday, during early trading, the S&P 500 index rose by 1.9%, but turned negative before 1 p.m. local time, marking the largest intraday swing since April. The market capitalization evaporated by over $2 trillion from its peak and fell below the 100-day moving average. The fear index VIX surged above 26. Flood stated in his report that the market is now focused on hedging 'crowded risks,' and investors have shifted to a profit-and-loss protection mode.

Address 0x9f59 made a profit of 221 ETH (approximately 626000 USD) in less than 15 minutes by purchasing the token $jesse from @ jessepollak. It spent 67 ETH (approximately $190000) to purchase 76.15 million $jesse and paid 15.54 ETH (approximately $44000) as a transaction fee, then sold all $jesse for 303.53 ETH (approximately $860000). （Lookonchain）