The number of non farm payrolls in the United States has been revised down by over 800000, which may exacerbate concerns that the Federal Reserve's interest rate cuts are lagging behind the situation

On July 8th, according to Cointelegraph, the Coinbase crypto lobbying group and several crypto companies are calling on US House members to pass the CLARITY bill as soon as possible during next week's meeting to clarify the regulatory framework for the crypto industry. In a joint letter issued on Monday, the Stand With Crypto Alliance and 65 crypto advocacy organizations and companies urged lawmakers to support the Digital Asset Market Clarity Act (CLARITY Act). The letter reads: "We know that some people are trying to politicize cryptocurrency legislation, but cryptocurrency technology is profoundly reshaping the global economy. If the United States does not quickly introduce friendly policies to support blockchain technology, it may fall behind other countries The CLARITY Act clarifies the division of responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in cryptocurrency regulation. The bill grants most of the regulatory authority over the cryptocurrency market to the CFTC, while securities related cryptocurrency products are regulated by the SEC.

According to AiCoin monitoring, a large amount of funds flooded into the US spot BTC ETF market yesterday, with a net inflow of up to 217 million US dollars. Among them, IBIT was the largest inflow, with a daily net inflow of 165 million US dollars; Next is FBTC, with a total of 66 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

According to Ming Pao, Yao Zhisheng, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, stated that stablecoins are a major opportunity for Hong Kong's financial development. In terms of international market payment demand, there will not be too many application scenarios for Hong Kong dollar stablecoins, and their usage is unlikely to be too large. For Hong Kong, the development of stablecoins is not mainly due to the importance of the Hong Kong dollar stablecoin itself, but rather because Hong Kong can take the lead in the field of stablecoins by internationalizing the renminbi, becoming the main platform for offshore renminbi stablecoins, and thus creating a global stablecoin issuance hub. The biggest opportunity for Hong Kong stablecoins is to develop renminbi stablecoins. Yao Zhisheng added that he would suggest the SAR government to seek central support for the development of officially certified offshore RMB stablecoins in Hong Kong, in order to enhance market confidence in offshore RMB stablecoins and promote their development, and to expand and strengthen offshore RMB stablecoins.

BlockBeats News: On July 8th, Letsbonk, a Meme startup platform under BONK, once again surpassed Pump.fun in terms of token issuance, graduation token count, and trading volume over the past 24 hours. According to Dune data, LetsBONK has issued approximately 21655 tokens in the past 24 hours, while Pump.fun has issued approximately 9952 tokens. LetsBONK has 229 graduation tokens and Pump.fun has 66. Jupiter's data shows that LetsBONK had a market share of 48.7% on Sunday afternoon, while Pump.fun had a market share of 40%.

OKEx has opened the spot trading pair SAHARA Project Introduction: The SAHARA dual currency win product allows users to 'buy low' or 'sell high' while earning annualized returns. Users can enjoy different returns based on their chosen strategy.