ETH breaks through the $1600 mark

Spot gold fell over 1% and is now trading at $3966.34 per ounce. New York gold futures fell below $3980 per ounce, with a intraday drop of 1.51%.

Polymarket data shows that the probability of the Clarity Act becoming law in 2026 has decreased to 39%. （Cointelegraph）

The photovoltaic energy storage sector of China's A-share market opened significantly lower, and the inverter index fell due to panic selling of funds. Sungrow's stock price fell by over 19% at one point, and Sungrow stated that it is currently investigating and has no specific impact data. GoodWe stated that last year's sales in the United States were only over 100 million yuan, compared to 30 million yuan in the first half of the year, with limited direct impact. Ginlong stated that last year, the proportion of US exports was less than 1%, and the impact can be ignored. Several other companies have stated that the reported content is inconsistent and are currently tracing the original source to assess the impact.

Prediction market index provider Adjent has completed a $2.5 million Pre Series funding round, with investors including Night Capital, VanEck, UFO Holdings, Maven11, and DCG. Adjacent is an independent third-party provider of event contracts and predictive market indices. This week, it launched the US election index series RED and BLUE, and expanded its index products to cover global election, finance, economy, and other fields.

According to Bitcoin News, Bitcoin Core contributor and BIP maintainer Jon Atack advises users to avoid Bitcoin transfers in the second week of August until the potential risk of chain restructuring subsides. Jon Atack stated that he will run both Core and Knots 110 versions simultaneously for observation and isolate his Bitcoin assets. Jon Atack stated that independent thinking and choosing priority directions are the paths to dealing with complex problems.