Kocher: There is currently no significant second round effect, but the risk of persistent inflation still exists

JPMorgan Chase has raised its target price for MRVL. O from $240 to $305.

The Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Regulatory Authority, Mandatory Provident Fund Authority, and Hong Kong Cyberport have announced the list of participants for the first phase of GenA.I. Sandbox++. Out of nearly 100 proposed solutions, 36 use cases were selected from 30 financial institutions and 27 technology partners, including Bank of China Hong Kong, Huaxia Fund, Ant Blockchain, Google, IBM, and others. The first issue of GenA.I. Sandbox++focuses on exploring Agentic AI applications, covering areas such as customer account opening, payment, insurance claims, and customer interaction.

According to BIT market data, pre market cryptocurrency concept stocks in the US stock market generally fell, with CRCL falling 1.06%, MSTR falling 1.15%, MARA falling 1.26%, COIN falling 0.82%, RIOT falling 0.81%, BMNR falling 1.25%, SBET falling 2.25%, and PURR falling 1.03%.

Ethena plans to expand its cryptocurrency spot and perpetual contract arbitrage strategy to the stock perpetual contract market, in order to capture the premium of funding rates. Ethena's current peak cryptocurrency arbitrage allocation exceeds $8 billion, and the theoretical potential open interest size of perpetual stock contracts can reach $4 trillion. As of August 11th, the total open interest of perpetual contracts in the stock market reached 6.2 billion US dollars. The average annualized funding rates for Hyperliquid and Binance were 14% and 17.5%, respectively, while the annualized funding rate for Bitcoin was 4.1% during the same period.

According to data from HM Revenue and Customs, 240 individuals each declared over £ 1 million in cryptocurrency capital gains, totaling £ 717 million, accounting for over half of the total. All 17600 applicants had capital gains of £ 1.38 billion and disposal proceeds of £ 13.8 billion. Taxpayers who declare capital gains below £ 25000 account for 65%, contributing 7% of capital gains and 8% of disposal income. 54% of cryptocurrency taxpayers are aged 25 to 44, with males accounting for 87%. The UK is advancing the OECD Cryptocurrency Reporting Framework, requiring trading service providers to provide customer information, and those who fail to fulfill their obligations face a maximum fine of £ 300 per user. James Murray, the Financial Secretary of the UK Treasury, stated that capital gains from cryptocurrency assets are subject to taxation like other capital gains. The UK Treasury plans to defer capital gains tax on DeFi lending and depositing assets into liquidity pools until the actual disposal of the assets. For tax years 2025 to 2026, capital gains exceeding the tax-free limit must be declared before January 31, 2027. （Decrypt）