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According to a report by Jinshi, a report from Goldman Sachs shows that hedge funds focused on the Asian market are facing the largest single-month drawdown on record, due to a widespread sell-off of AI concept stocks, which has erased most of the gains previously concentrated in this sector. As of July 28, these funds have averaged a decline of 18.6% this month. Goldman Sachs pointed out that since the year-to-date return peaked at 40% on July 22, these funds have given back 21 percentage points of their year-to-date gains.

According to monitoring by Catcher Predict, in the predicted market event "Boston Red Sox vs. Athletics" on Polymarket, the winning probability of the "Boston Red Sox" option in the sub-market "Boston Red Sox vs. Athletics" has experienced severe fluctuations, dropping from 54.5% an hour ago to the current 26.5% (a fluctuation of 28%). Please note the impact of related breaking news.

According to Jinshi reports, the euro against the dollar fell to a monthly low of about 1.1362 during the early European session on July 28. This major currency pair weakened as the market remained cautious ahead of the Federal Reserve's monetary policy announcement, with the dollar continuing its upward trend. The market generally expects the Federal Reserve to keep interest rates unchanged in the range of 3.5% - 3.75%, and investors will focus on the Federal Reserve's statement and Chairman Waller's press conference.Data from the Chicago Mercantile Exchange shows that the probability of a rate hike by the Federal Reserve in September is 80.8%. At the same time, investors are awaiting the release of the preliminary consumer price index data for Germany and the Eurozone for July.

According to monitoring by Catcher Predict, in the predicted market event "Boston Red Sox vs. Athletics" on Polymarket, the "Boston Red Sox" option in the sub-market "Boston Red Sox vs. Athletics" has experienced a dramatic fluctuation in winning probability, soaring from 54.5% an hour ago to the current 91.5% (a fluctuation of 37%). Please note the impact of related breaking news.

a16z crypto stated that the transfer activity of tokenized stocks is continuing to rise. In June 2024, the monthly transfer volume of tokenized stocks reached $9.22 billion, an increase of over 170 times compared to $53 million in the same period last year.This metric covers all on-chain circulation activities, including transactions, transfers between wallets, and operations deposited as collateral into decentralized finance protocols.

According to monitoring by Catcher Predict, in the Polymarket event "Athletics vs. Arizona Diamondbacks," the "Athletics" option in the sub-market "Athletics vs. Arizona Diamondbacks" has experienced significant fluctuations in winning probability, dropping sharply from 56.5% an hour ago to the current 39.5% (a fluctuation of 17%). Please note the impact of related breaking news.

Ethereum Foundation (EF) researcher Francesco D'Amato (fradamt) announced his departure from EF to join the newly established protocol development organization Ethlabs. D'Amato worked at EF for 5 years and was involved in several core research areas including MEV, consensus mechanisms, data availability sampling (DAS), and execution layer pricing.

The US spot Bitcoin ETF saw a net outflow of $4.5 billion in June, marking the worst monthly performance since its launch in January 2024. Bitcoin fell 20.48% in June, hitting a 21-month low of $58,190 on July 1. Citigroup lowered its 12-month price target for Bitcoin from $112,000 to $82,000, having previously reduced it from $143,000 on March 17. Citigroup also cut its 12-month price target for Ethereum from $3,175 to $2,240.Strategy sold 32 Bitcoins from May 26 to 31, amounting to approximately $2.5 million, marking its first sale since December 2022. As of May 31, it held 843,706 Bitcoins, and the board approved a Bitcoin sale framework of up to $1.25 billion. The open interest in leveraged Bitcoin futures dropped from about $31.3 billion around May 30 to about $21.6 billion at the beginning of June. Within two weeks, major holders increased their holdings by over 270,000 Bitcoins.

According to the latest data from Polymarket Builders, on July 14, Gate's prediction market ranked first in daily trading volume among all channels on Polymarket. With the World Cup semi-finals underway, trading related to the events remains active, and Gate's prediction market maintains its leading advantage. In addition, Gate's prediction market not only ranks first in daily trading volume but also leads in weekly and monthly trading volumes across all channels on Polymarket, continuously demonstrating strong performance and showcasing the platform's user activity and trading enthusiasm in the sports event prediction market.Currently, Gate is launching the "Gate Prediction Market × World Cup Semi-Final Focus Event" campaign, with a total prize pool of 50,000 USDT. During the event, users can sign up and participate in the specified focus event predictions for the World Cup semi-finals on Gate Polymarket. Meeting the event requirements will qualify users for rewards, with no need to predict correctly, allowing them to share the 50,000 USDT prize pool. Additionally, Gate has launched the "World Cup Final Sprint Gift" campaign. During this period, users participating in predictions related to the quarter-finals, semi-finals, or finals in the World Cup section of Gate Polymarket have the chance to receive an 88 yuan JD.com gift card, with a total of 10,000 rewards to be distributed, accompanying users in witnessing the birth of the World Cup champion.As the first centralized trading platform to integrate with Polymarket, Gate has become an important entry point for users to participate in the prediction market. Users can directly access the prediction market through the Gate App, entering the Polymarket page from the Alpha section on the homepage, and conveniently participate in various event predictions using USDT in their accounts. Users can also utilize the "Smart Money" feature to track the positions and market judgments of high-win-rate traders, gaining more reference for event predictions. Gate is continuously expanding the application scenarios of the prediction market, providing users with a diversified experience from event judgment to trading participation.

According to Jinshi reports, analyst Matthew Weller stated that the overall monthly inflation rate is expected to record negative growth for the first time in over a year, which will alleviate market concerns about the Federal Reserve's imminent interest rate hike.The reopening of the Strait of Hormuz has led to a significant drop in energy prices, while the impact of Trump's tariffs has largely been absorbed by the market. The federal funds futures market is currently pricing in a 35% probability of the Federal Reserve raising interest rates at this month's meeting.

CryptoQuant analyst maartunn stated that Binance's monthly futures trading volume has surpassed $1.6 trillion, setting a new high for the year. Bitcoin is currently hovering around $60,000, and market sentiment remains cautious, with many traders still describing the market as bearish.Europe is still adapting to the MiCA regulatory framework, and the summer holiday typically leads to a slowdown in trading activity. Nevertheless, Binance's derivatives trading continues to maintain strong momentum. The surge in trading volume indicates that, despite various factors, traders are still actively participating in Binance's futures market.

According to monitoring by Catcher Predict, in the Polymarket event "Athletics vs. Chicago White Sox," the win probability of the "Chicago White Sox" option in the sub-market "Spread -1.5" has experienced significant fluctuations, rising from 46% an hour ago to the current 79% (a fluctuation of 33%). Please note the impact of related breaking news.

EthLabs founder Barnabé Monnot (barnabé.eth) released the Week 2 update, summarizing the team's latest progress in the launch and financing phase as well as the direction of ecological discussions. In terms of interoperability (Interop), the team stated that they are enhancing confidence in asynchronous interoperability based on zero-knowledge proofs (zk), believing this will help build safer cross-chain bridges and improve the native distribution capabilities of assets in Ethereum's multi-layer network.Currently, some cross-chain paths still experience delays, especially in the L2 → L1 direction; in this context, the intents mechanism can serve as a transitional solution, while sufficient L1 liquidity also helps match cross-chain executors (solvers). At the same time, the L1 → L2 path is expected to significantly reduce confirmation delays through the Fast Confirmation Rule (FCR), with clients already beginning to integrate this mechanism.In terms of ecological discussions, PropAMMs (Proposal-based AMM) have become a recent focus for multiple teams and researchers, with the core being the potential optimization space between L1 execution efficiency and transaction building (block building). Meanwhile, ENS is emphasized as a key infrastructure for Ethereum, and the team is continuously communicating with relevant stakeholders to advance its development direction. Regarding team building, Ethlabs has currently received over 300 applications, processed about 20%, with a short-term goal of expanding to around 10 people and a mid-term goal of expanding to about 20 people, focusing on recruiting talents with engineering capabilities and domain expertise.In terms of financing, Ethlabs stated that the current financing is nearing completion and has received early support from BitMNR, Sharplink, and Ethereum Joseph, planning to bring in 1-2 core investors before entering the next phase.

JUST officially released the GasFree monthly data report for June. The data shows that the GasFree feature launched by TRON is becoming the preferred solution for convenient on-chain transfers. This feature significantly simplifies the transfer process, allowing users to pay transaction fees directly with USDT in their wallets, breaking the traditional limitation of "having to hold TRX in advance," and significantly lowering the threshold for on-chain interactions. In June, GasFree performed impressively, processing a total of 719,270 transactions, with a total transfer amount reaching 11.45 billion USD, serving over 359,000 users cumulatively. Driven by real application scenarios, GasFree is promoting ecological growth with solid data.

The economic laboratory of the fintech company Ramp has released a new version of the Ramp AI Adoption Index report. Based on spending data analysis from over 70,000 U.S. enterprise customers, the adoption rate of enterprise-level AI for Anthropic increased by 2.5 percentage points to 41%, officially surpassing OpenAI, which slightly decreased to 39.5%, establishing a leading position in the field of commercial applications.The report focuses on analyzing the spending trends of top enterprises that "deeply adopt AI." Data shows that the top 1% of enterprises spend as much as $7,449 per employee per month on AI, with this figure still achieving a 14.1% increase last month; in contrast, the top 10% of enterprises have an average monthly spending of $611 per employee, while the median enterprise spends only $11.38 (approximately equal to the cost of a single basic subscription).Additionally, the research points out that enterprises that deeply apply AI do not experience "vendor lock-in" and generally adopt multiple cutting-edge large models, open-source platforms, and vertical AI solutions simultaneously. Although enterprises are beginning to experiment with more cost-effective models (such as DeepSeek) in the face of cost pressures, overall AI spending remains on an upward trend.

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

The new research lab Ethlabs was launched this week, co-funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies holding approximately 5.7 million ETH, and Sharplink holding approximately 876,000 ETH, with the specific funding amount undisclosed.Sharplink CEO Joseph Chalom stated that Ethlabs will complement the Ethereum Foundation, but acknowledged that the two will "overlap in certain areas," and that "the most concentrated talent" will be at Ethlabs. The lab focuses on faster settlement, cross-chain interoperability, and readiness for institutional and AI applications, which highly overlaps with the priorities of the Foundation after its reorganization this week.This move comes as the Ethereum Foundation cut about 40% of its 2026 budget and eliminated 54 positions this week, with Vitalik Buterin defining it as a shift towards a donation fund model. Former Foundation core development coordinator Trent Van Epps warned last week that core development faces a funding gap in three to nine months. Ethlabs' first real test will be the Glamsterdam upgrade, where the roadmaps of the two organizations will intersect for the first time in a limited upgrade queue.

The Ethereum community is debating the proposal to tax staking rewards. The newly established EthLabs has received support from institutions such as BitMine, providing off-chain funding alternatives for ecological development.