une

According to Jinshi, the number of people continuing to claim unemployment benefits in the United States for the week ending July 18 was 1.782 million, lower than the market expectation of 1.798 million.The previous value was revised from 1.796 million to 1.789 million.

According to Jinshi, the core PCE price index in the United States for June was 0.1%, lower than the market expectation of 0.2%, and the previous value was 0.3%.

According to Jinshi reports, the actual personal consumption expenditure month-on-month rate in the United States for June was 0.4%, with the previous value revised from 0.3% to 0.4%.

According to Jinshi, the annual rate of the U.S. June PCE price index is 3.7%, in line with market expectations, and the previous value was 4.1%.

According to Jinshi, the number of initial jobless claims in the United States for the week ending July 25 was recorded at 197,000, the lowest since the week of April 25, 2026.

According to Jinshi reports, the unemployment rate in the Eurozone for June was 6.3%, higher than the market expectation of 6.2%. The previous value was revised from 6.2% to 6.3%.

According to data from The Block, the graduation rate of the Pump.fun token reached 6.7% last Friday, about 8 times the average level of June. The average for the previous four days was also 4.7%, significantly higher than the 2.5% of the previous week. The increase in the graduation rate is directly related to the newly launched BOOST default launch mechanism of Pump.fun.BOOST targets what Pump.fun refers to as dead liquidity—previously, about 20% of the migration liquidity was permanently locked in the PumpSwap pool during token graduation migration. Now, this portion of funds will automatically execute a series of market buy orders within five minutes after migration, and all purchased tokens will be destroyed. BOOST takes effect only after the token is bound and does not mechanically increase the graduation rate; instead, it incentivizes traders to more actively push the token to reach the graduation threshold by ensuring immediate buying pressure and supply destruction after migration.Meanwhile, the PUMP token has risen over 10% year-to-date, with an increase of nearly 60% in the past month, outperforming Bitcoin's approximately 25% decline this year. Its current market capitalization is about $850 million, with a fully diluted valuation of over $1.8 billion.

According to Jinshi reports, the Federal Reserve FOMC statement indicates that the unemployment rate has not changed much.

The 2026 Fortune Global 500 list was released on July 28, with the total revenue of the listed companies amounting to approximately $43.1 trillion, exceeding one-third of the global GDP, with a year-on-year growth of about 3.2%. Amazon topped the list for the first time, ending Walmart's twelve-year streak; State Grid ranked third. Alphabet took the title of "most profitable company in the world" from Saudi Aramco with a net profit of $132.17 billion. NVIDIA ranked second in profits, and TSMC was the only Chinese company to enter the top ten in profits.A total of 141 companies from the United States made the list, 122 from China (including Taiwan), and 40 from Japan. The total revenue of Chinese listed companies is approximately $10.4 trillion, with an average profit of $4.5 billion, about 40% of the average profit of U.S. companies ($11.24 billion). JD.com (41st) ranked first among private companies in mainland China, while Alibaba (56th), Tencent (97th, entering the top 100 for the first time), Pinduoduo (255th), and Meituan (311th) all saw improvements in their rankings.In the high-tech sector, 38 listed companies had an average profit of $21.98 billion. NVIDIA jumped 38 places to rank 28th, TSMC rose 44 places to rank 82nd, SK Hynix ranked 210th, and Micron Technology and Advanced Micro Devices returned to the list after many years. The automotive industry saw increased differentiation, with BYD ranking 91st, CATL significantly rising 43 places to rank 260th, and Chery Automobile making the list for the first time as a publicly listed company. The company with the largest increase in ranking was Wistron, which surged 298 places to rank 198th.

According to the latest survey by TrendForce, in June, the top three MLCC suppliers in Japan and South Korea (Murata, Samsung Electro-Mechanics, Taiyo Yuden) achieved a monthly shipment volume that reached a nearly five-year high, with 140 billion, 98 billion, and 40 billion units respectively, and the growth momentum continued into July. AI applications are the main driving force, with CSP manufacturers maintaining strong procurement demand for self-developed ASIC platforms such as Google TPU and AWS Trainium, driving continuous growth in demand for high-capacity, low-voltage, small-sized MLCCs.At the same time, Japanese and South Korean suppliers are accelerating the shift of production capacity from consumer-grade X5R to high-end X6S/X7R specifications, resulting in a severe squeeze on the production capacity of mid-to-high capacity (1µF-22µF) consumer-grade MLCCs, with mainstream inventory days generally falling below 30 days. The overflow effect of production capacity has led channels, agents, and second- and third-tier customers to urgently pull goods, significantly increasing order visibility for Taiwanese and mainland suppliers, leading to rising prices, with agents raising prices by an average of 20-25%, and spot market prices have soared to 2-3 times the original price. TrendForce pointed out that the consumer-grade MLCC market currently shows a structural mismatch of "weak end demand, strong channel pricing."

According to Jinshi, the number of initial jobless claims in the United States for the week ending July 18 was 187,000, the lowest since the week of September 24, 2022, with an expectation of 212,000, and the previous value revised from 208,000 to 209,000.

According to Jinshi reports, Google (GOOG.O) disclosed its holdings in SpaceX (SPCX.O) in its 10-Q report, indicating that it holds shares worth $94 billion after SpaceX goes public.As of June 30, the tradable equity securities include $80 billion in SpaceX shares, which are subject to short-term sale restrictions.

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 GlobeNewswire, Nasdaq-listed Bitcoin mining company Bitdeer released an unaudited production and operation update for June 2026. The company's Bitcoin mining output in June was 990 coins, a year-on-year increase of 388%; self-mining computing power was 73 EH/s, with a total managed computing power of 86.1 EH/s, and 243,000 self-owned mining machines.The Sealminer Nevada manufacturing plant has begun construction and is expected to be completed by the end of 2026. In terms of AI cloud business, monthly ARR has increased to $76 million, GPU utilization is at 95%, and the delivery of the NVIDIA GB300 NVL72 cluster has been completed. Currently, Bitdeer's total controllable power capacity globally reaches 3.02 gigawatts, with multiple cryptocurrency data centers simultaneously advancing the transformation into AI computing center plans.

In response to the recent community controversy surrounding Base, crypto KOL Rune questioned on the X platform, stating that Cobie's goal in taking over the Base App is to promote on-chain transactions, but the current management of Base is continuously undermining user trust, leading users to believe that "trusting anything related to Base for more than 24 hours is a mistake." Under this culture, it is difficult to attract new users.In response, Cobie stated that he took over the Base App and related Coinbase trading products a few days ago, but he is not responsible for the Base chain. He acknowledged that Coinbase has long had a distance from users, especially native crypto users, and that Base and Coinbase have overdrawn a lot of user trust due to some avoidable mistakes. He hopes to listen more to the voices of on-chain users in the future and create products that users truly want to use.Subsequently, Rune responded again, stating that Coinbase's biggest problem is not just the alienation from users, but the long-term neglect and even harm to its own users. He indicated that currently over 10,000 Base users have suffered about 99% asset loss due to trusting the Base/Coinbase management, and the management's attitude towards related events has further exacerbated community dissatisfaction.Rune believes that Base has the infrastructure to become the best Layer2 in the crypto industry, but what is truly lacking is a leadership willing to take responsibility for users. He expressed hope that Cobie could change this situation, but emphasized that the current issues with Base are not just about damaged trust, but that community trust has almost completely eroded.

Gate Research Institute recently released the market report titled "June Market Structural Adjustment, Funds Concentrated on Impulsive Volume Opportunities," indicating that in June 2026, the cryptocurrency market weakened again under the multiple influences of macro pressure, institutional capital outflows, and a decline in risk appetite.From the market structure perspective, June did not see a widespread recovery, but rather a localized profit effect driven by a few long-tail assets. About 71% of the top 500 tokens recorded a decline, with only a quarter achieving an increase. BTC, ETH, and most mainstream assets faced pressure simultaneously, while low market cap tokens like CYDX, ANSEM, VELVET, SYN, and CX recorded increases of several times or even hundreds of times due to event catalysts and capital speculation, significantly raising the overall average returns.Volume analysis shows that the average trading volume amplification factor for 450 valid samples is 2.54x, with a median of only 0.49x. Only 17 tokens had a volume increase of more than 3 times, and 8 tokens exceeded 10 times. TEMPLE (289.05x), CX (259.13x), and MTBILL (128.15x) ranked at the top of the volume list.Overall, the market in June is still in a phase of shrinking risk appetite, and true recovery signals still need to be observed in the stabilization of leading assets like BTC and ETH, as well as the re-diffusion of funds from long-tail speculation back to mainstream assets.

According to CoinDesk, Runestone co-founder Leonidas announced that it is launching an open-source Bitcoin client called DOG Mode, aimed at bypassing BIP 110's restrictions on non-financial data. DOG Mode will increase the maximum weight unit for standard transactions from 400,000 to 3,900,000, close to the entire block capacity, and will reduce the dust limit from 294 to 546 satoshis down to 1 satoshi. Leonidas stated that removing the dust limit will free up approximately $25 million in idle funds.The BIP 110 proposal restricts arbitrary data through user-activated soft forks, requiring 55% miner support, which is currently close to zero. DOG Mode does not require any consensus or voting; it only needs to change the forwarding rules of a single node. If enough nodes run and miners accept, transactions can be confirmed. Leonidas mentioned that DOG Mode deviates from Core to a much lesser extent than Knots, and there is currently no code repository or version. He calls on developers to contribute code and miners to add support. The price of DOG tokens has dropped 1.2% in the last 24 hours.

According to Blockworks Research data, on-chain consumption of tokenized collectible card games reached a historic high of $324 million in June 2026, an increase of over five times compared to approximately $50 million in the same period last year, while Bitcoin fell over 20% to a 21-month low, with spot ETFs recording a record outflow of $4.5 billion.Platforms like Collector Crypt and Courtyard store professionally rated physical Pokémon cards in vaults and issue corresponding NFTs. Users receive tokens backed 1:1 by real cards after purchasing random card packs, which can be traded, held, or redeemed for physical cards. According to Global Market Insights data, the global collectible card market size reached $9.2 billion.Pokémon became the best-selling toy brand in the United States in 2025, with sales reaching $2.5 billion, an 87% year-on-year increase. Collector Crypt has tokenized approximately $40 million worth of cards, purchasing about $2 million weekly, with around 30% of users ultimately redeeming for physical cards. According to Dune data, 5% to 8% of NFTs on Courtyard are destroyed weekly to redeem for physical cards.

According to on-chain research conducted by Dune Analytics for the DEX aggregator 1inch, an average of 85% of concentrated liquidity funds in decentralized exchanges were underutilized in the first half of 2026, with 29.5% completely outside the active price range, resulting in approximately $542 million in idle funds each week.Dune estimates that liquidity providers outside the range lose about $150 million in fee income annually. The study covers around 200 of the most active pools on Uniswap v3, PancakeSwap v3, Aerodrome Slipstream, and Uniswap v4, spanning seven chains with a total of 26 weekly snapshots, with an average TVL of approximately $1.84 billion.Data shows that idle funds are mainly concentrated in personal wallets, and automated management tools and bots tend to keep positions within the range. On Base Uniswap v3, personal accounts account for 82% of idle funds. About one-third of idle funds have not been adjusted for over 90 days. Dune attributes the main cause of idleness to asset pairs and their volatility rather than the trading platform, even though about 30% of stablecoin pairs are also outside the range.