The blockchain startup Subzero Labs has secured $20 million in seed funding to develop the Rialo Blockchain, aiming to break through the limitations of encryption technology and provide external data integration solutions without an Oracle Machine. The team currently has 20 members, and the funding includes equity and Token subscription rights.

On August 1, the U.S. labor data supports calls for monetary easing, causing U.S. Treasury yields and the dollar to fall together. Meanwhile, previous data has been significantly revised down: the number of new jobs in May was revised down from 144,000 to 19,000, and the number of new jobs in June was revised down from 147,000 to 14,000.
Before the employment report was released, dissenting Federal Reserve governors Waller and Bowman indicated that there are signs of weakness in the labor market. It plummeted due to the impact of employment data.

On August 1, a senior ETF analyst posted on social media stating that ARKK attracted 800 million dollars in a single day—setting a record for the largest single-day inflow in history. This is likely because the fund has risen 50% in the past 3 months, which is twice the increase of SPY, QQQ, and IBIT. ARKW saw an inflow of 150 million dollars, and the total inflow for the entire ARK series of funds was nearly 1 billion dollars in a single day.

Cleveland Fed President Harker pointed out that despite the disappointing latest non-farm payroll report, the Fed should not lower interest rates this week. He emphasized the need to take a comprehensive view of the data and believes that the labor market remains balanced while inflation is still too high.

[Chain News] On August 1, according to an official announcement, Swedish listed company H100 Group announced an increase of 17.47 Bitcoins, currently holding a total of 702.6 Bitcoins.

[Coin World] Coin World reported on August 1 that the U.S. Bureau of Labor Statistics stated that the non-farm payroll employment for May was revised from 144,000 to 19,000; the non-farm payroll employment for June was revised from 147,000 to 14,000. After revisions, the combined new employment figures for May and June are 258,000 lower than before the revisions.

According to reports, OpenAI has completed a financing of 8.3 billion dollars, with a valuation of 300 billion dollars.

The UK's Financial Conduct Authority (FCA) has announced that retail investors are allowed to trade encryption ETN products on approved domestic trading platforms, but must adhere to financial promotion rules to ensure transparency. However, these products are not protected by the Financial Service Compensation Scheme, and the FCA continues to enforce a retail ban on encryption derivation products, while monitoring market dynamics.

Venture capital firm a16z is urging U.S. lawmakers to revise the cryptocurrency regulatory bill draft, emphasizing that the draft contains serious loopholes that could jeopardize investor protection. a16z points out that the definition of "ancillary assets" in the draft needs significant modification and calls for cautious advancement of the related legislation.

According to data platform monitoring, Whale 0xF436 is buying ETH, having withdrawn 14,520 ETH (53 million USD) from CEX in the past 9 hours.
Just 5 days ago, this whale bought 38,606 ETH for SharpLink (148.44 million USD).

[Block Rhythm] On August 1, the US Non-farm Payrolls (NFP) data will be released tonight, and the market generally expects this data to have a significant impact on the Fed's interest decision in September.
As of the time of writing, the probability of the "Fed lowering interest rates by 25 basis points in September" on a certain prediction market has dropped to 38%, while the probability of interest rates remaining unchanged has risen to 60%.

According to data from the platform, a total of 66.573 million USDT has been transferred to mainstream exchanges in the past hour.

On August 1, Nasdaq-listed company Cemtrex (stock code: CETX) announced the acquisition of $1 million worth of SOL as the first step in its digital asset reserve strategy. The company purchased 5,500 SOL at an average price of $181 per coin and plans to gradually expand its crypto assets reserve to $10 million.

The Global Payment 1.0 launched by the global stablecoin Payment Network WSPN provides institutional clients with a seamless API payment infrastructure for USDT, USDC, and fiat conversion, addressing the technical challenges of traditional cryptocurrency and fiat conversion, and supports rapid deployment and maintenance, further promoting the mainstream application of Crypto Assets.

[Blockchain Pulse] On August 1st, according to on-chain information, a certain smart money today converted Bitcoin short order to long order and built a position in ETH long order. As of the time of publication, this address holds a total of 3.61 million dollars in 25x Ethereum long orders and 1.8 million dollars in 40x Bitcoin long orders.
According to previous reports, on July 30, the smart money converted the ETH long order to a short order, with an entry average price of $3803.
The address has accumulated nearly 36 million dollars in profits on a certain trading platform.

On August 1st, the Balance Foundation announced that the sixth batch of EPT rewards has been unlocked, with a total of 5,563,705 EPT tokens available for Node holders to claim.

The TreasureX event under ShareX has expanded its integrated devices, having completed deployment with 5 sharing brands, allowing users to participate in tasks and receive on-chain rewards through offline devices. The number of participating users has exceeded 800,000, promoting the development of Web 3 towards everyday consumption scenarios.

On August 1, according to monitoring by data platform Block Rhythm, USDC Treasury has just destroyed 52 million USDC on the Ethereum blockchain.

According to reports, the CoinShares Solana stake ETF has been registered in Delaware.

On August 1, the Nasdaq-listed company Intchains Group announced a partnership with the digital asset prime broker FalconX to expand its ETH strategic reserves. Public data shows that the company's current ETH open interest is approximately 7,000 coins. In addition, Intchains Group also announced the formation of an ETH treasury strategic team, which has already initiated talent recruitment, aiming to improve the efficiency of ETH acquisition and launch structured ETH yield strategy products.