declined

In July, U.S. retail sales recorded a month-on-month decrease of -0.6%, the largest decline since May of last year, and lower than the market expectation of +0.1%.

In July, the United States unexpectedly lost 23,000 jobs, far below the expected increase of 80,000. The increase in June was also revised down to only 20,000. Despite the weak job market, the unemployment rate unexpectedly fell from 4.2% to 4.1%. "Fed mouthpiece" Nick Timiraos commented that in July, the U.S. unemployment rate dropped to 4.09% because both the number of job seekers and the number counted as unemployed decreased; this data brought the unemployment rate to its lowest level in two years.Analysts pointed out that this disappointing report has reignited concerns about the labor market and may complicate the Federal Reserve's interest rate decisions, as policymakers need to seek a balance between weak employment and persistent inflation. As a result, market expectations for interest rate hikes quickly receded.Affected by this, U.S. stock index futures surged rapidly, with Nasdaq futures up 0.79% for the day, S&P 500 futures up 0.39%, and Dow futures up 0.27%. U.S. Treasury prices soared, with the yield on the 10-year U.S. Treasury currently down 4.29 basis points, reported at 4.627%; non-U.S. currencies generally rose, with the dollar against the yen briefly falling 80 points, reported at 157.72.At the same time, the U.S. Dollar Index DXY briefly fell nearly 30 points, reported at 99.67. Spot gold briefly rose about $40, reported at $4,351.43 per ounce.

According to Gate market data, on August 3 (Monday), global stock markets showed mixed performance. In Asia, China's Shanghai Composite Index closed down 22.6 points, a decrease of 0.59%, at 3,809.66 points; the Shenzhen Component Index fell 130.64 points, a decrease of 0.96%, at 13,448.29 points; the CSI 300 Index dropped 45.02 points, a decrease of 0.98%, at 4,543.18 points. The Hong Kong Hang Seng Index rose 124.97 points, an increase of 0.48%, at 26,009.4 points.In Europe, the German DAX30 Index rose 386.44 points, an increase of 1.51%, at 26,017.22 points; the UK FTSE 100 Index fell 13.15 points, a decrease of 0.12%, at 10,854.9 points. U.S. stocks all closed higher, with the Dow Jones Index rising 693.38 points, an increase of 1.32%, at 53,178.41 points.

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.

According to Gate market data, the Dow Jones Index opened down 398.29 points on July 29 (Wednesday), a decrease of 0.76%, reporting at 52,349.03 points; the S&P 500 Index opened down 10.87 points, a decrease of 0.15%, reporting at 7,418.35 points; the Nasdaq Composite Index opened down 47.14 points, a decrease of 0.19%, reporting at 24,829.77 points.

According to Gate market data, the Nasdaq futures fell by 1%, the S&P 500 index futures dropped by 0.3%, and the Dow futures decreased by 0.2%.

According to Gate market data, the three major U.S. stock index futures have slightly declined in the short term, with Dow futures down 0.13%, S&P 500 futures down 0.08%, and Nasdaq futures down 0.02%.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the DeFi sector performing outstandingly, rising 2.28% in 24 hours. Among them, Hyperliquid (HYPE) increased by 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose by 4.96%, 5.32%, and 11.80% respectively. At the same time, Bitcoin (BTC) rose by 0.80%, breaking through $65,000; Ethereum (ETH) increased by 1.88%, surpassing $1,900.In other sectors, the RWA sector rose by 2.02% in 24 hours, with Maple Finance (SYRUP) increasing by 6.13%; the PayFi sector rose by 1.00%, with Telcoin (TEL) increasing by 2.62%; the Layer1 sector rose by 0.62%, with NEAR Protocol (NEAR) increasing by 4.40%; the CeFi sector rose by 0.22%, with NEXO (NEXO) increasing by 1.85%; the Meme sector rose by 0.17%, with Bonk (BONK) increasing by 15.22%; the Layer2 sector rose by 0.04%, with Arbitrum (ARB) increasing by 2.14%.Only the SocialFi sector slightly declined by 0.96%, with Gram (GRAM) decreasing by 0.76%, but Chiliz (CHZ) rose by 3.06%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiRWA, and ssiDePIN indices rose by 2.38%, 2.14%, and 1.59% respectively.

Token Terminal data shows that despite a cumulative decline of about 42% in the overall total locked value (TVL) of DeFi over the past 365 days, the USDC deposit scale on the lending protocol Morpho has grown by about 86%, reaching approximately $2.8 billion.The data indicates that amidst the overall slowdown in DeFi growth, funds continue to flow into on-chain lending protocols represented by Morpho, reflecting that the market demand for USDC yield-bearing lending products remains strong.

According to the latest data from CoinMarketCap, in the past 90 days among the top 100 cryptocurrencies by market cap, 35 cryptocurrencies have risen, and 65 have fallen, with the majority experiencing a decline.Among them, 6 cryptocurrencies have risen over 150%, with Binance Life leading at a rise of 886.58%, followed by BEAT at 775.32%, and DEXE, JTO, GWEI, and LIT rising by 188.26%, 170.90%, 152.81%, and 151.99% respectively. During the same period, 15 cryptocurrencies rose over 50%, 43 fell over 10%, and 19 fell over 20%.In terms of mainstream coins, BTC fell by 8.20%, ETH fell by 15.88%, BNB fell by 2.78%, XRP fell by 13.22%, and SOL slightly rose by 0.93%. On the list of biggest declines, M, ZRO, BCH, WLFI, and TRUMP all fell by over 40%.

According to Jinshi, U.S. Treasury yields fell during the speech of Federal Reserve Chairman Waller, with the latest 10-year U.S. Treasury yield rising by 5.91 basis points to 4.481%.

According to Jinshi, the U.S. Supreme Court declined to review the constitutionality of a now-repealed policy of the U.S. Securities and Exchange Commission (SEC).The policy previously required individuals and companies that reached enforcement settlements with the SEC not to publicly criticize or question the allegations made by this Wall Street regulatory agency. The U.S. Supreme Court justices did not provide any explanation on Monday when they rejected the challenge regarding whether the SEC's so-called "gag order" infringed on individual constitutional rights.

According to The Block, the activities of Pump.fun, the meme coin launch platform that once dominated Solana, have continued to deteriorate, with token graduation rates, revenue, and network fees all significantly declining. The 7-day average token graduation rate for Pump.fun dropped to 0.26% last week, an 80% decrease over three months. Daily revenue is only about $800,000, far below the $4.8 million from six months ago. The PUMP token has fallen 40% in the past six months. The decline of Pump.fun has affected the Solana network, with daily fees on the Solana network dropping to 5,300 SOL, well below the 33,000 SOL in January. Analysts believe that a large amount of capital that previously participated in Solana meme coins has shifted to perpetual contract trading on Hyperliquid, consistent with the rapid growth of HIP-3.

According to SoSoValue data, the overall trend of the cryptocurrency market is declining, with the DeFi sector down 5.08% in the last 24 hours. Among them, Hyperliquid (HYPE) fell 8.86%, and LAB (LAB) dropped 25.19%. Meanwhile, Bitcoin (BTC) decreased by 1.50%, with the price falling below $62,000; Ethereum (ETH) fell 1.65%, with the price dropping below $1,700.In addition, the NFT sector rose against the trend, increasing by 4.57%, with Audiera (BEAT) up 9.51%.In other sectors, the CeFi sector declined by 0.20% in the last 24 hours, with Gate (GT) relatively strong, rising by 1.10%; the Layer2 sector fell by 0.36%, but zkSync (ZK) rose by 5.66%. The Layer1 sector decreased by 1.45%, with NEAR Protocol (NEAR) surging 5.09% during the session; the Meme sector fell by 2.05%, but Cheems Token (CHEEMS) rose against the trend by 6.47%; the PayFi sector dropped by 2.10%, but Litecoin (LTC) increased by 1.27%.The cryptocurrency sector index reflecting the historical market performance shows that the ssiSocialFi, ssiDeFi, and ssiAI indices rose by 0.20%, fell by 5.23%, and fell by 3.76%, respectively.

According to CoinDesk, Ethereum co-founder and ConsenSys CEO Joe Lubin stated that the recent controversies surrounding budget cuts at the Ethereum Foundation (EF), employee departures, and leadership adjustments do not indicate that the organization is in crisis, but rather represent a necessary evolution in its development process.The Ethereum Foundation should focus on maintaining the core technology and values of the network, preserving a "trustworthy neutrality" position, while responsibilities such as ecological expansion, institutional collaboration, and commercial promotion should be undertaken by other organizations to avoid potential conflicts of interest between protocol development and commercial interests.In response to external doubts about the direction of the foundation's reforms, Lubin noted that many criticisms stem from misunderstandings of the foundation's role. He pointed out that the Ethereum Foundation is promoting further separation between protocol governance and commercial operations, and the future Ethereum ecosystem will not be dominated by a single entity, but rather multiple organizations will take on ecological construction responsibilities in different areas, collectively driving network development. This model differs from some blockchain projects that concentrate protocol development and business strategy within the same entity, aligning more closely with Ethereum's decentralized development philosophy.Regarding market views that "Ethereum is declining," Lubin denied this. He stated that in recent years, artificial intelligence has replaced the cryptocurrency industry as the most关注的技术叙事 in the capital market, leading to a shift in funding and investment focus, but this does not mean that Ethereum has lost its competitiveness.On the contrary, after years of scaling and infrastructure development, Ethereum is gradually becoming capable of supporting the next wave of large-scale adoption and is expected to usher in a new growth cycle in the future.

According to SoSoValue data, the cryptocurrency market sector has generally declined, with the DeFi sector dropping 9.16% in 24 hours. Within the sector, Hyperliquid (HYPE), which had previously set historical records, corrected by 9.15%, and LAB (LAB) fell by 37.47%, but DeXe (DEXE) rose against the trend by 14.58%.However, the GameFi and NFT sectors remained relatively strong, rising by 0.49% and 1.38%, respectively. Within the GameFi sector, Audiera (BEAT) surged by 20.27%, and within the NFT sector, APENFT (NFT) increased by 0.15%. Additionally, Bitcoin (BTC) rebounded slightly by 1.33%, breaking through $63,000; Ethereum (ETH) continued to decline by 0.92%, falling below $1,800.In other sectors, the CeFi sector dropped 1.37% in 24 hours, with Cronos (CRO) rising by 0.12%; the PayFi sector fell by 1.55%, while Telcoin (TEL) rose by 24.29%; the Meme sector decreased by 2.01%, but Siren (SIREN) increased by 28.48%; the Layer1 sector fell by 4.1%, with Humanity (H) remaining relatively strong, rising by 3.9%; the Layer2 sector declined by 5.59%, and Starknet (STRK) surged by 3.48% during the day.The cryptocurrency sector index reflecting historical market trends shows that the ssiSocialFi, ssiAI, and ssiDePIN indices fell by 8.9%, 8.4%, and 7.49%, respectively.

According to Gate market data, the US Dollar Index DXY has slightly risen in the short term, currently reported at 99.25, with most non-US currencies declining.

According to Gate market data, U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.37%, the S&P 500 down 0.43%, and the Nasdaq Composite down 0.65%. The technology sector generally declined, with Micron Technology down 2.7%, Intel down 1.7%, Qualcomm down 2.3%, Bilibili down over 4.8%, and Li Auto down 3.7%.