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According to Jinshi reports, the Secretary-General of the European Commission stated that Russia's war against Ukraine is escalating to an unprecedented level, and the situation of war in the Middle East is similar. He called for all parties to sit down and begin working towards a sustainable, realistic, and long-term peaceful solution.

According to Jinshi reports, the U.S. Central Command stated that there are currently over 50,000 U.S. troops deployed in the Middle East, maintaining a high level of vigilance and ready for combat at any time.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Cleveland Guardians vs. Cincinnati Reds," the win rate of the "Over" option in the sub-market "O/U 9.5" has experienced a sharp fluctuation, dropping from 38% an hour ago to the current 11.5% (a fluctuation of 26.5%). Please note the impact of related breaking news.

According to Gate market data, before the Federal Reserve's interest rate decision announcement, spot gold and spot silver hovered near their intraday highs, reported at $4,046 per ounce and $57.9 per ounce, respectively, while the dollar index DXY retreated to 101.32.

According to official news, the institutional-level Ethereum ecosystem service organization Ethereum Institutional announced the completion of its initial ecosystem funding round and the formation of a supporter alliance, receiving support from over 100 ecosystem participants, led by BitMine, SharpLink, and Ethereum co-founders Joseph Lubin and Mihai Alisie, with the amount undisclosed. The organization stated that this funding will be used to support its accelerated efforts in tokenization, stablecoins, and on-chain market infrastructure.Ethereum Institutional indicated that in the coming months, it will strengthen direct engagement with banks, asset management institutions, custodians, market infrastructure, fintech companies, and sovereign institutions to advance specific work related to tokenization, stablecoins, market infrastructure, and on-chain settlement, while expanding its core business areas such as institutional education, market intelligence, and ecosystem marketing; at the same time, it will continue to collaborate with a broader Ethereum ecosystem community, including L2, application teams, infrastructure, and custodial service providers.

According to Jinshi News, Hirofumi Suzuki, the chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation, stated that the Federal Reserve's interest rate decision and the speech by Fed Chair Waller could push the USD/JPY exchange rate up to the 164 yen level. If this situation occurs, given that Japanese financial authorities have already intensified warnings, the possibility of foreign exchange intervention will significantly increase.If the yen continues to depreciate after the Bank of Japan's monetary policy meeting on Friday, this could become an opportunity to trigger intervention.

According to monitoring by Catcher Predict, in the predicted market event "Cleveland Guardians vs. Cincinnati Reds" on Polymarket, the option "Cleveland Guardians" in the sub-market "Cleveland Guardians vs. Cincinnati Reds" has experienced significant fluctuations in winning probability, soaring from 40.5% an hour ago to the current 55.5% (a fluctuation of 15%). Please note the impact of related breaking news.

CryptoQuant analyst Darkfost stated that the spot trading volume of Bitcoin on major exchanges has dropped by more than 75% compared to the end of 2024. Binance's trading volume in July exceeded $35 billion, far below the $246 billion in November 2024; Bybit plummeted by 85%, Coinbase fell by 61%, and OKX dropped by 67%, marking the lowest levels since the late 2023 bear market.The analyst pointed out that the escalating conflict between the U.S. and Iran is suppressing risk sentiment, inflation is raising concerns about high interest rates, and the stock market continues to absorb liquidity, all of which are unfavorable for speculative assets. Bitcoin's return to a bullish trend requires a shift in the macro landscape and a return of demand.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "Cleveland Guardians vs. Cincinnati Reds," the sub-market "First 5 Innings Spread -1.5" for the "Cincinnati Reds" option has experienced a significant fluctuation in winning probability, soaring from 41% an hour ago to the current 58.5% (a fluctuation of 17.5%). Please note the impact of related breaking news.

Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta neutral yield product strUSD has completed a $50 million pre-deposit fundraising before its official launch, reaching the cap in just 7 days. Tori stated that strUSD offers an annualized yield of approximately 12%, with returns derived from global arbitrage trading strategies traditionally used by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns.Tori founder Samed Duzcay mentioned that such trades were previously mainly participated in by large institutions like pension funds and banks, which typically required a funding threshold of tens of millions of dollars and involved complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.Tori claims that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and trusted execution environments, with independent verification agency Accountable conducting real-time audits of off-chain fund situations; digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori stated that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial system, promoting the integration of real yields with DeFi infrastructure.

Ondo Finance announced the launch of the new Ondo Network, positioned as a high-performance execution layer, aimed at combining the trading speed of centralized exchanges (CEX) with the non-custodial and secure settlement capabilities of blockchain. Ondo CEO Ian De Bode stated that the Ondo Network is an "evolutionary version" of the previous Ondo Chain plan, and the company will not operate two networks simultaneously, but will adjust its original plan of building a complete blockchain to focus on the execution layer architecture.According to reports, Ondo initially planned to fully bring real-world assets on-chain through Ondo Chain, but after developing the Ondo Perps perpetual contract trading platform and communicating with users, it was found that the current market's core bottleneck is not asset settlement, but trading execution efficiency. The Ondo Network adopts a separated architecture for execution, validation, and settlement, using secure hardware to isolate the execution environment, which enhances trading speed while maintaining user asset self-custody, verifiable transactions, and permissionless blockchain characteristics.Currently, Ondo Perps has become the first application built on this network, supporting 24-hour trading of stock and commodity perpetual contracts, and allowing the use of tokenized real assets as collateral. Ondo stated that in the future, the network will also support applications requiring high performance, privacy protection, and verifiable execution, such as spot trading, lending, and structured products. In addition, the launch of the Ondo Network will not change the positioning of the ONDO token. The CEO stated that ONDO will still serve as the governance and incentive token for the Ondo RWA ecosystem and market infrastructure, and as the network gradually decentralizes, ONDO will be used to coordinate the incentive mechanisms for validation nodes, observers, and ecosystem participants.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that the pressure level for Bitcoin remains around $67,500, and only a strong breakthrough can initiate a sustained rebound. Regardless, I maintain the previous viewpoint of gradually bottom-fishing in July and August, then waiting for a new bull market cycle. Analyzing the market in a volatile range and assessing bottom prices in the bottom range are not very meaningful.In AI US stocks, we analyzed the computing power company AGPU in our research report. They announced a new contract worth $1.5 billion last night, bringing the total contracts to over $3 billion, with the potential to complete $10 billion in total contracts this year. The key point is that AGPU's financing method is not through ATM equity, ensuring the interests of investors. These contracts will soon reflect in the upcoming financial reports.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Cleveland Guardians vs. Tampa Bay Rays," the "Cleveland Guardians" option in the sub-market "Cleveland Guardians vs. Tampa Bay Rays" has experienced significant fluctuations in winning probability, dropping from 47.5% an hour ago to the current 24.5% (a fluctuation of 23%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the Polymarket event "Cleveland Guardians vs. Tampa Bay Rays," the win probability for the "Tampa Bay Rays" option in the sub-market "Spread -1.5" has experienced significant fluctuations, soaring from 30% an hour ago to the current 80.5% (a fluctuation of 50.5%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the Polymarket prediction market for the event "Cleveland Guardians vs. Tampa Bay Rays," the option "Tampa Bay Rays" in the sub-market "Spread -1.5" has experienced a dramatic fluctuation in winning probability, soaring from 36.5% an hour ago to the current 91.5% (a fluctuation of 55%). Please note the impact of related breaking news.

According to Jinshi, U.S. President Trump stated that he is prepared to take higher-level military action in Iran.

Cryptocurrency analyst Ali Charts stated that Ethereum rebounded after testing the lower edge of the price channel. Currently, $1850 is a key support level, and as long as this position holds, Ethereum may rise back towards the upper edge of the channel near $2060.

CryptoQuant analyst Darkfost stated that data shows short-term holders (holding periods of no more than 155 days) have been in a state of realized losses for about nine consecutive months, a characteristic that is typically more aligned with a bear market environment.It is estimated that the cost basis for short-term holders is around $68,800, so they are still facing some pressure overall. Currently, as Bitcoin attempts to stabilize above $65,000, short-term holders are expected to continue selling at a loss of about 4%.

CryptoQuant analyst Darkfost stated that the fund flow of spot Bitcoin ETFs over the past 30 days has seen a net outflow of approximately $2.1 billion, and the new demand from Strategy and other Bitcoin treasury companies has been close to zero for several weeks.He estimates that the monthly demand from treasury companies reached about $6.6 billion in August 2025, when BTC was around $115,000, while the current BTC is about $65,000, and the related demand has basically disappeared.

According to ChaoXiang Research, Morgan Stanley's stock strategy report on July 20 pointed out that AI-related stocks have faced fierce selling in recent weeks, with the South Korean stock market dropping 25% from its peak, and the Philadelphia Semiconductor Index falling 20%. Individual stocks like Samsung and Micron have seen declines between 20% and 50%. The report believes that the core driving force behind this round of decline is technical factors and position clearing, with no deterioration in fundamentals. The gap between relative prices and relative earnings trends in semiconductors continues to widen, but the supply-demand tight balance for DRAM and NAND is expected to last until 2028. DRAM spot prices remain high, and Micron has also raised its performance guidance, indicating that supply-demand tightness will last at least until 2027. The RSI of the Philadelphia Semiconductor Index is nearing the oversold zone, and the accumulated momentum gains for the year have basically been retraced.Morgan Stanley believes that once the oversold signal is confirmed, a rebound window will open, and it suggests that investors gradually position themselves in semiconductors during the summer. The proportion of second-quarter earnings reports exceeding expectations reached 97%, and companies in the S&P 500 that reported better-than-expected earnings outperformed the market by an average of 1.7 percentage points on the day of the report. In terms of allocation, Morgan Stanley has raised its equity allocation from 60% to 65%, increased its Eurozone allocation from 8.7% to 11%, and is overweight in sectors such as semiconductors, mining, capital goods, automotive, insurance, and banking, while underweighting software, business services, and media in the "AI erosion group." Regarding geopolitical conflicts, the report believes that the "buying on dips" strategy since the end of March remains effective.