JPMorgan Chase raises year-end target for S&P 500 index to 8000 points

[Rob Hamilton: Switched to Chinese Open-Source AI Models Due to OpenAI Access Restrictions] According to Cointelegraph, Rob Hamilton, CEO of AnchorWatch and founder of Bitcoin Red Team, stated that after integrating OpenAI's Trust & Cyber capabilities into Bitcoin Red Team's security research, access restrictions were imposed, forcing a switch to Chinese open-source AI models. The Bitcoin Red Team has identified 1,288 critical and high-risk vulnerabilities within the Bitcoin ecosystem, with research efforts accelerating after the Coldcard hardware wallet was hacked (over $100 million worth of Bitcoin stolen). Rob Hamilton remarked that black-hat hackers face no restrictions, while white-hat researchers dedicated to reducing risks are being excluded.

BitUnix analysts pointed out that the non farm payroll in the United States decreased by 23000 people in July, and the unemployment rate dropped to 4.1%. The data for May and June were revised downwards. The Bank of Japan has released a signal to raise interest rates, and the joint intervention of Japan and the United States in the foreign exchange market has affected the global arbitrage trading structure. SpaceX, AI servers, HBM, and NAND demand have expanded, but the stock prices of SanDisk and Western Digital have fallen after their financial reports. The market is closely monitoring the US July CPI data and AI industry capital efficiency. AI interpretation: The coexistence of negative growth in non farm employment and declining unemployment rate reveals the severe differentiation of the internal structure of the labor market. The stagnation of employment growth directly weakens the momentum of economic expansion, forcing the market to reassess the risk of economic recession in the United States. The dual changes in salary and employment pressure have completely changed the decision-making logic of the Federal Reserve's monetary policy. This data reinforces the market's expectation of an accelerated pace of interest rate cuts and triggers a global capital reallocation of safe haven assets.

CryptoQuant analyst Darkfost stated that since May, the total market value of stablecoins has decreased from approximately $280 billion to $266 billion, a decrease of nearly $15 billion. During the period from October last year to May this year, the inflow of market liquidity stagnated, and the current demand for Bitcoin has not recovered. The decline in the market value of stablecoins has led to the loss of market liquidity, hindering the recovery of Bitcoin prices.

OKX announces the launch of AAVE X Layer, officially going live on 2026-08-12 at 09:00 (UTC+8). Notes: - The event duration is extended until 2026-08-12 at 09:00 (UTC+8). - Participation requires subscribing to the AAVE (X Layer) product on the On-Chain Earn page, with a minimum threshold of 1 USDT or 0.001 ETH. - On-chain earn involves protocol risks (such as hacking attacks), and users must bear the associated risks themselves.

[MGBX to Launch KBC Spot Trading] To further enrich the platform's trading options and enhance user trading experience, MGBX will officially launch the following spot trading pair: Schedule: Deposit Opening Time: 2026-08-12 16:00:00 Trading Opening Time: 2026-08-13 23:30:00 Withdrawal Opening Time: 2026-08-14 16:00:00 Trading Pair Details: KBC/USDT For more trading opportunities, please visit 'Quick Updates - New Listings.' Data sourced from MGBX, for informational purposes only and does not constitute any investment advice.