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Share link:In this post: Japan’s exports dropped 2.6 percent in July, led by steep declines in auto and parts shipments to the US. Tariffs remain high despite a July deal keeping auto duties at 15 percent, far above the pre-tariff 2.5 percent. Trade balance swung to a 117.5 billion yen deficit as imports also shrank, though less than expected.
Share link:In this post: JPMorgan and Mitsubishi UFJ Financial Group are negotiating a $22 billion loan to finance a data center campus in Texas for Vantage Data Centers. The total investment for the campus is projected at $25 billion, with additional equity financing of $3 billion from private capital groups Silver Lake and DigitalBridge. The demand for data centers is surging as companies like xAI and Meta are raising billions to support their AI infrastructure.
Share link:In this post: Trump demanded Federal Reserve Governor Lisa Cook resign over mortgage fraud allegations. Bill Pulte accused Cook of claiming two homes as her primary residence to get better loan terms. Pulte wants the Justice Department to investigate and says there is clear cause for removal.
Share link:In this post: A judge has unblocked crypto assets belonging to Hayden Davis and Ben Chow, who promoted the Libra meme coin. Argentine President Javier Milei promoted the Libra meme coin in February, but it crashed within hours. Milei continues to distance himself from the scandal, even dissolving the task force investigating the matter.
- 09:49Data: A certain whale's "buy the dip" attempt failed, selling 5,570 ETH at a loss of $2.15 millionAccording to ChainCatcher, monitored by lookonchain, whale address 0x1b57 sold 5,570 ETH (approximately $19.56 million) that was purchased 5 days ago, incurring a loss of $2.15 million in this transaction.
- 09:44Wintermute: Cryptocurrencies Continue to Underperform Traditional Assets, Traditional Four-Year Cycle Concept Has Become ObsoleteJinse Finance reported that cryptocurrency market maker Wintermute stated that despite a supportive macro environment—including interest rate cuts, the end of quantitative tightening, and stock markets nearing all-time highs—cryptocurrencies continue to lag behind other asset classes. The article points out that global liquidity is expanding, but capital has not flowed into the cryptocurrency market. Among the three major capital inflow engines driving performance in the first half of this year, only the supply of stablecoins continues to grow (up 50% year-to-date, increasing by $100 billions), while ETF capital inflows have stagnated since the summer, with BTC ETF assets under management hovering around $150 billions, and digital asset trading (DAT) activity has also dried up. In terms of altcoins, the gaming sector fell 21% week-on-week, layer 2 networks dropped 19%, and meme coins declined 18%. Only the AI and DePIN sectors showed relative resilience. Wintermute believes that the four-year cycle concept no longer applies to mature markets, and liquidity is currently the key driver of performance. They will closely monitor ETF capital inflows and DAT activity, as these will be important signals for liquidity returning to the cryptocurrency market.
- 09:44A whale sold 5,570 ETH purchased five days ago at a loss of $2.15 million.According to Jinse Finance, monitored by Lookonchain, wallet address 0x1b57 sold all 5,570 ETH (worth $19.56 million) purchased five days ago, incurring a loss of $2.15 million. This whale previously attempted to buy the dip in ETH, but the continued market decline led to an unsuccessful investment.