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According to a report by Jinse Finance, the Bank of England has reiterated its guidance to take a gradual and cautious approach to further reducing borrowing costs. However, it has added a new signal in its outlook, suggesting that its rate-cutting cycle may be nearing an end. The Bank of England stated, "As interest rates are lowered, the restrictiveness of monetary policy has decreased," no longer directly indicating that policy remains restrictive. The Bank also reaffirmed that there is no predetermined path for interest rates. Halting the rate-cutting process would be a setback for Chancellor Reeves and Prime Minister Starmer, who have been striving to fulfill their promises to voters and accelerate the UK's sluggish economic growth. Bailey noted that the decision to cut rates for the fifth time since last August was "very finely balanced," although he believes rates are still on a downward trajectory.

BlockBeats News, August 7 — According to on-chain analyst Ai Yi (@ai_9684xtpa), contract trading whale AguilaTrades deposited 4.6 million USDC as margin to Hyperliquid 15 minutes ago, and has since opened long positions in both BTC and ETH. The total position value is $98.29 million, with an unrealized profit of $308,000. The specific position details are as follows: BTC: 40x long position, holding 530.7497 BTC, entry price $114,856.1 ETH: 25x long position, holding 10,000 ETH, entry price $3,706 BlockBeats previously reported that AguilaTrades’ long positions were fully liquidated during the crypto market downturn on August 1, resulting in a total loss of all funds (about $40 million) deposited into HyperLiquid.