On July 31, the US 10-year Treasury yield rose to 4.7388%, the highest level since January 2025.

On July 31, spot gold's intraday decline widened to 2%, reported at $4,021.08 per ounce.

Market数据显示，BTC has fallen below $63,000, currently reported at $62,985.99, with a 24-hour decline of 2.99%. Market volatility is significant, please exercise risk control.

On July 31, Federal Reserve Governor Logan said she leans toward a 25 basis point rate hike, believing inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation target.

On July 31, Dallas Fed President Lorie Logan said that taking modest actions in the near term would reduce the likelihood of needing to take stronger action in the future.

On July 31, U.S. chip and semiconductor stocks rapidly weakened, with the Philadelphia Semiconductor Index wiping out a 5% gain and turning lower. Micron Technology, which had risen 6%, is now down 4.2%. SanDisk, which had gained nearly 10%, is now down over 6%. SK Hynix and Seagate Technology, which had risen over 8%, are now down 2%. TSMC, which had gained 4%, is now down nearly 1%.

On July 31, the US dollar index (DXY) rebounded sharply after a short-term decline, now at 100.4. USD/JPY plunged briefly to a low of 159.13, then rebounded slightly, now at 159.4.

On July 31, according to OnchainLens monitoring, a certain Hyperliquid trader has been liquidated 360 times in total. The trader's BTC and SOL positions held recently were partially liquidated again, with a total exposure of about $1.47 million, realizing a loss of approximately $35,100. Data shows that the trader's historical cumulative profit and loss is approximately -$12.5 million.

On July 31, continuing yesterday's strong performance, US optical communication concept stocks surged collectively in early trading today. Among them, AXT Inc rose over 25%, Astera Labs and Coherent gained over 9%, Applied Optoelectronics rose over 8%, Marvell Technology and Lumentum advanced over 6%, while Corning, Tower Semiconductor, Lightwave Logic, and Ciena all rose over 5%.

On July 31, US memory chip stocks slumped. Western Digital's gains narrowed to 3.3%, SK Hynix's gains narrowed to less than 1%, Micron Technology turned lower, and SanDisk turned lower, with losses now expanding to more than 2%.