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Share link:In this post: Nvidia’s CEO warns that AI-driven productivity gains could lead to job losses if companies run out of fresh ideas. Surveys show about 41 percent of executives expect workforce cuts and slowed hiring by 2030 due to AI automation. Jensen Huang believes new innovations can create roles even as AI reshapes tasks and notes his own job has adapted but remains intact.
Arthur Hayes signals a massive altcoin rally is coming soon, calling it a "monster altseason."Altcoin Rally Incoming? Hayes Says “Monster Altseason” Is NearWhy This Altseason Could Be DifferentWhat to Watch for in the Coming Weeks
Ethereum to roll out a Layer-1 zkEVM in 12 months, boosting scalability and privacy with ZK proof integration.Ethereum’s Big Leap: L1 zkEVM Coming SoonWhat zkEVM Means for Ethereum UsersEthereum’s ZK-Future Is Taking Shape
Bitcoin reaches $118K ATH, but Long-Term Holder NUPL remains below euphoria zone, signaling more room for growth.Bitcoin Surges to $118K, But Euphoria Remains AbsentA Tamer Market Compared to Past CyclesWhat It Means for the Bitcoin Market
An Ethereum Foundation-linked wallet sold 1,206.7 ETH for $3.61 million USDC, raising questions across the crypto community.Major ETH Sale Sparks SpeculationStrategic Diversification or Market Signal?How the Community Is Reacting
- 21:52Social gaming platform STAN completes new $8.5 million equity financing roundAccording to Jinse Finance, Google has backed the Indian social gaming platform STAN, which connects gamers with creators, communities, and publishers. Google’s investment is part of STAN’s $8.5 million equity financing round, which also attracted participation from Bandai Namco Entertainment, Square Enix, Reazon Holdings, and Aptos Labs. Google participated in this round through its AI Futures Fund, which was established in May to support startups developing with its AI tools.
- 20:43Fed’s Daly: Rate cuts are approaching, more than two cuts this year are likelyAccording to ChainCatcher, San Francisco Federal Reserve President Mary Daly stated that with mounting evidence of a weakening job market and no signs of persistent tariff-driven inflation, the timing for a rate cut is approaching. Commenting on the Fed’s decision last week, Daly said, “I’m willing to wait another cycle, but I can’t wait forever.” While this does not mean a rate cut in September is a foregone conclusion, she said, “I tend to think that every meeting going forward is a live meeting for considering policy adjustments.” Daly noted that two 25-basis-point rate cuts this year still appear to be an appropriate recalibration, emphasizing that the key issue is whether cuts occur in both September and December, rather than if they will happen at all. Daly said, “If inflation rebounds and spreads, or if the labor market heats up, of course there could be fewer than two rate cuts, but it’s more likely that more than two cuts will be necessary. If the labor market appears to be entering a period of weakness and we do not see inflation spillovers, we should be prepared for additional rate cuts.”
- 20:21Fed’s Daly: Two Rate Cuts This Year Remain an Appropriate Adjustment, No Signs Tariffs Are Having a Lasting Impact on InflationAccording to ChainCatcher, Federal Reserve's Daly stated that two rate cuts this year remain an appropriate adjustment. She is satisfied with the Fed's July decision, but would be less comfortable making the same decision again. There is still considerable uncertainty regarding a possible rate cut in September. "Regarding the July decision, I am willing to wait another cycle, but we cannot wait forever. The job market has not shown significant weakness, but it is softening, and further weakening would be unwelcome." No signs have been observed that tariffs are having a sustained impact on inflation.