The United States is drafting a ban on Chinese data center components

Wei Li, chief investment strategist of BlackRock Think Tank, said that the Federal Reserve may hold its ground, but this has limited effect on curbing the rise in the yield of long-term U.S. treasury bond bonds. During the period when Kevin Walsh, chairman of the Federal Reserve, served as the chairman of the Federal Reserve, policy uncertainty will continue to cause investors' concerns about future financing costs, which will continue to put pressure on the yield of long-term treasury bond bonds.

[Bitcoin 30-Day Implied Volatility Drops to Two-Month Low] According to a report by CoinDesk, the 30-day implied volatility index BVIV, which measures expected volatility in the Bitcoin options market, has dropped to 36%, the lowest level since May 31, down from the early June peak of nearly 60%. Recent events such as the Coldcard wallet attack, weak institutional demand, and macroeconomic uncertainty have not triggered market panic. However, as volatility tends to revert to the mean, traders should remain cautious about the potential risks of a volatility rebound in the future.

Wintermute stated that the retreat of major cryptocurrencies in the cryptocurrency market is less than 4%, and marginal selling is close to drying up. Strategy sells Bitcoin again to pay preferred stock dividends, Coldcard firmware vulnerability leads to theft of large Bitcoin holdings by users, and altcoins continue to be liquidated. At present, it is not advisable to heavily invest in a strong rebound. Attention should be paid to this week's ISM service industry and non farm payroll data, as well as signals from former Federal Reserve Chairman Jerome Powell at the Jackson Hole Conference. The proportion of institutional OTC spot has risen to 72%.

[Texas Tightens Power Approval for Data Centers, Bernstein Says Positive for Existing Mining Companies and AI Operators] According to The Block, Texas Governor Greg Abbott has ordered the Public Utility Commission and grid operator ERCOT to audit data center projects within the state, with ERCOT temporarily halting the Batch Zero power approval process. Currently, data center applications account for approximately 90% of ERCOT's 474GW interconnection queue. Bernstein analysts pointed out that regulatory scrutiny will suppress speculative development and limit new power capacity, increasing the scarcity value of already approved power capacity, benefiting existing Bitcoin mining companies and AI operators. The report states that Cipher Digital, CleanSpark, and Core Scientific are significantly impacted by the audit, while Terawulf demonstrates strong risk resilience. Riot Platforms and IREN benefit from their large-scale approved operational assets.

According to CryptoRank data, Hyperliquid's perpetual DEX trading volume reached $218 billion in July, surpassing the total of its major competitors. （Cointelegraph）