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BlockBeats message: On August 8, according to U.S. Securities and Exchange Commission (SEC) filings, BlackRock (BLK.N) disclosed that as of June 30, it held 51.0 million shares of Class A common stock in SpaceX (SPCX.O).

BlockBeats news. On August 8, according to ABC News: After encountering a setback at the U.S. Supreme Court, Trump continues to push forward his attempt to remove Federal Reserve governor Lisa Cook.

BlockBeats message. On August 7, Tom Lee commented on tonight’s surprise-bad nonfarm payroll data, saying that the market suffers from “inflation madness.” Even though inflation is developing along a downward trajectory, the market still appears impatient and hawkish. “After the employment report was released, the probability of a rate hike in September fell sharply from 75% two weeks ago to below 40%. Previously, many economists had even argued for an earlier rate hike; this reaction highlights the market’s excessive concern about inflation.”

Tom Lee advises investors to avoid misjudging the current situation based on memories of the high inflation seen in 2022.

BlockBeats message, August 7—China’s State Taxation Administration responded to recent discussions on taxing Hong Kong insurance earnings. It said that Chinese tax residents must, in accordance with the law, fulfill tax obligations on global income. Overseas insurance earnings also fall within the taxable income scope; this is not a new policy and is not specifically targeted at the Hong Kong insurance market. The tax authority stated that overseas insurance earnings and other investment gains obtained by individual residents must be reported and taxed according to law, and that the relevant rules treat overseas income from different countries and regions the same.

Yesterday, Caixin reported that with the normalization of CRS information exchange, China’s tax authorities can now obtain complete dividend and cash value data from overseas policies, and tax administration gaps are being gradually filled. At present, the payment of tax on insurance earnings for overseas income has been launched.

BlockBeats messages. On August 7, the latest survey results from the Federal Reserve Bank of New York showed that in July, Americans’ overall expectations for the job market improved, and their expectations for future inflation also changed. Consumers’ inflation expectations for the coming year edged down from 3.7% to 3.6%. Inflation expectations for the next three and five years were kept unchanged at 3.3% and 3%, respectively. The probability that unemployed workers perceive they can find a new job rose to 46.2%, the highest this year. This increase was most pronounced among people with high school or less education and households with an annual income below $50,000.

Consumers were more optimistic about the stock market, with the probability that they expect stock prices to rise one year from now reaching the highest level since April 2021 for this set of data.

BlockBeats message: On August 7, the prediction market platform Kalshi announced the launch of an AI tool, Blanket, aimed at helping small businesses hedge business risks such as weather, energy prices, tariffs, and elections using event contracts.

Blanket was developed by independent fintech entrepreneur Lauris Zminsky. It is based on Kalshi’s CFTC-regulated prediction market operations, but it is not an in-house Kalshi product. The tool does not directly execute trades or handle funds; instead, it uses AI to analyze the risks businesses face and recommends Kalshi event contracts that can be used for hedging.

BlockBeats message, August 7: In the U.S., the New York Fed's 1-year inflation expectations for July were 3.63%, expected to be 3.71%, and the previous value was 3.67%.

BlockBeats messages, August 7, according to a report by the Financial Times of the UK, Jane Street is in talks with some investors, including Pimco, planning to use a private credit transaction to move its approximately $11 billion in debt from the public markets to private instruments.

Analysis suggests that this debt transfer by Jane Street is intended to reduce the quarterly financial disclosure requirements to a large number of creditors, while providing the company with greater flexibility to further invest in AI infrastructure (such as data centers and related technologies).

BlockBeats message, August 7, glassnode released a market outlook saying that Bitcoin options market sentiment is improving. The short-term downside skew has clearly eased, with the 1-week 25 Delta Skew dropping to about 7%, indicating that recent panic has somewhat calmed. However, skew for longer tenors remains around 10%–12%, and demand for downside protection still persists.

At present, BTC call options open interest is about $15 billion, higher than put options’ approximately $10 billion. Recently, funds have mainly concentrated in the $61,000 to $67,000 range, and there has been a relatively clear buy of $65,000 call options. glassnode believes the market is shifting toward a more constructive positioning, but has not yet abandoned risk hedging.

BlockBeats message, August 7: Pump.fun announced that it has rolled out an upgraded social trading feature in its app, further enhancing community engagement and trading experience. The update includes: users can create token alerts and send notifications to all followers; support for zero-fee trading; and support for seamless cross-chain trading using USDC.

BlockBeats news. On August 7, according to market data from BIT (bit.com), during trading hours SpaceX continued to rise, up 11.29%, currently at $127.96.

Earlier, Argus Research and Bernstein recently raised their target prices for SpaceX, expressing optimistic expectations for the stock’s performance.

BlockBeats message, on August 7, according to BIT (bit.com) market data, SpaceX continued to rise during trading hours, with a gain of nearly 8.5%.

Earlier reports said that Argus Research and Bernstein have recently raised their target prices for SpaceX, expressing optimistic expectations for the company’s stock performance.

BlockBeats message, August 7: according to market data from BIT (bit.com), although today’s jobs report did not drive the market, the US stock storage sector still failed to reverse its slump. Micron Technology fell 3.5%, SK Hynix fell 6%, SanDisk fell 5.2%, Western Digital fell 5.8%, and Seagate Technology fell 10%.