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BlockBeats message: On August 1, the decentralized AI data network Perceptron Network completed a strategic financing round of $6.5 million. Participating investors include Sigma Capital, Selini Capital, QCP Capital, P2 Ventures, CoinDCX Ventures, Momentum6, DeFi Capital, Walrus Foundation, Aethir, Colosseum, GuruDev Capital, Tempo Finance, NewTribe Capital, Digital Consensus Fund, and CodeCraft Capital.
This round of financing will be used to support the launch of Perceptron’s data exploration platform, expand its contributor tools and rewards infrastructure, and scale the network toward a target of 5 million nodes. Perceptron aims to integrate global data collection into a single contributor network, enabling AI companies and ordinary contributors to access, verify high-quality datasets and monetize them. Perceptron is already live, with more than 700,000 nodes.

BlockBeats report, August 1: according to crypto reporter Eleanor Terrett, the Trump administration is weighing a bipartisan ethics counterproposal put forward by Senators Tillis and Gallego. The proposal adds new powers for state attorneys general: if the Department of Justice fails to enforce ethics laws against federal officials, the state attorney general may sue the DOJ.
The Clarity Act is a bipartisan cryptocurrency market-structure bill that has passed a Senate committee and includes a stablecoin yield compromise provision; its fate may depend on the White House’s response to the ethics proposal this weekend, to determine whether to proceed with a cloture vote.

BlockBeats message: On August 1, U.S. Treasury Secretary Bessent attended a cabinet meeting for President Trump at the Camp David on Friday local time. A “to-do” list on a notepad in his notebook was exposed, stating “Buy Japanese yen $5.0–$10.0 billion.” The photo was taken during the portion of the meeting that was open to the media, at 11:33 a.m. Eastern Time (23:33 Beijing Time). Bessent’s nameplate happened to be positioned above the notepad, clearly visible. A spokesperson for the U.S. Department of the Treasury did not respond to a request for comment regarding the notepad’s contents or whether intervention measures had been taken on Friday.

BlockBeats news: On August 1, overnight and this morning, US stocks continued the rebound trend. According to market data from BIT (bit.com), on the individual-stock level, Amazon rose by more than 15%, Apple fell by as much as more than 10% at one point, and ultimately closed down 7.35%. In addition, Google rose 6.73%, Nvidia gained 2.93%, MetaPlatforms rose 3.28%, Microsoft rose 3.02%, and SpaceX fell 3.41%.
AI stocks in the sector also saw mixed gains and losses. Micron fell 5.93% and Hynix in the US fell 3.58%. MRVL rose 2.32%, leading a broad advance in small-cap CPO concept stocks. LITE gained 2.93%, and COHR rose 5.55%. The AI stock “king” holdings that had surged more than 20% the day before generally adjusted downward. NBIS rose only 1%. Storage stocks also broadly adjusted, with SanDisk down more than 5%.

BlockBeats report: On August 1, it was learned that Federal Reserve Chair Wosh is considering reducing the number of rate-decision meetings held regularly by the Fed. The move could cause a major shock and would mark the most significant change in how the Federal Reserve has operated in recent years. Currently, the Federal Open Market Committee (FOMC), which is composed of 12 members, meets eight times per year to vote on whether to raise, lower, or maintain borrowing costs.
According to four people familiar with the matter, Wosh raised a proposal to adjust the frequency of meetings at this week’s Federal Reserve meeting. According to insiders, at this week’s meeting, Wosh discussed the legal basis that the Federal Reserve must follow regarding the minimum number of meetings it is required to hold each year, as well as a timetable for such adjustments. It is said that Wosh asked officials to provide him with their individual views rather than conducting a comprehensive discussion of the meeting schedule at this week’s meeting. (The New York Times)

BlockBeats News, August 1: On Friday, Tether released its financial report. In the second quarter, its excess reserves decreased by $4.1 billion compared with the previous quarter. As of the end of the first quarter, the issuer of USDT, Tether, stated that the value of its assets exceeded its liabilities by $8.2 billion; in the latest data, this figure has fallen to $4.1 billion.
The report also shows that Tether’s financial results for the first half of this year were negative by $3.2 billion. Given that the company reported a net profit of $1 billion in the first quarter, this suggests that it may have recorded losses of more than $4 billion in the second quarter.
Compared year over year, Tether’s performance has also clearly weakened. In the second quarter of 2025, the company posted a net profit of $4.9 billion, while its net operating profit in this year’s second quarter was $1.5 billion. Net operating profit typically does not include unrealized gains or losses arising from changes in the prices of assets such as Bitcoin and gold.

BlockBeats message: On August 1, Federal Reserve official Bakin said whether the interest rate level set by the Fed is sufficient to curb inflation is an “outstanding” question. He also said he is unsure whether he will vote in favor of a rate hike, like the other three regional Fed presidents who supported the hike in this week’s vote. In an interview on Friday, Bakin said, “I think there are indeed sufficient reasons to tighten policy and unwind some of the rate-cut measures from last year.” He noted that given the slowing in June inflation data, “I think it can also be argued that... there is still time before the next meeting to determine whether the current policy stance is appropriate.” Bakin will not participate in voting on rate decisions until next year.