In the past hour, total liquidations across the network reached $16.79 million, with $2.87 million from long positions, with $13.91 million from short positions. BTC liquidation $6.08 million, ETH liquidation $3.58 million.

According to CoinWorld, Allianz Chief Economist Ludovic Subran stated that while the US non-farm payroll data was actually weak, he still believes inflation will peak above 3.7%, with artificial intelligence, fiscal stimulus, and the energy industry continuing to support economic growth. He pointed out that the Federal Reserve may have to raise interest rates in September, which he believes is the real point of contention between the US and Europe. Subran also mentioned that following last month's rate hike, the European Central Bank will not take further action, as the current data seems to have already been used.

Odaily Planet Daily reports that Bio Protocol, the DeSci protocol, has announced the launch of OpenLabs, positioned as a collaborative coordination layer between humans and intelligent agents in scientific research. Its aim is to transform scientific ideas into funded, actionable projects. OpenLabs comprises five interconnected layers: posts and discovery, projects, agent collaboration, a Web3 incentive layer, and a bounty system. Regarding the incentive layer, OpenLabs plans to use a USDC-based funding mechanism to fund agent inference and tool usage. Users can deposit USDC and choose to support projects. Funds are deployed to audited yield treasuries such as Morpho and Aave, with generated yields flowing to projects for computation, querying, and simulation. The principal is not at risk. Once a project reaches a stage requiring real capital, it can issue tokens through the Bio launchpad or conduct a private sale and follow a traditional biotechnology path.

Odaily Planet Daily reports that New Hampshire House Bill HB639 has completed its registration process. The bill clarifies that state and local governments cannot restrict individuals from using digital assets for payments or holding assets through self-custodied wallets, nor can they levy additional taxes solely on the use of digital assets. Meanwhile, individuals or businesses operating nodes, conducting mining or staking activities do not need to obtain a money transfer license, and such activities are not considered the issuance or sale of securities. The bill also authorizes the state Supreme Court to establish a "Blockchain Dispute Tribunal" to specifically adjudicate related civil disputes. It is understood that the bill will take effect 60 days after its passage.

Odaily Planet Daily reports that Eli Lavon, an American citizen studying at an ultra-Orthodox seminary in Jerusalem, has been indicted by Israel on espionage-related charges. The indictment shows that Lavon faces two counts of contacting foreign agents and 14 counts of passing information that could benefit adversaries. Prosecutors allege that Lavon was recruited via Telegram to photograph sensitive locations and place hidden items with coded information for Iranian contacts, receiving approximately $1,379 in cryptocurrency from two contacts. Lavon's lawyer, Raz Bar Tzvi, told CNN that being contacted online by foreign actors does not necessarily mean he is a spy, and stated that the facts presented in the indictment are insufficient to support the charges. (Decrypt)