According to BlockBeats, on July 29, citing Bloomberg data, US bank clients continued to actively buy US stocks last week, extending their consecutive buying streak to four weeks.

Institutional investors led the trend, recording their largest weekly net buying since December 2020 and Bank of America's second-highest level since 2008. Retail investors also continued to buy, while hedge funds were net sellers for the third consecutive week.

The technology, financial, and industrial sectors attracted the strongest inflows, with the industrial sector recording record demand after months of outflows. Communication services, energy, and materials were the weakest performing sectors.

According to BlockBeats, on July 29, former senior advisor to the Federal Reserve, Jon Foster, stated that he believes the Fed will not raise interest rates today because he agrees with FOMC Vice Chairman John Williams' view that "the possibility of gaining a credibility bonus by deliberately choosing to surprise the market will not work."

According to BlockBeats, on July 29, Yangtze Memory Technologies Co., Ltd. (YMTC) issued a statement saying that the online information claiming "the U.S. Patent and Trademark Office ruled on July 28 that all 19 claims of YMTC's core 3D NAND patent were invalid" is seriously misleading. The online claim that "YMTC-related concept stocks plummeted across the board" is a malicious fabrication based on the aforementioned misleading information, and the related descriptions are seriously inconsistent with the facts.

The statement said that since November 2023, Yangtze Memory Technologies Co., Ltd. (YMTC) has filed a patent infringement lawsuit against Micron Technology Co., Ltd. in the United States, involving 27 patents and 295 patent claims, which is still under review. YMTC does not comment on ongoing litigation, and relevant updates can be found through public channels.

According to BlockBeats, on July 29th, GMGN data showed that after a half-day correction, Robinhood's on-chain meme coin PIPEDOG resumed its upward trend tonight. As of press time, its market capitalization was $59.89 million, and its 24-hour trading volume exceeded $57.7 million.

However, perhaps due to limitations in the overall liquidity of the Robinhood blockchain, while PIPEDOG surged, several Robinhood ecosystem tokens suffered from "vampire bleeding." STONKBROKER, PONS, and others all experienced short-term declines.

It's important to note that this meme coin was not issued through the Robinhood ecosystem platform. The issuer remained anonymous throughout, and multiple data points indicate serious insider trading activity: multiple groups of addresses acquired large amounts of tokens early in the token's release. However, the fact that the token had a large amount of liquidity locked in on-chain garnered some positive feedback from users.

BlockBeats reminds users that this token is subject to significant uncertainty, and users should exercise caution when investing.