According to BlockBeats, on July 8th, Onchain Lens monitoring revealed that a whale transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital.

The transferred assets include 78,100 HYPE tokens (worth approximately US$5.25 million) and 263,700 LIT tokens (worth approximately US$601,000).

According to BlockBeats, on July 8th, SemiAnalysis, an independent research firm specializing in semiconductors and AI, published an article stating that while US consumer confidence continues to weaken, the labor market has not yet shown significant signs of corresponding deterioration. The voluntary turnover rate is typically the best indicator of consumer employment confidence, and currently, the number of voluntary departures remains low, reflecting that employees are not universally choosing to leave. However, consumers have begun to express concerns about future employment prospects, a sentiment not driven by short-term factors such as oil prices. In contrast, the Conference Board's Consumer Confidence Index shows a strong correlation with the voluntary turnover rate, while the University of Michigan's Consumer Confidence Index appears more pessimistic and has a weaker correlation.

Industry data shows that job openings in the US industrial, manufacturing, and import-related sectors have increased over the past six months, while the significant decline in job openings is currently concentrated in the information services industry. Artificial intelligence (AI) has initially impacted industries with low barriers to entry, and market concerns about AI replacing jobs have far exceeded the actual impact. This panic itself may further suppress wage growth and consumer spending, driving the US economic growth momentum to gradually shift from consumption to investment, even before a large-scale AI-induced unemployment wave has occurred.

The low voluntary quit rate and weak consumer confidence are not positive signs for the US non-farm payroll data. However, given the aging population, the continued retirement of the baby boomer generation, and the fact that immigration is no longer a significant driver of labor force growth, the number of new jobs needed to maintain the unemployment rate at 4.3% may only be around 55,000. Following last month's better-than-expected addition of 172,000 jobs, a decline in this month's employment data remains the baseline scenario. However, even if the market generally expects an increase of around 110,000 jobs, this level could still put downward pressure on the unemployment rate, allowing the Federal Reserve to maintain a wait-and-see stance rather than rushing to adjust monetary policy due to deteriorating consumer sentiment.