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According to a report by Cointelegraph, Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund, stated that tokenization can compress settlement processes to near-instant completion by integrating assets, settlements, and record-keeping on a shared ledger. However, without unified standards and coordinated regulation, tokenized financial markets may become fragmented due to platform incompatibility, creating new systemic risks.

Agricultural Product Market Analysis: The upward momentum brought by the USDA report lasted only three days before encountering resistance and pulling back. Next week's WASDE report may become the key variable to break the deadlock. What direction will the agricultural product market take?

Golden Ten Data reported on July 3 that a research report by CITIC Securities noted that in June 2026, the U.S. unemployment rate was 4.2%, lower than expected, with nonfarm payrolls also coming in below forecasts. While the leisure and hospitality sector was the main contributor in May, it became a drag on nonfarm data in June; however, non-seasonally adjusted employment in the sector still increased, as the month-on-month growth was weaker than usual for this time of year, resulting in a seasonally adjusted decline. The decrease in the unemployment rate was influenced by a drop in the labor participation rate, and the sharp monthly decline in the participation rate of prime working age (25-54) may be related to the World Cup; we believe this should not be interpreted as a trend change. Wage growth remains relatively high, indicating inflationary pressures persist. After the data release, the market downgraded its rate hike expectations, but the fundamentally solid nonfarm data are not enough to shift the market towards expectations of significantly looser liquidity. We maintain our view that the Federal Reserve will keep interest rates unchanged this year and believe that there is still room for further downward revision in market rate hike expectations.