According to CoinMeta, as analyzed by the analyst from Bitunix, non-farm employment in the United States decreased by 23,000 in July. Coupled with exchange rate interventions between the US and Japan, this has exacerbated global concerns about high funding costs. The market is closely monitoring the July CPI data from the US and the capital efficiency of the AI industry. The unexpected decline in non-farm employment data directly reveals the cooling of the US labor market, contrary to previous expectations of economic overheating. This change forces the market to re-evaluate the Federal Reserve's monetary policy path and significantly increases the urgency for interest rate cuts. The weakness in the employment market undermines the support for economic growth, leading to further increases in funding cost pressures amid risk-aversion sentiment. This data has become a critical turning point that reverses market expectations, clearly indicating a substantial weakening of economic growth momentum.