Odaily News The number of initial jobless claims in the United States for the week ending June 28 was 233,000 (10,000 people), the previous value was 236, and the expected value was 24. (Jinshi)

Odaily News The US unemployment rate in June was 4.1%, the previous value was 4.20%, and the expected value was 4.3%. (Jinshi)

Odaily News According to the official announcement, Binance has launched an institutional loan service for VIP5 and above institutional users (KYB), providing up to 4x leverage. The service supports cross-subaccount collateral (up to 10 subaccount UIDs), and the collateral assets cover the net value of spot, full-position and combined margin accounts, and support more than 400 types of collateral assets (including BTC, ETH and other assets that are exempt from reduction). The loan funds can be used for full-position, combined margin or combined margin professional version transactions in Binance margin and futures markets. Institutional loans provide a tiered interest rate structure, and eligible people can enjoy a zero interest discount. (This newsletter is generated with the assistance of AI)

Odaily News The seasonally adjusted non-farm payrolls for June in the United States were 147,000 (10,000 people), compared with 139 in the previous month and 11 as expected. (Jinshi)

Odaily News According to official news, Binance Payment has launched two important upgrades: contact transfer and on-chain transfer. Among them: Contact transfer does not require entering a wallet address, email address or Binance ID, and you can quickly transfer cryptocurrency to your mobile phone contacts. There are more than 300 cryptocurrencies to choose from, and no gas fee is charged; On-chain transfer only requires scanning a QR code or taking a photo of a wallet address to easily transfer cryptocurrency on the chain. No manual input is required, and there is no need to go through tedious network operations.

Odaily News UBS Global Wealth Management said in a report that the United States' ability to repay its debts remains intact. UBS said it expects the U.S. House of Representatives to approve Trump's economic policy agenda, even though the nonpartisan Congressional Budget Office estimates that the bill will add $800 billion to the national debt over the next decade compared to the original House version. "But we believe that the United States still has the ability to manage its debt," UBS said. The report said the credibility of the Federal Reserve, the reserve status of the dollar, the depth and liquidity of the U.S. Treasury market, the Fed's balance sheet holdings, and bank capital supervision may all help fill the deficit. (Jinshi)