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According to ChainCatcher, citing a report from CoinDesk, JPMorgan (JPM) released a research report on Friday indicating that Bitcoin miners saw another strong performance in July, with profitability reaching its highest level since the last halving event. In July, Bitcoin miners earned an average daily income of $57,400 per EH/s from block rewards, a 4% increase compared to June and the highest level since the halving. However, daily income and gross profit per EH/s were still 43% and 50% lower, respectively, than pre-halving levels. The average monthly network hash rate rose by 4% in July to 899 EH/s, after declining in June due to higher temperatures. At the end of last month, mining difficulty increased by 9%, up 48% compared to before the last halving event. Among the thirteen US-listed mining companies tracked by the bank, ten outperformed Bitcoin in July. In terms of stock performance, Argo Blockchain (ARBK) stood out with a 66% increase, while Core Scientific (CORZ) underperformed, falling by 21%.

ChainCatcher reports that 2026 FOMC voting member and Cleveland Fed President Loretta Mester stated in an interview with Bloomberg that Friday’s nonfarm payroll report was “disappointing,” but this does not mean the Federal Reserve should cut rates at this week’s policy meeting. She said, “I am confident in the decision we made earlier this week. Although July’s employment data was weaker than expected, we must take a comprehensive view of the data. When I look at the current situation, I find that the labor market remains basically balanced. Once again, today’s report is just one report, and with inflation still too high, it is crucial to continue monitoring labor market conditions.”