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Golden Ten Data reported on July 3 that Makoto Noji, a strategist at SMBC Nikko Securities, stated that the Japanese yen cannot sustain appreciation without a firm commitment from the Japanese government to fiscal consolidation. He pointed out that the recent widening of the spread between short-term and long-term yields in Western bond markets indicates that Japan has already begun exporting "unhealthy" yield increases caused by fiscal concerns to Western countries. He also said that if the United States conducts interest rate checks as it did earlier this year, the appreciation of the yen could accelerate. He added that such a move by the U.S. might indicate that the U.S. is demanding Japan to improve its fiscal situation.

Foresight News reports that Gilbert Verdian, founder of blockchain interoperability solution provider Quant, announced on Twitter that Quant has joined the x402 Foundation hosted by the Linux Foundation. Additionally, its Quant Fusion Layer 2.5 multi-ledger Rollup solution now supports the x402 standard, covering more than 70 networks.

BlockBeats News, on July 3, according to Hyperinsight monitoring, SK Hynix briefly fell below $1,400 this morning, with the low point dropping to around $1,350. On Hyperliquid, a smart money address (0x9a5) consistently opened long positions with 10x leverage at low prices, ultimately establishing a long position of approximately $2.06 million with a principal of about $184,000. After rolling over, the average held price was around $1,413. As market sentiment recovers, SKHX is currently quoted at $1,580 on Hyperliquid, rebounding about 17% from the low. The floating profit rate for this address has reached 115%, with an unrealized profit of approximately $216,000.