Market Dynamics and Trend Analysis

Policies and Regulations

Trump nominated Stephen Miran to fill the vacancy on the Federal Reserve Board, serving until January 2026. Miran supports a rate cut policy and has proposed central bank reform plans, including the divestment of bank regulatory powers. This move is seen as a signal that monetary policy may shift towards easing. Trump also signed an executive order directing relevant departments to facilitate investments in cryptocurrencies and other alternative assets for retirement savings plans.

Analysts believe that if cryptocurrency assets account for 1%-10% of retirement plans, it could lead to an influx of between $80 billion and $800 billion. This move marks the formal entry of Bitcoin into mainstream compliant investment channels, helping to attract stable long-term capital, reduce market volatility, and strengthen Bitcoin's status as a store of value.

Local Market Dynamics

Several companies in the Hong Kong stock market are laying out RWA( real-world assets), driving related stock prices up. Analysts point out that companies with RWA tokenization capabilities and strong technological research and development capabilities have a competitive advantage. These companies can enhance the liquidity of traditional assets and optimize investment portfolios through technological innovation. At the same time, investors are warned to be cautious of companies lacking substantial technological investment and long-term planning, to avoid the risks that come from blindly following trends.

Cryptocurrency Market Analysis

Bitcoin breaks through $117,500. Analysis shows that after hitting a new high in July, the BTC price has entered a narrow oscillation phase, with the potential interest rate cut by the Federal Reserve in September being a potential positive factor. The supply in the range of $110,000 to $116,000 is relatively light, and the market may need time to accumulate new support. If it cannot break through the resistance at $116,900, it may dip to $110,000, but the short-term holder cost line at $106,000 still provides support.

Ethereum recently reached a new high, approaching the $4,000 mark. Analysts believe that the strengthening of ETH may indicate an upcoming explosion in the altcoin market. The ETH/BTC ratio has rebounded by about 75%, injecting momentum into the altcoin sector. Institutional investor interest is strong, having accumulated approximately 1.6% of the total supply of Ethereum. Some analysts even predict that the price of ETH could reach $16,000.

Market Data Overview

• Bitcoin: $116,954 ( Year-to-date +24.59% ), Daily trading volume $38.732 billion
• Ethereum: $3,944.90 ( Year-to-date +16.98% ), daily trading volume $37.192 billion
• Fear and Greed Index: 74( Greed )
• Market Share: BTC 60.0%, ETH 12.2%
• 24-hour liquidation: 115,938 people, total amount 408 million USD

ETF Capital Flow

• Bitcoin ETF: +$281 million
• Ethereum ETF: +$222 million, net inflow for 3 consecutive days

Recent Token Unlocking Plan

• Immutable(IMX): Approximately 24.52 million tokens will be unlocked on August 8, valued at 12.2 million USD.
• Space and Time(SXT): Approximately 24.64 million tokens will be unlocked on August 8, worth 2 million USD.
• Ethereum Name Service(ENS): Approximately 1.45 million unlocked on August 8, valued at 41 million USD.
• Movement(MOVE): On August 9th, approximately 50 million tokens will be unlocked, valued at 6.5 million dollars.
• Render(RENDER): On August 10, approximately 492,000 pieces will be unlocked, worth 1.7 million dollars.

Market Performance Highlights

Top 100 largest gains in market capitalization on the day: Pendle up 27.4%, Mantle up 21.1%, Aerodrome Finance up 17%, Lido DAO up 16.9%, Stellar up 15.2%.

Industry News Overview

• An investment firm plans to issue securities worth up to $5 billion to purchase Ethereum.
• Chainlink has launched a strategic LINK reserve, with over one million dollars deposited.
• INFINIT airdrop claim will open today, lasting for one month.
• A trading platform will launch IP tokens in multiple markets.
• A suspected founder of an investment institution liquidated long-held ETH, expecting to profit 7.796 million USD.
• Orca DAO proposes to stake 55,000 SOL and a two-year ORCA buyback plan
• Ethereum's on-chain transaction volume in July reached a nearly 18-month high, totaling $238 billion.
• The Bitcoin and Ethereum options market in August shows a bearish tendency.