CoinWorld news on July 16 reported that according to Matrixport's latest analysis, Ethereum has risen 18% in the past month, with 17 percentage points of the increase occurring during Asian trading hours, highlighting the significant influence of the Asian market on cryptocurrency price discovery. Meanwhile, Bitcoin and Ethereum have increased by 8% and 19% respectively in the past week, attracting widespread attention from the U.S. media. The U.S. market is entering 'Crypto Week,' with major stablecoin-related legislation expected to pass, further promoting the narrative of the U.S. becoming a global cryptocurrency hub. The growth in the U.S. market is mainly attributed to capital inflows from ETFs, corporate financial activities, and Circle's IPO, among other factors. However, compared to the relatively stable capital flows in the U.S. market, the volatility and momentum of Ethereum are clearly driven by the Asian market.