GM20250717

1) Market Trends

BTC fluctuates, and the altcoin season has arrived. BTC's dominance rate weekly breaks, and the ETH/BTC exchange rate monthly breaks. The main market narrative revolves around compliance and real returns.

U.S. stocks rise, and the White House states that Powell will be fired soon. ETH micro-strategy Sbet and stablecoin Circle surge.

2) Market Highlights:

1. Public chain ETH surges, and the ETH/BTC exchange rate monthly breaks. Stablecoin concepts like CRV and CVX soar. The meme on the ETH chain, SPX, hits a new high, with the whale Murad earning $60 million.

2. The SOL chain meme launch platform Bonk surges, while Pump plummets, with Bonk and Pump's revenues approaching each other. The meme from the Bonk series, ANI, rises significantly, frequently mentioned by Musk's account.

3. Junk projects Floki, Bome, Cati, and others rebound, with random dog tokens flying on-chain. Market sentiment peaks, increasing risk.

4. Caldera (ERA) on BN is an L2 rollup deployment platform with a total financing amount of $25 million.