This weekend, Bitcoin continues to adjust, currently receiving basic support around 116,000. It is clear that this wave of bull market is not at the end point of 120,000. It is estimated that there will be a continuous rise in August and September, potentially reaching around 150,000. As for ETH, everyone has seen its continued strength. The reason for this strength is not due to any fundamental changes but because of continuous involvement of off-market funds. Currently, both Bitcoin and Ethereum are being dominated by off-market funds. For retail investors, focusing on the Ethereum ecosystem is a good choice;

Accompanied by the continuous rise of ETH, altcoins are reviving. Previously, everyone was encouraged to buy more as prices dropped, and now we are on the path to harvest. This round will likely see a peak in September, followed by a pullback, and then a continuous rise to speculate on the year-end market;

Let's talk about today's market highlights:

1. This weekend, the market indeed came alive, with various altcoins experiencing significant gains. For the next few months, let's cherish this;

2. The White House will release its first cryptocurrency policy report on July 22;

3. CFX Conflux public chain 3.0 is about to go live and plans to participate in the pilot for the issuance of offshore RMB stablecoins under the "Belt and Road" initiative. As soon as the news was released, CFX surged by over 1X;

4. Influenced by CFX, CKB, which is also a Hong Kong concept, surged as well, but its sustainability still needs observation;

5. USDE supply has exceeded 6 billion USD, hitting a historical high, and ENA also surged by over 40% this weekend;

6. A DOGE version of MicroStrategy has also emerged, with Bit Origin planning to launch a DOGE treasury reserve, which has secured 500 million USD in equity and debt financing. As a result, it also saw a weekend increase of 30%;

7. Pump remains stagnant, directly breaking below with a low of about 0.0037 this weekend. So far, no favorable news from the project team has been seen, while the data from bonk far exceeds that of pump. If there are no favorable news later, it will likely continue to decline;

8. There haven't been any new narratives on-chain this weekend, with various pvp, while the CEX altcoin market performed well;

9. Under the continuous drive of #ETH, various altcoins have shown different degrees of increase. Influenced by CFX, concepts like CKB and ACH from Hong Kong also saw significant surges;

10. OM surged over 50% due to its launch on Korean exchanges, and many others will not be listed one by one. In summary, the market has started, waiting for the interest rate cut in September; #cryptouniverseofficial #coinaute