BTC's rebound strength is weak, but ETH is relatively strong, with the ratio returning above 0.032. Whether this strength can continue in the future completely depends on the off-market financing capabilities of sbet bmnr, etc., because this round of ETH has no narrative at all, and retail investors basically have no enthusiasm to participate, relying purely on off-market financing to drive the market.
Bitcoin's 4-hour level has not stabilized, and there is a possibility of another drop to test support. Contract users should be highly aware of the risks, but the decline is very temporary, and after this week, we will see signs of a market restart. The market is eager to speculate on the expectations of a rate cut in September, so it is very suitable to layout some quality leading altcoins from now on. This is the basic logic of buying more as the price drops that I mentioned earlier.
The pullbacks during August are all opportunities for you to enter spot trading. Bitcoin's current rebound is relatively weak, while ETH has started to take the lead in an independent market. It's really just relying on public companies and institutions to drive the market, but ETH's narrative hasn't started to be speculated yet, and it may still fluctuate back and forth, just as I mentioned yesterday. We keep grinding institutions and public listings to acquire more ETH, just like how we kept grinding for 100,000 in the first half of the year. MicroStrategy keeps buying, and retail investors can only look on, but this range will definitely keep rising.
The market will see more speculation on the expectations of a rate cut in September later this month.
1.PENDLE
Pendle is a DeFi protocol that brings new breakthroughs to yield farming. Its key innovation lies in separating asset ownership from the right to obtain future yields. This allows users to create new financial instruments using assets that can generate yields.
As of the writing of this article, Pendle's stock price is $4.02, up 4.43% in the past 24 hours. Current market sentiment is bullish, with a fear and greed index of 64, indicating that traders' risk appetite is increasing. Pendle has also seen 15 up days in the past 30 days, indicating stable prices and strong buying interest.
The token is currently trading above its 200-day moving average, indicating a long-term upward trend. Its 14-day RSI is 45.71, indicating that the asset is in a neutral zone. Relative to its market capitalization, its liquidity is also high, making it easier for users to enter and exit.
Meanwhile, Pendle has recently launched on HyperEVM, unlocking fixed-income options and expanding its ecosystem. The team plans to expand into new yield markets, enhance liquidity, and integrate native features such as PT and LP collateral.
Despite a significant expiration event involving $1.5 billion TVL, Pendle's total locked value has soared to a historic high of $7 billion. This further highlights strong user confidence and platform growth.
2.LDO
Lido, one of the top liquid staking platforms on Ethereum, announced a 15% layoff. Co-founder Vasiliy Shapovalov shared this decision on the X platform, aiming to lower operating costs and allow the project to focus on long-term development and sustainability.
This move will affect the teams of major contributor organizations of Lido. The goal is to allocate more resources for technological improvements and the healthy development of the protocol. Although layoffs are always difficult to accept, the market reacted positively to this news. After the news broke, the price of Lido DAO immediately rose by 4.3%.
As of the writing of this article, LDO's trading price is $0.9412, up 4% in the past 24 hours. In the past day, the token's price fluctuated between a low of $0.9038 and a high of $0.9515. This price trend suggests that investors may view this restructuring as a wise long-term strategy.
Lido focuses on cost-cutting while committing to technological development, which will strengthen the protocol and its community in the long run. As market sentiment improves, it will become a key project to watch in the Ethereum staking space.
3.LINK
Chainlink has just launched a significant upgrade, specifically for US stocks and ETFs, Chainlink data streams. This new service will transmit real-time, high-speed financial data directly on-chain, aimed at supporting the next generation of tokenized financial products. Early adopters of this feature include top DeFi protocols such as GMX, Kamino, and GMX-Solana.
These data streams provide developers with reliable real-time data for use cases such as tokenized stock trading, perpetual futures, and synthetic ETFs. Its highlights include advanced features such as market time execution, expiration detection, and institutional-level pricing from top data providers. This release marks an important step in the integration of traditional finance and blockchain technology.
As of the time of writing, Chainlink (LINK) is trading at $16.88, up 4.38% in the past 24 hours. The price has remained above the critical support level and continues to enhance upward momentum. Traders and analysts are watching for its potential breakout and have set target prices far above current levels.
According to chart analyst Ali on X, LINK's 3-day chart shows a strong bullish pattern. The token's trading price is above $15.089, consistent with the 0.618 Fibonacci level. If LINK breaks through the resistance level of $34.500, it could trigger an increase to around $44.861. With strong fundamentals and technical signals, Chainlink is rapidly becoming one of the most promising assets in the DeFi space.
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