Good morning, everyone! The on-chain market is gradually recovering. Don't just focus on the smattering of exchanges or the numerous people advertising projects. The on-chain wealth effect is on the rise again.
1.$BTC has been swirling around, only to rebound amidst a wave of bearish sentiment. It's safe to say nothing will go as expected by the "leeks" (the market leeks) predict.
2.$ETH All treasuries have consistently expressed optimism, unanimously initiating a "FOMO" (FoMo) sentiment, pushing the price back towards 3700.
3.$SOL is following the market trend, and coupled with the recent wealth effect of the Sol, demand remains strong.
4. The US federal government has partnered with OpenAI to promote AI applications.
5. Parataxis has merged with a SPAC to establish a $640 million Bitcoin treasury company.
6. Cryptocurrency mining company Iren surpassed MARA in both Bitcoin production and mining machine utilization in July.
7. The Orca DAO proposal to use treasury funds for ORCA buybacks and validator staking has entered the on-chain voting phase.
8. Backed's tokenized stock trading volume (including Tesla tokens) has exceeded $2 billion. USD;
9. Vitalik: Prioritize ZK fast withdrawals, with the goal of achieving instant cross-L2 settlements on L1;
10. Roman Storm was found guilty of unlicensed money transmission, but not guilty of North Korea sanctions and money laundering charges;
11. American Bitcoin, a Trump-linked cryptocurrency mining company, is expected to list on the Nasdaq, and shareholders have begun voting on the proposed merger;
12. Bakkt will acquire a 30% stake in Japan's Marusho Hotta and rename it "bitcoin.jp" as it moves toward a cross-border BTC treasury;
13. Market News: Trump's advisers are pushing for the appointment of an interim Federal Reserve governor to fill the seat;
14. Michael Saylor: "Buy BTC" is the most important investment advice I've received so far;
15. Galaxy Digital CEO: The craze for crypto asset reserves has peaked;
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Watch where the money is flowing in. Follow the money, not the crowds. Don't spend all your time in places with few people; go where there are fewer people and more fish.
