Dingding 24-hour Top 10 Cryptocurrency Morning Report
- Policy Trends: El Salvador allows financial institutions with a capital of ≥ $50 million to apply for an 'investment bank' license and hold/manage digital assets; institutionalization advances further #Policy #BTC #ETH
- Industry Integration: LayerZero Foundation proposes to exchange about $110 million in ZRO for STG to acquire Stargate for integrated governance and product roadmap #ZRO #STG #Interoperability #Bridge
- ETF Observation: After the SEC-Ripple settlement, BlackRock currently has no plans to file for a spot XRP ETF, interpreted by the market as a wait-and-see approach to liquidity #XRP #ETF
- Macroeconomic Environment: Traders bet on a 90% chance of a rate cut in September, risk asset sentiment warms up #Macro #FOMC #RateCut
- Price Momentum: BTC retests the 119k range, highs and lows around 119,437/116,575; pay attention to 120k resistance and volume breakthrough #BTC #Market
- Mainstream Continued Strength: ETH returns to 4,200 and tests 4,300, ETF funds and derivatives activities continue #ETH #ETF #Derivatives
- DeFi Risks: The 'disappearance' of CrediX after the Sonic ecosystem attack remains unresolved, sparking renewed discussions on counterparty risk in agreements #DeFi #Risk #Security
- Venture Capital Structure: Traditional non-DAT/non-token rounds decreased by 56% compared to the same period last year, inventory asset (DAT) trading and liquidity arrangements heat up #VC #DAT #Liquidity
- Tokenization Trends: RWA/commodity tokenization narrative heats up; the market simultaneously reflects BTC near 119k, ETH holding above 4.2k #Tokenization #RWA #BTC #BTC Wall Street Trends: JPM maintains a bullish stance on US stocks, increasing the likelihood of risk appetite spilling over into crypto assets #Macro #Equities #RiskOn
Comprehensive Trend Judgment
- Short-term: Bullish oscillation; observe whether BTC can break above 120k with volume, and whether ETH can stabilize in the 4,200–4,300 range
- Mid-term: Bullish; policies and institutionalization (ETF/investment bank licenses) drive funding and narrative
- Risks: Spillover of agreement security incidents, unmet rate cut expectations, thin liquidity in individual assets
