Crypto Market Update

Market Overview:

$BTC rises, altcoins generally up. Market trends revolve around $ETH ecosystem.

US stocks rise, September interest rate cut expectations soar.

Market Highlights:

Public chain Ethereum surges, ETH/BTC exchange rate continues to rise. ETH institutional holdings at 7%, compared to BTC's 12% institutional holdings, indicating room for growth.

ETH-related tokens like $ZORA, ENA, $PROVE and ZKJ show significant gains. ENA's USDE stablecoin exceeds $10 billion in scale. PROVE is a new token for zero-knowledge proofs. ZORA, a SocialFi launch platform on the Base chain, reaches new highs. ZKJ is Chinese-backed, similar to MYX.

Trump WLFI concept token DOLO surges several times, breaking new highs. WLFI likely to launch in September. WLFI's CTO is DOLO co-founder, suggesting Trump concept stablecoin USD1 may collaborate with DOLO.

DeSci token BIO rises sharply, requires staking for launch platform.

Football fan tokens OG, JUV, etc. rise, short-term market risk increases.