BTC leads the decline, altcoins are under pressure with widespread drops. U.S. stocks are also declining, and newly launched crypto-equity assets continue to struggle, falling instead of rising. Due to the U.S. stock quarterly tax window and the U.S. Treasury's bond issuance, the market may face significant liquidity challenges in mid-September.

Market Highlights:

- In the ETH ecosystem, the zero-knowledge proof concept new coin Prove is performing strongly, with significant gains.

- In the DeSci sector, the token Bio continues to rise, with its staking mechanism supporting launch platform functions, becoming a focal point of market attention.

- In the SocialFi track, Zora's price has reached a historic high, driven by support from the Coinbase Foundation.

- In the cross-chain protocol sector, both Zro and Stg are experiencing increases, with Zro's announcement of acquiring Stg boosting market sentiment.