DingDing Top 10 Cryptocurrencies Morning Report Within 24 Hours
- Legal Progress: Do Kwon Pleads Guilty in New York Federal Court for Fraud and Other Cases, One of the Largest Cases in Recent Crypto History #LUNA #UST #Legal
- ETH ETF Hits Daily High: On 8/11, Spot ETH ETF Net Inflow Exceeds $1 Billion, Strengthening Bullish Structure and Funding Narrative #ETH #ETF #Flows
- Fund Tilt on the Day: On 8/12 (Eastern Time), ETH ETF Saw About $1.02 Billion Inflow, Significantly Outpacing BTC ETF's About $178 Million #ETH #BTC #ETF
- Price Momentum: BTC Touched About $122k Before Fluctuating Around $118k–$120k, Still Dominated by Bulls #BTC #Market
- On-Chain Behavior: Overall Profit Taking Remains Mild, Long-Term Holders Are the Main Source of Realization, Retaining Room for Further Attacks #BTC #Onchain
- Stablecoin Earnings Report: Circle's First Quarterly Report After Going Public Shows Revenue Year-on-Year Growth of About 53% to Approximately $658 Million, But Reports a Net Loss of About $482 Million Due to One-Time Items #USDC #Earnings
- Financing Dynamics: Circle Initiates a Share Offering of Up to 10 Million Shares and Some Shareholders Liquidate, Funds Used for General Operations and Potential Acquisitions #USDC #Equity
- Cross-Chain Integration: LayerZero Proposes to Acquire Stargate for About $110 Million, Plans to Exchange ZRO and Retire STG #ZRO #STG #Interoperability
- Macro Outlook: Market Focuses on U.S. July CPI, Which May Become a Key Variable for Short-Term Trends #Macro #CPI #Rates
- Fund Rotation: Besides BTC and ETH, Some Mainstream and Thematic Coins Like LINK Strengthen, Acceleration of Rotation But Increased Volatility Risk #LINK #Altcoins
Comprehensive Trend Judgment
- Short-Term: Slightly Bullish Fluctuations; Observe Whether BTC Can Hold Above the Upper Edge of the $118k–$120k Range and Break Out with Volume, ETH Maintains Above $4k with Continued Net Inflows into ETFs
- Mid-Term: Bullish; Funding for ETH and BTC ETFs, Infrastructure Integration, and Regulatory Progress Provide Structural Support
- Risks: Unexpected CPI, Sudden Legal Regulations, Rapid Rotation Leading to Retracement
