DingDing 24h TOP10 Crypto Morning Report
- Legal update: Do Kwon pleads guilty in New York federal court, marking a landmark case in crypto #LUNA #UST #Legal
- ETH ETF record day: on 8/11, U.S. spot ETH ETFs drew >$1B net inflows, reinforcing the bull narrative #ETH #ETF #Flows
- Capital tilt: on 8/12 (ET), ETH ETFs ~$1.02B inflows vs. BTC ETFs ~$178M #ETH #BTC #ETF
- Price action: BTC probed ~122k then ranged 118k–120k, bulls still in control #BTC #Market
- On-chain behavior: profit-taking remains modest; long-term holders dominate realized gains, leaving room for continuation #BTC #BTC ain
- Stablecoin earnings: Circle’s first post-IPO quarter saw revenue up ~53% to ~$658M but a ~$482M net loss due to one-offs #USDC #Earnings
- Equity move: Circle launches up to 10M-share offering plus some shareholder sell-down for general use and M&A #USDC #Equity
- Cross-chain M&A: LayerZero proposes ~$110M acquisition of Stargate, swapping ZRO for STG and retiring STG #ZRO #STG #Interoperability
- Macro watch: U.S. July CPI could be the key near-term catalyst #Macro #CPI #Rates
- Rotation: beyond BTC and ETH, majors and narratives like LINK strengthened; faster rotations raise volatility risk #LINK #Altcoins
Trend takeaways
- Short term: Constructively bullish but choppy; watch BTC holding the 118k–120k band with volume, ETH >4k and continued ETF inflows
- Medium term: Bullish bias; ETF flows, infra consolidation, and compliance progress provide support
- Risks: CPI surprises, regulatory/legal headlines, and rapid rotations leading to drawdowns
