The market is performing strongly today, with Bitcoin steadily rising and altcoins collectively gaining momentum, leading to a clear upward trend. The current market focus is clear, revolving around the Ethereum ecosystem, and the attention from funds is visibly high. The U.S. stock market is also strengthening in tandem, with July CPI data coming in better than expected, causing the probability of a rate cut in September to soar to 90%, which has added significant confidence to the market.
Key highlights worth mentioning:
- Ethereum's recent surge has been impressive, as it approaches new highs. On the U.S. stock side, the actions of buying on margin continue, with yesterday's ETF inflow reaching a new peak, indicating a clear entrance of institutional investors.
- Solana has also rebounded and recovered, with the launch platform Pump rising alongside it, although another platform, Bonk, has seen a slight decline in market share, indicating increased competition.
- The small coin Cyber has emerged as a dark horse today, experiencing a significant rise, especially after being listed on the South Korean Upbit exchange, which has come at a timely moment.
- There are also new developments in the stablecoin sector, with projects like USDC and Stripe announcing plans to create stablecoin public chains Arc and Tempo. Whether there will be airdrops remains uncertain, so we need to wait for more news.~
