24-hour Major Events in the Crypto Space! 1-Minute Overview of Overnight Market Trends
✨ Last night’s compilation of key Crypto information, don’t miss it!
1⃣ The crypto market fell across the board, with a total market value decline of 3.9% in 24 hours, while the three major U.S. stock indices closed nearly flat. The market's FOMO sentiment has cooled, which might be a good thing?
2⃣ The U.S. July PPI exceeded expectations, causing panic in the market due to lowered interest rate expectations, but the probability of the Federal Reserve cutting rates by 25 basis points in September still stands at 92.5%. Some believe that the PPI is a shield for large holders adjusting their positions.
3⃣ U.S. Treasury Secretary Yellen: will not purchase BTC, confiscated BTC will be treated as strategic reserves, and the U.S. is exploring ways to acquire more BTC with a “budget-neutral” approach.
4⃣ Lido's market share in Ethereum staking has dropped to 24.4%, a historic low. However, LDO's price performance has been outstanding, rising 56% in a single week.
5⃣ BNB briefly broke through $865, reaching an all-time high. Its market cap has reached $116.4 billion. BNB has risen over 310% from its low point in this round.
6⃣ ADA briefly touched $1, gaining popularity, possibly due to institutional accumulation and the RWA narrative igniting market enthusiasm.
7⃣ FOMO sentiment for WLFI has risen. The over-the-counter price is close to $0.3, and Sun Yuchen once bought $45 million at an average price of about $0.01125.
8⃣ Yi Lihua: Each dip in a bull market trend is an opportunity to add positions, but do not use high leverage. Tom Lee: The PPI is just a minor issue; there has been buying during every dip since the end of 2022.
9⃣ The SEC has postponed its decision on the Bitwise Solana ETF and 21Shares Core Solana ETF, with the new deadline set for October 16.
