The market has pulled back across the board, with a 3.9% drop in total market value over 24 hours. Is the cooling of FOMO a good thing?
1️⃣ The U.S. July PPI exceeded expectations, cooling interest rate cut expectations, with a 92.5% chance of a 25 basis point cut in September. Some say this is just a shield for large investors to adjust their positions.
2️⃣ 🇺🇸 U.S. Treasury Secretary: Not buying BTC, but the seized will be included in the strategic reserve and explore “budget-neutral” increases.
3️⃣ Lido's market share in ETH staking has dropped to a new low of 24.4%, while $LDO surged 56% over the week.
4️⃣ $BNB broke through 865U to a new high, with a market value of 116.4 billion, having risen over 310% this round.
5️⃣ $ADA briefly touched 1U, suspected institutional accumulation + RWA narrative boost.
6️⃣ #WLFI over-the-counter price close to 0.3U, Sun Yuchen once bought 45 million dollars at 0.01125U.
7️⃣ SEC delays the review of two SOL ETFs to October 16.