24-hour Market Highlights:
1. The cryptocurrency market is experiencing a widespread decline, with the total market value down by 3.9% in 24 hours, and the three major US stock indices approaching a close. The market's FOMO sentiment is a topic of discussion; perhaps this is a good thing?
2. The US July PPI was as expected, and the market is panicking due to decreased expectations of interest rate cuts, but the probability of the Federal Reserve cutting rates by 25 basis points in September remains at 92.5%. Some believe that the PPI serves as a shield for large investors adjusting their positions.
3. US Treasury Secretary Yellen: Will not purchase BTC; confiscated BTC will be used as strategic reserves, and the US is exploring ways to acquire more BTC through a 'budget-neutral' approach.
4. Lido's share in the Ethereum staking market has fallen to 24.4%, reaching a historical low. However, the price of LDO has performed outstandingly, rising by 56% in a single week.
5. BNB briefly broke through $865, setting a new historical high. The market value reached $116.4 billion. BNB has risen over 310% from its low point in this round.
6. ADA briefly touched $1, with heightened interest potentially stemming from institutional accumulation and RWA narratives igniting market enthusiasm.
7. The FOMO sentiment for WLFI has risen. The off-market price is close to $0.3, and Sun Yuchen previously bought $45 million at an average price of about $0.01125.
8. Yi Lihua: Every pullback in a bull market trend is an opportunity to increase positions, but avoid using high leverage. Tom Lee: PPI is just a minor issue; there has been buying on every drop since the end of 2022.
9. The SEC has postponed its decision on the Bitwise Solana ETF and 21Shares Core Solana ETF, with a new deadline set for October 16.
10. AI Market Analysis:
-BTC reached a new high, facing short-term pressure in the key range of $120,000 to $123,000, with intense capital games;
-ETH is performing strongly, and market sentiment remains high;
-Altcoins are showing overall divergent performance, rising fast and falling fast;
