Summary of the current situation
Currently, the macro CPI is good, PPI is unexpectedly poor, and we are still waiting for the FOMC meeting in September
=> CME is leaning more than 92% towards the option of the FED cutting interest rates by 25 basis points in the upcoming September
- Based on the weekly and YTD performance of global assets, $ETH is currently the best-performing asset, surpassing $BTC , gold, S&P500, or US10Y
- The performance of ETH is good, but the performance of most major coins is quite normal, which keeps the indices for Altcoins not too heated; the money flow is gradually shifting from BTC to ETH,... (this is beneficial for Altcoins in later phases)
- The pieces of interest are still mainly Digital Asset Treasury Companies (DATs), potential ETFs, and Stablecoins,...