Golden Evening Report Summary: a16z made over 12 million in profits last week, Google searches for 'crypto' reached an annual peak, and the market value of stablecoins increased by 2.18% in 7 days, surpassing 276.9 billion. Bitcoin mining companies saw a 2% increase in profits in July.
These developments indicate a resurgence in crypto enthusiasm, with a16z's profits and the performance of mining companies proving that institutions are quietly positioning themselves.
Metaplanet CEO reaffirms the target of 30,000 BTC, and Tom Lee promotes Bitcoin reserve policies; the fundamentals are becoming increasingly stable.
I believe this wave is a signal of a bull market, but ETH whales taking profits and large BTC transfers also remind us of the risks.
In the future, under digital transformation, the U.S. dominance may strengthen; it is advisable to hodl BTC/ETH and avoid small coin volatility.