Selected News
1. The probability of the Federal Reserve cutting rates in September is 84.6%
2. Galaxy Digital: Rapid Growth in Crypto Market Leverage Leads to Increased Market Vulnerability
3. Ark Invest's latest portfolio disclosure for ARKK: Coinbase accounts for 6.28%, Bitmine accounts for 3.22%
4. pump.fun's market share rose to 79.4% in the last 24 hours, while Letsbonk fell to 12.9%
5. BIO briefly broke above $0.15, rising over 37% in 24 hours
Articles & Threads
1. (a16z Deep Dive: The Blockchain Transformation Path for Banks, Asset Management, and Fintech Companies)
The combination of regulatory clarity and competitive pressure, along with the significant enhancement of business outcomes through blockchain and the increasing maturity of technology, is driving the traditional finance (TradFi) sector to urgently embrace blockchain technology as its core infrastructure. Traditional financial institutions are re-evaluating blockchain, viewing it as a transparent and secure value transfer tool that can not only provide future guarantees for institutions but also unlock new sources of growth.
2. (Coinbase Report: $7 Trillion in Cash Ready to Pounce, Altcoin Season May Fully Arrive in September)
Although the total market capitalization of altcoins has increased by over 50% since early July (reaching $1.4 trillion as of August 12), the 'Altcoin Season Index' from CoinMarketCap is currently still at a low of around 40, far below the historical threshold of 75 that defines altcoin season. We believe the current market conditions have begun to indicate that as September approaches, the market may turn towards a full altcoin season.
Market Data
Daily overall market fund heat (reflected by funding rates) and token unlocking
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocking
No token unlocking today
