Hello everyone, this is Xiaoyun! #加密市场回调
In the past 24 hours, news in the crypto market has been constant, whether it’s the exchange popularity rankings, new meme coins on-chain, or the actions of global financial giants entering the market, making this weekend particularly 'crypto-flavored'.#美联储取消创新活动监管计划
If you haven't had time to screen, here is your crypto news summary collection 🚀.#ETH质押退出动态观察
🔥 Exchange and On-chain Popularity Rankings
Let's first take a look at the exchange's 'traffic code' 👇
1. CEX Popular Tokens
CEX Trading Volume Top 10 and 24-Hour Price Changes:
BTC: 0.12%
ETH: 1.16%
SOL: 1.03%
DOGE: 1.33%
BNB: 1.30%
PEPE: 0.64%
ADA: 5.17%
BIO: 31.55%
POND: 18.71%
QI: 0.14%
24H Gain Ranking (data source: OKX):
BIO: 23.86%
RUNECOIN: 17.72%
MEMEFI: 17.55%
J: 6.34%
ERN: 6.17%
SKL: 4.96%
SLP: 4.39%
ARG: 1.73%
POR: 1.58%
ASP: 1.05%
2. Top 5 On-chain Meme Tokens (data source: GMGN):
FORK
CURIO
GROK
reterd
SPARK
3. 24H Trending Tokens
CURIO (CURIO AI) is a meme coin on the Solana chain, CURIO AI is a companion for children, designed and voiced by Grimezsz, featuring three plush toys Grem, Gabbo, and Grok, helping children reduce screen time addiction.
4. Market Dynamics
🌍 Global Policies and Movements of Financial Giants
Recently, regulation and traditional finance's entry are also very hot:
Japan will approve the first stablecoin denominated in yen, JPYC, supported by liquid assets such as government bonds, pegged at 1 yen = 1 JPYC. This means Japan is truly taking a step towards stablecoin compliance.
The Federal Reserve plans to eliminate the specialized regulatory framework for banks' crypto and fintech businesses, potentially lowering the threshold for banks to explore crypto.
The Hong Kong Monetary Authority has clearly stated its position on RWA (on-chain real-world assets): supporting new energy and trade financing, not supporting real estate. In some ways, it's also sounding a warning to the market: RWA is not 'mindless issuance'.
Xiong'an New Area completes its first central enterprise digital currency bridge business, combined with multinational capital pool management, meaning DCEP's cross-border implementation has made another step forward.
💼 Major Moves by Enterprises and Capital
Faraday Future (FF) launches 'C10 Treasury' plan: to create a crypto version of a 'treasury', with an initial phase of $500 million to $1 billion, the first $30 million will begin buying as soon as next week. The strategy is '80% passive + 20% active', aiming to accumulate the top ten crypto assets (excluding stablecoins). The California State Treasurer also offered video support.
Gemini announces IPO prospectus, stock code 'GEMI', with a luxurious underwriting lineup (Goldman Sachs, Citigroup, Morgan Stanley included). The financial report shows an expanded loss, but they have secured a credit line of up to $150 million in stablecoins from Ripple.
Nano Labs publishes semi-annual report, net loss reduced by 80% year-on-year, the brightest highlight is: holding over 128,000 BNB and significantly profiting from crypto reserves.
Hong Kong broker Mango Financial announces purchase of Bitcoin, initiating a digital currency strategy. The traditional finance sector's 'buy BTC' has gradually moved from the fringe to the norm.
OpenAI raises $8.3 billion, pushing its valuation towards the $40 billion plan, with annual revenue surpassing $13 billion, possibly reaching $20 billion by year-end. The AI boom continues to fuel the 'narrative extension' of crypto.
📉 Market Pressure and Unlocking Bombardment
Recently, the market also has some hidden worries:
ETH Unstaking Pressure: Currently, over 855,000 ETH are queued for withdrawal from staking, hitting an all-time high. Bitwise analysts believe this might be a significant reason for ETH's recent pullback. The discount on staking derivatives (like stETH) could also trigger chain liquidations.
Galaxy Digital report: Mortgage volume soared to $53.1 billion in Q2, with rapid accumulation of leverage and increasing systemic pressure. Recently, Bitcoin dropped from $124,000 to $118,000, triggering over $1 billion in liquidations, which is clear evidence.
Token unlocking tide is coming: This week, multiple projects such as ZRO, KAITO, SOON, PIXEL, IOTA, EIGEN will unlock, with a total scale exceeding $100 million. Just ZRO alone has $55 million unlocking, and the market needs to guard against short-term selling pressure.
⚡ On-chain and Ecological Hot News
Solana sets a new block history high TPS: 107,664, once again proving its performance limit.
Metaplanet: within 6 months, buy and hold 90% of BTC, the CEO stated that this year's target of holding 30,000 BTC remains unchanged, with a plan to hold 1% of all Bitcoin by 2027.
LayerZero Foundation's proposal to acquire Stargate has opened for voting, with support exceeding 97%.
JustLendDAO launches USDD 2.0 Phase 8 mining, with an annualized return of up to 6%.
Sky co-founder RuneKek takes action again: repurchased 16.38 million SKY with 1.77 million ENA, with a cumulative buyback of 12.2 million SKY since June.
Ave.ai fully supports X Layer, community users previously captured the hundredfold project xdog, this upgrade may bring more on-chain arbitrage opportunities.
🎙️ People and Opinions
Solana founder Toly: Privacy is not the core of PMF and will not significantly change user behavior.
Ondo executive Ian De Bode: The infrastructure for tokenization is basically mature.
BTCS CEO Charles Allen: The information disclosure rhythm of listed companies is different from the crypto market, and excessive transparency may not be a good thing.
Metaplanet CEO: Reaffirms BTC accumulation plan, trust is built on on-chain transparency.
Galaxy Digital analyst: Leverage risks are emerging, reminding the market not to overlook systemic vulnerabilities.
ETF Store president: Treasury company stocks are essentially derivatives of BTC and ETH, and should be viewed through this logic of risk.
Michael Saylor continues to 'shout': may disclose a new batch of BTC accumulation next week.
🎯 Summary
Overall, the market continues to oscillate in a cycle of 'high heat + high risk':
On one side, it's the entry of giants, traditional financial support, and new on-chain narratives, continuously boosting long-term imagination;
On the other side, ETH unstaking tide, leverage accumulation, and token unlocking bring short-term pressure.
In other words, it is both a stage full of opportunities and a competitive arena that requires careful stepping 🎭.
👉 Finally, here's an old saying in the circle: 'The bull market has either already arrived or is on the way.' Regardless, position management is always more important than FOMO.
Many people understand the trend, but few follow the right rhythm.
Like 👍, share, follow me, and I'll help you catch more market opportunities, accompanying you to watch the bull and bear fluctuations! Let's keep it up!
In the current market environment, short-term operations are indeed very necessary. If one keeps waiting for spot prices to rebound, it may feel like a torment of time. I've recently been fully engaged in secondary short-term operations and tier-one meme coins, achieving good results. Friends who want to keep up can message me privately!
