The market is slightly rebounding 📈

In the past 24 hours, the cryptocurrency market has slightly warmed up, with the total market cap rising by 0.6% to reach $4.08 trillion. Bitcoin has been steadily trading between $117,000 and $118,000 for the third consecutive day. Ethereum briefly broke through $4,500, ultimately closing at $4,460, with a daily increase of 1%. Most cryptocurrency sectors performed positively, particularly decentralized finance (DeFi), which rose more than 3%.

Chainlink's price surged over 13%, reaching a peak of $26 and stabilizing at $25.7, setting a new six-month high. It rose over 16% last week, successfully breaking the $25 mark, with trading volume surging by 140%. The driving force is its newly launched on-chain reserve mechanism, which locks in circulating supply to increase scarcity, along with its strategic partnership with the Intercontinental Exchange (ICE), both of which help LINK continue to push the integration of traditional finance and blockchain oracle technology.

Competition intensifies between stablecoins and tokenized infrastructure 💳

Stripe, Paradigm, and the emerging blockchain project Tempo have teamed up to launch Circle's dedicated settlement network 'Arc'. Meanwhile, companies like Plasma, Stable, and Securitize are busy building Layer-1 blockchains, strongly promoting stablecoin issuance and the tokenization of real assets. This technological race aims to promote digital asset payments at lower costs and with more compliance, but it may also put significant pressure on established networks like Ethereum.

Japan will welcome its first yen stablecoin.

The Financial Services Agency of Japan plans to approve the issuance of JPYC, the first yen stablecoin, this fall, pegged 1:1 to the yen and supported by bank deposits and government bonds. Analysts believe this could become a new important buyer of Japanese government bonds, impacting interest rate policies. At the same time, Circle's USDC has been approved to enter the Japanese market, highlighting Japan's proactive layout in the stablecoin field.

This week, a large token unlock will test liquidity ⏳

This week, tokens worth over $200 million will be unlocked successively. Pay attention to the unlocking of 20 million FTN on August 18, valued at approximately $91.4 million. On August 20, ZRO and ZKsync will unlock over $56 million each, while KAITO will unlock nearly 10% of its circulating supply for the first time, valued at $26.2 million. Following this, there will also be unlocks for SOON and MELANIA, which may bring certain selling pressure and test market liquidity.

Overall, while the market has slightly increased, the successive unlocking of tokens and technical competition make this digital asset 'marathon' full of highlights and uncertainties. On the investment road, one must not only grasp opportunities but also remember to maintain a steady pace! 🚦


The above content is for information sharing only and does not constitute any investment advice! Investment involves risks; proceed with caution!

Follow me for more market information shared daily.#加密市场回调 #ETH质押退出动态观察 #山寨季何时到来？