Market Dynamics
- BTC continues to decline, with its market dominance dropping from a peak of 66% to 58%; altcoins generally fall, with the current market focus on the ETH ecosystem.
- U.S. stocks rise against the trend, while the dollar index is under pressure and declining. Influenced by Powell's dovish speech, the market currently expects the Federal Reserve to start cutting interest rates in September, with a total of two rate cuts anticipated within the year.
Market Hotspots Focus
1. Public Chain Sector: ETH shows short-term upward spikes, with leading project AAVE in the ecosystem rising concurrently. It should be noted that AAVE theoretically can obtain a 7% share of the WLFI tokens eligible for revenue sharing, but given Trump's strong position in the collaboration (the customer bullying the shop), the likelihood of this revenue sharing materializing is low.
2. Payment Public Chain Sector: OKB's market trend stabilizes, and its ecosystem recently launched a $100 million X Layer ecological fund, with future on-chain opportunities worth monitoring.
3. DeSci Field: The BIO token saw a short-term surge followed by a rapid spike, with the market suspecting it may be due to a large player unloading. This token will start staking for new issuance on Monday, with a model similar to the Virtual launch platform.
4. BSC Chain Meme Coins: The Donkey token has seen a short-term increase of several tens of times, with a current market cap close to $70 million, and market rumors suggest it may be a promotional model, necessitating caution regarding risks.
5. DeFi Sector: WLFI (a stablecoin DeFi project led by the Trump family) will officially issue tokens on September 1, unlocking 20% of the tokens at launch. The early entry costs for this project are divided into two tiers: 0.015 and 0.05, with the pre-market trading price on Binance already halved, giving it a market cap of approximately $23 billion, slightly below Circle.
6. Stablecoin Public Chain Sector: The Plasma public chain plans to issue tokens next month (Binance pre-market trading code: XPL), with a current pre-market valuation reaching $5 billion, surpassing OKB's current market cap.
7. BTC Ecosystem Sector: Lombard (a BTC re-staking protocol under the Babylon ecosystem, core value is to inject practicality and liquidity into BTC) will begin new issuance on the launch platform Buidlpad on August 26.
