CoinVoice has recently reported that, according to SoSoValue data, the U.S. Q2 GDP revision exceeded expectations, and Federal Reserve Governor Waller supports a 25 bp rate cut in September. Favorable macroeconomic conditions have led to most cryptocurrencies rising, with the Layer 2 sector increasing by 3.03% in the last 24 hours. Within this sector, Mantle (MNT) and ex-MATIC (POL) rose by 5.2% and 7.21% respectively.
It is worth noting that Bitcoin (BTC) and Ethereum (ETH) have decreased by 0.18% and 1.45% respectively in the last 24 hours. BTC is still fluctuating around $111,000, while ETH has fallen below $4,500. In other sectors, the DeFi sector has increased by 1.58% in the last 24 hours, with Chainlink (LINK) rising by 2.69% and Pyth Network (PYTH) surging by 99.74%. Recently, it was reported that the U.S. government announced a partnership with Chainlink and Pyth to publish key economic data, including GDP and PCE, on the blockchain. The Layer 1 sector rose by 1.37%, with Solana (SOL) gaining 4.85%. The CeFi sector increased by 0.49%, with Binance Coin (BNB) rising by 2.24%, but Cronos (CRO), which previously saw significant gains, experienced a pullback, declining by 12.75%. The Meme sector rose by 0.27%, with Pump.fun (PUMP) and BUILDon (B) increasing by 12.88% and 20.01% respectively.
The PayFi sector has experienced a pullback for two consecutive days, decreasing by 1.35% in the last 24 hours. Within this sector, XRP, Monero (XMR), and Telcoin (TEL) fell by 1.1%, 3.46%, and 5.23% respectively. The crypto sector index reflecting historical trends shows that the ssiLayer 2, ssiDePIN, and ssiSocialFi indices rose by 3.1%, 0.96%, and 0.93% respectively. [Original link]
