During the weekend, there were no major news in the market, and the market was particularly flat, with prices hardly moving.
The current greed and fear index is 44, which is in a state of fear. This is the second lowest value in the past month, with the lowest being 39 on August 30th. Interestingly, the market rebounded after that day.
Now, everyone generally believes that there will be a rate cut in September, and this has basically been digested by the market. Therefore, the only variable at the moment is the upcoming economic data, such as the CPI to be announced next week, which may bring some fluctuations.
The only highlight of the weekend is OKB, which has risen by more than 10%. This is mainly because some speculative funds have nowhere else to go recently, and the exchange has also pushed it along. XLayer seems to be a place that hasn't been speculated on yet. In simple terms, this asset is relatively cleaner, with no one having bought in at high prices and still being trapped, and no insider trading schemes. Everyone is new here, starting from the same point, which is relatively fair.