❓ What happened in #Crypto over the past 24 hours
1. Market Trends
▪️ $BTC fluctuated, briefly dropping below 108000 before quickly rebounding to 109000
▪️ $ETH followed Bitcoin and surged to 2600
▪️ Altcoins surged broadly, with $BTC's rise symbolically pulling some up, while a drop in $BTC led to a significant decline
2. On-chain News
▪️ Total TVL across all chains is 116.793B, an increase of 1B compared to yesterday
▪️ In a competitive on-chain environment, it has reached hellish difficulty. $ALT fast-tracked to 25M, without a meme concept for a season of altcoins; $MOONCA nearly doubled, with a current market cap of 7.1M;
3. Hot News
▪️ Trader Eugene: BTC is still constrained by the key resistance at $110,000, expecting a directional breakout this week
▪️ Mizuho gives Circle stock an “underperform” rating, questioning the mid-term growth expectations for USDC
▪️ Phantom is launching support for perpetual contract trading
▪️ Trump: Congress should investigate Federal Reserve Chairman Powell
▪️ Trump: Federal Reserve Chairman Powell should resign immediately
▪️ Trump: Tariffs will be imposed starting August 1, 2025, with no extensions granted
▪️ World Gold Council: Global gold ETFs increased by $38 billion in the first half of the year, with total holdings up by 397 tons
▪️ Analysis: Japan's 30-year government bond yield surged over 30 basis points in three days, which may impact BTC and other risk assets
▪️ Robinhood CEO: Received numerous requests from companies to issue tokenized stocks
▪️ Blockchain technology public company BTCS plans to raise $100 million this year for the strategic acquisition of ETH
▪️ Local association in Yiwu responds to stablecoin settlement: almost none, with low recognition making it difficult to form widespread circulation
▪️ Benchmark gives Semler Scientific a “buy” rating, optimistic about its BTC reserve strategy
▪️ ReserveOne plans to establish a cryptocurrency reserve exceeding $1 billion
#Crypto $BTC $ETH $MOONCA $ALT
