This week's top three events in the crypto world! Coinbase's US-style contracts are launching, and the White House's crypto report is coming, with opportunities and risks coexisting! Beware of high volatility!

This week's focus:

Monday: Coinbase will launch its US Perpetual-Style contracts on July 21, aiming to mimic global perpetual contract functions while adhering to US regulatory standards. Coinbase will launch two contracts on July 21: Nano Bitcoin Perpetual Futures (0.01 BTC) and Nano Ethereum Perpetual Futures (0.10 ETH).

Tuesday: The White House Digital Asset Market Working Group is expected to release its first cryptocurrency policy report on July 22, covering regulatory and legislative recommendations, possibly involving the establishment of a national digital asset reserve and ensuring fair access for cryptocurrency companies to banking services. Federal Reserve Chairman Powell will speak at a regulatory capital framework meeting at 20:30 Beijing time on July 22.

Wednesday: Twitter co-founder Jack Dorsey's payment platform Block (stock code: XYZ) will be included in the S&P 500 index on July 23.

Hot news:

1. ETH briefly broke $3824, reaching a new high in 25 years, with Ethereum ecosystem tokens like LDO rising broadly, creating a high trading sentiment in the market. Pay attention to whether the US stock market continues to speculate and accumulate #ETH on Monday!

2. In the past 90 days, 52 out of the top 100 cryptocurrencies by market capitalization have outperformed BTC. #BTC's market share has declined for 8 consecutive days to 61.15%.

3. The concept coin in China skyrocketed, #CFX broke $0.21, due to the announcement of 3.0 going online soon and plans to participate in the 'Belt and Road' offshore RMB stablecoin issuance pilot. #CKB, #ONT, #NEO followed with increases.

4. #DOGE rose 8.5% in a single day, with a market capitalization of 40.1 billion, possibly influenced by the US ETF. The point of interest is whether DOGE can lead to an explosive increase in the MEME sector, and whether #PEPE, #SHIB, etc., can follow suit.

5. #ZORA's market capitalization surpassed 64 million USD, rising over 69% in 24 hours, while the popularity of the #BASE chain continues to rise, though most leading tokens are currently performing moderately.

6. Binance Alpha will launch Yala (#YALA) on July 22, which is a recent 'sky-high' project.

7. Funds are rotating into NFTs, with #NFT transaction volume surpassing $140 million last week, reaching a new high since mid-January.

8. Purchasing power continues to grow, with the total market capitalization of stablecoins increasing by 1.21% over the past 7 days, surpassing $261.4 billion.

BTC

H4 level triangle adjustment, early morning lower bound pin rebounded, currently still focus on the upper resistance of 119145-119530. If 119530 breaks effectively, we cannot be stubborn anymore, if we can't beat it, we will join! If the resistance is effective and breaks below the lower bound at 115222, the rebound will continue downward, targeting 113700-113000, 111000-110500! The key is the buying opportunity in the range of 11000-110500!

ETH

H4, pay attention to the pullback levels 3576-3477, look for bullish opportunities. If 3477 does not break, we can only continue to look bullish! The key resistance area above is 3884-4107!

SOL

The target of 185-187 has been reached, H4 focus on whether the closing price stays above 187. If it effectively stands above, the upper range of 195-209 awaits testing! Otherwise, a pullback to 178-173 still allows for a second chance to surge!