24-hour major events in the crypto space! A 1-minute overview of the overnight market

Last night's collection of explosive information from Crypto!

1⃣ Cryptocurrency market declines across the board, with crypto-related stocks in the U.S. also falling sharply, of course, the three major U.S. stock indices also dropped.

2⃣ Trump is stirring things up again! He signed an executive order to adjust the reciprocal tariff rates for certain countries, creating uncertainty that worries the market.

3⃣ Good news but no rise, resulting in a big drop~ The U.S. SEC has launched Project Crypto to promote the on-chain transformation of financial markets. The SEC chairman stated that a framework will be established to allow parallel trading of crypto securities and non-crypto securities.

4⃣ The Ethereum Foundation dropped to 4th! BMNR holds 625,000 ETH in 1st place, SBET holds 438,200 in 2nd place, and The Ether Machine is in 3rd. A total of 64 entities are holding $ETH reserves.

5⃣ $PENGU surged temporarily, as the CEO of Fat Penguin revealed that the team has participated in U.S. cryptocurrency legislation and submitted a PENGU ETF application covering tokens and NFTs.

6⃣ The flagship coin of the Base chain, Zora, plummeted, dropping over 30% in two days, but the enthusiasm for issuing tokens is high, with its issuance volume crushing Letsbonk and Pumpfun for several consecutive days.

7⃣ You guys are too rich, the Ethereum 10th Anniversary Torch commemorative NFT minting consumed approximately $584,000 in GAS, with holder addresses exceeding 660,000.

8⃣ ENA performed strongly, rebounding over 5% after a big drop. This may be due to USDe's 20-day surge of $3.1 billion, with a total market cap surpassing $8.5 billion, and an increase of $2.8 billion in market cap in July alone. $ENA

9⃣ Can Hong Kong concepts still be speculated? The Hong Kong Stablecoin Regulations came into effect on August 1, and reportedly, issuing banks such as Bank of China and Standard Chartered are expected to be among the first to be approved for Hong Kong stablecoin licenses.

🔟 Crypto is truly profitable! Tether's Q2 financial report shows a net profit of $4.9 billion. Coinbase's Q2 financial report shows a net profit of $1.43 billion, but its trading revenue fell by 39% quarter-on-quarter, while institutional business is taking off.

#Ethereum10thAnniversary