🌐 Global Market Overview
- Total Market Cap: $37.9 trillion (24H -1.5%)
- Market Sentiment: Fear and Greed Index drops to 54 (neutral range, significantly down from 60 the previous day)
- Derivative Liquidation: MYX contract daily trading volume surged to $7 billion, heated long-short competition
⚡️ Core Asset Volatility
1. BTC: Priced at $113,911 (-0.9%), market cap share 59.9%
2. ETH: DeFi sector market cap shrinks by 2.9% to $140 billion, staking liquidity improves (validator exit time 3.2 days)
3. Extreme Polarization:
- 📈 MYX: Surged 156.8% in 24 hours to $1.09 (Market Cap $139 million), cumulative increase over three days exceeds 1800%
- 📉 PROVE: Dropped 24.8% to $1.01, becoming the biggest loser of the day
🔥 [Focus Project] Comprehensive Analysis of MYX's Rollercoaster Market
💥 Surge and Plunge Trajectory
- Crazy Surge: Jumped from $0.113 to $2.1 in 72 hours (increase of 1800%), setting a historical high
- Flash Crash: Plummeted nearly 50% in 4 hours to $1.037, market cap evaporated by over $60 million
- Current Quote: $1.05 (as of press time)
🚨 Plunge Trigger
- Institutional Cash-Out: Early investment firm Hack VC sold 1.27 million MYX (worth $2.157 million) within 7 hours at an average price of $1.68
- Liquidity Drought: Sell-off triggers a stampede, on-chain liquidity depth plummets by 50%
⚙️ Fundamental Support and Controversy
- Technical Breakthrough:
- MPM (Matching Pool Mechanism) achieves zero slippage trading, supporting 125x on-chain leverage
- The node staking system 'Keeper System' is activated, building a token buyback and burn loop
- Ecological Data:
- TVL reaches $27 million, total trading volume exceeds $84 billion, over 170,000 users
- Liquidity provider income surges from $35,000 to $14.45 million (from 2025.4 to present)
- Historical Stain:
- Associated token BMYX was previously accused of 'harvesting', team promises 30% USDT + 70% MYX compensation
⚠️ Risk Warning
- Unlocking Selling Pressure: 40 million tokens unlock on August 6 (accounting for 3.9% of circulation)
- Regulatory Sword: SEC includes ZK sector (including MYX) in the list of unregistered securities investigation
- Technical Implementation Risk: If V2 mainnet cross-chain margin function is delayed, it may trigger valuation collapse
🌍 Macro and Policy Dynamics
1. Aftershock of US Non-Farm Payrolls:
- Unemployment rate rises to 4.1%, probability of Federal Reserve rate cut in September reaches 82% (CME data)
2. Regulatory Breakthrough:
- SEC rules that liquid staking is not a securities transaction, favorable for DeFi platforms like Lido
- New Regulations on Stablecoins in Hong Kong: Unlicensed sales to retail investors face fines up to 10 million HKD + 7 years imprisonment
🏦 Institutional Trends
- MicroStrategy: Plans to increase BTC holdings to $18.3 billion by 2025, total holdings $40.9 billion
- Coinbase Base Network: Trading paused for 19 minutes due to block delays, now fixed
🔍 On-Chain Signals
- Ancient Whales Awaken: 5 BTC addresses from 2010 transfer 250 BTC (first move after 15 years of dormancy)
- Stablecoin Hegemony: Quarterly trading volume surpasses $6 trillion, compliant stablecoins account for 78% (USDT 43% + USDC 35%)
> Today's Proverb:
> 'When institutional cash-out breaks the value loop, when three days of 1800% increase become a bubble -
> MYX's rollercoaster market becomes a brutal footnote in the narrative valuation mechanism of the crypto market.
