🌐 Global Overview
Total Market Cap $4.12 trillion (+1.23%), Fear Index 78 (Extreme Greed)
Derivatives Liquidation $1.83 billion (long positions 72%), funding rates return to neutral
USDT weekly issuance increases by 900 million, exchange reserves reach annual peak
⚡️ Core Assets
ETH continues to hit new highs: priced at $4,732 (+3.36%), L2 TVL surpasses $50 billion (Arbitrum accounts for $22.8 billion)
BTC Power Accumulation: priced at $120,110 (+0.45%), miner holding index rises to 93 (new low for selling pressure)
📶 Sector Divergence
L2 Infrastructure Leads: Starknet (STRK) +15.7% (ecosystem airdrop countdown), zkSync Era TVL weekly increase of 32%
RWA Hedging Strengthens: Ondo (ONDO) +8.2% (BlackRock reserve pool surpasses $800 million)
Meme Coin Retreat: PEPE 24H trading volume plummets by 45%, whale holdings diversify
🌍 Macroeconomic Events
Interest Rate Cut Expectations Locked: Federal Reserve September action probability 96%, 2-year U.S. Treasury yield falls below 3.9%
Digital Tax Breakthrough: HKEX digital asset settlement amount exceeds $1.2 billion in a single day (Rare Earth trade accounts for 61%)
🏦 Regulation and Institutions
New Regulations in Hong Kong: Digital Hong Kong dollar connects with Alipay Hong Kong, user count surges by 2 million in a single day
US SEC Concession: Postpones ZK-Rollup security attribute ruling until the end of September, STRK rises by 11%
Big Players' Moves: Fidelity increases holdings by 3,200 BTC ($384 million), Vitalik transfers 500 ETH to fund ZK research
🔎 On-Chain Anomalies
Staking Migration: ETH validators' exit queue shortened to 1.7 days, Cosmos staking rate surges to 73% (ATOM inflation rate 4.7%)
Ancient Chips: 2011 BTC address moves 1,000 BTC ($120 million), first movement in 14 years
Stablecoin Shuffle: USDC market share rises to 36%, HSBC HKD₮ issues $430 million HKD in the first week
Core Insights:
"When a 96% probability of interest rate cuts meets a 14-year dormant BTC awakening -
In an extremely greedy market, ancient on-chain fingerprints are sounding the alarm for risk."
