Hello everyone, this is Xiaoyun Porridge! #山寨季何时到来？
In the past 24 hours, the heat of the cryptocurrency market has continued to rise, from #Cex popular cryptocurrencies to on-chain #MEME , and then to #稳定币 along with macro policy trends, all suggesting a signal—whether retail or institutional, both are closely monitoring liquidity and policy changes, and market sentiment is quietly reshaping.
🔥 CEX Popular Cryptocurrencies & 24-Hour Gains
1. CEX Trading Volume Top 10 (24H Change)
BTC: 0.86%
ETH: 5.13%
DOGE: 4.77%
BNB: 5.83%
SOL: 5.21%
DCR: 1.01%
LINK: 10.01%
SLF: 2.68%
UNI: 5.06%
CFX: 15.32%
24H Gain Leaderboard (OKX)
OKB: 24.53%
SCR: 13.08%
BAND: 9.51%
MEME: 7.89%
BERA: 7.77%
QTUM: 7.51%
PENGU: 7.42%
API3: 6.81%
MORPHO: 6.61%
CFX: 6.66%
2. On-chain popular Meme Top 5 (data source: GMGN):
LBRETT
WeChat
LILPEPE
MEMES
GROK
3. 24H hot search cryptocurrencies
After brands like Google and TOYOTA made the list yesterday, brands like WeChat and Grok have also been brought onto the Solana chain, giving rise to a large number of meme coins, and the 'brand heat' continues. However, most of these tokens are speculative and unrelated to the official brands, so investment should be cautious.
4. Market Dynamics
📊 Federal Reserve Dynamics and Interest Rate Expectations
Powell's Speech Preview
Time: August 22 Jackson Hole Meeting
Market Expectations: 80% probability of a 25 basis point rate cut in September
High Beta assets may be more affected by liquidity tightening
Treasury TGA Replenishment
Liquidity pulled from the market in the next two months: $500 billion to $600 billion
The Federal Reserve's quantitative tightening (QT) continues to drain liquidity, and reverse repo tools are nearly exhausted.
Stablecoin supply and high Beta assets like ETH may face significant volatility.
Views from the Federal Reserve Vice Chair
Michelle Bowman emphasized that traditional banks have become 'outdated' and need to actively embrace innovative technologies such as blockchain, tokenization, and digital assets. She pointed out that tokenized assets and tokenized properties could reshape ownership transfer, reduce operational costs, and provide new access to capital markets for both retail investors and institutions.
Bowman called for regulatory agencies to adopt a forward-looking, strategic regulatory framework to balance the risks and opportunities brought by innovation. She warned that excessive caution could lead banks to fall behind, while an open and modern regulatory culture would help the industry develop efficiently. ⚖️
🔹 Summary: Regulation is shifting from 'restriction' to 'guidance and promoting innovation', which means potential long-term development opportunities for stablecoins and high Beta assets.
📈 Cryptocurrency Market Sentiment and Investment Strategies
Market Sentiment
Santiment data shows that after Bitcoin fell below $113,000, retail sentiment hit its lowest point since June. Historical experience: Extreme pessimism is often a good opportunity to accumulate or bottom-fish.
Institutional Viewpoints
Goldman Sachs analysts Will Nance & James Yaro: Stablecoins have great potential, but in the short term, pose limited threats to traditional finance; compared to Circle, they are more optimistic about Robinhood's ability in crypto innovation.
Tom Lee: Powell's speech may be interpreted as dovish, stock markets are expected to rise, and ETH may fluctuate in the range of $4400-$4600 in the short term.
Anthony Scaramucci: Maintains Bitcoin year-end target of $180,000-$200,000; limited supply and institutional allocation remain the core drivers of the rise.
Industry Highlights
Hyperliquid: Highest per capita revenue globally, with a company per capita annualized income of $102.4 million, showing that small team models can still create amazing value.
Coinbase: Provides tiered USDC subsidies for open contract positions, with a maximum annualized rate of 12%.
Kraken: Acquired no-code trading company Capitalise.ai, allowing users to create automated trading strategies through natural language.
Mitosis: Open airdrop query, plans to migrate OM tokens to the native chain before January 15, 2026, setting a cap of 2.5 billion, with a staking annual return target of 18%.
China: Considering the first-ever allowance of RMB-backed stablecoins to promote the internationalization of the RMB.
OpenAI CFO Sarah Friar: Possible IPO in the future, accelerating cross-innovation between crypto and technology.
Hong Kong Mingcheng Group: invested $483 million to purchase 4250 bitcoins, showing strong corporate allocation willingness.
🔮 Summary
The cryptocurrency market is at the intersection of macro and micro: uncertainty on the policy side (interest rates, fiscal liquidity) combined with emotional fluctuations on the market side (retail extremely bearish, institutions increasing Bitcoin allocation), short-term fluctuations are inevitable, but the main theme of the market remains innovation and capital inflow in the medium to long term.
Bowman emphasized that 'forward-looking regulation' and 'tokenized assets' may reshape the financial landscape in the coming years. Investors can focus on the hot cryptocurrency leaderboards and Meme assets in the short term, but more importantly, macro liquidity, stablecoin supply, and policy signals will determine the relative performance of core assets like BTC and ETH.
🎯 Reminder: Stay patient, focus on trends and policies, short-term hotspots and Meme can be engaged with small positions, but long-term layouts still need to pay attention to mainstream assets and innovation trends.
Many understand the trend, but few follow the right rhythm.
The cryptocurrency market changes quickly, with opportunities and risks coexisting. Learning to enter and exit strategically, protecting your principal, will allow for steady progress and wealth accumulation.
Remember to DYOR, manage risks, and wish everyone smooth sailing in the crypto world! 🌊
Like 👍, share, follow me, and I'll help you catch more market trends, accompanying you through the ups and downs! Let's work hard together!
