Market Overview 📉

  1. The crypto market continues to decline
    Total market capitalization dropped to $3.87 trillion, down 3.6% in 24 hours. Bitcoin fell 2.7%, trading at $113,200; Ethereum dropped 5%, trading at $4,099. The DeFi and PayFi sectors saw the largest declines, down 5.6% and 5.5% respectively.

  2. Eyes on the Federal Reserve 👀
    The important meeting of the U.S. Federal Reserve is approaching, and market sentiment is tense. The July FOMC minutes will be released on August 20, and Chairman Powell will speak on August 22 at Jackson Hole. Investors are worried about sustained interest rate hikes, leading to a decrease in risk appetite, with major cryptocurrencies and related stocks hitting several months' lows. For example, MicroStrategy's stock price fell 7.8%, reaching its lowest since April, while Galaxy, SharpLink, and BitMine saw daily declines close to 10%.

  3. New actions on Stablecoin in Wyoming 💵
    Wyoming has launched the first dollar stablecoin issued by a public entity—the Frontier Stable Token (FRNT), which has a 2% over-collateralization, supporting seven major blockchains including Ethereum and Solana. It is expected to be available for purchase through Kraken and Rain's Visa platform within a few days. This is an important step for Wyoming in promoting digital dollars and regulatory innovation.

  4. Figure Technology races towards NASDAQ 🚀
    Blockchain-based loan platform Figure Technology Solutions has applied for a NASDAQ listing, with the stock code 'FIGR'. In the first half of 2025, revenues are projected at $191 million, a year-on-year increase of 22.4%, achieving a net profit of $29 million. The platform has issued over $16 billion in loans through blockchain, with the IPO underwritten by Goldman Sachs, Jefferies, and Bank of America. The asset tokenization business model is gradually gaining popularity, attracting institutional investment.

  5. Aave maintains a strong lead in DeFi, but there are concerns ⚠️
    Aave controls nearly 50% of the DeFi lending market, with a TVL of $36.7 billion. However, governance is highly concentrated in the hands of the founders, with 37% of funds coming from large users (deposits over $100,000), facing risks of large withdrawals and liquidations. While Aave is rapidly expanding, it also amplifies systemic risks, and its centralized governance makes it resemble traditional financial giants.

Summary: The market is somewhat on a 'downhill' path, with the Federal Reserve and regulatory direction becoming the focus; innovative projects continue to emerge, but risks should not be overlooked. Investment requires caution, seek progress amid stability! 📊

The above content is for informational sharing only and does not constitute any investment advice!

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