1. The SEC is going to appeal the Ripple case. This is obvious. When the case on July 13 or 14 just came out, do you remember who was trumpeting this as an epic victory? In addition to cooperating with the banker to pull the market, attract retail investors, and then harvest, what else did it bring?
Ripple on the 12th was 0.47, and Ripple on the 22nd was 0.76. However, BTC on the 12th was 30.5k, and BTC on the 22nd was 29.9k.
Again, except for BTC, any other B is incapable of launching a bull market.
On the contrary, they can only create a frenzy of fantasy, triggering institutions and market makers to take advantage of retail investors to sell and reap the profits.
2. A blockchain startup called Cymbal in California raised $18.5 million to develop an Ethereum blockchain browser. Does it cost that much to develop a blockchain browser (that’s more than 100 million)? And when Etherscan already has a dominant position, what new value can it create?
I think that these large financing cases in the bear market, compared with the current cold market here, just show how flooded the capital is in the US market. At the end of the cash flow cycle, capital is siphoned to the US market, and the capital in the US market is abundant again, thus pushing up the prices of risky assets in the US market.
Venture capital is the primary market for equity, and U.S. stocks are the secondary market for equity. Their trends are related.
This is what we see
For non-US markets, these may be the last and most difficult period.
The market is really quiet, that's all.
