AB Kuai Dong

Tomorrow Binance Alpha on Succinct
Main site HODLer on Towns

Both are top-tier projects, the former is a generative network heavily invested by Paradigm last year, aiming to turn zero-knowledge proofs into a decentralized cloud service, from which any chain or project can purchase and obtain credible proof results.

Towns, on the other hand, is a crypto social application that a16z has been supporting for two years, with Coinbase also participating in the investment later on.

The two projects combined have raised almost 100 million USD, both expected to have a market value of over 500 million USD.

Although the market for large coins has been good these days, it's still uncertain whether VC-backed new coins can surge all at once; the former, Succinct, has made moves in the Korean market, perhaps allowing for some speculation with Upbit?

In any case, both will be launched tomorrow, creating a buzz.

Sure enough, a large wave of outstanding alumni from Peking University, Chinese entrepreneur Sun Yuchen, successfully launched into space, and this post has gone viral on major social media channels.

Today, Sun's Twitter account has also changed its name (to the space version).

This 28 million dollars seems to have been well spent? $TRX

Whether it's this Tom Lee or the last SBF
Every wave of shouting madmen must have a bed next to their computer

Rounding up: To succeed = Put a bed in front of your computer

$ETH $SOL

$LDO Lido has laid off 15%, even with such a good market.

Apart from the pressure on expenses, the biggest issue is that this wave of buyers, E's $ETH micro-strategies and institutions, are all pursuing their own staking plans.

For example, BMNR has chosen Anchorage Digital, SBET has disclosed that part of it has gone with Coinbase custody, while BlackRock and other ETFs have all opted for offline staking. Each market leader supports and uses the projects they recognize.

This is what I was worried about before; in the future, ETH is ETH, and the altcoins on E are just altcoins. The previous wave of DeFi projects that were not favored by this generation of Wall Street have become a reflection of the times, and the excitement has nothing to do with them.

It can be confirmed that the driving logic behind this wave of $ETH is:

The SEC and the White House announced the Project Crypto policy, aiming to extend the U.S. financial market to the blockchain and maintain America's financial leadership.

After research on various public chains by multiple Wall Street banks, they selected the largest smart contract chain, Ethereum, which does not have downtime.

So what everyone is doing now is:
Building their own E chain, tokenizing various assets, acquiring more ETH.

Currently, Bitcoin has 12%, held by various listed companies, institutions, and ETF-related issuers, while Ethereum's ETH is only about 5.2%, far from Wall Street's expectations.

So this summer, the market will continue to wash out,
continuing to shake off more retail investors and accelerating turnover.

The E in everyone's hands is getting less and less,
while the E in institutions' hands will increase.

An old brother who specializes in tracking Hyperliquid stated that Paradigm is currently holding a large amount of $HYPE tokens, with an average entry cost of $16.5, and has currently made a profit of $450 million.

He tracked the construction path of this wave:

· Early on, helped by Wintermute as a market maker to buy up.
· Afterwards, bought OTC on the exchange via FalconX.

In December last year, Wintermute transferred 4.18 million HYPE tokens to a new wallet, which were then sent to 10 new wallets, with individual holdings ranging from 150,000 to 840,000 tokens.

From February to April this year, there were 1.56 million, 10.79 million, and 2.61 million HYPE tokens withdrawn from Gate, and dispersed to several new wallets with no historical activity.

He believes that among the top institutions publicly declaring their holdings of HYPE tokens, only Paradigm has such a habit of on-chain large amounts + laundering wallet operations, while another entity supporting Hyperliquid, MicroStrategy, also clearly mentioned the connection to Paradigm.

Currently, this old brother has tracked down 19.13 million HYPE tokens, accounting for about 6% of the actual circulating HYPE. If true, Paradigm would become the largest investor in HYPE.

Legendary trader Pigeon Eugene successfully bottomed this weekend. It had deployed long positions near 3500 on $ETH , almost hitting the stop-loss at 3400.

Currently, it is optimistic about a short-term surge to 3800 - 4000, continuing to challenge new highs. The main BTC also successfully held this time, and the market is likely to continue.

From takeoff to landing in less than 8 minutes, Sun Yuchen's journey to space has come to an end, truly fast just like Brother Sun!

Currently, Brother Sun has safely exited the spacecraft.

Everyone need not worry about TRX, it has been forcibly decentralized $TRX

Just now, Sun Yuchen has officially boarded the Blue Origin rocket,

In 20 minutes, he will head to space.

Currently, the rocket is in the launch preparation stage. $TRX

Narrative of the first half of the year: U.S. Bitcoin strategic reserves.
Led by the President and Congress, pushing for legislation.

Narrative of the second half of the year: All U.S. financial assets on-chain.
Led by the SEC and the White House, Project Crypto policy.

At this time in Hong Kong, on-chain transfers of stablecoins require KYC.

On Friday evening, during a market plunge in panic, Cathie Wood's ARK Innovation Fund heavily bought into Coinbase and increased its position in $ETH MicroStrategy BMNR stocks, while selling Roblox, which had just reached a new high.

Currently, Cathie Wood's allocation in cryptocurrency companies still exceeds 17%.

It seems she continues to bet on the ongoing cryptocurrency bull market.

Many people are asking Sun Yuchen if he can return safely from this trip to space.

According to information disclosed by the rocket company:

1. The mission rocket that Sun is riding has successfully sent 52 passengers to space with zero casualties.

2. Compared to SpaceX's multiple orbits around the Earth, this trip is just an experience of suborbital flight, lasting only about 10 minutes in space.

3. Additionally, the spacecraft is equipped with 3 parachutes + a cushioning ring, and if any anomalies occur during the flight, the escape tower will automatically activate to ensure Sun can survive.

The launch time is confirmed to be:
8:30 PM local time today

The entire process will take about 1 hour,
and there will also be a live broadcast.$TRX

This wave's major proponent Tom Lee, with the number $ETH , has published a new lengthy opinion, which asserts:

1. The SEC and the White House's newly announced Project Crypto policy aims to expand the U.S. financial market onto the blockchain, and the current largest smart contract public chain is Ethereum.

2. There are many reasons why Wall Street has chosen ETH, with the most critical being that ETH has never experienced a downtime, and it is also used by JPMorgan and Robinhood.

3. After speculating based on relevant data, his digital asset team believes that the fair value of ETH could reach between $10,000 to $20,000 in the next 12 months.

4. This wave of stablecoin trends is to Ethereum what ChatGPT is to the AI industry, which is accelerating Wall Street's rush towards Ethereum. (Feels like it suggests ETH is NVIDIA)

5. In the long term, as Wall Street tokenizes real-world assets on-chain, Wall Street funds will actively participate in ETH staking.

6. For Wall Street, when many of its financial assets move on-chain and have their own protocol layer, ETH could potentially reach $60,000 or higher. (Once again suggesting)

In summary, this bullish theory on ETH is strongly believed by Wood, and other Wall Street institutions being lobbied also believe it. This wave of correction is also a buying opportunity, and Lee has successfully become the top proponent of Ethereum on Wall Street. People are looking at Lee, not the small 'v'.

The more it drops, the more you buy! $ETH micro strategy SBET spent a total of 108 million USD in two transactions over the past day, increasing its holdings of ETH through the Galaxy Digital OTC platform.

The latest transaction involved an investment of 55.56 million USD this morning, also purchasing ETH over the counter.

Currently, the two leading ETH micro strategy styles are:
BMNR buys as much as possible, while SBET buys on dips.

Brother Ma Ji's first battle after returning, playing contracts from a floating loss of 6 million, which has expanded to a floating loss of 16.77 million USD over a few weeks. Although the brother has continuously adjusted his positions in ETH, HYPE, and PUMP, due to the market's plunge from last night to this morning, he has now reached a new high in losses.

$ETH Liquidation Price 3089
$HYPE Liquidation Price 24.53
$PUMP Liquidation Price 0.0016

I don't know if this wave can hold up.

Sun Yuchen will board a rocket to space on August 3rd, which is tomorrow, according to mainland time.

Currently hanging in the rest and training module at the launch site is the: Chinese national flag.

Tonight the entire market plummeted, mainly due to this: the previously released favorable data was suddenly violently corrected by the authorities.

For example, May's non-farm payrolls added 144,000 jobs, which was revised down to only 19,000.
June's non-farm payrolls added 147,000 jobs, which was revised down to only 14,000.

This directly collapsed the entire market; no financial report matters anymore.

It's comparable to a project party sending a message saying they will spend 10 million to buy back and pump the price, only to tell you they are putting out 500 U.