CFX has recently been like riding a high-speed train, racing up to recent highs. According to Coin World, on August 3rd, the price of Conflux surged approximately 11.6% within 24 hours, climbing to around $0.215, with trading volume also skyrocketing, indicating a rather enthusiastic market sentiment. CoinDesk pointed out that over the weekend, there was an overall increase of about 14%, leading the CoinDesk20 index by 4%, however, on-chain activity did not increase simultaneously, with three accounts dominating 80% of gas usage, raising concerns among analysts about network centralization.
From a technical perspective, an article from CCN noted that CFX has accumulated a rise of 255% over the past 30 days, breaking through the flag consolidation area and forming a MACD golden cross, with strong short-term momentum. If the trend continues, it may challenge the $0.41 level; conversely, if selling pressure returns, it may pull back to the support level around $0.14. Overall, CFX is leading a rebound after the decline, but the fundamentals have not yet caught up, so it will be important to observe whether trading volume can continue and whether on-chain activity is truly increasing.
Where's the bear market we promised? It turns out the policy side couldn't hold on any longer. Recently, the expectation for the Federal Reserve to cut interest rates has heated up, with the probability of a 25 basis point cut in September skyrocketing to 89.1%. The CFTC and SEC, who were originally 'in name only' partners, surprisingly joined forces to launch a 'crypto sprint' joint action. Citibank also joined the fray, stating that the outlook for the US economy is weakening and gold prices may rise moderately. The most dramatic part is that Trump has hinted that someone will be appointed to fill the vacant Federal Reserve Board seat within a few days.
This series of actions is like giving the market a shot of adrenaline, with sentiment clearly warming up, and funds beginning to stir, as if the air conditioning of summer has finally been turned on.
Bitcoin's recent performance is like dancing the tango, fluctuating up and down, testing each step. It dropped from the previous high of 119,000 to break the key level of 115,000, then found support around 112,000, and has slowly pulled back to around 114,000 in recent days. What the market is waiting for is a key breakthrough: can it successfully stabilize above 115,000? If it can overcome this hurdle, it may open up the next wave of rebound space. Ethereum is also not to be outdone, having touched the former support and current resistance level of 3,534, just a little more momentum is needed to break through.
At times like this, the worst fear is the market being 'just one step away,' and it still relies on the bulls to provide some strength.
The recent rebound atmosphere of altcoins is somewhat like a row of flags swaying when the wind picks up at a night market. As BTC and ETH stabilize, most mainstream altcoins are also following the rhythm, with a short-term expectation of continuing a volatile upward trend. However, today's fear and greed index is 64, still in the 'greed' zone, and this sweet spot can easily make people too excited and overlook risks. In terms of on-chain activity rankings, Solana once again firmly holds the top position, its popularity has never dropped, as if it's saying, 'No matter the bull or bear market, I am the busiest on-chain.'
As long as the funds don't dry up, there might really be a small climax.
In simple terms, this thing is about taking the 'mouth-lashing' on Twitter and bringing it to Binance Square. It's actually relatively friendly for retail investors, but it also indirectly encourages some AI-generated trash writing to grab everyone's attention. In fact, the same script has long been emerging on Twitter; it just depends on how Binance chooses to handle these matters. Otherwise, to be honest, a bunch of advertising copy is not something anyone likes to see.
Furthermore, limiting it to 100 words also greatly promotes the use of AI. Not to mention a large number of direct copies and paste jobs. #CreatorPad
BounceBit Prime is a high-yield product that combines real-world assets (such as US Treasury bonds) with cryptocurrency arbitrage strategies, targeting institutional and high-net-worth investors. Funds will be allocated to yield-generating bond tokens (such as BUIDL, BENJI) and low-risk arbitrage operations (such as spot-futures basis trading), achieving an annualized return of approximately 20% or more. By converting custodial assets into LCT tokens, the returns are automatically accumulated, and it features compliant custody and KYC mechanisms, providing a more stable and transparent investment option.
That is to say, just simply post something to get a share. Those who didn't get it can also consider shorting. Yesterday I exited early, losing out on 200u, what a pity.
In short, the task is to write a post of at least 100 words Then tag these three little pigs $TREE @Treehouse Official #treehouse Then return to the task page And you'll get a green checkmark✅
The Trump family's crypto project WLFI bought over 250 ETH 20 hours ago, reigniting the market's interest in the intersection of politics and cryptocurrency. At the same time, the U.S. Secretary of Commerce has stated that Trump will announce new tariff policies this week, along with his strong insistence that the Federal Reserve 'must cut interest rates.' Macroeconomic and policy news is rapidly driving market expectations. In terms of the overall market, BTC and ETH have experienced short-term pullbacks, with altcoins also dropping. In the past 24 hours, liquidations have reached 441 million USD, mainly in long positions, so a conservative approach is recommended in operations.
PayPal opens a new era of encrypted payments, officially launching cryptocurrency payment services for small and medium-sized businesses in the United States! Supports over 100 types of digital assets, including BTC and ETH. Users only need to connect their wallet to the platform, and the system will automatically convert the cryptocurrency into PayPal's stablecoin PYUSD, which is then settled in USD for merchants. The transaction fee for the first year is only 0.99%, and it will increase to 1.5% in the second year. This innovative payment model is bridged by Binance and decentralized exchanges, and PayPal's move could become an important turning point in promoting the integration of cryptocurrency into everyday business.
The publicly listed company Hyperion DeFi has once again made a significant investment, increasing its holdings by 100,000 HYPE tokens, bringing its total holdings to over 1.53 million tokens, with an average cost price of $36.14. This is not just a simple token investment; the company has announced that it will transfer HYPE into Kinetiq's institutional-grade liquid staking pool iHYPE, becoming the first publicly listed company to adopt this solution. This indicates that institutions are not only investing in crypto but are also further involved in the construction of DeFi infrastructure. It is worth continuing to observe whether this will drive more publicly listed companies to join this new track in the future.
Mainstream coins continue to be strong, but the overall market heat has shown signs of cooling, and most altcoin sectors may have already reached short-term highs. From the perspective of capital flow and sentiment, traders' willingness to participate is gradually weakening, and chasing highs at this time carries significant risks, making it easy to get trapped.
Risk signals are emerging for BTC, with a slight rebound in the concentration of short positions, whales leaning towards shorting, and retail investors chasing shorts, while bullish momentum is gradually declining. According to the liquidation map, the liquidation area for long positions below BTC is concentrated between 114k and 116k, while the resistance area above is between 119k and 122k. It is essential to pay special attention to the risks of chasing rises and selling on dips.
ETH is relatively resilient against declines, with bearish pressure easing, while SOL's performance is weak. If looking for short-term opportunities, attention can be paid to coins with abnormal volatility; currently, CFX, BSW, and JST are experiencing unusual increases, while CVX, ASR, and DEGO are showing unusual declines, indicating there may be opportunities in short-term fluctuations.
U.S. President Trump personally announced that the U.S. and Europe have reached a significant trade agreement. While imposing a 15% tariff on European goods, the EU will also increase investments in the U.S. by $600 billion! This includes not only the purchase of military and energy products but also support for the automotive and agricultural industries. The U.S. also plans to take action in the semiconductor industry, with tariff policies to be decided within two weeks. Energy has become the key focus of this negotiation, and cryptocurrencies may also be potential beneficiaries of this trade agreement, with market trends quietly shifting.
SharpLink Gaming directly invested $296 million this weekend to purchase over 77,000 ETH, all of which have been staked!
Fund flows indicate that they withdrew coins from multiple exchanges through Galaxy Digital and then concentrated the ETH into their own wallet. Such a large-scale operation raises suspicions of insider information. This move may encourage more institutions to participate in ETH staking, leading to a further increase in the overall ETH lock-up rate, which could significantly impact market liquidity and is worth continuous monitoring.
ZORA has surged 931% in a month, yet there are almost no large transactions on-chain. This wave of growth might not have been driven by retail investors at all. On-chain analysis indicates that the CEX derivatives market is the main battleground, especially with the ZORA derivatives competition launched by Binance on July 26 significantly boosting sentiment. Currently, ZORA's circulation rate is only 35%, and token releases will start in October, increasing the risk. The trader is suspected to be from GSR Markets, and this seemingly crazy rise may have had a script behind it all along.
401K is ready to embrace crypto assets! The White House is about to give the green light, allowing retirement funds to invest in cryptocurrencies. BlackRock's president predicts that large private equity institutions will become the main force in the market. This means that institutional funds may enter the market much faster than expected. At the same time, U.S. stablecoin legislation is driving a surge in supply by $4 billion, and Nigeria has officially opened up to compliant stablecoins. The market outlook is bearish, with BTC and ETH continuing to pull back, and liquidation amounts reaching as high as $551 million within 24 hours, mainly from long positions. Goldman Sachs has even retracted its expectations for an interest rate cut by the European Central Bank this year, and global liquidity improvement may be delayed.
Is the value of ETH severely underestimated? Even Trump's son has forwarded support this time. Eric Trump recently reposted a comment about ETH's potential, stating 'I completely agree.' The comment pointed out that based on the M2 money supply comparison, ETH should currently be valued over $8000. This has led many to reassess the currently undervalued price of ETH, and with U.S. policies becoming clearer and institutional funds gradually entering the market, this wave of attention may not be coincidental. Although there are still fluctuations in the short term, the mid to long-term positioning of ETH is becoming increasingly hard to ignore.
The market is facing a significant test of options expiration. According to Deribit, this Friday, options worth over $15.4 billion in BTC and ETH are set to expire, with BTC options amounting to $12.66 billion and the maximum pain point at $112,000; ETH stands at $2.75 billion with a maximum pain point of $2,800. The Put/Call ratio is around 0.87-0.88, indicating a bullish market sentiment but not extreme. Options expiration often comes with significant volatility, and if prices approach the 'maximum pain point', severe fluctuations cannot be ruled out. It is recommended to closely monitor volume and capital flow, and avoid chasing highs in the short term.