铁裆神侯
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1、特朗普团队扩大美联储主席候选名单，鲍曼和杰斐逊入选
特朗普团队已将美联储主席候选名单扩大，美联储理事鲍曼和副主席杰斐逊被纳入其中。白宫预计将在今年秋季公布最终人选。
2、特朗普宣布华盛顿特区进入公共安全紧急状态
美国总统特朗普正式宣布华盛顿特区进入公共安全紧急状态。
3、Circle在以太坊增发1亿枚USDC
Circle于8月12日在以太坊网络增发1亿枚USDC，时间为消息发布前8分钟。
4、威斯康星州拟立法要求比特币ATM执行KYC
威斯康星州参议院提出法案SB386，要求比特币ATM全面实施身份认证（KYC），交易需提供身份信息，单笔交易上限为1000美元，并收集其他个人信息以加强监管。
5、美参院民主党批共和党加密草案规避监管
美国参议院银行委员会民主党批评共和党提出的加密货币立法草案，称其为传统资产提供“逃避监管的高速路”，担忧股票等资产通过代币化规避SEC监管。民主党指出，草案中“附属资产”定义过宽，可能导致投资者保护不足，增加市场风险。此外，民主党对草案未限制特朗普家族加密业务影响表示关切。
6、标普首次为DeFi协议授予信用评级，Sky获B-评级
标普全球评级将 Sky Protocol 评级定为 B-，展望稳定，这是信用评级公司首次对 DeFi 协议进行评估
7、Solana Memecoin BONK 获2500万美元企业资金支持$BONK
Safety Shot 将发行可转换为普通股的优先股。
8、Uniswap基金会拟在怀俄明州设立新法律实体DUNI
Uniswap基金会提议在怀俄明州采用DUNA法律框架，设立名为“DUNI”的新法律实体，以保留现有治理结构并满足合规需求。基金会计划向该实体拨付1650万美元UNI，用于结清历史税务及罚金，并设立法律辩护预算。此举旨在为未来启用协议收费奠定基础，同时保持去中心化治理模式。$UNI
特朗普团队已将美联储主席候选名单扩大，美联储理事鲍曼和副主席杰斐逊被纳入其中。白宫预计将在今年秋季公布最终人选。
2、特朗普宣布华盛顿特区进入公共安全紧急状态
美国总统特朗普正式宣布华盛顿特区进入公共安全紧急状态。
3、Circle在以太坊增发1亿枚USDC
Circle于8月12日在以太坊网络增发1亿枚USDC，时间为消息发布前8分钟。
4、威斯康星州拟立法要求比特币ATM执行KYC
威斯康星州参议院提出法案SB386，要求比特币ATM全面实施身份认证（KYC），交易需提供身份信息，单笔交易上限为1000美元，并收集其他个人信息以加强监管。
5、美参院民主党批共和党加密草案规避监管
美国参议院银行委员会民主党批评共和党提出的加密货币立法草案，称其为传统资产提供“逃避监管的高速路”，担忧股票等资产通过代币化规避SEC监管。民主党指出，草案中“附属资产”定义过宽，可能导致投资者保护不足，增加市场风险。此外，民主党对草案未限制特朗普家族加密业务影响表示关切。
6、标普首次为DeFi协议授予信用评级，Sky获B-评级
标普全球评级将 Sky Protocol 评级定为 B-，展望稳定，这是信用评级公司首次对 DeFi 协议进行评估
7、Solana Memecoin BONK 获2500万美元企业资金支持$BONK
Safety Shot 将发行可转换为普通股的优先股。
8、Uniswap基金会拟在怀俄明州设立新法律实体DUNI
Uniswap基金会提议在怀俄明州采用DUNA法律框架，设立名为“DUNI”的新法律实体，以保留现有治理结构并满足合规需求。基金会计划向该实体拨付1650万美元UNI，用于结清历史税务及罚金，并设立法律辩护预算。此举旨在为未来启用协议收费奠定基础，同时保持去中心化治理模式。$UNI
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Tonight's CPI
Regarding tonight's CPI, I'll be straightforward. The U.S. stock market and Bitcoin have been fluctuating slightly these days, just waiting for this data to land. Some say it's risk aversion; I see that the market knows the expectations aren't great, but if it does crash, it won't be too exaggerated.
As for tariffs, I've analyzed before that the market is already desensitized. The core issue now isn't the Federal Reserve making decisions themselves but the conflict between the radical faction led by Trump and the conservative faction of the Fed. As long as the data isn't absurd, they will definitely push towards rate cuts.
Conservatives won't let go of interest rates until they see inflation truly going down, and the result is that when the data is good, everyone smiles. When the data is bad, there's no need to cry because a rate cut in September is almost a done deal. I've said before that since the rate hikes in 2022, the market and the Federal Reserve have never won against each other, but this time it’s hard to say.
As for tariffs, I've analyzed before that the market is already desensitized. The core issue now isn't the Federal Reserve making decisions themselves but the conflict between the radical faction led by Trump and the conservative faction of the Fed. As long as the data isn't absurd, they will definitely push towards rate cuts.
Conservatives won't let go of interest rates until they see inflation truly going down, and the result is that when the data is good, everyone smiles. When the data is bad, there's no need to cry because a rate cut in September is almost a done deal. I've said before that since the rate hikes in 2022, the market and the Federal Reserve have never won against each other, but this time it’s hard to say.
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Trump's Big Move to Use Pension Funds for Cryptocurrency, $12 Trillion to Enter the Game?
$BTC
$ETH
$XRP
Bitcoin prices have soared this year, surpassing the explosive gains of Wall Street's entry into the cryptocurrency space in 2024—although some predict that the Bitcoin price bull market may just be beginning.
Since this time last year, Bitcoin prices have doubled, and the cryptocurrency market looks “strikingly similar” to last summer's surge in Bitcoin and other major cryptocurrencies like Ethereum and XRP.
Now, with JPMorgan suddenly reacting to factors that could change Bitcoin prices, U.S. President Trump has signed an executive order that will make it easier to include Bitcoin, cryptocurrencies, and other alternative assets like private equity and real estate in 401(k) retirement accounts, which total $12.2 trillion.
$ETH
$XRP
Bitcoin prices have soared this year, surpassing the explosive gains of Wall Street's entry into the cryptocurrency space in 2024—although some predict that the Bitcoin price bull market may just be beginning.
Since this time last year, Bitcoin prices have doubled, and the cryptocurrency market looks “strikingly similar” to last summer's surge in Bitcoin and other major cryptocurrencies like Ethereum and XRP.
Now, with JPMorgan suddenly reacting to factors that could change Bitcoin prices, U.S. President Trump has signed an executive order that will make it easier to include Bitcoin, cryptocurrencies, and other alternative assets like private equity and real estate in 401(k) retirement accounts, which total $12.2 trillion.
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Gold has seen its largest drop in three months; what’s happening with the explosive cryptocurrency market?
The cryptocurrency market has exploded across the board.
The cryptocurrency market has exploded across the board, with Bitcoin peaking at $122,370 per coin, a new high since July 18. Ethereum's price briefly rose to $4,350 per coin, the highest since December 2021.
Against the backdrop of significant volatility in cryptocurrency prices, the number of liquidations globally has surged. According to the latest data from CoinGlass, over the past 24 hours, there have been a total of 120,873 liquidations globally, with a total liquidation amount reaching $426 million (approximately 3.1 billion yuan).
Behind this surge is the growing interest of large investors in cryptocurrencies. According to Coingecko data, the so-called 'digital asset financial companies' have turned to holding a large amount of cryptocurrency after going public, accumulating a total of $113 billion worth of Bitcoin so far, while similar Ethereum investment tools have hoarded about $13 billion worth of tokens.
The cryptocurrency market has exploded across the board, with Bitcoin peaking at $122,370 per coin, a new high since July 18. Ethereum's price briefly rose to $4,350 per coin, the highest since December 2021.
Against the backdrop of significant volatility in cryptocurrency prices, the number of liquidations globally has surged. According to the latest data from CoinGlass, over the past 24 hours, there have been a total of 120,873 liquidations globally, with a total liquidation amount reaching $426 million (approximately 3.1 billion yuan).
Behind this surge is the growing interest of large investors in cryptocurrencies. According to Coingecko data, the so-called 'digital asset financial companies' have turned to holding a large amount of cryptocurrency after going public, accumulating a total of $113 billion worth of Bitcoin so far, while similar Ethereum investment tools have hoarded about $13 billion worth of tokens.
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【Jin Yi Culture: Subsidiary has collaborated with some banks on digital RMB products】
On July 29, Jin Yi Culture stated on the interactive platform that its subsidiary, Kai Ke Wei Shi, has collaborated with some banks on digital RMB products. Kai Ke Wei Shi has also won bids for some AI large model related projects and is developing software delivery combined with AI technology for intelligent agents, applied in areas such as intelligent marketing, wealth management, intelligent investment advisory, and intelligent customer service, but currently the overall scale is relatively small.
$CFX
On July 29, Jin Yi Culture stated on the interactive platform that its subsidiary, Kai Ke Wei Shi, has collaborated with some banks on digital RMB products. Kai Ke Wei Shi has also won bids for some AI large model related projects and is developing software delivery combined with AI technology for intelligent agents, applied in areas such as intelligent marketing, wealth management, intelligent investment advisory, and intelligent customer service, but currently the overall scale is relatively small.
$CFX
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$BTC
Is South Korea, a major player in cryptocurrency trading, "resisting" the dollar stablecoin? Eight major banks join forces to issue a Korean won stablecoin!
As a globally recognized powerhouse in cryptocurrency trading, South Korea is taking a series of measures to reduce its reliance on dollar stablecoins, while eight major banks are collaborating to issue a Korean won stablecoin.
• Reasons for "resisting" the dollar stablecoin: When South Korean investors purchase stablecoins, they primarily buy USDT or USDC, which effectively exports capital to U.S.-controlled financial infrastructure. In the first quarter of 2025, the trading volume of dollar-pegged stablecoins in South Korea reached 57 trillion won, accounting for more than half of the national stablecoin trading volume, indicating that sovereign financial control is flowing out. Moreover, stablecoins may become a channel for money laundering and capital flight, bypassing South Korea's foreign exchange controls, posing a potential threat to South Korea's monetary sovereignty and financial system.
• Situation regarding the issuance of the Korean won stablecoin by eight major banks: Eight major banks in South Korea, including KB Kookmin Bank, Shinhan, Woori, NH Nonghyup, IBK Industrial Bank, the Fisheries Association Bank, Citibank Korea, and Standard Chartered Korea, are collaborating with the Open Blockchain and DID Association and the Financial Settlement Institute to establish a joint venture for a Korean won stablecoin. The preliminary plan includes two types of stablecoin models: trust-based and deposit-linked, with the company expected to be established by the end of 2025 or early 2026 at the earliest.
• Relevant policy support: The "Digital Asset Basic Law" establishes a regulatory framework for South Korean companies to issue won-backed stablecoins, with a capital requirement of 500 million won (approximately 370,000 USD) allowing companies to enter the stablecoin market. This relatively low threshold is aimed at encouraging domestic competition while maintaining minimum standards.
Is South Korea, a major player in cryptocurrency trading, "resisting" the dollar stablecoin? Eight major banks join forces to issue a Korean won stablecoin!
As a globally recognized powerhouse in cryptocurrency trading, South Korea is taking a series of measures to reduce its reliance on dollar stablecoins, while eight major banks are collaborating to issue a Korean won stablecoin.
• Reasons for "resisting" the dollar stablecoin: When South Korean investors purchase stablecoins, they primarily buy USDT or USDC, which effectively exports capital to U.S.-controlled financial infrastructure. In the first quarter of 2025, the trading volume of dollar-pegged stablecoins in South Korea reached 57 trillion won, accounting for more than half of the national stablecoin trading volume, indicating that sovereign financial control is flowing out. Moreover, stablecoins may become a channel for money laundering and capital flight, bypassing South Korea's foreign exchange controls, posing a potential threat to South Korea's monetary sovereignty and financial system.
• Situation regarding the issuance of the Korean won stablecoin by eight major banks: Eight major banks in South Korea, including KB Kookmin Bank, Shinhan, Woori, NH Nonghyup, IBK Industrial Bank, the Fisheries Association Bank, Citibank Korea, and Standard Chartered Korea, are collaborating with the Open Blockchain and DID Association and the Financial Settlement Institute to establish a joint venture for a Korean won stablecoin. The preliminary plan includes two types of stablecoin models: trust-based and deposit-linked, with the company expected to be established by the end of 2025 or early 2026 at the earliest.
• Relevant policy support: The "Digital Asset Basic Law" establishes a regulatory framework for South Korean companies to issue won-backed stablecoins, with a capital requirement of 500 million won (approximately 370,000 USD) allowing companies to enter the stablecoin market. This relatively low threshold is aimed at encouraging domestic competition while maintaining minimum standards.
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Ethereum becomes one of the top 25 global assets! Is the U.S. actively paving the way for 'Ethereum ETF staking'?
$ETH
$ETH
As the world's leading smart contract platform, Ethereum's total market capitalization surpassed $520 billion this morning, successfully surpassing payment giant Mastercard and streaming leader Netflix, opening the door to the top 25 global asset value rankings. This milestone not only highlights Ethereum's growing economic influence, but the deeper driving force behind it points to a significant 'green light' from U.S. regulators.
As Ethereum's market capitalization skyrocketed, the U.S. Securities and Exchange Commission (SEC) issued a highly anticipated new guideline clarifying that 'specific liquid staking activities' do not constitute securities issuance. This seemingly technical regulatory statement has been widely interpreted by the market as the SEC actively paving the way for the upcoming 'inclusion of Ethereum spot ETF staking' function. The convergence of these two major events signifies that Ethereum is transforming from a purely crypto asset into a globally recognized macro asset that is deeply integrated into the mainstream financial system.
$ETH
As the world's leading smart contract platform, Ethereum's total market capitalization surpassed $520 billion this morning, successfully surpassing payment giant Mastercard and streaming leader Netflix, opening the door to the top 25 global asset value rankings. This milestone not only highlights Ethereum's growing economic influence, but the deeper driving force behind it points to a significant 'green light' from U.S. regulators.
As Ethereum's market capitalization skyrocketed, the U.S. Securities and Exchange Commission (SEC) issued a highly anticipated new guideline clarifying that 'specific liquid staking activities' do not constitute securities issuance. This seemingly technical regulatory statement has been widely interpreted by the market as the SEC actively paving the way for the upcoming 'inclusion of Ethereum spot ETF staking' function. The convergence of these two major events signifies that Ethereum is transforming from a purely crypto asset into a globally recognized macro asset that is deeply integrated into the mainstream financial system.
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China's 'Named' Warning to Worldcoin? Ministry of National Security: 'Iris in Exchange for Cryptocurrency' Threatens National Security!
$WLD
On August 6, 2025, a severe warning from China's highest security agency dropped a heavy bomb in the global cryptocurrency and technology sectors. The Ministry of National Security (MSS) issued a statement through its official social media account, sternly pointing out that certain activities of 'distributing free cryptocurrencies' as bait, and conducting mass scans to collect users' iris and other biometric data, pose a severe threat to China's personal information security and even national security.
Although the full announcement does not directly mention any company names, the operational model it describes—scanning irises in exchange for digital tokens—aligns closely with the cryptocurrency project 'Worldcoin,' co-founded by OpenAI CEO Sam Altman. This unnamed 'named' warning is widely interpreted as the most explicit and severe signal from the Chinese authorities to biometric data encryption projects represented by Worldcoin.
On August 6, 2025, a severe warning from China's highest security agency dropped a heavy bomb in the global cryptocurrency and technology sectors. The Ministry of National Security (MSS) issued a statement through its official social media account, sternly pointing out that certain activities of 'distributing free cryptocurrencies' as bait, and conducting mass scans to collect users' iris and other biometric data, pose a severe threat to China's personal information security and even national security.
Although the full announcement does not directly mention any company names, the operational model it describes—scanning irises in exchange for digital tokens—aligns closely with the cryptocurrency project 'Worldcoin,' co-founded by OpenAI CEO Sam Altman. This unnamed 'named' warning is widely interpreted as the most explicit and severe signal from the Chinese authorities to biometric data encryption projects represented by Worldcoin.
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$APT
Do you see Apt 30U?
Detailed Analysis:
• Technical Advantages: The Aptos blockchain uses a modular and pipelined approach to process transactions, fully utilizing physical resources to achieve highly parallel execution, improving hardware efficiency, and offering advantages in transaction speed and cost. Additionally, it utilizes the Move language to write smart contracts and is formally verified through Move Prover, providing extra protection for contract invariants and behaviors, enhancing security.
• Wide Application Scenarios: APT tokens can be used for transactions and payments on the Aptos blockchain, and can also participate in the governance and decision-making of the platform. Users can vote on the upgrade proposals of the blockchain network by holding APT tokens. At the same time, it is also used to support decentralized finance protocols and smart contracts, with a rich variety of application scenarios.
• Ecosystem Development: Aptos actively promotes ecosystem construction and has established partnerships with multiple projects and enterprises. Currently, there are over 100 projects created on Aptos, including DeFi, Gamefi, NFTs, and more. As the ecosystem continues to flourish, the demand for APT tokens will increase.
• Growing Market Demand: With the popularity of blockchain technology and the increase in application scenarios, the market demand for high-performance blockchain platforms continues to grow. Aptos, with its technical advantages and strong developer support, has certain competitiveness in the market and is expected to attract more users and developers, thereby driving the value of APT tokens.
• Price Predictions Are Relatively Optimistic: According to predictions from cryptocurrency analysts, APT tokens may rise to $14.05 by the end of 2025. From a longer five-year timeline perspective, this cryptocurrency may grow to $30.35, and it is expected that by 2035, the value of APT will increase by 615.57%, reaching $51.23, showing certain investment potential.
However, the cryptocurrency market is highly uncertain, and APT tokens may face challenges in the future, such as technological updates and the rise of competitors. At the same time, the global regulatory policies regarding cryptocurrencies are constantly changing, which may also impact the development of APT tokens.
Do you see Apt 30U?
Detailed Analysis:
• Technical Advantages: The Aptos blockchain uses a modular and pipelined approach to process transactions, fully utilizing physical resources to achieve highly parallel execution, improving hardware efficiency, and offering advantages in transaction speed and cost. Additionally, it utilizes the Move language to write smart contracts and is formally verified through Move Prover, providing extra protection for contract invariants and behaviors, enhancing security.
• Wide Application Scenarios: APT tokens can be used for transactions and payments on the Aptos blockchain, and can also participate in the governance and decision-making of the platform. Users can vote on the upgrade proposals of the blockchain network by holding APT tokens. At the same time, it is also used to support decentralized finance protocols and smart contracts, with a rich variety of application scenarios.
• Ecosystem Development: Aptos actively promotes ecosystem construction and has established partnerships with multiple projects and enterprises. Currently, there are over 100 projects created on Aptos, including DeFi, Gamefi, NFTs, and more. As the ecosystem continues to flourish, the demand for APT tokens will increase.
• Growing Market Demand: With the popularity of blockchain technology and the increase in application scenarios, the market demand for high-performance blockchain platforms continues to grow. Aptos, with its technical advantages and strong developer support, has certain competitiveness in the market and is expected to attract more users and developers, thereby driving the value of APT tokens.
• Price Predictions Are Relatively Optimistic: According to predictions from cryptocurrency analysts, APT tokens may rise to $14.05 by the end of 2025. From a longer five-year timeline perspective, this cryptocurrency may grow to $30.35, and it is expected that by 2035, the value of APT will increase by 615.57%, reaching $51.23, showing certain investment potential.
However, the cryptocurrency market is highly uncertain, and APT tokens may face challenges in the future, such as technological updates and the rise of competitors. At the same time, the global regulatory policies regarding cryptocurrencies are constantly changing, which may also impact the development of APT tokens.
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You don't need to consider technical aspects for cfx when going long, just refer to the big A, only need sentiment, and it's only sentiment $CFX
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How much potential does the Sui public chain still have? $SUI
The Sui public chain still has development opportunities for the following reasons:
• Significant technical advantages: Sui uses a unique Directed Acyclic Graph (DAG) consensus mechanism. The Mysticeti V2 (FastPath), planned for release in 2025, will further optimize the transaction process, reduce the number of certificates, cryptographic operations, and message round trips, enhance throughput, and reduce latency. Additionally, the Remora plan can distribute transaction processing tasks across multiple machines, achieving true scalability, with a throughput of hundreds of thousands of transactions per second already achieved in testing environments.
• Gradually improving ecosystem: The Sui public chain is rapidly developing in the DeFi space. As of May 2025, its total locked value (TVL) in DeFi has reached $1.67 billion, ranking 8th globally, and has established a complete system of lending, DEX, and yield protocols. The launch of SuiPlay0X1 marks its official entry into the Web3 gaming hardware sector, expected to attract mainstream players. In January 2025, the Phantom wallet officially supported the SUI mainnet, enhancing Sui's cross-chain visibility and user experience.
• Strong team and financial support: Sui is developed by a core engineering team from Meta that previously built Diem, with strong technical capabilities. Its early financing received investments from top institutions such as a16z and Coinbase Ventures, and it has been listed on mainstream exchanges like Binance and OKX, providing ample funding and liquidity support for its development.
• Expanding application scenarios: The Sui public chain, in collaboration with institutions, launched a digital credit card that can use Sui tokens and is also compatible with Apple Pay and Google Pay, targeting payment scenarios and attempting to bring blockchain assets into real-life payment fields, thus expanding the application boundaries of public chains.
• Reasonable token economic model: 50% of the SUI tokens are allocated to the Sui ecosystem reserve, aimed at promoting ecosystem development, such as subsidizing developers and community ambassadors, which helps attract more projects and developers to settle in and promote the prosperity of the ecosystem.
The Sui public chain still has development opportunities for the following reasons:
• Significant technical advantages: Sui uses a unique Directed Acyclic Graph (DAG) consensus mechanism. The Mysticeti V2 (FastPath), planned for release in 2025, will further optimize the transaction process, reduce the number of certificates, cryptographic operations, and message round trips, enhance throughput, and reduce latency. Additionally, the Remora plan can distribute transaction processing tasks across multiple machines, achieving true scalability, with a throughput of hundreds of thousands of transactions per second already achieved in testing environments.
• Gradually improving ecosystem: The Sui public chain is rapidly developing in the DeFi space. As of May 2025, its total locked value (TVL) in DeFi has reached $1.67 billion, ranking 8th globally, and has established a complete system of lending, DEX, and yield protocols. The launch of SuiPlay0X1 marks its official entry into the Web3 gaming hardware sector, expected to attract mainstream players. In January 2025, the Phantom wallet officially supported the SUI mainnet, enhancing Sui's cross-chain visibility and user experience.
• Strong team and financial support: Sui is developed by a core engineering team from Meta that previously built Diem, with strong technical capabilities. Its early financing received investments from top institutions such as a16z and Coinbase Ventures, and it has been listed on mainstream exchanges like Binance and OKX, providing ample funding and liquidity support for its development.
• Expanding application scenarios: The Sui public chain, in collaboration with institutions, launched a digital credit card that can use Sui tokens and is also compatible with Apple Pay and Google Pay, targeting payment scenarios and attempting to bring blockchain assets into real-life payment fields, thus expanding the application boundaries of public chains.
• Reasonable token economic model: 50% of the SUI tokens are allocated to the Sui ecosystem reserve, aimed at promoting ecosystem development, such as subsidizing developers and community ambassadors, which helps attract more projects and developers to settle in and promote the prosperity of the ecosystem.
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$SOL
#Sol Token $210
• Strong Ecosystem: The Total Value Locked (TVL) on the Solana chain has significantly increased, jumping from about $2 billion at the beginning of 2024 to over $8.6 billion. The number of daily active addresses is approximately 3.3 million, and in certain metrics, the transaction throughput exceeds that of Ethereum. Solana-based DApps, such as Jupiter and MarginFi, have set record usage in DeFi and DePIN, attracting a large number of users and funds, driving up the price of the Sol token.
• Technological Innovations and Performance Improvements: The Block Assembly Marketplace (BAM) project launched by Jito Labs provides programmable control of block space, significantly reducing MEV (Maximum Extractable Value) and optimizing transaction sorting speed and execution logic. This is expected to address external doubts about Solana's "instability" and enhance market confidence in its technology.
• Institutional Capital Inflow: Over $73 million in "ETF front-run allocations" has flowed into Solana-related assets, with nearly 3 million SOL transferred to corporate wallets in July, indicating that long-term capital is positioning itself. Institutional recognition and capital investment provide support for the price of the Sol token.
• Impact of Staking Mechanism: Over 65% of SOL is staked, with an annualized staking yield (APY) exceeding 7%. This reduces the supply of tokens in circulation, increases the attractiveness of returns for long-term holders, and decreases selling pressure, making the token scarcer, thus driving the price up.
• Market Sentiment and Macroeconomic Environment: The cryptocurrency market overall presents a bullish atmosphere, with investor confidence in the Solana ecosystem recovering and market sentiment being optimistic. Additionally, Bitcoin halving cycles typically drive up the prices of other altcoins, and Solana, as a high-performance Layer-1 token, benefits from this market trend.
• Derivatives Market Short Liquidation: Recently, the price of the Sol token has strongly broken through, and large-scale short positions in the derivatives market have been liquidated, triggering a chain reaction of price increases. The mass liquidation of shorts further intensified the upward momentum of the price.
#Sol Token $210
• Strong Ecosystem: The Total Value Locked (TVL) on the Solana chain has significantly increased, jumping from about $2 billion at the beginning of 2024 to over $8.6 billion. The number of daily active addresses is approximately 3.3 million, and in certain metrics, the transaction throughput exceeds that of Ethereum. Solana-based DApps, such as Jupiter and MarginFi, have set record usage in DeFi and DePIN, attracting a large number of users and funds, driving up the price of the Sol token.
• Technological Innovations and Performance Improvements: The Block Assembly Marketplace (BAM) project launched by Jito Labs provides programmable control of block space, significantly reducing MEV (Maximum Extractable Value) and optimizing transaction sorting speed and execution logic. This is expected to address external doubts about Solana's "instability" and enhance market confidence in its technology.
• Institutional Capital Inflow: Over $73 million in "ETF front-run allocations" has flowed into Solana-related assets, with nearly 3 million SOL transferred to corporate wallets in July, indicating that long-term capital is positioning itself. Institutional recognition and capital investment provide support for the price of the Sol token.
• Impact of Staking Mechanism: Over 65% of SOL is staked, with an annualized staking yield (APY) exceeding 7%. This reduces the supply of tokens in circulation, increases the attractiveness of returns for long-term holders, and decreases selling pressure, making the token scarcer, thus driving the price up.
• Market Sentiment and Macroeconomic Environment: The cryptocurrency market overall presents a bullish atmosphere, with investor confidence in the Solana ecosystem recovering and market sentiment being optimistic. Additionally, Bitcoin halving cycles typically drive up the prices of other altcoins, and Solana, as a high-performance Layer-1 token, benefits from this market trend.
• Derivatives Market Short Liquidation: Recently, the price of the Sol token has strongly broken through, and large-scale short positions in the derivatives market have been liquidated, triggering a chain reaction of price increases. The mass liquidation of shorts further intensified the upward momentum of the price.
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