U.S. PPI Data Influences Bitcoin Market Dynamics
U.S. Producer Price Index (PPI) data on interest rate expectations, effectively eliminating the possibility of a 50 basis point rate cut. In the cryptocurrency sector, U.S. Treasury Secretary Besent announced that the government will not sell confiscated Bitcoin and is exploring budget-neutral methods to acquire more Bitcoin to expand reserves.
Bitcoin's price, which fell from a high of $124,000 to $117,000, has stabilized around $119,000. The risk reversal is notably skewed towards bearish options. Despite macroeconomic pressures, QCP maintains

Bitcoin and Ethereum Sentiment Analysis Reveals Market Trends
Bitcoin's peak greed levels have coincided perfectly with its all-time highs and local peaks. Meanwhile, despite Ethereum's significant outperformance against Bitcoin over the past three months, its bullish sentiment remains considerably lower. Typically, price movements tend to contradict retail investors' expectations. As a result, due to the market's relatively low interest in buying Ethereum during dips compared to Bitcoin, the current outlook suggests that Ethereum's bullish trend is slightly higher than that of Bitcoin. #BTC#

Ethereum Proposal Suggests Unified Multidimensional Fee Market
Ethereum researcher Anders Elowsson has introduced EIP-7999, a proposal aimed at establishing a unified multidimensional fee market. The proposal suggests that each transaction should use a max_fee to specify the maximum amount of ETH the user is willing to pay. Once implemented, the protocol will ensure that transactions can cover all dimensions of Gas fees, treating the max_fee as interchangeable across resources, thereby enabling more efficient capital utilization.
#ETH#

Whale Alert has reported that the USDC Treasury has minted an additional 500 million USDC on the Solana blockchain. This minting process was conducted in two separate transactions, each involving the creation of 250 million USDC.
‍ #USDC#   

Consumer prices rose moderately in July, reflecting the impact of tariffs; this indicates potential inflationary pressures ahead.

Ethereum's rise past $4,400 signals strengthened investor confidence, which may lead to significant market growth ahead.
#ETH#

Bitcoin's recent price stabilization indicates potential for upward movement, yet caution is warranted as resistance levels loom.
#BTC#

Bitdeer Increases Bitcoin Holdings to Over 1,700 BTC
Nasdaq-listed Bitcoin mining company Bitdeer has released its latest Bitcoin holdings data on X. As of August 8, Bitdeer's total Bitcoin holdings have increased to 1,718.1 BTC. This figure represents the company's pure holdings and does not include Bitcoin deposited by customers. Additionally, Bitdeer produced 74.8 BTC through mining this week but sold 32.6 BTC.
#BTC#

https://www.gate.com/nft/2067226
Torrential rain, post-race confusion, and a title sealed in the most unexpected way. A World Champion was crowned at Suzuka, in a moment as dramatic as it was unforgettable.

X/USDT
#X# #USDT#

USDC Treasury Mints Over 64 Million USDC on Ethereum
Whale Alert has reported that the USDC Treasury has minted 64,457,620 USDC on the Ethereum blockchain. This newly minted amount is approximately valued at $64,441,957.
#ETH# #USDC#

MEMEFI/USDT
#MEMEFI#

MEMEFI/USDT to the TOP
#MEMEFI

Cryptocurrency Market Experiences $274 Million in Liquidations
Cryptocurrency market witnessed liquidations totaling $274 million over the past 24 hours. Of this amount, long positions accounted for $58.19 million, while short positions saw liquidations amounting to $216 million.

Analysts Warn of Prolonged Summer Market Slump
Recent market adjustments have prompted warnings from analysts about a continued summer slump. FxPro's Chief Market Analyst, Alex Kuptsikevich, noted in a Thursday report that support at previous peak levels indicates a temporary market pause for profit-taking. However, the downturn is discouraging the most active traders, who are now focusing on smaller projects.
Bitcoin is nearing its 50-day moving average again, with frequent tests of this mid-term trend signal suggesting that the leading cryptocurrency is experiencing accumulated fatigue.
#BTC

Ethereum Foundation Advances L1 Scaling Efforts
Ethereum Foundation has released a blog post detailing recent progress in its 'Scale L1' initiatives. The update highlights three key developments:
Firstly, Marius van der Wijden has joined Ansgar Dietrichs and Tim Beiko to co-lead the L1 scaling efforts. Secondly, following the Berlinterop, the mainnet gas limit has been increased to 45 million, marking the first step towards achieving a gas limit of 100 million and beyond. Lastly, all major execution layer clients have implemented pre-merge historical expiration features, significantly reducin

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Billionaire Adam Weitsman Acquires Over 5,000 NFTs from Yuga Labs
Billionaire Adam Weitsman has acquired more than 5,000 NFTs, including Otherdeeds, Mega Kodas, and Weapon Kodas, from Yuga Labs. Weitsman has also pledged to make a series of acquisitions in the public market this year.
#NFT#

Coinsilium Group's Forza Increases Bitcoin Holdings
UK-listed company Coinsilium Group's subsidiary, Forza, has increased its Bitcoin holdings by 57.54 BTC, bringing its total to 181.96 BTC.
#BTC#