Crypto Assets Market Dynamics and Analysis

Market Observation

Trump announced a major trade agreement with Japan, in which Japan will invest $550 billion in the United States, and the U.S. will impose a 15% tariff on imports from Japan. The third round of China-U.S. trade talks is scheduled to take place next week in Sweden and may involve topics such as China purchasing sanctioned Russian and Iranian oil. The upcoming "AI Action Plan" from the United States will focus on three pillars: infrastructure, innovation, and global impact, to promote the U.S.'s leading position in the field of artificial intelligence.

Trump and Treasury Secretary Mnuchin publicly called on the Federal Reserve to cut interest rates to stimulate the economy. In response, Bridgewater founder Dalio analyzed that this debate is essentially a game about the value of currency; Trump tends to stimulate the economy through currency depreciation, while the Federal Reserve tries to defend the value of the currency. Dalio predicts that the dollar will continue to weaken.

In the application of Crypto Assets, an analyst pointed out that stablecoins have revolutionized the cross-border payment sector, primarily by effectively addressing the pain points of the traditional financial system. Stablecoins are completed through peer-to-peer transactions, avoiding the complex overhaul of traditional financial infrastructure, making them particularly suitable for emerging markets with weak financial services.

After Bitcoin reached a historic high of $123,100, it entered a consolidation phase. Data shows that the market is in a "healthy but fragile balance." Several analysts are optimistic about the future market, but there may be a pullback in the short term. Some analysts predict that Bitcoin's ultimate target could reach $140,000.

Ethereum has seen a pullback after a continuous rise, with the current price around $3750. Some analysts believe that the $3200-3400 range will be an ideal buying opportunity. Other analysts predict that Ethereum may pull back to the $3000-3200 range in August, after which it is expected to challenge the $4000 mark again.

In the altcoin market, the price of the Zora token has surged, with an increase of nearly 300% since July 17. LetsBonk's market share has skyrocketed from 5% to 64% within a month. Several popular Meme coins have emerged in the past 24 hours.

Key Data

• Bitcoin: $118,684 ( Year-to-date +26.9% )
• Ethereum: $3,732.23 ( Year-to-date +11.69% )
• Fear and Greed Index:75( Greed )
• Market share: BTC 60%, ETH 11.5%
• 24-hour BTC long/short ratio: 50.18%/49.82%
• 24-hour liquidation data: A total of 129,759 people worldwide were liquidated, with a total liquidation amount of 376 million USD.

ETF Flow

• Bitcoin ETF: -$67.93 million
• Ethereum ETF: +$534 million, the third highest in history

Today's Outlook

• Block, led by Jack Dorsey, will be included in the S&P 500 index.
• OneFootball will start token sales
• OKX will launch ASP (ASPECTA) spot trading.
• Trump plans to issue an executive order to promote the development of artificial intelligence
• Avail and SOON will unlock a portion of the tokens

Hot News

• Arthur Hayes expects Bitcoin to reach $250,000 by the end of the year, and Ethereum to reach $10,000.
• ARK Invest acquired $182 million in BMNR common stock
• LetsBonk's market share in the Solana Meme token platform has increased to 64%.
• 21Shares submitted ONDO ETF related documents to the US SEC
• Coinbase adds multiple tokens to the asset roadmap
• SPACEX transferred 1.52 million USD worth of BTC
• A Mexican real estate company plans to create a $10 billion Bitcoin vault.
• Public company Mercurity Fintech has reached a $200 million SOL funding agreement with Solana Ventures.
• The Ether Machine, supported by Pantera and others, has raised $1.5 billion and will hold over 400,000 ETH.