Crypto Assets Market Dynamics and Key Events

Industry News

• The Cardano community has approved a core development budget of $71 million to promote the ADA technology upgrade.
• Bitcoin spot ETF saw a net outflow of $643 million last week, ending seven consecutive weeks of net inflow.
• Base chain's daily token issuance surpasses Solana, Coinbase's "SocialFi" strategy sparks Zora craze
• Lido reduces its workforce by about 15% to ensure long-term sustainable development.
• YGG established Onchain Guild and allocated 50 million YGG to the ecological fund pool to explore new earning opportunities.

Market Viewpoint

Famous author Robert Kiyosaki stated that if Bitcoin falls below $90,000 due to the "August curse," he will double his investment. He believes that there is nothing wrong with Bitcoin itself, but the massive U.S. debt and currency management are the key factors.

Analyst Axel Adler Jr pointed out that the Bitcoin bull market has entered its later stages, with a decline in investor risk appetite. It is expected that there will be two more rebounds during this cycle, followed by a possible correction phase.

CryptoQuant analysis shows that long-term holders of Bitcoin are still in a robust profit zone, demonstrating strong confidence. Short-term holders are fluctuating at low profit levels, which may trigger periodic pullback pressure. The overall trend remains bullish.

Matrixport analysis believes that the slowdown in employment data combined with seasonal weakness has led to Bitcoin falling below a key support level. Risk assets may continue to weaken before economic fundamentals improve.

Project Updates

• Binance Alpha will launch the Fireverse ( FIR ) token on August 6.
• Hold more than 200 Binance Alpha points to claim 1000 DARK tokens airdrop
• Binance BNSOL Super Staking will launch the twelfth phase project SIGN
• Ripple's report shows that banks have invested over $100 billion in blockchain infrastructure since 2020.

Important Data

CoinShares report shows that digital asset investment products experienced a net outflow for the first time in 15 weeks, with Bitcoin seeing an outflow of $404 million during the week. Ethereum recorded a net inflow for 15 consecutive weeks, totaling $133 million.

The market capitalization of USDe has risen to $9.293 billion, with an increase of over 75% in the past month, making it the third largest stablecoin by market cap.

Institutional Dynamics

• CACEIS, a subsidiary of Crédit Agricole, acquires a minority stake in Kriptown to support the launch of the blockchain exchange Lise.
• Japanese nail salon chain Convano Inc plans to hold 21,000 coins by the end of March 2027.
• Japanese listed company Metaplanet invested approximately 53.7 million USD to increase its holdings by 463 coins of Bitcoin, bringing its total holdings to 17,595 coins.