8.01 Stud Morning News: On the first day of August, you were so unfriendly to us, did you 😧 just wash your face with a waterfall? 1. $BTC Driven by stocks that did not report earnings reports, they fell, after all, only companies such as Meta and other companies that announced earnings reports soared, carrying the Nasdaq index; 2. $ETH is okay and not a lot of fall, just near the pin in the early morning of yesterday, the long and short divergence is serious; 3. $SOL is directly a rout, which has retraced 16% from the high, which is the largest drawdown among the Big Three; 4. Today's Fear and Greed Index dropped to 65, still in a "greedy state"; 5. Securities Times: Hong Kong's Stablecoin Ordinance has officially come into effect, and Bank of China, Standard Chartered and other note-issuing banks are expected to be the first to be approved for Hong Kong stablecoin licenses; 6. The U.S. SEC announced the launch of the "Project Crypto" program, covering tokenization support, securities and non-securities coexistence transactions, etc. 7. Data: In the past 24 hours, the entire network has liquidated US$353 million, long orders have liquidated US$287 million, and short orders have liquidated US$65.6998 million; Most of them suffered heavy losses; 8. Trump sets tariff rates ranging from 10% to 41% for multiple trading partners; 9. The Company amends the SOL ETF filing to seek approval from the U.S. Securities and Exchange Commission (SEC); 10. Mill City completed US$450 million in financing, purchasing more than 76 million SUI to launch on-chain asset reserves; 11. Riot Platforms announced its second-quarter net profit, but Bitcoin mining costs doubled year-on-year; 12. Coinbase announced its Q2 financial report and plans to launch tokenised stocks and prediction markets. 13. Trump: Powell doesn't cut interest rates again, it's stupid; --------- The long and short divergence is serious Now, it seems that the age of fierce shorting is coming again, after all, the rates have changed, and it feels a bit too much, but fortunately I have sat and watched 😭. #Bitcoin #Ethereum #Solana #cryptocurrency