🚨Last night's Crypto highlights compilation, don't miss out!
1⃣ The bull is back! #ETH broke 4600U, just about 5% away from a new high. Crypto is rising across the board, with the total market cap of cryptocurrencies surpassing 4.1 trillion, a new record, possibly due to the July CPI meeting expectations, an increased probability of rate cuts in September, and US stock indices hitting all-time highs.
2⃣ #SOL has finally "proven itself," briefly breaking 193U, with ecosystem tokens starting to rise significantly. This could be a catch-up rally, or it might be due to multiple MEME coins becoming active on-chain.
3⃣ Better late than never, the Ethereum Foundation-related address sold off a total of 2794.87 ETH in nearly two hours, worth 12.78 million dollars.
4⃣ PUMP officially sold SOL for the first time after its TGE, totaling 86,000 tokens, approximately 16.28 million U. Over the past week, it repurchased 8.42 million dollars worth of PUMP, with #PUMP briefly surpassing a 4 billion market cap.
5⃣ #ENA broke 0.8U, rising nearly 4 times from its low. This may be due to Ethena becoming the sixth DeFi protocol to surpass 10 billion dollars in TVL, while the ETH ecosystem is also experiencing strong growth.
6⃣ Continued buying! BitMine, a leader in ETH reserves, disclosed plans to issue up to 20 billion dollars in common stock. Its daily trading volume reached 9.273 billion dollars, ranking 7th in US stocks.
7⃣ Crypto has become #TRUMP's wallet! His cryptocurrency investments have generated 2.4 billion dollars in profits, accounting for 43.5% of the personal wealth he has accumulated during his political career.
8⃣ Circle's stablecoin Layer1 ARC will launch a public testnet in the fall, EVM compatible, with USDC as the native Gas token. Additionally, payment giant Stripe has partnered with Paradigm to announce the Tempo chain, positioning it in the payment sector as L1.
9⃣ Privacy coin Monero #XMR is falling against the trend, rumored to have suffered a 51% attack, with Qubic briefly controlling 52.72% of the Monero network's hash rate, but it denies malicious intent, claiming it was a technical demonstration.
🔟 Current open interest in top altcoin contracts has reached 47 billion dollars, a new historical high. This indicates an increase in market leverage, so be cautious of the risks of a bull market pullback.
🔟1⃣ AI analysis of market trends:
——BTC is in a short-term range fluctuation, with 117k-119k as key support and resistance, with whales engaging in intense long and short battles, and funds being cautiously observant;
——ETH is performing strongly, with multiple high-leverage whales going long, and ETF fund inflows driving the market;
——Altcoins are showing overall performance divergence, with funds prioritizing ETH and selected targets, with short-term catch-up expectations;
——Macroeconomic events (CPI data release) are causing short-term volatility, with market sentiment being cautious but leaning towards bullish.
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