Brother Nine's Morning News Share / August 11
1. Market Trends
BTC is rising, altcoins are generally up. The market's main focus is on the ETH ecosystem.
U.S. stocks are up, and expectations for a rate cut in September are rising.
2. Market Highlights
1. The public chain ETH is surging, and the ETH/BTC exchange rate continues to rise. Institutional holdings of ETH account for 7%, leaving room compared to BTC's 12% institutional holdings.
2. ETH ecosystem tokens like ENA, PROVE, ZORA, and ZKJ are all surging. ENA's USDE stablecoin has surpassed $10 billion in scale.
PROVE is a new coin based on zero-knowledge proofs. ZORA is a social finance launch platform on the Base chain, reaching new highs. ZKJ is controlled by domestic investors, similar to MYX.
3. Trump's WLFI concept token DOLO has surged several times, breaking new highs. WLFI is likely to issue tokens in September. The CTO of WLFI is a co-founder of DOLO, so Trump's concept stablecoin USD1 may have a partnership with DOLO.
4. DESCI's BIO is surging, requiring staking to act as a launch platform.
5. Football fan tokens OG, JUV, etc., are rising, increasing short-term market risks.
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