1. The market situation has changed suddenly and the market structure has been reshaped
Amid the turbulence of the global financial market, the market trend fluctuated and fell today, while the ETH/BTC exchange rate rose against the trend, showing new momentum in the blockchain field. At the same time, the altcoin market is bleak, and the projects that were once in the limelight are now eclipsed. However, the hot atmosphere of the European Cup Football Championship seems to have attracted some market attention, allowing investors to find new investment inspiration in the exciting game.
On the other hand, the U.S. stock market showed a trend of fluctuating upward. Against the backdrop of increasing global economic uncertainty and unstable situation in Europe, global funds have poured into the U.S. stock market in search of risk aversion and value-added opportunities. According to statistics, as much as $30 billion of funds have flowed into the U.S. stock market in the past month, showing investors' confidence in the U.S. stock market.
2. Market hot spots are diverse, and new driving forces of blockchain are emerging
ETH projects are emerging: In the blockchain field, ETH projects such as ENS, LDO, and CVX have performed well. In particular, the CVX project has shown strong vitality after the oversold rebound after the CRV liquidation. In addition, the news that the ETH ETF plan was approved in early July also further boosted market confidence.
Unexpected rebound of bankrupt projects: Although bankrupt projects such as FTT, LUNC, and USTC were once abandoned by the market, they have unexpectedly rebounded recently. Market rumors say that FTT will restart after paying off its debts, which has brought new hope to these projects.
The transformation of the oracle API3 has attracted attention: the API3 project recently announced its transformation to ZK L2, which is dedicated to capturing the value of OEV. This transformation not only demonstrates the innovative strength of API3 in the field of blockchain technology, but also opens up a new path for its future development. At the same time, DWF market making has also brought new vitality to the market.
MEME coin Redo doubled: As the dogecoin in the TON ecosystem, Redo has doubled in recent times, attracting widespread attention from the market. The increase in the activity of TON-related mini-games and the news that the number of daily active users of the TON chain has exceeded that of the ETH chain have further pushed up the price of Redo.
New progress in the L2 field: The ZKSync airdrop event will start at 3 pm today. Although no major exchanges have yet released a listing announcement, this news has already sparked heated discussions in the market. This new progress in the L2 field will bring new impetus to the development of blockchain technology.
Amid the ever-changing global financial market, new developments in blockchain technology and digital currency will continue to attract investors' attention. From the strong rise of ETH to the craze of the European Football Championship, to the volatile rise of the US stock market, these events all indicate that the future direction of the financial market will be more diversified and complex. Investors need to maintain keen insight to cope with the ever-changing market environment.
Brother Fa has also been ambushing a currency that is about to explode.
It is expected to be 30% in the short term and 5-8 times in the long term.
I still say that, if you come to me, I will take you ashore and you just lie down.
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