July 24 crypto market dynamics at a glance

1) Market Overview:

Bitcoin suffered a slump, driving most altcoins to fall simultaneously. Mt. Gox Exchange initiated a refund process.

The U.S. stock market also showed a slump, and corporate financial reports showed poor performance. Kamala Harris's candidacy increased the possibility of her becoming the first female president of the United States, while Donald Trump's chances of winning seemed to have decreased, which weakened expectations of a Fed rate cut before the November election.

2) Industry Focus:

1. Multiple projects in the Ethereum ecosystem, including CVX, ENS, REZ, PEPE, ENA, MKR, etc., rose. On Tuesday, the Ethereum ETF was officially listed, attracting widespread market attention.

2. The public chain project COTI performed well. It previously turned to homomorphic encryption technology and recently established a cooperative relationship with the Central Bank of Israel.

3. The modular protocol Avail airdropped and issued tokens. Although it has not been listed on major exchanges, its market value has reached US$1.5 billion, which is comparable to DYM.

4. BN invested in the game project Citizen. Citizen is part of the TON ecosystem and is committed to building a chain-changing platform similar to WeChat mini-games. It is expected to issue tokens and list them on BN soon.

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