There are two reasons for the market decline. One is that Mentougou paid compensation in secret on CEX. Things that cannot be seen on the chain can easily cause panic. The second is that Harris surpassed Trump in the polls on July 22 and 23. Although Trump's winning rate in polymarket is still as high as 61%, Harris has the advantages of black + female + Indian + Chinese name + 18 years younger than Trump, and the freshness of never being president, so Trump cannot be said to be stable before the second shot! Ethereum ETF performed better than expected, with a net inflow of 106 million on the first day. You must know that this is just a castrated version of the ETF without the pledge function, so I still look forward to the future market.
This makes me look forward to the subsequent growth of ETH; Mentougou's compensation on Kraken is already in progress, but it is not displayed on the chain. Although it has some impact on the currency price, it is actually not a big deal referring to the shipment in Germany.
