Market dynamics and market highlights
BTC leads the downward trend, altcoins generally follow the decline, and market sentiment cools. After the Mentougou incident, the refund process was initiated, and market confidence was affected to a certain extent. The US stock market also performed poorly, and the weak financial report data aggravated market concerns. In terms of political dynamics, Kamala's campaign heat has increased, and she may become the first female presidential candidate in the United States. Trump's chances of winning have declined, and the market expects that the possibility of interest rate cuts before the November election will decrease.
Market focus:
Ethereum ecosystem is active: Ethereum tokens such as CVX, ENS, REZ, PEPE, ENA, and MKR have performed well, showing the market's positive expectations for the Ethereum ecosystem. At the same time, the Ethereum ETF was successfully listed on Tuesday, further boosting market confidence.
New trends in public chains: Coti public chain has become a new favorite in the market with its homomorphic encryption technology and cooperation with the Bank of Israel.
Modular newcomer Avail: Avail airdropped coins. Although it has not landed on major exchanges, its market value has approached US$1.5 billion, comparable to the well-known project Dym, showing its potential value.
BN layout in the game field: BN announced its investment in the Citizen game project, which is rooted in the TON ecosystem and aims to build a WeChat mini-game chain reform platform in the future. The market generally expects that it will issue coins and go online on BN, bringing new opportunities to investors.
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