8.15 Laboratory Daily:
The market is quite strange. Yesterday, the annual rate of CPI in July was 2.9%, which should be a good thing, but the market fell instead.
Thinking of the rise without warning on August 13, the insider information control seems to be getting more serious.
The good news is that CPI is decreasing, and the expectation of economic recession is getting lower, which is good news for the future market.
1. The US CPI data for July has been released. The overall CPI annual rate in July was 2.9%, which is the first time to return to the "2-digit" since March 2021, slightly lower than the expected 3%;
2. The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 56.5%, and the probability of cutting interest rates by 50 basis points is 43.5%;
3. Bank of America is actively holding Bitcoin ETFs.
At the same time, the Wisconsin Investment Committee of the United States increased its holdings of BlackRock Bitcoin ETF.
In addition to institutions, the Harris team is also actively building the encryption industry. The United States is actively understanding and reserving Bitcoin from the bottom up.
4. The US government transferred 10,000 bitcoins ($593.5 million) obtained from Silk Road to Coinbase Prime;
5. Forexlive: The market pricing of the Fed's rate cut has dropped to 103 basis points;
6. @dexter_cap's @gm_dot_ai was delayed for nearly 4 months before going online. It received 150,000 sols and added 10,000 sols of liquidity. It stopped acting and directly cheated. None of the private placement users made money;

8.14 Lab Daily:
There is no change in the market for the time being, and it is still expected to fluctuate. Let's wait for clear news, interest rate cuts or other.
1. The number of BTC held by Bitcoin ETF is expected to exceed Satoshi;
2. The rise of US Treasury bonds and the less-than-expected increase in PPI support the Fed's active interest rate cuts;
3. Whether the SOL ETF can be passed depends on whether the US government changes;
4. Arkham: The crypto wallet holding $2 billion of Mt. Gox Bitcoin sends test transactions while the distribution continues;
5. DRW Venture Capital discloses that it has a $150 million Ethereum ETF holding;
6. @pumpdotfun
Caused the Meme coin market to be oversaturated, and traders complained about the rampant scams;
7. BNB Chain launched the "Meme Innovation Battle Round 3: The Birth of Meme Heroes", with a prize pool of up to $150,000;

You sold 100% at a moment's notice and walked out of the small room. Mom was mopping the floor, and she said to you: Eat something quickly, the food Mom cooked is cold, I saw you were busy and didn't disturb you.
You sat on a chair and ate your mother's food. You don't have any source of income yet, you believe in the propaganda of KOLs, so you play MEME, you think it can change your destiny, you like Wang Xiaoer's myth of getting rich overnight, you think you can do it too.
"I am the greatest blockchain genius in the universe, I will definitely do it!" You suddenly stood up and roared.
Dad, who was watching TV, and mom, who was mopping the floor, looked at you. Dad was silent and stunned, and mom suddenly hugged you, and tears fell from her and yours.

8.13 Lab Daily:
As yesterday, Bitcoin is continuing to pull back downward. It is expected that the interest rate cut or no interest rate cut in September is actually bearish, and it is estimated that it will be difficult to improve in the short term.
1. White House officials: We are ready for a major attack that Iran may launch this week;
2. El Salvador announced an investment of $1.6 billion to launch "Bitcoin City";
3. The SEC accused NovaTech of being involved in a $650 million cryptocurrency fraud case;
4. Bitcoin mining company Argo Blockchain said it has fully repaid the $35 million loan borrowed from asset management company Galaxy Digital in 2022.
The loan was originally intended to avoid bankruptcy during the 2022 crypto bear market;
5. CryptoQuant: Bitcoin miner reserves have fallen to the lowest level since the beginning of 2021;
6. The US SEC sent letters to major venture capital funds regarding Uniswap Labs;

8.12 Lab Daily:
Expectations for rate cuts have changed again. Federal Reserve Board member Bowman said that he may not be prepared to support rate cuts at the next meeting of US central bank officials in September.
Affected by this, the market has started a new round of decline. At present, the daily line has a trend of continuing to pull back downward, and the key support level of the daily line is around 54,000.
1. OneMedNet, a US-listed company, raised $4.6 million through a third-party targeted capital increase, of which $1.8 million was used to purchase BTC;
2. BitGo established a joint venture with BiT Global and took over the WBTC business. The CEO promised to downplay Sun Yuchen's participation;
3. Ethereum ICO participant addresses transferred 48,500 ETH to OKX in the past month, worth about $154 million;
4. MicroStrategy has adopted the Bitcoin strategy for four years, and its return rate has surpassed Buffett's Berkshire Hathaway;
5. Sam's Rule founder: It's time for the Federal Reserve to cut interest rates;

8.11 Laboratory Daily:
The market situation is similar to the judgment, and Bitcoin has been fluctuating in the range of 2400~2700.
From the current point of view, it should continue to fluctuate for a period of time until the hype about interest rate cuts begins in September.
1. Data: The total market value of stablecoins increased by 1.31% in a week, and USDT’s market share was close to 70%;
2. CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points in September is 51%, and the probability of cutting interest rates by 50 basis points is 49%;
3. The U.S. SEC and Ideanomics reached a settlement over $40 million in fraudulent financial reporting of cryptocurrency revenue;
4. Wintermute has transferred a total of 14.094 million ARB to Binance in the past 24 hours, equivalent to approximately US$7.93 million; (ARB has completely gone cold this time)
5. @Uniswap front-end transaction fees have exceeded US$57 million; (but UNI has been falling)
6. Celsius directly sued Tether to repay $2.4 billion worth of BTC, and Tether responded that it would defend the extortion;
7. The CEO of JPMorgan Chase said that an economic recession is still the most likely outcome of the U.S. economy, and that there is increasing uncertainty in the market;#BTC#ETH #Uniswap

Laboratory daily report on August 10th:
Recently in Xinjiang, I stopped updating for a few days when I went out to play.
The ETH bargain hunt around 2250 was successful, and it was sold out yesterday. The range between 2300 and 2700 fluctuated until September.
1. BTC ETFs have begun net inflows again;
2. The SEC has reservations about Hashdex’s decision to merge Bitcoin and Ethereum ETFs;
3. The IRS updates the encryption tax form and cancels the wallet address requirement;
4. The SEC has reservations about Hashdex’s decision to merge Bitcoin and Ethereum ETFs;
Regulators delay decision on listing of U.S. “altcoin” ETF launched by Hashdex;
5. GSR CEO: The high correlation between Bitcoin and US stocks is expected to continue before the election;
6. Cardano Lianchuang: Bitcoin’s role as a U.S. reserve asset is conducive to price trends, but there are significant risks;
7. CoinGecko survey: 54.1% of crypto participants do not expect the NFT market to recover in this round;
8. The supply of USDT and USDC increased by US$3 billion a week;
9. The founder of Cardano said that if the United States really uses BTC as a strategic reserve, it may bring about centralization risks, because this would mean that the United States controls 19% of the supply;

Have you bottomed out at 2100?

#BTC
Yesterday, the lowest price hit 49,000, which is only 10 points away from the strong chip range support of 4.3-4.2.
The difference is not too big, unless the entire upward trend is broken and the bull market from the end of the year to next year is overturned.
Otherwise, I don’t think it will fall below 4.2-4.3. 10 points more will not make much difference.
But ETH fell to 2100 first due to on-chain liquidation, and it is actually the first target to adjust in place in this wave.
If it continues to go down, I will find a way to buy the bottom.
After a period of fluctuation in the large range, it will continue to go up.

Bullish in one day? A bit scary.
I just think that ETH has fallen to the right level at 2100, but I don’t think so for other things.
The interest rate cut in September, the interest rate cut and the money release need time.
The recession cycle has already begun.
The bottom is never a needle, the market is panic enough, but not desperate enough.

Lab Daily Report on August 6:
1. Global assets encountered "Black Monday", Japan, South Korea, and Turkey triggered the circuit breaker mechanism; the seven giants of the US stock market evaporated $1.3 trillion in market value at the opening;
2. When the market fell, BlackRock, MicroStrategy, Grayscale, and Fidelity did not sell Bitcoin during the market decline; on the contrary, many institutions continued to increase their positions. This is the difference between professional institutions and retail investors, because the market has not reached the top and the market trend has not disappeared;
3. Wintermute, Jump Crypto and other 5 market makers have transferred more than 130,000 ETH to CEX in the past two days;
4. Trump warned the current government not to sell the Bitcoin it holds;
5. Arkham: BlackRock, MicroStrategy, Grayscale and Fidelity did not sell Bitcoin during the market decline;
Hedge fund giant Capula holds about $420 million worth of Bitcoin spot ETF;
ARK Invest purchased about $14.81 million of Coinbase yesterday Stocks;
Australia Monochrome Spot Bitcoin ETF hits record high today;
6. Fed Goolsby: Employment data is lower than expected, but no signs of recession have been shown yet;
Fed Goolsby: It is not the Fed’s job to react to one month’s employment data;
Fed Goolsby: If the economy worsens, the Fed will take steps to fix it;
7. CoinShares: $528 million flowed out of digital asset investment products last week;
Market:
Yesterday, the market was still wailing, and today we are looking at a bull market?
I am optimistic about the trend from the end of the year to next year, but not the current trend.
It may be the best trend for Bitcoin to return to around 4, and then go sideways for a few months.
Don’t be afraid of a sharp drop, and don’t be afraid of a slow rise.
ETH2100 is very safe, and the others are not safe.

"Diving"
"He woke up and checked his account, saying he went diving at the beach, but he didn't bring a diving suit or an oxygen tank."

"He woke up, checked his account, and said he was going downstairs to buy cigarettes. He didn't take the stairs or the elevator."

From ETH, let's look at the extremes of BTC and SOL.
BTC is extremely oversold by 40,000, while SOL is around 80.
I hope this won't happen, it's too difficult.

The Qing Dynasty is going to fall! No one can escape.

8.4 Lab Daily:
1. The total net outflow of BTC spot ETF is 237 million US dollars, and the net asset ratio reaches 4.63%;
2. The total net outflow of Ethereum spot ETF is 54.27 million US dollars;
3. 10x Research: If the US economy deteriorates, Bitcoin may fall below 50,000 US dollars;
4. Santiment: This decline is comparable to the decline in early July, but the same enthusiasm for buying on dips is not currently seen;
5. Paxos released PAXG June Transparency Report: Reserve gold rose slightly to 185,852.614 troy ounces;
6. The total market value of stablecoins fell by 0.33% in the past week;
Market:
This year is really a desperate market time. The regular army's operation is indeed different, breaking all the inherent logic of previous years.
In the past, you had a chance to get rich, but now your pattern is 99% zero.
BTC directly hit the starting point of last week. I have to admit that the market trend is weak.
I hope it can hold up at 60,000, otherwise there’s really no way to see the bottom.

Laboratory daily report on August 3rd:
1. Trump suggested using cryptocurrency to solve the US debt problem;
2. The U.S. stock market lost more than $879 billion today; U.S. stocks generally fell, with Intel falling as much as 29% on a daily basis;
3. Arkham: Mark Cuban received $19.9 million in ETH from bankrupt company Genesis;
4. 3AC liquidators sued Zhu and Davies for liability for the collapse of their crypto hedge fund;
5. What U.S. stock investors are thinking about now is not the issue of interest rate cuts, but the issue of economic recession;
6. Genesis Global also completed its reorganization on Friday and has now begun distributing assets worth approximately US$4 billion. Mark Cuban’s address has also received approximately US$20 million in ETH.
7. The proposal to burn 30% of $JUP has taken effect. If passed, approximately $3 billion of $JUP will be burned;
8. Data from @BitcoinMagazine shows that Bitcoin mining difficulty now reaches a record high.
Quotes:
Yesterday, Bitcoin first attracted bulls and then directly suffocated. Wall Street became more and more bullish after trading. #BTC

The benefits we have seen are actually delayed.
Bitcoin hit a low of $60,505 yesterday, which happened to be the rising point last week. It can be seen as temporary support and there is a certain demand for a rebound.
ETH is weaker, and Sol follows the trend of Ethereum more.

Lab Daily on August 2:
1. It is the second quarter financial report month in the United States. Let's take a look at CB and MicroStrategy today: Coinbase Q2 financial report is about to be released, with revenue forecast to be $1.37 billion, exceeding market expectations; MicroStrategy's second quarter financial report shows that the company had a net loss of $102.6 million in the second quarter, with a loss per share of $5.74.
The loss was due to the company's provision of $180.1 million in impairment charges for its Bitcoin holdings.
MicroStrategy was not idle in July. The company acquired an additional 169 BTC at a price of $11.4 million in July, bringing its total Bitcoin holdings to 226,500 BTC, worth about $14.7 billion.
2. BlackRock BUIDL Fund's dividends hit a record high of $2.12 million in July, and the cumulative dividends have exceeded $7 million since its launch in March;
3. Cypherpunk has increased its holdings of 23,000 SOL since mid-July, and reduced its holdings of 110 BTC and $5.6 million of Animoca Brands shares;
4. Santiment: Traders are generally bullish on top cryptocurrencies in August;
5. Jupiter announced that the proposal to "reduce the supply of JUP tokens" has now started voting;
6. The Bank of England has cut interest rates for the first time in more than four years;
Market:
BTC is supported at the support level of around 6.3, and the decline has temporarily come to an end. Without other negative factors, it is still mainly bullish in the near future.

Lab Daily Report on August 1:
1. On the Fed side, the Fed kept interest rates unchanged and revised the statement to fit the recent calls for rate cuts, but still retained the wording of "no rate cuts until there is greater confidence in inflation";
Powell said that this meeting had an in-depth discussion on rate cuts, and if the data meets the requirements, the rate cut will be made as early as September;
According to CME Fed Observation: The probability of the Fed cutting interest rates in September is 100%;
2. U.S. Senator Cynthia Lummis of Wyoming formally proposed the "Bitcoin Strategic Reserve Act", which will instruct the U.S. government to establish a reserve fund for this scarce decentralized asset;
3. Futu Securities International (Hong Kong) will launch cryptocurrency trading services on August 1;
4. The market value of stablecoins has reached a nearly 2-year high, and liquidity is pouring into the crypto economy, but the market does not seem to show an increase in liquidity. Where is it flowing?
5. @GMX_IO starts on-chain voting to "change the income distribution model to repurchase and distribute GMX"; (UNI will not be defined as a security by the SEC!)
6. Jupiter Lianchuang: JUP distribution will be publicly reviewed every 6 months, and token sales will be fully disclosed;
Market:
Yesterday's Federal Reserve interest rate meeting showed that there is a high probability of a rate cut in September, which should actually be considered a positive.
Gold and US stocks both rose, but only BTC fell.
Sometimes it seems difficult to judge whether BTC follows the US stock market.
Now there is no need for negative news for the decline, just smash it directly.
Focus on the support position of Bitcoin around 6.3~6.35, which is likely to withstand.
The reasons for continued bullishness are probably halving, interest rate cuts, ETF approval, etc.