🔎Market Overview:

BTC is fluctuating, with outflows from spot ETFs. The market lacks hotspots.

U.S. stocks are rising as the market awaits the CPI data on the 15th.

💡Market Highlights:

Meme leader PEPE and AI leader AR are performing strongly, with four consecutive weeks of gains. A whale has purchased PEPE.

GMX, a DeFi project, is rising. The GMX futures trading platform has moved to the Solana chain. The overall trading volume on Solana chain DEXs exceeds the combined volume of ETH, BSC, ARB, OP, and BASE chains.

Meme coins MAGA and Donald Tremp are surging. Presidential candidate Donald Trump supports crypto; MAGA's market cap has reached $400 million, entering the top 200 by market value.

Eigenlayer's re-staking is available for collection, and the off-exchange futures price predicts a market cap of $12 billion, potentially starting trading by the end of September. Staking Eigen to Puffer nodes can earn Puffer points.

Binance’s MegaDrop platform will launch BounceBit (BB) today. BB is a BTC re-staking protocol planning to engage in futures-spot arbitrage similar to ETHENA. BB's TVL is $1 billion, with a total supply of 2.1 billion, and the market predicts a valuation of around $2 billion. Three months ago, in February 2024, its VC funding round was valued at approximately $60 million.