Daily digital currency dynamics summary (2024-07-12)

1. JPMorgan Chase: The crypto market is expected to rebound in August, and liquidation activities are expected to end this month.

2. The cryptocurrency speculation index shows that the speculative sentiment that prevailed in Q1 has dissipated, indicating that the bull market may restart.

3. The trading volume of stablecoins on centralized exchanges hit a 7-month low in June, but the total market value rose.

4. The US House of Representatives failed to overturn Biden's veto of SAB 121-related resolutions.

5. Source: Ethereum ETF issuers are eagerly waiting for the US SEC to provide details on the final documents.

6. The chairman of the US CFTC urged Congress to take action as soon as possible to formulate cryptocurrency regulations.

7. Viewpoint: Compliance and risk management of cryptocurrencies are crucial in the next few years.

8. US SEC Commissioner: There is fraud in the cryptocurrency market.

9. Viewpoint: If the poor performance of US stocks evolves into a broader adjustment, cryptocurrencies may fall further.

10. Data: Nine out of ten crypto holders are keen to vote for candidates who support cryptocurrencies.

11. Analysis: The decline of ETH in early July led to the liquidation of more than $300 million in long positions, and investors are less likely to sell in the short term.

12. Solana ETF may be approved by mid-March 2025 at the latest. #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币