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.