24.08.07 Some important market information summary: (Note that the market is highly sensitive, use less leverage, and safety first)
🔹 The Bank of Japan said that it will not raise interest rates if the market is unstable, so don't panic.
🔸 SOL/ETH hit a record high, and we will see if SOL/BTC will also break the record.
🔹 August 8 is International Cat Day, which may drive the popularity of cat-related MEMEs: $WEN $MEW $POPCAT $NUB $KEYCAT $BAG $MOG $CAT
🔸 The US Treasury will repurchase $46 billion in bonds by the end of October, and it seems that they have also started to "bottom-fish".
🔹 Baby Doge will be launched on Solana on September 5.
🔸Drift Protocol reached a daily trading volume of $1 billion when the market plummeted, and there will be a token governance proposal in August.
🔹 $ENA - The founder hinted that there will be a major announcement this week (possibly involving deployment on Solana).
🔸 $OMNI - New product release
🔹 The Ronin network was reminded by white hats that the bridge had a vulnerability. Fortunately, the funds are safe, but the bridge needs to be "patched up" first.
🔸 Spectral is about to launch Syntax V2 - $SPEC