(1) Market trend: The market is currently in a downward trend, and the decline in BTC prices has led to a general decline in altcoins. The stage of market rebound has come to an end. At the same time, the US stock market fell overall, and technology stocks were generally frustrated. Market concerns that Japan may continue to raise interest rates have exacerbated market uncertainty.

(2) Market hot spots: 1. DOGS in the TON ecosystem: DOGS is a meme coin in the TON ecosystem with a market value of approximately US$700 million. Although there is a certain amount of short squeeze performance, the overall performance is average. A similar ecological coin NOT suffered a sharp decline.

2. The strong rise of NULS: NULS, an early old coin launched in 2017, has recently risen sharply due to the opening of BN's new contract. The recovery of NULS has attracted market attention.

3. The pullback of market leaders: The early market leaders such as RARE and SUN have taken the lead in starting to fall. The overall liquidity of altcoins is insufficient and the market performance is poor.

4. Unisat's Fractal BTC plan: Unisat plans to launch Fractal BTC, a BTC L2 sidechain, on September 9. It is expected that 80% of the tokens will be distributed to the community, of which 50% will be used for POW mining. At present, the participation of the test network address has reached 10 million. $DOGS $TON $NULS