The on-chain derivatives market is cold: three consecutive weeks of decline, risk appetite quietly changed The on-chain derivatives market has changed suddenly. According to DefiLlama data, trading volume has suffered a Waterloo for three consecutive weeks, indicating that the market risk appetite is quietly cooling down. This week, the figure has even fallen to a low of US$5.11 billion, which may hit a new low in weekly trading volume since the beginning of 2023. The macroeconomic haze is shrouded in uncertainty, the outcome of the US presidential election, the escalation of tensions in the Middle East, and the expectation that the Federal Reserve may maintain interest rates unchanged, together weave a complex emotional web that affects investors' decisions. However, there is light at the end of the tunnel in adversity. In 2024, the average monthly trading volume of the on-chain derivatives market soared 357% year-on-year, demonstrating the vigorous vitality of the decentralized derivatives market. The rise of newcomers such as Blast and Hyperliquid has injected fresh blood into the market and promoted its continued expansion. But it is worth noting that despite the strong momentum of decentralized platforms, their trading volume is still far behind that of centralized exchanges. Take Binance as an example, its 24-hour trading volume is as high as 46.2 billion US dollars, while the total trading volume of decentralized platforms only accounts for about 11% of it. The gap is obvious. In this contest between tradition and innovation, the evolution of the market structure is still full of variables.
Powell speaks at Jackson Hole, the suspense of September rate cut will be revealed next Friday The global financial market is paying attention. Fed Chairman Powell will deliver an important speech at the Jackson Hole Economic Symposium hosted by the Kansas City Federal Reserve at 10 pm Beijing time next Friday. As the highlight of the annual economic event, this appearance is at the critical interval between the Fed's July and September interest rate meetings, which undoubtedly dropped a bombshell on the market. Powell's speech has always been a weather vane for insight into the direction of the Fed's policy. Last month, he released positive signals, suggesting that if inflation continues to fall and the labor market remains stable, a rate cut may be possible at the September interest rate meeting. This trip to Jackson Hole is undoubtedly another authoritative tone for his view on the current state of the US economy and the future monetary + communication Junyang: 954737157 policy path. Global investors hold their breath and wait for every word of Powell, because this may directly determine whether September will usher in the Fed's interest rate cut, which will have a profound impact on the global financial market. Next Friday, all the suspense will be revealed!
HSBC warns: US stocks enter "sell-off" mode, S&P 500 may fall another 10% HSBC's latest strategy report was released in a shocking manner. Its exclusive stock cycle model reveals that the US stock market has quietly entered the "sell-off" track, indicating that a one-month adjustment storm is brewing. Historical data shows that under this model, the average decline of the S&P 500 index is as high as 10%, which makes the market nervous. HSBC strategists Duncan Toms and Max Kettner jointly spoke out, clearly pointing out that the current US stock correction trend has not been exhausted and there is still room for further decline. Although they admit that the "sell-off" period has always been short and may bring investors an opportunity to tactically increase their holdings, they emphasize that when + communication Junyang: 954737157, the market sentiment is low and the signal to buy on dips has not yet appeared, warning investors to remain cautious and wait for the opportunity. This remark undoubtedly dropped a bombshell on the market, triggering widespread attention and discussion.
IRS new version of crypto tax form draft unveiled: simplifying process and soliciting public comments The U.S. Internal Revenue Service (IRS) recently launched an updated draft of cryptocurrency tax form 1099-DA, aiming to optimize the tax filing experience for crypto brokers and investors. This update not only simplifies the content of the form, but also specifically sets aside a 30-day feedback period for the public, and sincerely invites all walks of life to provide valuable opinions on the new version of 1099-DA. IRS officials emphasized that the new version of the encrypted tax form is designed to "bring unprecedented convenience and clarity to taxpayers." Compared with the first draft in April, the new version has been significantly slimmed down, removing the wallet address and transaction ID items that caused privacy disputes, and simplifying the transaction time recording requirements. It only needs to be marked + communication Junyang: 954737157 date. . This adjustment has been widely praised by the industry. Drew Hinkes, a cryptocurrency attorney at K&L Gates Law Firm in Miami, praised the new form as “significantly reducing the burden and the amount of data required to be reported is significantly reduced.” As the digital currency market becomes increasingly mature, the IRS's move will undoubtedly pave a clearer and more convenient path for tax compliance in the crypto field. It also demonstrates the regulator's high regard for and active response to public opinions. $CVP $BETA $HOOK #美联储何时降息? #加密市场反弹
Ki Young Ju, the leader of CryptoQuant, recently revealed an important data: the average cost of mining bitcoins in the United States is approaching the $43,000 mark. This data not only reflects the current cost structure of the mining industry, but also indicates the break-even point faced by mining companies in the volatility of the cryptocurrency market. Specifically, Marathon Digital, a well-known company in the industry, has recently released its second quarter 2024 financial report, showing that the company's mining cost per bitcoin is exactly $42,969. This figure is obtained through careful calculations, taking into account the company's operating hash rate, energy consumption and expenses per gigahash per day, and the average number of bitcoins successfully mined per day. Marathon Digital's cost data, as a microcosm of the industry, further confirms the current high-cost environment for mining bitcoins in the United States. As the cryptocurrency market continues to evolve, mining companies need to continuously optimize their operating strategies to meet cost challenges and ensure profitability in a highly competitive market. The transparency of mining costs also provides an important reference for investors and market participants, helping them better understand the dynamics and trends of this industry. $GFT $WIF $AI
BTC traders set bottom target prices Recently, predictions about the bottom price of Bitcoin (BTC) have become the focus of market attention. Many well-known traders and analysts have given their opinions, but the specific numbers vary depending on the analysis angle and basis. Ki Young Ju, founder of CryptoQuant, set the bottom target price of BTC in the demand range of $45,000 to $55,000, which represents the cost basis of "mining companies" and "Binance traders" respectively. He believes that this cost basis tends to support prices during bull markets, but if it falls below this range, it may confirm the arrival of a bear market. On the other hand, Scott Melker, a well-known analyst, is more pessimistic and believes that the price of Bitcoin may fall below $45,000 before September. This prediction is based on the bets of Polymarket traders, who predict that the probability of falling below $45,000 before September is as high as 45%, and this sentiment soared to 65% during the early European trading hours. In addition, there are analysts such as Tuur Demeester who pointed out that BTC is trading slightly above $51,000 and believe that the demand zone of $45,000 to $40,000 + exchange Junyang: 954737157 may be BTC's technical downside target. BTC traders have different opinions on the setting of the bottom target price, but generally believe that the price may face further downward pressure in the short term. Investors should pay close attention to market dynamics and make decisions based on personal risk tolerance and investment strategy. $GFT $AMB $BTC #加密市场反弹
Will the rebound of altcoins bring something new this time? Although the wheel of history does not repeat its trajectory, the past cyclical laws - Bitcoin took the lead, followed by altcoins competing for beauty, and the subtle role of the macro economy in between - still paved the way for the rise of altcoins. However, this turn may contain changes. Optimistically, Bitcoin (BTC) and Ethereum (ETH) have successfully crossed the threshold and entered the mainstream through exchange-traded funds (ETFs), attracting an unprecedented influx of retail and institutional funds, injecting new vitality into the entire cryptocurrency market. But cautiously examined, the altcoin field is experiencing unprecedented competition, with a wide variety of types and projects. Many new entrants use airdrops and other means to limit initial circulation, laying the seeds for future dilution + exchange risks. In this competition, only those leaders with a solid technical foundation and the ability to attract developers and users to build an ecosystem can stand out in this cycle and achieve real prosperity. Therefore, although the cycles are similar, the details and results may be very different, and the future of altcoins is waiting for a new chapter. $AMB $FXS $GFT #美国政府转移BTC
Lonely left: The political winds of the crypto industry As Donald Trump shows a positive attitude towards digital assets, the cryptocurrency investor community is full of expectations and joy that the United States may welcome the first president who supports cryptocurrencies. This trend has exacerbated the industry's declining tolerance for political diversity and formed a clear rightward trend. Trump's speech at the Bitcoin Conference in Nashville, which made "making the United States the cryptocurrency capital of the earth" as a campaign promise, further ignited the industry's enthusiasm. From industry executives to everyday traders, most people stood on the side of the Republican government and shared the optimism of Trump's policy vision. In this political feast, Gemini's Winklevoss brothers, BitGo's Mike Belshe, Messari's former CEO Ryan Selkis, and well-known venture capitalists Marc Andreessen and Ben Horowitz have become representatives of the cryptocurrency field in the Trump camp. However, in sharp contrast, the voices in the industry that support the Democratic Party or hold dissidents seem unusually weak, partly because of the online violence and isolation that may be faced by publicly expressing such positions. Selkis himself was controversial for his radical remarks on election issues and eventually chose to resign as CEO of Messari. This incident further highlighted the tense atmosphere of political differences within the industry. In the world of cryptocurrency, the change in political direction is quietly reshaping the industry's ecology and structure. $BOME $XRP $BTC #美国政府转移BTC #美联储何时降息?
A new chapter in blockchain investment: the dual recovery and innovation of the L1 and L2 markets Recently, the blockchain investment field has re-emerged as the industry focus after several eye-catching financings. Although the L1 (first layer) market seems to be saturated, the successful financing of companies such as Monad (received $225 million in financing) and Berachain (received $100 million in funds) has injected new vitality into the market like a shot in the arm, and the scale of financing is close to the peak in 2022. Even more impressive is that the total investment in the entire industry has nearly doubled compared with the same period last year, demonstrating the market's continued confidence and enthusiasm for blockchain technology. At the same time, Rollup (second-layer expansion solution) is not to be outdone, and its cumulative financing amount is comparable to that of the basic chain. This achievement is due to the continuous innovation and breakthroughs in the Rollup field. It is particularly noteworthy that although Ethereum L2 solutions and their underlying technology applications have always occupied the center stage of the market, the rise of alternative virtual machines and chain deployment technologies is quietly changing the industry landscape, showing + communication Junyang: 954737157 investors' strong interest in emerging technology paths. As pioneers, Bitcoin and Solana's exploration and attempts in this field have undoubtedly set a benchmark for the industry, indicating that the blockchain ecosystem will be more diversified and prosperous. $CVP $CVX $BOME #比特币大会 #美国以太坊现货ETF开始交易
Breaking News: Trump may announce the US government's plan to buy Bitcoin, Kennedy's candidacy is exposed in advance The US political and economic fields are making waves again! According to independent presidential candidate Robert F. Kennedy Jr., President Trump may announce a major decision in the near future - the US government will buy Bitcoin as a strategic reserve asset. This news is like a bombshell, instantly causing ripples in the cryptocurrency world and the global financial market. Kennedy said that he has obtained reliable information showing that the Trump administration may officially launch a plan to buy Bitcoin in the near future, and the number may reach millions. This move will undoubtedly push Bitcoin's international status to a new height. If this plan comes true, it will not only mark a fundamental change in the US government's attitude towards Bitcoin, but may also lead a new round of craze in the global cryptocurrency market. The market responded enthusiastically, and investors speculated + communicated Junyang: 954737157 The strategic considerations behind Trump's move and its far-reaching impact on the global economic landscape. As Bitcoin gradually becomes the focus of global attention, all walks of life are paying close attention to the Trump administration's subsequent actions, and look forward to this historic decision to bring new changes and opportunities to the global economy and finance. $STMX $CTXC $CVP #比特币大会 #美国大选如何影响加密产业?
There are indeed multiple voices and different expected ranges regarding Ethereum price predictions, which reflects the complexity and uncertainty of the cryptocurrency market. First of all, it should be clear that any prediction of cryptocurrency prices is highly speculative and uncertain, because the cryptocurrency market is affected by many factors, including but not limited to market sentiment, technological progress, regulatory policies, macroeconomic environment, and broader financial market dynamics. As a leader in blockchain technology and smart contract platforms, Ethereum's price is not only affected by the technical level, but also closely related to the growth of its ecosystem, the popularity of DeFi (decentralized finance) + communication Junyang: 954737157, the rise of the NFT (non-fungible token) market, and the progress of key upgrade projects such as Ethereum 2.0. The speed and results of the development of these factors directly affect the value and market demand of Ethereum. In addition, different investors and participants have different views and expectations on the future of Ethereum. Some may value its technical potential and long-term growth prospects more, while others may focus more on market fluctuations and trading opportunities in the short term. This difference leads to diversity and disagreement in price predictions. As for how high Ethereum will rise, this is indeed a question that is difficult to give a definite answer. However, judging from the current market trends and fundamentals, the Ethereum + Exchange Jun Yang: 954737157 ecosystem is growing and improving, and its technical potential and application prospects are still very broad. Therefore, in the long run, the price of Ethereum is expected to continue to rise. However, how high it can rise depends on the combined effect of multiple factors and market reaction. In short, for the price prediction of Ethereum, we should be cautious and rational, and do not blindly follow the trend or listen to the so-called "expert" predictions. When investing in cryptocurrencies, we need to do sufficient research and risk assessment, and make reasonable decisions based on our investment goals and risk tolerance. $CVP $IRIS $STMX #美国以太坊现货ETF开始交易
VanEck's shocking prediction: BTC may soar to $2.9 million in 2050, reshaping the future of finance VanEck's latest research report was released, predicting that under the current trend, the value of Bitcoin (BTC) will soar to a staggering $2.9 million per coin by 2050. This prediction is based on the widespread adoption of BTC as a global medium of exchange and reserve asset, heralding a major change in the international financial system. The report pointed out that if BTC successfully handles 10% of global international trade and 5% of domestic transactions, and attracts central banks to reserve 2.5% of BTC assets, its total market value will reach $61 trillion. At the same time, the rise of BTC L2 solutions will solve scalability issues and help it better integrate into the global financial system. However, BTC's rise has not been smooth sailing. Challenges such as surging energy demand, transaction fee balance, crypto asset competition and government regulatory policies may affect its development. But VanEck emphasized that BTC's immutable property rights and neutral monetary policy make it have the potential to become the cornerstone of the future financial system. This report not only brings hope to the blockchain industry, but also reveals the key role of BTC in the future financial landscape. With the continuous advancement of technology and changes in the international environment, the future of BTC is worth looking forward to. $BETA $STMX $BNX #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业?
$STMX $CVX $COTI .Okto: Reshaping the Web3 experience, middleware solutions lead a new era of decentralized applications In the vast universe of Web3, Okto is like a shining new star, with its unique middleware solutions, it has opened a path to simplification for developers and end users. Okto is well aware of the complexity of the blockchain world, so it has carefully built an end-to-end orchestration layer (Orchestration Layer) to abstract the cumbersomeness and obscurity of Web3, while facing the three major fragmentation problems of liquidity, technical standards and user experience, bringing developers and users an unprecedented smooth experience. Okto's orchestration layer consists of three core components: Okto Appchain, Decentralized Wallet Network (DWN) and Decentralized Trading Network (DTN). Okto Appchain, as a leader in middleware chains, cleverly coordinates the flow of transactions without directly holding user assets or total locked value (TVL). The security and scalability behind it are deeply rooted in the solid trust of the underlying blockchain. The powerful combination of Bloc Hub and the unified application development API provides developers with unprecedented convenience and efficiency. The introduction of the decentralized wallet network (DWN) brings unprecedented security and flexibility to users. It supports a unified wallet account escorted by MPC (multi-party computing) technology, realizes user-permission-based delegated signatures, and can easily control both EVM and non-EVM chains, making users' digital asset management safe and convenient. As for the decentralized trading network (DTN), it is the think tank for cross-chain transaction management, responsible for coordinating and handling every subtle link of user operations, from nonce management to gas fee estimation, and then to data indexing, all of which are excellent. The existence of DTN makes cross-chain transactions as smooth as flowing water, and every operation of the user can be executed accurately and without error. Okto's vision is to realize the ultimate goal of chain abstraction through this innovative orchestration layer. It is not only a technical solution, but also a deep insight and careful layout of the future of Web3.#美国以太坊现货ETF开始交易 #美国大选如何影响加密产业?
Bitwise took the lead in layout, and the exclusive webpage of spot Ethereum ETF was launched, and the marketing war was about to start! With the good news that the US spot Ethereum ETF was officially approved, the cryptocurrency market was boiling again. At this critical moment, Bitwise responded quickly and took the lead in launching its exclusive webpage for spot Ethereum ETF, marking the official start of the marketing "war" initiated by ETF issuers. As a leader in the industry, Bitwise's move not only demonstrated its keen market insight and efficient execution, but also highlighted its deep confidence in Ethereum and the entire cryptocurrency market. The launch of this exclusive webpage not only provides investors with a comprehensive and convenient channel for obtaining information, but also provides strong support for them to deeply understand and participate in Ethereum ETF investment. With the continuous development of the market and the increasingly fierce competition, we have reason to believe that this marketing "war" led by Bitwise will inspire more innovative sparks and promote the cryptocurrency market to a more mature and standardized direction. At the same time, we also look forward to more outstanding ETF issuers to join this feast and create more value for investors together. $CTK $AEVO $AKRO #拜登退选 #美国大选如何影响加密产业?
[Market shock] Biden Meme coin BODEN suffered a Waterloo, plummeting by more than 60% in a single day! The currency circle suddenly changed. Biden-themed Meme coin BODEN suffered a heavy blow today. The price was halved and fell below the psychological defense line of $0.01 in one fell swoop. The current trading price has fallen to $0.009301, which is astonishing. In the past 24 hours, BODEN's decline has reached an astonishing 60.9%, which has attracted widespread attention and heated discussions in the market. This plunge not only caught investors off guard, but also once again highlighted the high volatility and uncertainty of the cryptocurrency market. Meme coins are a special existence in the field of cryptocurrency, often accompanied by high risks and high returns, and BODEN's experience has undoubtedly sounded the alarm for investors. Faced with such drastic market fluctuations, market analysts have said that investors should remain calm and look at market changes rationally, and should not blindly follow the trend or chase ups and downs. At the same time, some people pointed out that the plunge of BODEN may be just part of the adjustment of the cryptocurrency market, and the future trend still needs further observation. In short, the plunge of Biden Meme coin BODEN + communication Junyang: 954737157 Once again remind us that although the cryptocurrency market is full of opportunities, it also hides risks. When investors participate in the market, they must make full risk assessment and preparation to avoid unnecessary losses. #美国大选如何影响加密产业? $CVP $BETA $TIA
Bloomberg suggests: Britain should consider selling $5 billion worth of Bitcoin reserves Recently, a tweet from Bitcoin Archive sparked widespread discussion. The tweet quoted Bloomberg's view that the British government should consider selling its Bitcoin reserves worth up to $5 billion. This suggestion not only touches on the role of digital currency in the global economy, but also triggers in-depth thinking on national digital currency strategies, asset allocation and risk management. Bloomberg's remarks may be based on a comprehensive consideration of the current global economic situation, the volatility of the cryptocurrency market and the UK's own fiscal situation. As the cryptocurrency market becomes increasingly mature and complex, governments are becoming more cautious about whether to hold and how to manage such assets. As an important member of the global economy, the UK's disposal decision on its Bitcoin reserves will undoubtedly have a certain impact on the global financial market. However, whether to sell Bitcoin reserves is not an easy task and requires weighing multiple factors. On the one hand, as an emerging digital asset, Bitcoin has the potential for high returns, but it also comes with high risks. On the other hand, the government's original intention of holding Bitcoin may be to diversify asset allocation, promote financial innovation or explore the regulation and governance path of digital currency. Therefore, before making a decision, the British government needs to comprehensively evaluate the pros and cons of Bitcoin reserves, as well as the impact of the decision on the domestic economy, financial stability and international image. Bloomberg's suggestion provides the British government with an issue worth pondering. With the accelerated arrival of the digital currency era, how governments manage their own digital asset reserves will become $G $RAY $BONK #以太坊ETF批准预期 #美国大选如何影响加密产业?
Biden may announce his withdrawal from the 2024 US presidential election this weekend? The sudden increase in pressure within the party has caused speculation Recently, there has been heavy news in the US political arena. Several senior Democratic Party officials privately revealed that under the continued pressure from congressional Democrats and close allies, US President Biden may announce his withdrawal from the 2024 presidential election as early as this weekend. This decision not only shocked the outside world, but also once again pushed US politics to the forefront. It is reported that there is general concern within the Democratic Party about Biden's campaign prospects, especially the recent poor poll results and Biden's performance in public has raised questions. Including Senate Democratic Leader Chuck Schumer, former House Speaker Pelosi and former Democratic President Obama in + Exchange Junyang: 954737157 Many senior figures have put pressure on Biden to reconsider his campaign agenda. It is reported that Pelosi even showed Biden the poll results in private, believing that it would be difficult for him to defeat former President Trump. However, the Biden campaign team denied this, insisting that there has been no change in Biden's candidacy and campaign schedule. Biden himself has repeatedly stated that he would only consider giving up the campaign if his doctor confirms that he has health problems. Despite this, the tension within the Democratic Party continues to escalate, and many Democrats are worried that if Biden insists on running, it may harm the overall interests of the Democratic Party. At present, Biden's campaign is full of uncertainty. On the one hand, he faces tremendous pressure from inside and outside the party; on the other hand, he also needs to overcome unfavorable factors such as his age and health. Against this background, whether Biden will announce his withdrawal from the campaign this weekend has become the focus of attention inside and outside the American political circle. Regardless of the outcome, this decision will have a profound impact on the American political landscape. $MDX $STRAX $ARK #以太坊ETF批准预期 #美国大选如何影响加密产业?
The dual challenges and solutions of fund management On the journey of investment, as the scale of funds grows, every investor has to face two major problems: how to effectively control the retracement and how to ensure the rate of return under the premise of controllable risks. These two problems are like twins, closely linked. If not handled properly, not only the profits earned may be easily lost, but also the growth of funds may stagnate and the growth curve may flatten. The wisdom of our predecessors has provided us with valuable experience. For controlling retracement, they advocate the "art of short position", that is, the "Dragon-Empty-Dragon" strategy-when the market trend is unclear or the risk is aggravated, decisively short position to avoid risks and wait for the next clear opportunity to take action. Although this strategy seems simple, it actually tests the patience and judgment of investors and is an important magic weapon to protect the fruits of victory. When it comes to guaranteeing the rate of return, the predecessors tend to adopt the method of "double confirmation to push the position". In short, it is to gradually increase the position through the confirmation of the second signal on the basis of confirming the market trend, just like the second point B in my sats buying strategy, which can not only capture market opportunities, but also effectively control risks and ensure steady growth of returns. Effectively combining these two strategies and constantly applying them in practice is the key to successful investment. Remember, investment is a marathon, not a sprint. The dual drive of controlling retracement and ensuring yield will lead us to move forward steadily in the long river of the capital market. $DAR $TLM $ALICE #美国大选如何影响加密产业?
L3: The key to unlocking a new era of crypto ecology
In the vast star map of the crypto world, "L3" may be a new star that will illuminate the way forward. It is not just a technical term, but also a bridge that leads the crypto ecology to a higher level. L3, usually understood as a third-layer solution, aims to solve the core challenges of scalability, privacy protection and interaction efficiency faced by current blockchain technology.
Imagine that with the increasing popularity of crypto assets, the surge in transaction volume has overwhelmed the existing network, just like a busy traffic rush, and a new road system is urgently needed to divert it. L3 is such a "highway". By introducing more advanced consensus mechanisms, layered architectures or sidechain technologies, it has greatly improved the processing power and transaction speed of blockchain, making large-scale applications possible.
For the crypto ecology, the rise of L3 means more business opportunities and a leap in user experience. It lowers the threshold for developers to build decentralized applications and promotes innovation and integration in multiple fields such as finance, medical care, and games. At the same time, stronger privacy protection mechanisms make user data more secure and enhance the public's trust in crypto technology.
In short, L3 is a key step for the encryption ecosystem to mature. It not only solves the bottleneck at the technical level, but also lays a solid foundation for the sustainable development of the entire industry. With the continuous maturity and application of L3 technology, we have reason to believe that a more efficient, secure and prosperous encryption era is coming. $USTC $WLD $DYM #以太坊ETF批准预期 #山寨季何时到来?
"SEC Authoritative Analysis: Revealing Why These Five Tokens Are Deemed to Be Securities, Legal Boundaries Are Further Clarified" In the field of digital currency, the legal status of tokens has always been the focus of market attention. Recently, the U.S. Securities and Exchange Commission (SEC) conducted an in-depth analysis of five specific tokens in its latest announcement and clearly classified them as securities. The article "Why Are These Five Tokens Securities? SEC Gives Answers" elaborates on the basis and logic of the SEC's ruling, providing authoritative legal guidance for the industry and beyond. In the announcement, the SEC not only revealed how these tokens meet the legal definition of "investment contracts" and are then judged to be securities, but also demonstrated how they use legal tools such as the Howey test to define them through specific case analysis. This move not only draws a clear legal red line for market participants, but also indicates that the regulation of the cryptocurrency market will be more stringent and standardized. This article deeply analyzes the SEC's decision-making process and reveals the factors that regulators consider in the classification of tokens, including the economic function of tokens, the reasonable expectations of investors, and the management behavior of the issuer. At the same time, the article also discusses the impact of this ruling on the entire cryptocurrency market, including compliance challenges, strengthening of investor protection mechanisms, and rebuilding of market confidence. For digital currency investors, project owners, and industry observers, the article "SEC Authoritative Analysis: Revealing Why These Five Tokens Are Recognized as Securities, Legal Boundaries Are Clarified" is undoubtedly a valuable reference. It not only helps us better understand the SEC's regulatory thinking, but also provides useful inspiration for us to avoid legal risks and promote the healthy development of the market in the future. $PEPE $WIF $FLOKI #美国大选如何影响加密产业? #美国6月CPI大幅降温 #美联储何时降息?