Banana Gun is an innovative platform focused on protecting users from Maximum Extractable Value (MEV) bots and common scams and exploits such as carpet pulls and sandwich attacks. In addition to providing protection against malicious bots, the Banana Gun bot also gives traders greater flexibility through automatic interception, automatic limit orders, and manual redemptions.
The native cryptocurrency of the Banana Gun platform is BANANA, an ERC-20 token based on the Ethereum blockchain. BANANA was launched in 2023 to incentivize active community participation. Its main features include governance rights, rewards to token holders through a revenue sharing program, and community engagement features such as exclusive chats for holders. In addition, the $BANANA token also has a Banana Burn feature, which allows users to access additional features of the platform by burning tokens.
BANANA is a deflationary token with a maximum supply of only 10 million, which is much lower than the token supply size commonly seen in the crypto industry. The current total supply is about 8,900,000, the circulating supply is about 2,420,000 (27% of the total token supply), and the circulating supply after listing is expected to be 3,220,000 (36% of the total token supply). This limited supply ensures the scarcity of the token, which provides some support for its price.
The deflation mechanism is an important feature of $BANANA. Banana Gun plans to destroy a total of 1.1 million tokens, accounting for 11% of the maximum supply of the token. Today, the official destroyed another $8.6 million worth of tokens, accounting for 2% of the total supply. This move immediately pushed the price of $BANANA up by 25%, making it the top gainer. As more tokens are destroyed, the scarcity of BANANA will increase further, which may have a positive impact on its market performance.

Bitcoin’s halving mechanism has been an important event in the cryptocurrency market and one of the key factors driving price increases. Let’s take a look at historical and future halving dates and their impact on the market.
Bitcoin has experienced three halvings since its birth in 2009.
The first halving occurred in November 2012, when the block reward was reduced from 50 BTC to 25 BTC.
The second halving occurred in July 2016, further reducing the block reward to 12.5 BTC.
The third time was in May 2020, when the block reward was halved again to 6.25 BTC.
On April 20, 2024, the fourth recent halving, the block reward will be reduced to 3.125 BTC.
Judging from historical data, the price of Bitcoin has experienced significant increases after each halving. For example, during the 2012-2013 bull market, BTC prices soared from $12.4 to $1,170, an increase of 9,335%. From 2016 to 2017, the price increased from $680 to $19,400, an increase of 2,753%. In 2020-2021, the price increased from $8,590 to $66,708, an increase of 676%.
The main reason why the halving has a boost to Bitcoin prices is because it reduces the supply of new BTC, thereby lowering the inflation rate and reducing potential selling pressure on miners. Existing BTC holders tend to view the halving as good news as it means a reduction in supply, while demand usually remains or increases.
In the future, Bitcoin is expected to experience multiple halvings. At the current rate of block generation, the next halving is expected to occur in the first half of 2028, when block number reaches 1,050,000. Bitcoin is expected to complete its final halving in the 2130s, when the supply of new Bitcoins will be close to zero.
It is worth noting that the launch of spot Bitcoin ETFs may change the traditional market cycle pattern. With more traditional investors able to easily purchase BTC, the market could see an explosive rally before the halving or sooner after. This change may break the previous cyclical pattern and make the market reaction more complex and difficult to predict.
Overall, although we cannot accurately predict the exact impact of each halving, it is certain that halving events will still be an important driving force for the Bitcoin market in the future.

Bitcoin ($BTC ):
The market has rebounded slightly in a V-shape after a round of oversold, but the pressure from above is relatively large and it is in a sideways adjustment stage. It is expected that after testing the support below, the market will continue to rise. Therefore, the subsequent operation recommendation is mainly low-long.
Operation recommendation:
Bitcoin (BTC):
Entry point: long at the current price of 58500-59000
Target point: 60500-61500
Stop loss: 57500
Ethereum ($ETH ):
Entry point: long at the current price of 2600-2630
Target point: 2700-2800
Stop loss: 2580
Focus:
This week, investors need to pay special attention to the upcoming US inflation data, including the July Producer Price Index (PPI) released on Tuesday and the Consumer Price Index (CPI) on Wednesday. These data will have a significant impact on market sentiment and price trends. Especially in the context of the current uncertain economic situation in the United States, the market's expectation that the Federal Reserve may cut interest rates in September will affect the trend of BTC and ETH. Therefore, investors should remain vigilant when operating and pay close attention to the release of economic data and market reactions.

Currently, $SOL is trading at $154.32. It successfully tested the $127 support level this week and rose by about 2% in the past day, with a trading volume of $4.781 billion. Now that the price of SOL is hovering around the key support/resistance level of $155 and the market volatility is increasing, it may be a good time to invest in SOL to welcome the next bull market.
From a technical perspective, SOL's simple moving average (SMA) shows a bullish convergence trend, and the market's buying pressure on SOL is increasing. In addition, the MACD indicator also continues to decline in the red histogram, indicating that bullish forces are accumulating and the future outlook is optimistic.
So, will the SOL price rise back to $200 in August this year? If the market can keep SOL above the support level of $155, bulls may regain the upward momentum and target the resistance level of $181.50. If SOL can maintain above this level, it may challenge the upper resistance level of $200 in the coming weeks.
However, if the bears regain dominance, SOL may test the $155 support level again. If the bulls fail to hold this support level, the price of SOL may fall to a lower support level of $127 this month. The next direction of the market will be very critical.

$BTC short, the target is 59000, if it falls below, it may go to a lower point.
It may fall further in the short term (1-2 weeks).
The geopolitical situation has not yet reached the most tense time: the current global situation, especially in the Middle East, may cause major events at any time. Iran may take action, and Hezbollah in Lebanon is also looking for opportunities to attack Israel. In addition, the new hard-line leader of Hamas, Sinwar, came to power, and the situation became more tense. In this case, BTC, as a risky asset, is unlikely to rebound quickly in the short term, and may fall again due to major conflicts.
Japan's interest rate hike has weakened BTC buying: In the past, Japan's low interest rates allowed many people to borrow money to buy BTC and other high-yield assets, but now that interest rates have been raised, this operation has become uneconomical, resulting in a weakening of buying power. It is estimated that BTC will fluctuate back and forth in the range of 59500-62000 during the weekends. Short-term operations can be flexibly dealt with within this range by selling high and buying low.

Currently, $SOL Solana ranks fourth in market capitalization, with the price rebounding from a low of nearly $110. What a dramatic turnaround! SOL's price is now fluctuating between $154 and $156, showing a delicate balance between bullish momentum and continued bearish pressure.
SOL has been performing quite well recently, surging 10% in the past two days and jumping to fourth place in terms of trading volume. This rise comes after SOL experienced a severe correction, with the value falling by more than 50% in less than a week. However, the current market structure shows that market sentiment may be shifting, with sales volume significantly reduced.
The recovery of SOL's price is also similar to the trend of Bitcoin and Ethereum, which once fell below the $120 support level and hit a low of $109. But recently SOL has begun to recover, with the price breaking through the $120 and $135 resistance levels and rising above the 50% Fibonacci retracement level of the $184 high to $109 low.
Now the hourly chart of SOL shows that the price is facing resistance near $156, a level close to the 61.8% Fibonacci retracement level of the $184 high to $109 low. Next, the main resistance level is $166. If it successfully breaks through and stabilizes above this level, it may rise further and may even reach $195.
But if SOL fails to break through the $155 resistance level, it may fall again. The initial support level is $140, and the main support level is $135. If it falls below this point, it may fall further to $122. How will the market develop? Let's wait and see!

Ethereum ($ETH ) 2292-2380 can be more directly, and the target should focus on 2490-2550. Despite the overall market uncertainty, the Ethereum ETF quickly rebounded after falling sharply at the beginning of the week, turning weekly trading volume into positive territory. Tuesday’s price recovery shows the formation of a bullish trend, with many traders looking for it to break above the $3,000 mark.
The ETH ETF, which has underperformed since its launch in July, has recently regained momentum. On Monday, net inflows reached $49 million, a significant improvement from Friday’s $54.3 million. The continuation of this positive flow helps boost investor confidence, increase demand for ETH, and support the upward price trend.
Ethereum’s price action is worth watching after the price broke above $2,500. After successfully holding the support level of $2,100, traders began buying heavily, pushing the ETH price to rebound. This is also confirmed by the change in the Money Flow Index (MFI) from oversold to neutral territory. A daily close above $2,500 is currently needed to validate the bullish trend, with targets at $3,000 and beyond.
Notably, IntoTheBlock’s IOMAP model shows strong support between $2,292 and $2,368, with approximately 1.7 million addresses purchasing nearly 50 million ETH in this range. These holders are unlikely to trade in the short term. Sell ​​within, betting on a long-term rebound.

Recently, the U.S. stock market crashed, which also had a huge impact on the cryptocurrency market. The price of Bitcoin has dropped from $69,000 last week.
The current market is experiencing rapid deleveraging, especially when AI concept stocks are very popular. Investors in leveraged ETFs often use 2 to 5 times of leverage to buy AI concept stocks. When the price collapses, it will fall as fast as Bitcoin contract trading.
There are multiple reasons for the rapid withdrawal of funds. First, the earnings week of technology stocks has raised questions about the profitability of AI. Second, the Japanese government announced an interest rate hike to 0.25%, which led to the appreciation of the yen. Traders who previously borrowed yen to buy dollars sold stocks and withdrew funds to Japan, causing stock prices to fall rapidly. This decline obviously did not take into account the fundamentals, but was caused by the rotation effect of funds. The July manufacturing index released last week was lower than market expectations, which triggered concerns that the U.S. economy would fall into recession and accelerated the withdrawal of funds from the capital market.
Although the recent transfer of Bitcoin wallets by the U.S. government is considered one of the key factors in the decline of Bitcoin prices from $68,000 to $64,000, this impact is actually limited. The US government has been on record selling Bitcoin many times, and they usually sell it over the counter (OTC) to avoid market volatility.
Currently, the leverage level in the cryptocurrency market is much lower than that of US stocks. The previous violent fluctuations have cleared a lot of leverage, so the crypto market is more resilient. If the US economy really declines, #美联储降息 may cut interest rates, which is a positive factor for Bitcoin prices. The cryptocurrency market is now a good time for long-term layout, and if prices continue to fall, it will be a good opportunity to enter the market.
There are several major catalysts that may lead the crypto market to rebound:
Approval of Bitcoin and Ethereum spot ETFs: This will attract traditional investors to the crypto market, improve market liquidity, and increase capital inflows.
Macroeconomic changes: If the global economy is unstable, gold prices rise, and the US dollar weakens, risky assets such as Bitcoin may benefit.
Re-establishing key support: If Bitcoin can establish key support levels, the market may rebound.
SEC vs. Ripple lawsuit: If Ripple obtains a favorable result in the lawsuit, it will be another catalyst for the market to pick up

$BTC Bitcoin bottom-fishing strategy: Bitcoin price falls below $48,000 to be an ideal bottom-fishing position. This price range may provide a relatively safe buying point, especially after market sentiment calms down.
Expectations of Fed rate cuts: The market generally expects that the Fed may make an emergency rate cut within a week. If this expectation comes true, it may ease the tension in the financial market to a certain extent and promote a market rebound. Rate cuts themselves are generally seen as a factor that is good for the financial market because it reduces borrowing costs and encourages investment.
Risk-averse operations: Due to market uncertainty and high volatility, many investors choose to short or short hedge to reduce risks. Some investors also choose to sell spot at high levels to avoid further market fluctuations.
Contract trading risks: Contract trading with large positions is extremely risky, especially in the current market volatility. Data shows that the market liquidation amount exceeded US$1 billion today, and the cumulative liquidation amount in the past two days reached US$2 billion. This reminds investors to be extra cautious when conducting contract transactions, especially in the case of high leverage.

$SOL Solana's price action shows some uncertainty, especially after the news that the Federal Reserve postponed the rate cut, the overall market sentiment has become more cautious. In the past 24 hours, the price of SOL has fallen by more than 9%, and the current trading price is around $118.20, falling below the previous key support level of $122.
One of the reasons for this decline is the market's concerns about the number of SOL tokens that FTX may hold. According to reports, FTX holds about 46.5 million SOL tokens, accounting for 8% of the total supply, and these tokens may trigger market selling pressure in the future. In addition, global economic uncertainty and geopolitical tensions have also had an adverse impact on the price of SOL. For example, the recent sharp drop in Bitcoin and the Federal Reserve's decision to postpone the rate cut have increased investor concerns.
Although the SOL price is currently low, some analysts believe that this may be a temporary sign of a pullback. Technical indicators show that SOL's RSI has entered the oversold zone, which usually indicates a potential rebound opportunity. However, the overall market trend remains bearish.

Ethereum $ETH price has fallen below the previous low, and the current rebound should focus on the range between $2945-2975. If Ethereum can stand above $2975, then a 1-hour rebound may begin. During the rebound, it is necessary to pay attention to the resistance levels of $3005-3043 above. If the price does not rebound to these positions, the market may not rise rapidly in the short term.
If the rebound fails to stand, we will focus on the $2900 position to see if it can hold up. If $2900 cannot hold up, Ethereum may continue to fall, and the support levels below are $2863, $2820 and $2793.

Solana ($SOL ) has an interesting market performance. The price of SOL is now fluctuating between $150 and $193.78, with a monthly increase of 22.61%, and the overall trend is still stable. However, technical indicators show that the rise may slow down a bit, but this may be a good opportunity for investors who want to enter the market. After all, once the resistance levels of $202.50 and $225.32 are broken in the future, the price of SOL may still have a lot of room to rise.
But it is worth noting that SOL also has some potential risks. For example, FTX Estate currently locks up a large amount of SOL (about $7.6 billion), some of which will be gradually unlocked in 2025 and later. This means that there may be a lot of selling pressure in the market, especially when the market is not good.
In contrast, Ethereum ($ETH ) has a much more stable market performance, whether it is the impact of ETFs or the stablecoin lock-up volume (TVL), which far exceeds Solana. Moreover, many transactions on Solana are completed by robots, which is not healthy for the market.
In general, Solana is indeed very popular now, but in the long run, the risks are not small. ETH is relatively safer.

Recently, the memecoin market has performed poorly, with its market value falling for several consecutive days. According to CoinMarketCap, the total market value of memecoin has dropped by 21.5% in the past 10 days, from $54.7 billion on July 22 to only $42.91 billion on August 2. At the same time, the total daily trading volume of memecoin has also dropped by 21%.
Among them, Mog Coin (MOG) has seen the largest drop in market value, with a 12% drop in the past 24 hours. It is followed by Book of Meme ($BOME ), which has fallen by 9%, and WIF, which has fallen by 6%. The largest memecoin in the market, $DOGE , also fell by 2.5% to $0.1131 on the day, with a market value of $16.43 billion, accounting for nearly 62% of the total memecoin market share. $SHIB also performed poorly, with a price drop of 2.13% on the day and a market value of $8.86 billion, firmly ranking as the second largest memecoin.
Overall, the weakness in the overall structure of the altcoin market has affected the performance of memecoin. According to data from Cointelegraph Markets Pro and TradingView, the total altcoin market capitalization (TOTAL2) fell from a high of $1.031 trillion on July 22 to a low of $942 billion on August 2, a drop of 13%. The RSI during this period also fell from 51 to 35, indicating that market conditions are more inclined to the downside.
In addition, memecoin's trading volume has been decreasing since the beginning of March. It fell sharply from a high of $998.55 million in March to $138.25 million in the week ending July 14. Although it recovered to $246.5 million between July 15 and July 21, it fell again by 28.8% in the following week and is currently $175.3 million. Coupled with the fact that about 99% of the memecoin on Pump.fun could not be successfully launched, the bearish sentiment in the market was further exacerbated.

Bitcoin $BTC suffered a massive sell-off in the morning of August 3, and the price fell rapidly, breaking through the $63,000, $62,000 and $61,000 levels in succession, reaching a low of $60,517. Other mainstream cryptocurrencies such as Ethereum, Binance Coin and Dogecoin also fell, with 24-hour declines of 6.84%, more than 5% and 6.8% respectively. The total market value of the entire cryptocurrency market fell by nearly 4%, evaporating more than $88 billion (Bitsgap) (CoinMarketCap).
Factors leading to this decline include the selling of investors holding a large amount of Bitcoin, especially since Bitcoin hit $70,000, the change in the holding structure of these investors. In addition, approximately $2.34 billion in Bitcoin options and $577.2 million in Ethereum options will expire today, which also exacerbated market volatility. The expiration of Bitcoin options with a maximum pain point of $66,000 may lead to increased market volatility, while the maximum pain point of Ethereum is $3,300 (Blocklr).
Despite the downward pressure on the market, analysts pointed out that the market may be approaching a critical point of recovery.

Is it time to buy the dip? Judging from the recent price action, $PEPE may benefit from the positive expectations of Ethereum ETF. Currently, PEPE is consolidating in a tight range, which is usually a precursor to a sharp rise in price. The overall bullish sentiment of the market towards cryptocurrencies also provides potential upside for PEPE.
This positive market atmosphere is partly due to the development of the political situation, such as Trump's announcement of plans to make the United States a global cryptocurrency center. He said he would fire Gary Gensler, chairman of the U.S. Securities and Exchange Commission, and appoint a more supportive head of cryptocurrencies. This political support is expected to improve the regulatory environment and promote innovation and growth in the cryptocurrency field.
In this context, meme tokens such as PEPE are expected to benefit. If PEPE breaks through the current resistance level of $0.0000130 and is accompanied by strong trading volume, it may trigger a sustained bullish trend. The next target price may be $0.0000139, and even a new high is expected.

Bitcoin Strategic Reserve Act
On July 31, U.S. senators formally introduced the Bitcoin Strategic Reserve Act, which aims to establish a national reserve for this scarce decentralized asset. The bill will establish a "decentralized secure Bitcoin vault network" managed by the U.S. Treasury Department and require lawmakers and officials to develop strict cybersecurity and physical security measures to ensure the safety of Bitcoin reserves.
In a statement, the Wyoming senator pointed out that in the current context of soaring inflation and high national debt, it is a bold move to create a better future for future generations by establishing a strategic Bitcoin reserve. Although Lummis acknowledged that the bill may be difficult to pass before the 2024 election, she believes that the increasing political attention to Bitcoin reserves marks a paradigm shift.
The bill is the most aggressive Bitcoin adoption proposal proposed by the U.S. government to date, and although the prospects are still unclear, it is expected to legalize Bitcoin as an economic asset. Lummis is optimistic that other Bitcoin-related bills may be passed this year.
The bill emphasizes the advantages of Bitcoin as an asset in the digital age, similar to the importance of gold reserves to national financial security in history. It also states that having a large Bitcoin reserve can strengthen the financial condition of the United States, hedge against economic uncertainty and monetary instability, and put the United States at the forefront of global financial innovation.
The bill has received support from politicians including Robert Kennedy. Robert Kennedy Jr. proposed buying 500 Bitcoins per day until a reserve of 4 million Bitcoins is accumulated.

Simon's Cat, the greedy and funny cat, is about to launch its own meme coin! The token will be issued on August 8th, in cooperation with $FLOKI , BNB Chain and DWF Labs. Part of it will be airdropped to $$FLOKI
holders, and the other part will be given to Simon's Cat users who use the Floki trading robot. This is the first major cat memecoin on the BNB chain!
Simon's Cat has over 20 million fans on YouTube, Facebook and Instagram, and the publicity effect is absolutely great! The current market value of cat memecoin is 2.9 billion US dollars. Although it is less than the 36 billion US dollars of dog memecoin, this publicity will definitely help it greatly increase its influence!

From a cyclical perspective, August will be a critical node, and there may be large seasonal fluctuations. Bitcoin is expected to usher in the "golden September and silver October" in September and October, and may even break through $100,000. The United States will release the CPI report in August, which will have an important impact on Bitcoin. At the same time, the transfer of compensation from Mt.Gox may cause market panic and lead to price fluctuations.
Although Bitcoin may rise sharply, the overall performance of the altcoin market is poor. The main reasons include: changes in the transmission of fund liquidity after the approval of ETFs, the continuous unlocking of VC tokens brings selling pressure, and the blood-sucking effect of new projects. However, cryptocurrency market optimists such as Rich Rosenblum of GSR believe that altcoins will return strongly.
The 100x potential cryptocurrencies currently favored in the market include $FLOKI , $ADA and $ATOM . FLOKI has attracted much attention because it has the same name as Tesla CEO Musk's pet dog; ADA plans to usher in the Voltaire era through the upcoming Chang hard fork; and ATOM is highly anticipated for its unique position in blockchain interoperability

Bitcoin is about to break 70,000!
The Bitcoin market staged a shocking "washing" action over the weekend. After the two-way explosion, the price successfully broke through the previous high, and the momentum was strong, with no signs of falling back. After four months of shock consolidation, the previous pressure level of 70,000 to 73,000 is no longer a threat, and it is expected to usher in a sharp rise in a few weeks, setting a record high. This is the fifth time Bitcoin has hit the key position of 70,000 points since March.

First of all, Trump's speech in the early morning yesterday provided us with an excellent testing opportunity. The dealer used Trump's speech to touch the trend line twice to test the selling pressure in the market. Although the amplitude is small, this point can be understood by old leeks, so I won't repeat it.
More importantly, when Trump was speaking, Bitcoin did not really break through 70,000 in large volume, and the hourly line amplitude was low. If I were a dealer and wanted to cheat, I would definitely use this speech to pull up sharply above 70,000, and then fall to cut leeks. However, this is not the case, which shows that the dealer does not want floating chips. Judging from the rebound and pull-up after the big drop in early July, I don't think the dealer is cheating this time. Especially at the position of 70,000, the dealer needs to spend a lot of real money to break through, and will not waste time and money here. They spent so much money to prepare for the breakthrough, indicating that the goal of Bitcoin at $100,000 is about to be achieved, witnessing the violent bull market!
Bitcoin is expected to reach the historic mark of $100,000 by the beginning of 2025. From 2015 to 2017, everyone's slogan for Bitcoin was 100,000. Now, Bitcoin is about to arrive at this station. Although many people who shouted slogans have already got off the bus, in the future, there will be people getting on and off at every stop. Perhaps only Satoshi Nakamoto will accompany Bitcoin to the end

Four major sectors are worth paying attention to recently
Meme sector Meme coins often perform well in the bull market. Coins such as $PEPE , $PEOPLE , and $WIF can often achieve a 5-fold or even 10-fold increase in a short period of time when the market starts. Low-market-cap sats and bome also have great potential. The newly launched Meme coin may even achieve a 100-fold increase.
AI sector AI technology is leading the third technological revolution, and the AI ​​sector will definitely be an indispensable investment hotspot in the future. Coins like io, combined with AI and Solana ecology, have great potential. With the advent of the AI ​​era, there will be many opportunities in this field.
SOL sector SOL is the third in the crypto market. It has a good story background and ETF speculation expectations, which has attracted the attention of big-name funds. Its ecological related currencies JUP and BOME are also worth paying attention to.
RWA sector The digitization of real assets is the future trend, and many large institutions have already heavily invested in RWA. Although the development is slow, it has great potential, and it is necessary to pay attention to related currencies such as ONDO, PENDLE, and MKR.
Overall, the inscription track has great potential in the medium and long term, ordi is cost-effective, and sats may have more potential. The ETH pledge of the Ethereum spot ETF in the later stage is also worth paying attention to. In the L2 track, OP has shown resilience, and SSV and ENS can continue to be held in the short term.