A few days ago, Powell made it clear at the Jackson Hole Central Bank Annual Meeting that it was time for a policy shift, which means that the Federal Reserve is about to start cutting interest rates. The market expects that the probability of the Federal Reserve cutting interest rates in September is 100%. The difference is whether it will be a 25% cut or more.
The cycle of interest rate hikes and maintaining high interest rates has ended, and the cycle of interest rate cuts is about to begin. Let's analyze the impact of interest rate cuts on the market. These are the issues that people are most concerned about in the backstage comments. As usual, try to express your views and provide arguments as concisely as possible, and don't make long speeches.

Yesterday, UneMeta founder, @Ann_tyrion, shared a tweet on X, sharing her mental journey in exploring the integration of Web3 and the IP industry. Unlike many project parties, she did not blindly tell a grand narrative, but revealed her exploration of this industry and her continuous enrichment of her beliefs between the lines. She sincerely talked about her persistence and thinking in the face of doubts and challenges. This sincere attitude is particularly moving.
Regarding the relatively "niche" track of cultural IP, she said in the article that "IP is not just a number measured by economics, but also a memory, bond, and understanding in growth." Through actual cases, such as cooperation with heavyweight directors and top animation companies, she demonstrated how Web3 can bring a new promotion model and fan interaction method to the IP industry, so that fans are no longer just silent supporters, but become co-creators and beneficiaries on the road of IP growth.

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Covalent Network (CXT) has recovered its staked CQT percentage to over 20% after migrating its stake from Moonbeam to Ethereum.
Covalent Network (CXT) added five new network operators in Q2, growing the BSP set by 36%, increasing the potential for the protocol’s staking supply.
Covalent Network (CXT) rewarded operators a total of $990,000 in the second quarter, an increase of 83% from the previous quarter.
In Q2, Covalent Network (CXT) launched a rebranding campaign to focus more on AI and long-term data availability on Ethereum. In addition, the company raised $5 million to expand operations in the Asia-Pacific region and successfully transitioned its CQT token to the newly launched CXT token (addressing the potential threat of Nomad hacker CQT holdings).

The large-scale Asian Blockchain Summit 2024 (ABS2024) will be held at the Taipei Nangang Exhibition Center from August 6 to August 8. The theme of the summit is "Prospering in the Plural World of AI and Web3". The conference brings together leaders and developers in the fields of blockchain and AI from around the world to discuss the most forward-looking technologies and the future of decentralized governance.

Roam (formerly MetaBlox, hereinafter referred to as Roam), an important partner of this conference and the world's leading decentralized wireless network (DeWi) ecosystem builder, will bring its latest generation of hardware products and future project plans to the summit to show attendees its huge potential and unique advantages in the global WiFi roaming network.

I saw someone asking why the market fell so sharply in the past two days, so I will briefly share my views on the market. I will not lay a lot of groundwork and will directly express my views.

1. There have been more rebounds, from 53 to 68, BTC has rebounded nearly 30%. Technically, it has entered the strong pressure range, and the pullback is also normal.
2. The U.S. stock market fell. In fact, the U.S. stock market has been falling recently, and the correction is not small. However, the crypto market did not follow the decline of the U.S. stock market in the past few days because of the previous oversold and the positive situation of Trump's election. With the arrival of the earnings season, Tesla, ASML and other companies performed below expectations and their stock prices plummeted, driving the U.S. stock market index to fall, and the currency market could not hold up and was driven to pull back.

Now everyone is most concerned about two points: Has the market hit bottom? What should we buy if we want to buy at the bottom?
The current market problem is the market pessimism caused by fundamentals (declining expectations of interest rate cuts + rising expectations of recession). The main players and retail investors of the copycats are all stampeding, causing most of the copycats to fall sharply.
Judging the top and bottom of the market is a prediction of the market. No one is a prophet, and everyone makes judgments based on their own analysis of the market. The right or wrong analysis is not important, what is important is whether you dare to bet based on your own judgment, and whether you dare to admit defeat if you are wrong. If you guessed right but dare not bet, will it be useful to give you a certificate in the end?

The market has adjusted recently. Although different varieties peaked at different times, taking Bitcoin 717XX on June 7 as the highest point of this round, the pullbacks of Bitcoin (10%), Ethereum (13%), BNB (20%), and SOL (25%) are very normal adjustments in the bull market.

What is unusual is that a large number of altcoins generally experienced a 40-60% correction, and 30% was considered relatively strong. So what happened to altcoins, and is there still the altcoin season we are looking forward to?

First, let’s analyze the reasons for the sharp drop in the Shanzhai market:

1. The cryptocurrency market is becoming more and more like American stocks. Currently, the stock index of the US stock market continues to hit new highs, but only some large technology companies are supporting the market, especially the three giants Apple, Microsoft, and Nvidia, which continue to hit new highs. Most small-cap stocks are doing very badly, including some large companies in non-tech industries. The stock prices of these companies are also not ideal. In recent years, the participants in the cryptocurrency market have become more and more professional, and the right to speak has gradually shifted to European and American capital. Therefore, the market style is becoming more and more like American stocks, which is the core.

Every leap in technology is reshaping the world, and in recent years, leapfrog technological innovation has once again triggered profound changes, that is, artificial intelligence (AI).
Artificial intelligence has surpassed all previous technical concepts and has become the next huge wave after the Internet. From self-driving cars to personalized recommendations, from machine learning to generative large language models, AI has gradually penetrated into every aspect of our lives, and has also triggered extreme social attention and investment booms.
Industries and enterprises are actively looking for ways to use AI to improve efficiency. They all understand the value of AI and look forward to using it to improve their productivity and competitiveness. However, the application of AI is not easy, and enterprises must initially invest a lot of resources, including time, manpower and funds, to build and maintain it.

UneMeta Ecosystem is a long-established Web3 digital asset platform that has attracted much attention from the crypto market and the animation IP market. It aims to build a bridge between real-life art IP and NFT art communities to promote inclusiveness and diversity in the Web3 community. It also hopes to create an inclusive and intersecting metaverse community based on the ecosystem's first-class product experience and platform attributes.

As a pioneer in promoting the Web3ization of anime IP, one of UneMeta's ecological advantages is that it has established in-depth cooperation with a number of top anime IPs, and it is also the only Web3 platform with many successful cooperation cases with Japan's top animation IPs.

Abraham and the Three Angels - Gaspare Diziani

The market has not been doing well recently. It started to adjust after Bitcoin broke through a new high in mid-March, and it has been adjusting for two months now. Many altcoins have pulled back by more than 50%, many inscriptions and runes have lost liquidity, Binance's new coins have lost their wealth-creating effect, and have reached their peak since they went online and have begun to fall endlessly.
Although the market rose yesterday thanks to the news of Ethereum ETF, it remains to be seen how sustainable it will be. One thing is certain: even if it passes, the incremental value and boost to the market will certainly not be as good as Bitcoin ETF.

There are many tracks in the crypto market, such as public chain, AI, RWA, re-staking, DePin, GameFi, etc. There is usually a rotation phenomenon between the tracks, and each sector will have a period of strength, that is, when hot spots appear, a large amount of funds will flow in. For ordinary investors, it is necessary to observe the dynamics of these sector rotations and find opportunities to participate.
Looking ahead to future market conditions, the sports and football sectors should be our key focus.
From June to August, there will be a series of major sporting events, including the European Cup (June 14 to July 14), the America's Cup (June 20 to July 14) and the French Olympics (July 26 to August 11). Before and during the games, the relevant tracks will definitely attract market attention, which is a definite hot spot.

Chain games are blockchain + games, which refers to game products built on blockchain technology. The biggest difference between them and traditional games is that the decentralized nature of blockchain has a natural confirmation of the player's assets, so the player's assets in the chain game exist as the player's personal assets. Compared with GameFi, the scope of chain games is wider, that is, as long as the game product has completed the data on the chain, it can be called a chain game.
Another interpretation of blockchain games is Token+Game, which is the financialization of GameFi games. Use stablecoins or mainstream coins to buy characters or props. Obtain project tokens within a certain period to make profits. The essence is similar to mining, but after combining with games, it has complex scenarios, unlocking conditions and higher profit margins.

In February this year, we made an outlook on the DePIN track, focusing on analyzing how to choose good participating targets among the many DePIN projects, among which we highlighted the relatively promising MetaBlox (now renamed Roam, and has been migrated to Solona).
Roam aims to build a decentralized global wireless WiFi roaming network supported by users, allowing users to seamlessly connect to more than 3.5 million OpenRoaming WiFi access points and provide users with enterprise-level WiFi roaming services.
After Roam completed a strategic round of financing of US$5 million at the end of 2023, it welcomed a heavyweight investor "Samsung Next".