The Federal Reserve has basically confirmed its September rate cut. BTC has led to a sharp drop in the overall market. BTC and ETH spot ETFs both saw significant net outflows last week. The continued low gas level on the ETH chain shows low market sentiment, and there is no sign of a rebound in the market.

All the contradictions are due to the urgent need to increase the user and ecological scale of Layer 2.

In this article, we will take a deep dive into EigenDA, exploring the unique mechanisms that make up its design while also examining the competitive landscape to analyze how this market sector is likely to play out.

Bitcoin’s market capitalization and height raise questions about Ethereum’s relative weakness, but Ethereum’s potential for innovation cannot be ignored.

In the past week, the prices of Bitcoin and Ethereum fell by -1.68% and -3.63% after rising sharply. After a brief rise, the prices of both fell back to a low level of intensive trading.

July PCE data is about to be released, which may provide a basis for the speed and extent of the Fed's interest rate cut

"This is part of the Ethereum Foundation's fund management activities. The Ethereum Foundation has an annual budget of approximately $100 million, which is mainly used to pay grants and salaries. Some recipients can only accept legal tender." She also mentioned that this ETH transfer does not mean a sale, and there may be a planned gradual sale in the future.

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In the past day, the price of BTC rose 4% to $61,000 during the Asian session, but fell sharply to $59,000 during the US session, giving up all the gains of the day. In fact, a large amount of funds have flowed out of BTC ETF in the past three days...

Focus on on-chain data, daily news summary

In the past 24 hours, BTC continued to fluctuate around $59,000. After the second bottoming out, it is currently stabilizing. DOGS has been quite popular after TGE, and the price of the currency has risen against the trend.

Is the Ethereum Foundation a “top-escape master”?

Perpetual contract funding rates have hit bottom, Ethereum's poor performance has put it under short-term short-selling pressure. How can we gain profits in a highly volatile market?

In the past day, the price of Bitcoin has fallen rapidly, falling below 59,000, causing more than 100 million US dollars in long liquidations. The realized volatility of 70%+ during the day and the price run destroyed liquidity, greatly pushing up the pricing of short-term options, but the back-end implied volatility remained relatively stable...

Compared with Solana, if it is a disease, it must be treated (with 4 suggestions for application developers).

The whales began to deploy September and October call options.