The Crypto market returned to a downward trend this week. Bitcoin fell sharply this week, mainly affected by the Mtgox compensation distribution incident. The actual volatility of Ethereum is weakening, which means that the negative impact of the spot ETF "Sell News" is rapidly decreasing, which is beneficial to forward prices.

In the past week, the prices of Bitcoin and Ethereum fell after the interest rate meeting, while the volatility and trading volume of these two cryptocurrencies increased after the interest rate meeting on August 1. Bitcoin's funding rate rebounded slightly from a low level, which may reflect the gradual recovery of market participants' leverage sentiment towards Bitcoin.

Focus on on-chain data and review daily news.

Surpassing the "Bitcoin ETF", the Ethereum ETF is gaining more favor from traditional institutions.

In July, the total adjusted on-chain transaction volume of Bitcoin and Ethereum increased by 31.8% to $445 billion.

Go back to the past and make your own choices.

BTC fell below $63,000 in the short term.

This month, the price of Bitcoin has experienced a "roller coaster" trend, which is more driven by emotions. The long-term trend represented by the Bitcoin spot ETF remains unchanged.

After Trump gave a speech in support of digital currency at the Bitcoin 2024 Summit on Sunday, news broke the next day that the US government had transferred a large amount of Bitcoin. Investors bought a large number of put options on ETH 2 AUG for protection, while selling a large number of call options in the middle and front ends.

Movement’s current interaction strategies include participating in Galxe tasks, on-chain interactions, and hackathons.

This is a different storyline from BTC a few months ago.

Since its listing, the price of ETH has fallen by 4.05%.

Various new concepts are coming: new asset type LAT, fully homomorphic encryption...

Ethereum spot ETFs launched in the United States have been popular among investors, with eight funds seeing net inflows exceeding $1 billion.

This article introduces Puffer Finance's Based Rollups solution, which uses ETH mainnet validators to implement a decentralized sorter, reduce transaction costs, enhance security, and introduce a pre-confirmation mechanism to improve user experience.

Many token holders are willing to become validators to earn rewards.