There’s a difference between a hot narrative and a hot sector.

The market has completed its temporary bottoming out, but the next bottom still depends on the performance in August.

When will the market see a new turnaround?

Trump is set to announce his vice presidential nominee next week, with cryptocurrency-friendly Senator JD Vance expected to be the pick.

In the past week, the prices of Bitcoin and Ethereum fluctuated upward after heavy volume at low levels, while the volatility and trading volume of these two cryptocurrencies reached their highest levels when they fell to the low point on July 5. The open interest of Bitcoin and Ethereum is declining. In addition, the implied volatility of Bitcoin and Ethereum also fell simultaneously. Bitcoin's funding rate remains at a low level, which may reflect the continued low leverage sentiment of market participants towards Bitcoin. The market breadth indicator shows that most cryptocurrencies continue to fall, indicating that the entire market has maintained a weak trend in the past week. CPI data fell, and the prices of mainstream currencies rose and fell when the data was released.

The Crypto market is in a volatile trend this week and still lacks a money-making effect. At the same time, the market lacks hot spots and the overall price performance is poor.

Focus on on-chain data and review daily news.

When more people start using L2, it could be a win-win for Ethereum and its users.

On Tuesday, Fed Chairman Powell gave a speech affirming the Fed's efforts and achievements in reducing inflation by cooling the labor market in the past. Judging from the options data, the overall IV level represented by the middle and back ends is gradually declining, especially ETH.

If Bitcoin can hold steady at the $60,000 mark, it will restore market confidence and is expected to return to its high of $70,000 in the short term.

Currently, the response to 51% attacks mainly relies on social consensus. Vitalik believes that it should be more automated to reduce social pressure.

Powell: Fed doesn't need inflation to be below 2% before cutting rates.

Overall, AVS and re-staking technology removes the burden of building an underlying trust network.

The top 10 most promising $SOL altcoins that will increase 10 to 50 times.

Gemini estimates in its latest research report that once the United States approves the Ethereum spot ETF, net inflows could reach as high as $5 billion in the first six months.

As a DEX in the interest rate market, Pendle has opened a new door for traders and arbitrage users. Although Pendle is not performing well due to the market environment, if the market shows an upward trend in the future and the prices of various tokens recover, causing YT's APY to rise, Pendle will still usher in another explosive period.