1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
l U.S. stock giants led the market, Invesco and BlackRock launched Nasdaq and S&P giant ETFs
Invesco and BlackRock, two US asset management giants, have recently launched ETF products focusing on large-cap company stocks to cater to the market's pursuit of giant stocks. Invesco plans to issue a new fund called "Invesco Mega QQQ ETF" (QBIG), which will track the top 45% of companies with the highest weighting in the Nasdaq 100 Giant Index, including Apple, Microsoft, Nvidia, Amazon, Meta, Google's parent company Alphabet and Costco. This strategy is designed to attract investors who want to invest in market leaders.
Todd Sohn, ETF strategist at Strategas, pointed out that such funds meet investors' investment needs for top stocks, but also remind investors to pay attention to potential risks, because once these top stocks perform poorly, losses may occur.
In the US stock market, large-cap stocks have been outperforming. For example, an ETF under Invesco that tracks the top 50 stocks in the S&P 500 has a significantly higher return than an equal-weighted S&P 500 ETF. This phenomenon has prompted more investors to be interested in large-cap ETFs, such as the Roundhill Big Seven ETF (MAGS), whose assets have grown from $35 million at the beginning of the year to about $673 million.
Not to be outdone, BlackRock has filed an application to launch a fund that tracks the top 30 stocks in the Nasdaq 100 and the top 20 stocks in the S&P 500 to capture market trends and attract investors.
(2) Web3 field:
lFirst case! Cryptocurrency transactions between AIs will open the door to the AI economy!
Coinbase CEO Brian Armstrong announced that Coinbase has successfully conducted the first AI-to-AI crypto transaction on its development platform. This marks a historic moment in which artificial intelligence can pay each other using cryptocurrency. In this transaction, one AI purchased "tokens" from another AI. These tokens are not traditional cryptocurrencies, but words from one LLM to another LLM.
Armstrong explained that AI agents cannot have bank accounts but can use crypto wallets to make transactions. They are now able to use USDC stablecoins on Coinbase's Base Layer 2 network to make instant, global and free transactions with humans, merchants or other AIs. He emphasized that this development enables AI agents to complete tasks more independently because they can obtain the required resources through crypto transactions.
This milestone heralds the arrival of the AI economy. As AI agents gain independent transaction capabilities, they are expected to become active participants in the digital economy, driving changes in various industries and creating new economic models. Armstrong also encourages developers to integrate these crypto wallets into AI models to automate payments and transactions, further promoting the development of the AI-driven economy.
North Korean hacker group exploits Chromium zero-day vulnerability to target cryptocurrency users
Microsoft cybersecurity researchers have discovered a zero-day vulnerability in the Chromium engine, which powers browsers such as Chrome. The vulnerability was exploited by a North Korean hacker group called Citrine Sleet, which specifically targets cryptocurrency users. Citrine Sleet uses a rootkit malware called FudModule to create fake cryptocurrency trading platform websites to trick users into downloading malware or weaponized crypto wallets, thereby gaining remote code execution permissions and stealing victims' crypto assets. The vulnerability was fixed on August 21, and users need to update their browsers as soon as possible to ensure safety. This is the third Chromium zero-day vulnerability that has been exploited this year.
Mastercard plans to use tokenization technology to replace credit card numbers to reduce the risk of information leakage
Mastercard plans to cancel traditional credit card numbers and adopt "tokenization" to deal with online fraud. According to Singapore's Lianhe Zaobao, this technology replaces sensitive data such as credit card numbers with randomly generated digital sequences (tokens), thereby reducing the risk of data leakage. Mastercard CEO Miebach said that the company will expand the application of this technology and replace traditional passwords with biometric identification (such as fingerprints or facial scans) to deal with the growing problem of online payment fraud. It is estimated that by 2028, the loss of such fraud will exceed US$91 billion.
Miebach pointed out that in the past, security measures mainly relied on passwords to protect data and transactions, but this approach gradually exposed security vulnerabilities. Through "tokenization technology", even if sensitive information is illegally accessed by hackers, the real data cannot be parsed. In addition, this technology also helps companies comply with data protection regulations, such as the EU's General Data Protection Law (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). Mastercard expects that by the end of this century, all e-commerce transactions in Europe will use "tokens" instead of traditional credit card numbers.
2. Hot events
(1) Macro environment:
The reason for the decline in Nvidia's stock price is mainly attributed to the complexity of its cutting-edge chip manufacturing. Although the company reported strong quarterly sales and profits, the manufacturing difficulties of the new chips led to a decline in profit margins, and the company had to set aside $908 million in reserves in one quarter. In particular, the Blackwell architecture GPU has yield problems, and some parts need to be redesigned to improve the yield, resulting in the mass production of the next-generation Blackwell architecture GPU being postponed to the fourth quarter of 2024. In addition, the giant size and complex design of the Blackwell chip bring unprecedented manufacturing complexity. Defects in any component may cause the chip to be scrapped, affecting yield and profits. Differences in the coefficient of thermal expansion of various parts of the chip may also cause the package to warp, affecting performance and reliability. These factors work together to cause Nvidia's stock price to fall 6.4% on Thursday.
(2) Web3 field:
Starbucks has started accepting Bitcoin as a payment method in El Salvador, a move that comes after the country officially made Bitcoin a legal tender on September 7, 2021. According to reports, Starbucks and other well-known brands, such as McDonald's and pizza restaurants, have joined the trend by allowing customers to pay with Bitcoin.
In El Salvador, consumers can complete transactions using Bitcoin and the Lightning Network. For example, users can pay through the state-issued Chivo crypto wallet, which encountered some problems when it was initially launched, but then quickly gained user acceptance. A user named Mario Aguiluz shared his experience of buying coffee with Bitcoin at Starbucks, saying that the transaction process was very fast.
3. Hot topic narrative
Bridge is an emerging payment company founded by former Coinbase and Square executives, focusing on building a global payment network using stablecoin technology. Recently, Bridge announced the completion of a $58 million financing, attracting support from well-known investment institutions such as Sequoia Capital, Ribbit Capital, and Index Ventures. This financing not only provides financial support for the company, but also verifies the market's recognition of its business model.
Bridge's founding team consists of Zach Abrams and Sean Yu, both of whom have extensive experience in the field of financial technology. Abrams has held important positions in Brex, Coinbase and Square, while Yu has worked in companies such as Airbnb, Coinbase and Doordash. The P2P payment platform Evenly, which they co-founded, was acquired by Square in 2013, proving their strength and innovation in the payment field.
The comprehensive stablecoin payment solution provided by Bridge makes it the Web3 version of Stripe. Through a simple and easy-to-use API interface, Bridge helps companies easily integrate stablecoin payments, supports the issuance of their own stablecoins and realizes efficient cross-border fund transfers. The platform's Orchestration API and Issuance API enable companies to complete payment integration in minutes, reducing transaction costs and improving efficiency.
Currently, Bridge has attracted many well-known customers including SpaceX, Coinbase, Stellar and Strike. SpaceX uses Bridge to collect payments in different currencies in different jurisdictions and transfer funds to its global treasury through stablecoins. In addition, Bridge has also performed well in compliance, having obtained operating licenses in 48 states in the United States and applying for further licenses in many regions around the world.
Looking ahead, with the rapid development of the stablecoin market, Bridge is expected to lead the transformation of the stablecoin payment field. Its goal is to inject new stablecoins and fiat currencies into the flow of funds around the world and promote further innovation in financial technology. As the market's acceptance of stablecoins increases, Bridge's development prospects are worth paying close attention to.
4. Potential Catalysts
Wells Fargo, which has $1.7 trillion in assets under management, will allow its wealth advisors to recommend Bitcoin ETFs to wealthy clients starting next month. This move is expected to have a positive impact on the Bitcoin market.
Wells Fargo's decision shows that more and more institutional investors are beginning to pay attention to the cryptocurrency market. The participation of large financial institutions can not only bring in a large amount of capital inflows, but also help enhance the credibility and recognition of Bitcoin.
According to analysis, if the participation of Bitcoin ETF in the US market is comparable to that in Canada, its scale is expected to reach US$95 billion within two years. With the participation of more institutions, the inflow of funds to Bitcoin ETF is expected to increase significantly in the next few years.
2. Attention Value-Hot Projects
1. Social media hot spots
Solana has received widespread attention on social media platforms recently, and its popularity continues to rise. The Solana ecosystem has developed rapidly in recent years and has become one of the main players in the cryptocurrency market. As of 2024, Solana's TVL reached approximately US$4.8 billion, a 20-fold increase from 2023. The average daily active addresses of the Solana network reached 1.3 million, and the monthly active addresses exceeded 15.6 million, a significant increase from 2023. In the second quarter, Solana's total economic value increased by 53% month-on-month to US$151 million, showing its continued activity in the cryptocurrency market. These data show that the Solana ecosystem showed strong growth momentum in 2024, attracting more attention from developers and investors.
Key projects:
· BULLISH
Bullish is about to release mainnet, which may have a positive impact on the price. Recently, KOLs have been discussing its future development. Bullish is expected to surge with the upcoming major update, and the market sentiment is relatively positive.
EARLY
The most noteworthy thing about Early Risers is the upcoming Rocket Rewards program. Recently, everyone is optimistic about Early Risers and the market sentiment is optimistic. The most noteworthy point is that Early Risers allows investors to participate early and obtain transaction fee income. This program solves the pain points of early cryptocurrency investment.
2. Smart money builds a position
Smart money holdings
Source: ChainEDGE, Dot Labs
Project Introduction:
1. Neiro (@neiroethcto /X)
Neiro was the first to be deployed on Ethereum and came to the attention of Vitalik Buterin himself on the evening of August 4, 2024. Vitalik subsequently confirmed donating over $500 to the Animal Welfare Fund, marking his second interaction with memecoin. Neiro was initially abandoned by her owner and sent to a stray dog shelter for adoption, but was eventually fully owned and managed by the community. The community is committed to giving back, having donated to the shelters where Neiro has been, and has more charitable activities planned. Neiro is like Doge’s little sister and the heir to her legacy. Adopted by the same woman who once owned Kabosu (the dog behind the Doge meme), Neiro carries forward the true spirit of memecoin and internet culture.
2. QF (@QuantumFusion_ /X)
Quantum Fusion asks the question: Can parallel computing revolutionize blockchain? QF consists of three parts: Quantum Fusion, creating a parallel computing blockchain that aims to break the scalability and efficiency boundaries of decentralized systems; Quantum Fusion Foundation, supporting research beyond parallel computing and becoming a center for blockchain technology development; QF Labs, an incubator for blockchain concepts. They all have a common goal: to break the boundaries of blockchain technology. Together, they form a comprehensive ecosystem dedicated to creating systems that can meet and exceed the needs of the future digital world.
Smart money flows in
Source: ChainEDGE, Dot Labs
Project Introduction:
1. Mog (@MogCoinEth /X)
Mog is the first cultural coin on the internet. The idea for Mog began as a funny meme between friends, and the token was launched as a fair launch meme coin through Uniswap V2 LP in the summer of 2023. While it started as a joke between friends, when the project went live it was clear that something truly special had been created. Mog immediately distinguished itself from other projects through its open meme branding and unique content. The cultural foundation of Mog is about being the best version of yourself in anything you do - having faith in yourself, your community, and your own success.
2. POPCAT (@POPCATSOLANA /X)
Popcat is an internet meme that originated in October 2020, featuring two images of a domestic shorthair cat named "Oatmeal" in a series of videos, one with its mouth closed and another with its mouth open, with the second image edited so that its mouth is in an "O" shape.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
