Last Night’s Crypto Highlights — Catch up fast

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When I woke up, these hot topics were all over my screen: US stocks plummeted, and crypto assets followed suit; the second round of the Trump-Musk quarrel began; the ETH Foundation was scary, and continued to transfer 1,000 coins every day...

In the past 24 hours, the three most discussed things on the Internet are:

1. The tokenization of U.S. stocks is irreversible! Robinhood has entered the on-chain U.S. stock market. Nvidia, Tesla, Circle, Strategy (MSTR) and other leading U.S. stocks can be traded directly on the chain. The market is worried about the blood-sucking of the crypto funds, and the liquidity of Altcoin is even thinner;

2. The second round of the Musk-Trump quarrel begins! Musk blasted the "Beautiful Bill" for encouraging the president to abuse his power and threatened to establish a new party. Trump countered that the government efficiency department should "hit" Musk, and Tesla's stock fell 5%;

3. The U.S. Senate passed Trump's "Beautiful Big Bill", and the U.S. House of Representatives will debate and vote on the "Beautiful Big Bill" on Wednesday. The bill is believed to help boost asset prices. However, the crypto tax incentive clause was not included.

Here are more "don't miss" industry news:

1. Cryptocurrency stocks in the U.S. fell across the board, with Robinhood down 1%, Coinbase down 4.3%, and Strategy down 7.6%. Only Circle rose 6.2%. The U.S. stock market is still a sentiment risk indicator, and crypto assets followed suit;

2. MAV surged nearly 100% yesterday. Its team-related address was revealed to have deposited $5.99 million worth of funds into CEX. The price of the currency plummeted, erasing all gains.

3. The SOL pledgeable ETF that was hyped yesterday was revealed to be a "transitional version" and its liquidity is not comparable to that of the BTC spot ETF. SOL fell back accordingly;

4. Since June, the Ethereum Foundation has transferred 1,000 ETH to multiple addresses every day. The reason is unknown and there has been no secondary transfer. It is purely scary.

5. Leading Pharmaceuticals plans to acquire all the shares of Conflux. CFX rose by more than 10% in a short period of time, and has wiped out all the gains. The two founders of Conflux are both executive directors of Leading Pharmaceutical Biotechnology, and they are very good at playing;

6. WLFI recently announced that it will hold a TGE. According to a report, WLFI is valued at only US$1.452 billion to US$1.672 billion, which is far below community expectations.

7. U.S. Treasury Secretary: The Federal Reserve will definitely cut interest rates in September at the latest;

8. The SEC may be working on formulating universal listing standards for cryptocurrency ETFs. Analysts believe that this is beneficial to the launch of Altcoin ETFs.

9. Listed companies increased their holdings of 131,000 bitcoins in the second quarter, with holdings increasing by 18%. U.S. stocks continue to soar in #BTC reserves;

10. The first USDT-based Layer 1 network Stable released a roadmap, and old projects in the stablecoin track are worth paying attention to;

What other things do you think are worth paying attention to? Leave a message and share with everyone.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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