1⃣ Bull mode! $ETH price has surpassed $4,600 — just under 5% from its all-time high. The total cryptocurrency market capitalization reached a record $4.1 trillion as the July CPI met expectations, increasing the likelihood of a September rate cut, while US stock indices continuously hit new highs.
2⃣ $SOL breaks out — reaching $193. Tokens in the ecosystem surge strongly; potentially a trend-catching move or a meme coin fever driving chain activity.
3⃣ ETH Foundation sells — The related wallet has liquidated 2,794.87 $ETH (~$12.78 million) in just 2 hours.
4⃣ $PUMP activity — After token generation event (TGE), the team sold 86,000 $SOL (~$16.28 million). Last week, they bought back $8.42 million $PUMP; market capitalization briefly exceeded $4 billion.
5⃣ $ENA surpasses $0.80 — Increasing about 4 times from its dip. Ethena becomes the 6th DeFi protocol to reach TVL over $10 billion; the power of the ETH ecosystem is the main driver.
6⃣ BitMine expansion — The "big player" storing ETH plans to issue additional shares worth up to $20 billion. Daily trading volume reaches $9.273 billion, ranking 7th in the US stock market.
7⃣ Cryptocurrency supports Trump's empire — His crypto investments have generated $2.4 billion, accounting for 43.5% of his political career's total assets.
8⃣ Stablecoin battle — Circle will launch a public testnet for ARC L1 (supporting EVM, gas fees in $USDC) this autumn. Meanwhile, Stripe and Paradigm introduce the Tempo chain for payments.
9⃣ $XMR drama — Monero drops due to 51% attack rumors. Qubic temporarily controlled 52.72% of hashrate; claims it was only a technical test, not a malicious attack.
🔟 Leverage warning — Top altcoin perpetual contract Open Interest (OI) reaches $47 billion peak. High leverage means strong correction risk when the bull market ends.
🔟1⃣ AI market summary:
— $BTC fluctuates between $117,000–$119,000; whales compete for strong buy/sell positions; caution needed with capital flow.
— $ETH remains stable thanks to whale leverage and ETF capital flow.
— Altcoin performance diverges; funds prioritize ETH and select tokens; potential short-term catch-up surge.
— Macro factors (CPI) cause short-term volatility; market sentiment is cautious but leaning optimistic.
