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Although the expectation of interest rate cuts in September has decreased, it has not completely fallen through; the performance in August may become a key variable that needs to be continuously monitored. Tomorrow's tariff negotiations are expected to conclude, which may cause further market disturbances, and during pullbacks, it could be a good opportunity to position in Spot.
The current market mainline is clear: the resilience of varieties with ETF application progress and support from crypto consortia is highlighted, which is highly consistent with previous thinking. The SEC's implementation of the Spot ETF rules further confirms that these types of assets, which are supported by dual factors, may not necessarily create a wealth effect in the second half of the year, but their long-term value far exceeds that of unsupported varieties, making them worthy of special attention.
The current market mainline is clear: varieties with progress in ETF applications and support from encryption consortiums are showing resilience, aligning closely with previous thinking. The implementation of SEC Spot ETF rules further confirms that such targets, which have dual support, may be difficult to determine whether they can generate wealth effects in the second half of the year, but their long-term value far exceeds that of varieties lacking support, and they deserve special attention.