#加密货币衍生品交易# These two messages reveal that the CFTC is considering loosening its regulations on Crypto Assets spot trading. From a data perspective, this could have several significant impacts:
1. Liquidity enhancement: Allowing futures exchanges to conduct spot trading is expected to attract more institutional funds, thereby improving market depth.
2. Price discovery mechanism optimization: The integration of the Spot and derivatives markets helps to form a more effective pricing.
3. Changes in market structure: This may trigger a new round of competition between exchanges, making it worth pa

#美联储政策展望# Recently observed some interesting market trends. The options market indicators show that the long-term bullish sentiment for Bitcoin is turning neutral, which may indicate difficulties in reaching new highs in the coming months. Meanwhile, the Coinbase Bitcoin premium has returned to positive, suggesting an increase in domestic demand in the U.S. These contradictory market signals are worth following.
The key lies in the Federal Reserve's policy direction. If a rate cut occurs as scheduled in September, it will inject a strong dose of confidence into Bitcoin. However, with inflation

#加密货币投资趋势# This report reveals the astonishing distribution of Bitcoin holdings. The fact that the United States controls 40% of the supply is undoubtedly significant information, and this level of concentration far exceeds my expectations. Data shows that the United States not only leads significantly in holdings but also the strong performance of its ETF market confirms the keen interest of institutional investors.
It is worth noting that India and Europe rank second and third with shares of 5% and 4.6% respectively. Although there is a significant gap compared to the United States, it also

#RWA资产代币化# Analyzing this message, the SEC's Project Crypto in the United States may have a significant impact on the tokenization of RWA assets. The new regulations will support the issuance of tokenized securities under U.S. jurisdiction, which will undoubtedly accelerate the on-chain process of physical assets. It is worth noting that Wall Street giants and tech companies have shown strong interest in this, and a large influx of funds into this field is expected. From on-chain data, there may be a surge in token issuance and trading related to RWA in the future. It is recommended to closely

#加密货币监管政策# Recently, rumors about China once again banning crypto assets trading and mining have attracted the market's attention. After careful verification, these reports are likely to be false information. In fact, China has completely banned crypto mining activities as early as May 2021.
From the data, there has been no observation of large-scale capital outflows or a surge in exchange users within China, which indirectly confirms that the rumors may be unfounded. However, the spread of such rumors reflects the market's high sensitivity to changes in regulatory policies.
Investors are advi

#市场情绪和分析# From on-chain data, Bitcoin is under short-term pressure but the long-term logic remains unchanged. Recent US Non-farm Payrolls (NFP) data fell short of expectations, and internal divisions within the Fed have intensified, leading to a risk-averse sentiment in the market. BTC has fallen from a high of $119,800 to $112,000. The 30-day momentum has dropped to +3%, and ADX has declined to 36, indicating a weakening of bullish momentum. However, institutions are still accumulating, with over 30,000 BTC added in the past week. The options market's Max Pain remains stable at $118,000, with

#比特币市场动态# Recently observed that the Bitcoin Options market has shown some noteworthy signals. The bullish sentiment for long-dated options has clearly faded, currently presenting a neutral stance, indicating that the market's confidence in the long-term rise trend of BTC is weakening. A similar situation occurred at the beginning of 2022, which also indicated that the market might enter an adjustment period.
In combination with the current macro environment, concerns over inflation and poor employment data are putting pressure on the cryptocurrency market. These economic worries have directly

#加密货币监管# The latest accounting guidance for stablecoins released by the SEC is worth following. The practice of viewing some stablecoins as cash equivalents shows a shift in regulatory attitude. This move may encourage more participation from Financial Institutions in the crypto market. However, I believe this is only a transitional measure, and a more comprehensive regulatory framework will be needed in the future. From a data perspective, this could impact the market share and Liquidity of stablecoins. It is recommended to closely follow subsequent regulatory trends and their impact on the m

#加密货币投资策略# The launch of this income dashboard is a great enhancement for the operational transparency of pump.fun. Real-time tracking of daily income and Token buyback situations allows investors to better assess the health of the project. It is worth noting that in the past 6 days, the amount used for buying back PUMP accounted for 102% of the total income during the same period, which means the project is actively buying back its own Tokens. This practice is generally seen as Favourable Information, as it may increase Token value and boost investor confidence. However, in the long run, atte

#美国经济数据影响# Analyzing the recent Bitcoin trend, I believe there is a high possibility of continuing the seasonal weakness seen in August. On one hand, the key technical support level of $29,000 has been broken, and market sentiment has turned cautious; on the other hand, the downward adjustment of U.S. labor market data has triggered macroeconomic uncertainty, similar to the situation last year. Considering that the market has already anticipated two rate cuts, with the first cut possibly as early as September, risk assets may continue to remain weak before there is a clear improvement in the e

#稳定币发展# Follow the developments of Stables Labs on the Base network. This launch means that USDX and sUSDX will achieve cross-chain access through Axelar and squid, bringing new possibilities to the stablecoin ecosystem. It is worth noting that they plan to launch a liquidity pool on Balancer, with a distribution where USDX/sUSDX/aaveUSDC each accounts for one-third. This configuration may help improve liquidity and usage. Additionally, a 20% S-Points bonus is also a strategy to attract early users. However, close attention needs to be paid to the implementation of their security audits and mo

#加密货币市场分析# After watching Arthur Hayes' latest prediction, I feel that his viewpoints are worth in-depth analysis. The expectation of a $100,000 Bitcoin price is indeed exciting, but we must take a rational view. Currently, market sentiment is positive, but the economic fundamentals are not optimistic. The expiration of the tariff bill and the US Non-farm Payrolls (NFP) may bring short-term fluctuation, but the long-term trend still requires more credit creation and economic growth support. I will closely follow on-chain data, especially the fund flow of Large Investors and contract interactio

#机构投资者加密货币采用# This news is indeed worth following. BitMine holds over 830,000 ETH, accounting for about 0.7% of the Circulating Supply, which is quite substantial. From the data, they have rapidly increased their holdings in a short period, showing strong optimism for ETH. Considering the support from well-known investors behind them, this may indicate that more institutional investors will get on board the crypto market. However, it is important to be cautious as such a large-scale holding also brings market concentration risk. I will continue to track their staking trends and ETH flows to as

#Binance Alpha计划# Analyzing the recent airdrop activities of the Binance Alpha program, a clear trend has emerged: the participation threshold is generally set at 200 points. This number appears in multiple projects such as DAR, CYC, and MM, indicating a certain regularity.
From the perspective of capital flow, this unified threshold may trigger users to concentrate on accumulating points, which may temporarily drive up the price of points. However, it is also important to note that the mechanism of lowering the threshold by 15 points every hour may affect the urgency of some users.
It is reco

#加密资产监管# According to the latest Project Crypto launched by the SEC, the regulatory approach in the United States is undergoing a significant transformation. This plan aims to attract previously fledgling crypto businesses back by relaxing outdated regulations, clearly delineating categories of crypto assets, and simplifying compliance processes. Particularly noteworthy is the "super app" regulatory model, which allows platforms to integrate diversified services such as trading, staking, and lending under a single license. This will create significant opportunities for leading platforms like C

#加密交易平台IPO动向# I noticed the news that BitGo, a well-established encryption asset accomplice company, secretly submitted an IPO application. As an on-chain data analyst, I believe this development is significant. BitGo's custodial assets have exceeded $100 billion, making it one of the few companies in the world with "full Compliance + full custody" capabilities. Its listing will form a "Compliance triangle" alongside Circle, Coinbase, and will provide key infrastructure for TradFi to access the crypto market.
From a data perspective, the recent Bitcoin price has broken through $120,000, drivin

#美国就业数据# US Non-farm Payrolls (NFP) are about to be released, and the impact on the Fed's September interest rate decision is worth following. It is expected that 110,000 new jobs will be added, a decrease from last month; the unemployment rate may slightly rise to 4.2%. If the data is below 100,000 and the unemployment rate rises, it could indicate a weakening job market, suppressing the Fed's hawkish expectations and providing favourable information for gold prices. Conversely, if it exceeds 150,000, the strength of the dollar may continue. I will closely track the market reaction after the

#机构投资者加密货币战略# Follow the recent large-scale capital outflow of BTC and ETH, but the market seems to be stabilizing. Trump's tariff policy and the Fed's stance have indeed put some pressure on market sentiment, but from the charts, speculative buyers have already started to intervene, and the panic sentiment may have been exaggerated. It is worth noting that the increase in professional trading desks has provided deeper liquidity to the market, which helps to buffer fluctuations. However, ETF buyers are still absent, and the overall sentiment remains cautious. In the coming period, it is necess

#香港稳定币监管# Follow Tether's issuance of 6 billion USDT in July, a considerable figure. Combined with the second quarter financial report, the USDT Circulating Supply has exceeded 157 billion USD, increasing by 20 billion this year. This indicates that the demand for the stablecoin market is still on the rise.
It is worth noting that Tether's total holdings of U.S. Treasury bonds have reached $127 billion, an increase of about $8 billion compared to the previous quarter. This reflects that Tether is strengthening its asset reserves to cope with potential regulatory pressure.
In terms of profit, T

#加密货币监管框架# Follow the progress of these three major encryption bills, and it can be seen that the U.S. is establishing a comprehensive regulatory framework for the encryption industry. The GENIUS Act sets standards for stablecoins, the CLARITY Act clarifies the classification of crypto assets, and the anti-CBDC Act protects the dominance of the private sector. These measures will reshape the entire industry landscape, with rising compliance costs potentially eliminating some small players, but also clearing the way for institutional investors to enter the market. From on-chain data, it is expe