The global market welcomes the "super 72 hours", the focus in the Crypto Assets field

1. Market Trends

Recently, the economic and trade representatives of China and the United States held productive talks in Stockholm, Sweden, where both sides agreed to extend the suspension period of certain tariff measures, bringing some relief to the market. However, the global market still faces significant challenges, especially with the Federal Reserve's upcoming interest rate decision. Although there is a general expectation that the Federal Open Market Committee will maintain interest rates this week, the market is more focused on the timing of the first rate cut. Wall Street is divided on this matter, with some institutions predicting that the rate cut cycle will begin in September, while others believe it may be delayed until December or later.

In this context, analysts warn that global central bank easing policies, relaxed financial regulations, and shifts in policy may be giving rise to a larger bubble driven by retail investors, liquidity, and volatility. With important events such as the U.S. second quarter GDP data, Federal Reserve decision, tech giants' earnings reports, and July non-farm payroll report about to be released, the market is entering a critical "super 72 hours," the results of which will impact the market direction for the remainder of the year.

The Ethereum market is undergoing a structural transformation, primarily driven by favorable macro policies, capital inflows, and shifts in investor sentiment. The U.S. Congress's advancement of cryptocurrency legislation has injected confidence into the market, with substantial capital inflows into Ethereum spot ETFs serving as a direct catalyst. The asset characteristics of Ethereum are shifting from "fuel for the world computer" to "yield-bearing reserve assets." Its staking, which generates on-chain returns, has attracted institutional funds seeking real returns. At the same time, the relative decline of Bitcoin's market dominance may also prompt capital to flow into mainstream alternatives like Ethereum.

The price of Bitcoin has recently been consolidating in the range of $117,000 to $120,000, with analysts holding differing views. Some expect it may first dip to the $108,000 area, while others believe that if it breaks through $120,000, the market could directly aim for $125,000.

On the Ethereum front, as the price returned to $3,800, analysts are generally showing strong bullish sentiment. Its futures open interest has reached a historical high of $5.8 billion. Funds are shifting from Bitcoin to Ethereum, with its open interest now accounting for nearly a two-year high of 40%. Analysts believe that the significant increase in active addresses and transaction volumes on the Ethereum network makes reaching historical highs merely a matter of time. The $4,000 to $4,100 range is seen as a core focus for further upward movement.

It is worth noting that today marks the tenth anniversary of Ethereum's birth, with its price rising from $0.3 to $3800, jumping to the 28th position among global assets. The Layer2 network Linea also announced its token economics, planning to airdrop 10% of the tokens to early community users. In Asia, the Hong Kong Monetary Authority announced that it will open the first batch of stablecoin issuer license applications starting August 1, and requires real-name verification for all compliant stablecoin holders.

2. Key Data (As of July 30, 12:00 HKT)

• Bitcoin: $117,951 (Year-to-Date +26.06%), Daily Spot Trading Volume $40.132 billion
• Ethereum: $3,803.76 (Year-to-date +14.12%), daily spot trading volume of $33.228 billion
• Fear and Greed Index: 74 (Greed)
• Average GAS: BTC: 1 sat/vB, ETH: 1.38 Gwei
• Market Share: BTC 60.7%, ETH 11.9%
• 24-hour BTC long/short ratio: 48.65%/51.35%
• Sector Fluctuations: AI down 3.89%; RWA down 3.67%
• 24-hour liquidation data: A total of 128,069 people were liquidated globally, with a total liquidation amount of 301 million USD.
• BTC medium to long-term trend channel: upper line (118878.55 USD), lower line (116524.52 USD)
• ETH Medium to Long-term Trend Channel: Upper Line (3645.91 USD), Lower Line (3573.71 USD)

3. ETF Flow (as of July 29)

• Bitcoin ETF: +$79.9781 million, continuous net inflow for 4 days
• Ethereum ETF: +219 million USD, continuous net inflow for 18 days

4. Today's Outlook

• A certain trading platform will launch the A2Z/USDT trading pair on July 30.
• The live broadcast of the Ethereum 10th Anniversary Celebration will be held at 10:30 PM.
• Strategy plans to release its second quarter financial report on July 31.
• Big Time (BIGTIME) will unlock approximately 600 million tokens on July 30.
• Kamino (KMNO) will unlock approximately 229 million tokens on July 30.
• Optimism (OP) will unlock approximately 31.34 million coins on July 31.
• The Federal Reserve's interest rate decision in the U.S. until July 30 ( upper limit ) (July 31 02:00)
• Federal Reserve Chairman Powell holds a monetary policy press conference (July 31, 02:30)
• U.S. Initial Jobless Claims for the week ending July 26 released (July 31 at 20:30)
• The US June Core PCE Price Index Year-on-Year Release (July 31, 20:30)

Top 100 market cap biggest gains today: HEX up 25.4%, PulseX up 20.7%, XDC Network up 11.4%, Four up 11%, Pump.fun up 10%.

5. Hot News

• A certain digital asset company has purchased over $1.19 billion in Bitcoin within 9 hours.
• A certain investment company purchased BitMine shares worth 15.3 million dollars again on Tuesday.
• BTCS plans to raise $2 billion to increase investments in Crypto Assets.
• Linea announced the token distribution details, with 9% distributed to users through airdrops.
• Multiple addresses have accumulated a total of 648,000 ETH within half a month, worth 2.44 billion dollars.
• Market news: pump.fun promises to use 100% of its daily income for buybacks.
• Public company 180 Life plans to conduct a private placement of approximately $425 million and transform into an Ethereum treasury reserve company.
• The DEGEN Foundation discusses the phased destruction of 32.5% of its total supply of DEGEN coins.