The recent dynamics of the cryptocurrency market are noteworthy. Ethereum is at a critical stage, with several American institutions showing strong interest in it. Analysts predict that as Ethereum enters a consolidation phase, tokens within its ecosystem may see significant growth. Projects worth investors' attention include Lido, ENA, and Optimism.

At the same time, Ethereum launched a special NFT artwork - The Torch to commemorate its tenth anniversary milestone. This commemorative item will be open for public minting on July 30, and is expected to attract a large number of Ethereum supporters to participate.

On the other hand, some cryptocurrencies related to Chinese concepts have also seen significant increases. Among them, Conflux (CFX) has stood out with an astonishing increase of 120%. This surge is primarily due to the upcoming release of version 3.0 of the project and news of its participation in the offshore RMB stablecoin pilot program under the "Belt and Road" initiative. As a result, other related projects such as Nervos Network (CKB), Ontology (ONT), and NEO have also experienced varying degrees of increase.

These trends reflect the dynamism and innovation of the cryptocurrency market, while also highlighting the potential of blockchain technology in the field of financial innovation. However, investors should fully recognize the high-risk characteristics of the cryptocurrency market while paying attention to these opportunities and make cautious decisions.