Crypto Assets Market Dynamics and Industry Insights

Hot News

The Cardano community has approved a core development budget of $71 million to inject momentum into the future development of ADA. This funding will be used to advance key technological upgrades such as scalability, developer experience, and interoperability.

Last week, Bitcoin spot ETFs saw a net outflow of $643 million, ending a seven-week streak of net inflows. Among them, BlackRock's IBIT still maintained a net inflow of $355 million, while Ark Invest's ARKB faced a net outflow of $444 million.

The "social finance" concept launched by a certain trading platform has sparked a craze on the Base chain, leading to a daily token issuance surpassing Solana. This trend is primarily driven by the "creator token" model of the decentralized social platform Zora.

Lido co-founder revealed that to ensure long-term sustainable development, the company has decided to reduce its workforce by about 15%. This decision aims to optimize operational efficiency and strengthen the foundation for future development.

A gaming guild network announced the establishment of Onchain Guild and allocated 50 million tokens (, approximately 7.5 million USD ), to explore new revenue generation strategies.

Market Viewpoint

Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated that if Bitcoin falls below $90,000 due to the "August curse," he will double his investment. He believes there is nothing wrong with Bitcoin itself; the real concern lies in the massive debt of the United States and the management of related departments.

An analyst pointed out that the Bitcoin bull market has entered its later stages, and investors' risk appetite is gradually declining. Nevertheless, he expects two more rebounds during this cycle, after which the market may enter a correction phase.

Another analyst observed that long-term Bitcoin holders remain in a stable profit range, demonstrating a strong willingness to hold coins. In contrast, short-term holders fluctuate around a lower profit level, which may trigger periodic correction pressure.

Some analysts believe that the recent drop of Bitcoin below the key support level of 112,000 USD is mainly influenced by slowing employment data and seasonal weakness. Risk assets may continue to weaken before improvements in economic and market fundamentals.

Industry Trends

A report from a certain bank shows that since 2020, traditional banks have invested over $100 billion in blockchain infrastructure. 90% of financial leaders believe that these technologies will have a significant impact on the financial industry in the next three years.

A large bank in France's asset services department has acquired a minority stake in a fintech company to support the launch of the blockchain-based tokenized exchange Lise. The platform aims to simplify equity financing and listing processes for small and medium-sized enterprises.

Data Insights

According to certain data, digital asset investment products experienced a net outflow of $223 million in the past week, marking the first negative change in 15 weeks. Bitcoin led the decline with an outflow of $404 million during the week, but its year-to-date net inflow remains at $20 billion.

The market capitalization of a synthetic stablecoin USDe has risen to 9.293 billion USD, with an increase of over 75% in the past month, making it the third largest stablecoin by market capitalization.

Institutional Trends

A certain nail salon chain in Japan announced plans to hold 21,000 coins of Bitcoin by the end of March 2027. The company intends to raise approximately $13.54 million in August for this increase.

The Japanese listed company Metaplanet has invested approximately 53.7 million USD to increase its holdings by 463 coins of Bitcoin, with an average price of about 115,895 USD per coin. As of now, the company holds a total of 17,595 coins of Bitcoin, with a total purchase cost of approximately 1.78 billion USD.