Crypto Assets Market Dynamics and Analysis

Market Observation

The international trade landscape is undergoing significant changes. The United States and Japan have reached an important trade agreement, with Japan committing to invest $550 billion in the U.S., while the U.S. imposes a 15% tariff on Japanese imports. This move has had a significant impact on industries such as automobiles and has driven the Japanese stock market up. At the same time, China and the U.S. plan to hold the third round of trade negotiations next week in Stockholm, Sweden, aiming to postpone the critical tariff deadline. Reports suggest that the negotiations may involve sensitive issues such as China's purchase of oil from sanctioned countries.

In terms of domestic policy, the U.S. government is actively promoting the development of the artificial intelligence field. The upcoming "AI Action Plan" will focus on three pillars: infrastructure, innovation, and global impact, with measures such as streamlining regulations and licensing processes to enhance America's leading position in the artificial intelligence sector.

In terms of monetary policy, senior officials in the U.S. government are calling for lower interest rates to stimulate economic growth. However, this has sparked debates about the value of the currency. Some analysts believe that current market indicators, such as the U.S. stock market reaching all-time highs and the relative depreciation of the dollar, have already shown signs of loose monetary policy, and it is expected that the dollar may continue to weaken.

In the field of Crypto Assets applications, stablecoins demonstrate unique advantages in cross-border payments. Traditional cross-border payments face issues such as complex processes, high costs, and long transaction times, while stablecoins can effectively address these pain points. Especially in countries with restricted capital flows and long-term depreciation of their local currency, stablecoins provide an important means to obtain stable assets and conduct efficient transactions. In contrast, applying stablecoins in areas like retail payments or wealth management requires a comprehensive restructuring of the existing banking system, facing significant resistance.

Crypto Assets Market Analysis

Bitcoin has entered a consolidation phase after hitting a historic high of $123,100. Data shows that the market is in a "healthy but fragile balance," with $640 million in selling pressure absorbed in the $115,000-$120,000 range. Several analysts hold an optimistic view for the future, but a short-term pullback may be possible. Some analyses suggest that the price could first pull back to around $115,717 before aiming for new highs. Other viewpoints indicate that if it can maintain above $113,000, the next target may point to $130,000. More aggressive predictions suggest that Bitcoin's ultimate target could reach $140,000.

Ethereum has seen a pullback after rising for eight consecutive days, with the current price around $3750. Analysts believe that Ethereum has not turned bearish, and a pullback to the $3200-$3400 range would present an ideal buying opportunity. Some predictions suggest that Ethereum may pull back to the $3000 to $3200 range in August, after which it is expected to challenge the $4000 mark again, with some analysts optimistic about reaching $8000 within the next few months.

In the altcoin market, the price of Zora token surged significantly after being announced for integration by a certain APP, with an increase of nearly 300% since July 17. On the other hand, LetsBonk's market share skyrocketed from 5% to 64% within a month, while another platform's market share plummeted from 90% to 24%. Several popular Meme coin projects have emerged in the past 24 hours.

Key Data

As of July 23, 12:00 HKT:

• Bitcoin: $118,684 (Year-to-date +26.9%), Daily Spot Trading Volume $51.971 billion
• Ethereum: $3,732.23 (Year-to-date +11.69%), daily spot trading volume is $48.862 billion
• Fear and Greed Index: 75 (Greed)
• Average GAS: BTC: 0.58 sat/vB, ETH: 0.46 Gwei
• Market Share: BTC 60%, ETH 11.5%
• 24-hour BTC Long/Short Ratio: 50.18%/49.82%
• Sector Changes: NFT sector increased by 10.67%; CeFi sector increased by 3.29%
• 24-hour liquidation data: A total of 129,759 people worldwide were liquidated, with a total liquidation amount of 376 million USD.

ETF Flows

As of July 22:

• Bitcoin ETF: -$67.9322 million, only certain ETFs achieved net inflow.
• Ethereum ETF: +$534 million, the third highest in history

Today's Outlook

• A payment company will be included in the S&P 500 index on July 23.
• A certain football-related platform will launch a token sale on a certain platform on July 24.
• A certain platform will distribute token airdrops on July 24.
• A trading platform will launch ASP (ASPECTA) spot trading on July 24.
• The U.S. government plans to promote the development of artificial intelligence and is considering designating July 23 as "Artificial Intelligence Action Day".
• Avail (AVAIL) will unlock approximately 972 million tokens on July 23, valued at around 18.9 million US dollars.
• SOON (SOON) will unlock approximately 41.88 million tokens on July 23, worth about $6.1 million.

Top 100 market value gains today: Pudgy Penguins up 21.4%, Saros up 17.7%, Flare up 15.3%, Worldcoin up 9.7%, Bonk up 7.3%.

Hot News

• An analyst predicts that Bitcoin will reach $250,000 by the end of this year, and Ethereum will reach $10,000.
• An investment company acquired $182 million in BMNR common stock, supporting the advancement of the Ethereum treasury strategy.
• Since July 12, a total of 1.81 billion PENGU coins have been transferred from the token deployment address to exchanges.
• A research institution has reallocated ENS after a year, extracting ENS worth $5.5 million from exchanges.
• An investment company transferred 2.183 million PENDLE to the exchange, expecting to profit 2.13 million dollars.
• A certain Meme coin's market share on the Solana launchpad has grown to 64%.
• A certain ETF provider submitted S-1 documents related to ONDO ETF to the US SEC.
• A certain exchange has added BNKR, JITOSOL, and MPLX to the asset roadmap.
• A certain company has increased its BNB strategic reserve to $90 million and plans to upgrade its reserve strategy.
• A certain aerospace company has transferred BTC worth $152 million for the first time in three years.
• A Mexican real estate company plans to create a Bitcoin vault worth $10 billion within five years.
• The market capitalization of Bitcoin has fallen below 60%
• A certain company has been approved to inject an additional $150 million into its Crypto Assets treasury and increase its holdings by 8,351 ETH.
• A publicly listed company has reached a $200 million SOL funding agreement with Solana Ventures.
• A certain company has reached a business merger agreement with StablecoinX and obtained $360 million in PIPE financing.
• A certain foundation initiated a $260 million buyback.
• A certain investment institution spent approximately $740 million last week to acquire 6,220 bitcoins.
• The Ether Machine, backed by a certain venture capital, raised $1.5 billion and will be listed while holding over 400,000 ETH.