Selected news

1. Hong Kong Monetary Authority: The regulatory regime for stablecoin issuers will take effect on August 1

2. Upbit will list the OMNI Korean won trading pair

3. USD1 on Binance was depegged and was reported at 0.9934 USDT for a short time

4. "Ming Pao": JD.com has registered "JCOIN" and "JOYCOIN", which are expected to be the names of its stablecoins

5. The floor price of CryptoPunks has exceeded the $200,000 mark for the first time since March 2024

Featured articles

1. "Tomorrow's interest rate cut or rain?" A key week that sets the tone for the rise and fall script in August|Trader Observations》

Traders stand at an awkward crossroads: should they lay out a rebound in advance, or are they preparing for a round of liquidity ebb and flow? As 10xResearch's latest report reads: "Now, we are about to enter a pivotal moment: the most important events on the calendar – corporate earnings, White House digital asset reports, and FOMC meetings – are about to settle before the summer arrives. Given the historically weak performance of the cryptocurrency market in August and September, traders face a dilemma." And their real-time indicators also show that today's trend is likely to set the rhythm for the entire summer. To complicate matters, the market is not just waiting for an answer to a rate cut, but a signal in one direction. Is it to turn to easing and continue to push Bitcoin and Ethereum higher? Or stand still again and rain on the market?

2. "Why did the "content token fundamentals" mentioned by Base make Solana react so much? 》

In fact, this discussion has continued from the NFT boom period to the present without a conclusion, but the carrier has changed from "blue-chip NFT" and "local dog NFT" to the current "content currency" and "meme coin".

On-chain data

On-chain capital flows for the week of July 29