BTC falls below the $94000 mark

The difficulty of Bitcoin mining is expected to increase, and currently hash prices are close to historical lows. （Cointelegraph）

[CITIC Securities: Fed Rate Cuts May Drive Gold Prices Higher] CITIC Securities research report points out that the marginal demand influence on gold pricing is increasing. Under the supply-demand logic, gold supply remains relatively stable, with an annual production of approximately 3,600 tons. Pricing is primarily driven by demand, especially marginal demand. Gold demand includes private sector consumption, private sector investment, and official gold purchases. Among these, private sector investment demand (such as ETF demand) in Europe and the United States is highly correlated with the real yield of U.S. Treasury bonds. As U.S. inflation eases and labor market resilience declines, expectations for Fed rate cuts in the second half of the year are rising. The nominal and real interest rate reductions triggered by rate cuts are expected to provide new momentum for gold price increases.

Due to a significant drop in MON prices, the long position of 24.438 billion MON (worth 6.5 million US dollars) at address 0xccb5 has been fully liquidated, resulting in a loss of 1.9 million US dollars. The account balance is now zero, and all funds are in deficit. （Lookonchain）

[Bybit Alpha Farm Launches Three High-Yield Liquidity Pools, Supporting Tokenized US Stocks and Gold with 24/7 Returns] Bybit Alpha Farm has introduced three new liquidity pools, covering gold (XAUt) and two major tokenized US stocks (TSLAx and NVDAx), with annualized returns on the first day reaching 107%, 138%, and 168%, respectively. These liquidity pools operate 24/7, unrestricted by US stock trading hours, providing on-chain yield channels for tokenized assets. As the first mainstream exchange to support tokenized US stocks, Bybit has launched over 10 major tokenized US stocks since July, offering deep liquidity and low slippage trading. It supports spot and Alpha instant orders, optimizing the trading experience for tokenized US stocks.

[Santiment: Market Sentiment Weakens, Ethereum Approaching Key Resistance Zone] Crypto sentiment analysis platform Santiment reports that the market is showing signs of fatigue after a slight rebound, with last week's clear buy signals now gone. Ethereum's price is approaching the strong resistance zone of $3,200 to $3,250, which will serve as a critical test of market strength. Meanwhile, the social trend of 'buying the dip' has ended, with panic sentiment and potential liquidation risks gradually emerging, reflecting the fragility of market sentiment. On-chain data shows that large Bitcoin wallets have slowed their buying pace, while small retail wallets have started accumulating, a trend typically associated with market downturns. The report advises caution in navigating the current market environment and waiting for clearer signals.