「瞬时飙升」MAGIC 成交量飙升7倍

According to Axel Adler Jr, an analyst at CryptoQuant, the problem in the later stages of a bull market is a decrease in investors' risk appetite. The data shows that the indicator broke through 1.9 in March and December 2024, but it is currently forming a low peak, and holders are actively selling, putting pressure on the market. Although investors are still taking profits, the marginal premium of cost base brought by each new price increase is getting smaller and smaller. Analysts say that considering that the Federal Reserve is expected to cut interest rates twice this year, there are expected to be two more increases in this cycle, after which selling pressure will exceed demand and the market will enter a correction phase.

According to Golden Finance, on August 1st, Hong Kong's "Stablecoins Ordinance" officially came into effect, establishing a stablecoin issuer license system and improving Hong Kong's regulatory framework for virtual asset activities. Yang Debin, President of the Greater Bay Area International Information Technology Association, stated that the development of stablecoins has reached a certain scale internationally. The introduction of the Stablecoins Ordinance in Hong Kong at this point is a reflection of keeping up with the times in terms of regulation. In line with international standards, Hong Kong, China also strives to align with the standards of other countries and regions around the world when formulating regulations related to stablecoins. According to the Hong Kong Stablecoins Ordinance, the licensee must ensure that the market value of the reserve assets of the designated stablecoins they issue is always not lower than the face value of the stablecoin that has not been redeemed and is in circulation. The licensee should consider the risk situation of the reserve assets and ensure that there is appropriate excess collateral to cover market risks. (21 Finance)

According to Golden Finance, Rainer Guntermann from the research department of Deutsche Bank stated in a report that the resurgence of interest rate cuts in the United States may continue. The interest rate strategist said that after last Friday's disappointing labor market report, the data schedule for the United States this week was relatively light and not enough to change this trend. He said, "In addition, the Federal Reserve seems to be paying more attention to the downside risks of economic growth, although its latest comments still sound cautiously balanced, and the price risks brought by tariffs still exist." After the weak non farm payroll data was released, the market increased expectations for the Federal Reserve to cut interest rates in September. According to LSEG data, the market price currently reflects an 86% likelihood of a 25 basis point interest rate cut in September.

Bitget MAGIC/USDT's perpetual trading volume surged 7 times within 10 minutes, with a turnover of $14 million in the past 24 hours, an increase of 13.02% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

On August 4th, according to The Block, Vincent Liu, Chief Investment Officer of Kronos Research, stated that the current market is showing a "cautiously optimistic" sentiment amidst macroeconomic uncertainty and institutional buying. The Fear and Greed Index is trending towards' greed ', with whale buying and expectations of interest rate cuts driving traders to reallocate risk assets. Investors are paying attention to the US July CPI data, which will be released on August 12th, as a key indicator for the next round of interest rate hike or cut decisions. Although the Federal Reserve kept interest rates unchanged at the July FOMC meeting and Powell stated that the September rate cut still depends on economic data, CME Federal Reserve observation data shows that there is a more than 80% probability that market expectations will be lowered by 0.25 percentage points. In addition, Liu believes that the "Project Crypto" launched by the US SEC may benefit the market in the medium to long term. This project will reduce regulatory uncertainty, promote DeFi growth, and enhance market confidence by clarifying token classification and introducing DeFi innovation exemption mechanisms.