OKB falls below the $80 mark

Click on the link to enter the meeting: https://meeting.tencent.com/p/9850662513 Macro Core: Countdown to Jackson Hole Annual Meeting (keynote speech by Walsh tomorrow evening at 22:00) The theme of this year's conference is financial innovation, payments, and monetary policy. For the first time, the Federal Reserve will focus on discussing regulatory frameworks for stablecoins and encrypted digital assets, which will directly affect the medium and long-term policy expectations of the cryptocurrency industry. 2. Short term US bond yields have slightly increased, and the market has lowered the probability of a September interest rate cut. The marginal expectation of interest rate hikes has risen, suppressing the action force in cryptocurrency; After the PCE data is implemented, there will be no new positive news in the macro market, and the market is completely waiting for tomorrow's speech to set the tone. 3. Market game divergence: 45% of expected speeches are neutral, 32% are hawkish, and 19% are dovish. The tone of the speeches will directly determine whether this round of rebound will continue or peak temporarily Macro expectations weaken, expectations of interest rate cuts cool down The core PCE meets expectations but overall inflation is high. The market is re pricing and maintaining high interest rates for a longer period of time. The willingness of incremental funds to enter the market has decreased, and the market has entered a wait-and-see game stage. Summary of Current Market Situation BTC is currently fluctuating in the range of $78000-79500, while ETH remains above $2480, with a total cryptocurrency market value of $2.76 trillion; The market is in a cautious window period before Jackson Hole's speech, with intense long and short games and frequent occurrence of stop loss and price cuts. Tomorrow's speech by the Federal Reserve Chairman is the only decisive variable. Prior to this, the market mainly relied on high-level volatility to digest gains, and leveraged contracts had extremely high risks and were not suitable for heavy position games. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

Chain analyst Specter pointed out that in the past four weeks, there have been a series of address poisoning attacks on the wavefield network, resulting in 15 victims losing approximately $9.4 million. Two victims each lost $2.5 million, and the other lost $2 million. The attacker will exchange the stolen assets for USDD and transfer them to the collection address, where the funds are still held. Specter calls on Wave Field Ecological Wallet service providers to take interception measures and reminds users to verify their addresses when transferring funds.

According to TradingBeats monitoring, 12 addresses suspected to be associated with a16z have been continuously buying HYPE through TWAP. This round, they plan to buy 146900 units and have already sold 127600 units, with a total amount of approximately 10.419 million US dollars. The remaining amount to be executed is approximately 1.596 million US dollars. The cluster has purchased a total of 422000 HYPEs in the past three days, with an investment of approximately 34.384 million US dollars. From May to June, the cluster had purchased a total of 4.2362 million HYPEs, with an amount of approximately 272 million US dollars. Since May, the cluster has cumulatively purchased approximately 4.6582 million HYPEs, with a historical transaction volume of approximately $306 million. If the remaining orders are completed, the cumulative purchase volume will rise to approximately 4.6775 million HYPEs. Main addresses: 0xb5E4d2... 24e.

Cryptoquant CEO Ki Young Ju stated that the peak of this bull market was driven by institutional funds and ETFs outside the United States. There are currently no spot Bitcoin ETFs in South Korea, and retail investors cannot purchase foreign ETFs. Companies cannot open exchange accounts to purchase Bitcoin. The popularity of Bitcoin is currently concentrated in the United States, and the next stage is global institutionalization, accompanied by more sufficient stablecoin liquidity and the establishment of RWA mechanisms. More institutions will hold Bitcoin as a strategic asset, and many countries lacking ETFs will also have easier access to Bitcoin.

According to Bloomberg, Ripple Prime, a subsidiary of Ripple, has launched its Delta One business, expanding into the stock trading field for the first time. Noel Kimmel stated that this business allows investors to execute Total Return Swap trades on US listed stocks, indices, and digital assets, serving hedge funds, market makers, and ETF issuers.