Crypto Market Weekly Report: Ethereum Leads the Rebound, South Korean Market Soars

Macro Perspective

Rolex: Warning Signals of the Top of the Crypto Bull Market

When the nouveau riche start flaunting their Rolexes, it may become dangerous to continue buying Bitcoin. This phenomenon often heralds that the market may be reaching its peak.

Analysis of Mainstream Public Chain Data Performance over Three Months

From the recent price trends, the market seems to be entering a long-awaited altcoin season. Ethereum has shown strong performance, reaffirming its leadership position. Meanwhile, emerging public chains like Base and Hyperliquid have also seen significant growth in their data.

The curtain rises on the Ethereum bull market

Multiple indicators show that market confidence in Ethereum is continuously strengthening. Institutional funds may become the main driving force behind this round of rebound.

The impact of the CLARITY Act on cryptocurrency regulation

With the signing of the GENIUS Act, the launch of the CLARITY Act has become more urgent. This will create a clearer regulatory framework for the crypto market.

South Korea's crypto market rebound

The long-silent South Korean virtual asset market experienced an explosive growth in late July. A certain trading platform's daily trading volume surpassed 10 billion US dollars, indicating that the market's enthusiasm is quickly rebounding.

Technology and Innovation

A Brief Analysis of ZK Network Succinct

The Succinct network achieves the separation of transaction execution and verification by connecting requesters who need to generate ZK proofs with global computing power providers, promoting the further development of ZK technology.

DataFi: The new blue ocean where data is an asset

DataFi is opening up a new blue ocean market. This article explores the development opportunities of DataFi and the ways to participate in currently popular DataFi projects.

Hedera ecosystem diversification development

HBAR has accumulated actual demand through its multifaceted strengths, providing strong support for its price performance. The diversified development of its ecosystem is a key factor in its market favor.

Solo: Identity verification protocol based on zkHE

Solo is building a "trusted anonymous" on-chain identity system based on its original zkHE architecture. This is expected to address the long-standing contradictions between privacy protection, identity uniqueness, and decentralized verifiability that Web3 has faced.

Market Dynamics

Ethereum "Institutional Era" accelerates arrival

Multiple listed companies are significantly increasing their holdings of ETH as a strategic reserve asset, marking the accelerated arrival of Ethereum's "institutional era." Industry experts believe that the biggest beneficiary of the GENIUS Act may be Ethereum, as most RWA and stablecoins are deployed on its network.

crypto trading platform strikes again for IPO

A certain crypto trading platform has restarted its IPO plan after failing to go public several years ago. Although it faces challenges such as revenue pressure and a high concentration of customers, its substantial Bitcoin reserves and strong capital support may become its advantages.

Signs of a rebound in the NFT market

Some established blue-chip NFT projects have experienced a strong rebound after hitting a low, which reflects the overall warming of sentiment in the crypto market and is also aided by new narratives and community rebuilding.

Large asset management companies enter the encryption field

A trillion-dollar asset management giant has announced that it will launch Bitcoin and Ethereum trading services, directly competing with existing crypto platforms. This reflects that traditional financial institutions are accelerating their expansion into the cryptocurrency space.

Regulation and Compliance

Hong Kong cracks down on stablecoin money laundering cases

Hong Kong Customs has cracked a case involving the use of stablecoins for money laundering, with an amount involved reaching approximately 1.15 billion yuan. This highlights the high level of attention that regulatory agencies are paying to the illegal use of crypto assets.

The regulatory environment in the United States is gradually becoming clearer.

With the signing of the GENIUS Act and the advancement of the CLARITY Act, the regulatory environment for cryptocurrency in the United States is gradually becoming clearer. This is expected to provide a more stable legal foundation for the long-term healthy development of the industry.