Is Trump's company planning to abandon the cryptocurrency business? If that's really the case, everyone will be happy. One of the main reasons the "CLRITY Act" has been delayed is the clause that prohibits the president and government officials from issuing and endorsing cryptocurrencies. If Trump gives up the cryptocurrency business, this sticking point will no longer exist. If he doesn't engage in it himself, he certainly won't let others do it either. Furthermore, for the already issued $TRUMP and $WLFI, this is basically a definitive shorting opportunity. These two coins have existed from the start for the purpose of harvesting profits. Taking a big harvest before the bill passes fits Trump's style very well.

Views on the primary market meme When you buy into a natural traffic project, you complain there are too many retail investors and the market lacks strength, hoping for big players to enter. When you buy into a big player’s project, you say the conspiracy is too deep and that a harvest is inevitable. When it falls, you blame the project team for not supporting the price; when it rises, you criticize it for pumping too fast and not giving you a chance to get in. When it’s sideways, you complain about the lack of heat; after a sudden surge, you say the chips are unhealthy. What you want has never been a good project, but one that rises right after you buy and falls right after you sell, a market that cooperates with you to make money. The market is not targeting you; it’s just that your greed does not match your understanding.

Tokenized RWA deposits in DeFi increased year-on-year to $7.4 billion, tripling in growth A report by CoinShares/Token Terminal found that over the past year, tokenized real-world asset deposits in DeFi lending and DEXs grew from $2.3 billion to $7.4 billion. BlackRock launched two new tokenized money market funds, and Wells Fargo also announced it will offer tokenized deposits to corporate clients this fall. This marks an acceleration in institutional on-chain adoption and could support the long-term growth of DeFi TVL.

According to the historical trend of the US midterm elections, reviewing the years of the last three US midterm elections, Bitcoin has fallen in August every time, with an average decline of over 13%. Looking at the historical trends, the median return in August is -7%, making it the worst and most prone to decline month of the entire year. Based on this historical pattern and estimating a 13% decline, Bitcoin's price will be around $58,500. $BTC

Key points: Some thoughts on this altcoin season: Playing this altcoin cycle with the logic of the last altcoin cycle will inevitably lead to a mental breakdown. What everyone thinks about the altcoin season: 1. Like the last cycle, all coins rise, whether new or old coins. 2. The increase matches the last cycle's rise; only then is it called a rise, only then is it called an altcoin season. In fact, many altcoin sectors in this bull market are already relatively large. If you haven't made money, it's because: 1. You missed the rhythm and missed the explosive sectors. 2. You entered late, with a high cost basis. For example, if you bought wld at 9u or ordi at 70u and call them trash, saying there's no altcoin season, look at how much they've risen from the bottom to the highest point. Why didn't you buy earlier? The two altcoins above belong to the local hotspot altcoin season. Those holding onto old coins shouldn't fantasize that all old coins will reach or even break their previous highs; not every coin is inj. Most old coins have already exited the historical stage, but in the final phase of the bull market, they will still have a spike to show respect to the bull market.

Recently, many altcoins have started to rise, and most people psychologically think this is a signal that the main market is starting. How to put it, before the technical gap is filled and before the bulls are cleared, any start can be seen as a bull trap, and the ones pumping are altcoins that no one is playing with. The meme leader Pepe and others haven't started yet. It is expected that there will still be a 20% to 30% drop, which is the most basic judgment of the main market. You can imagine Bitcoin reaching 50,000; these altcoins seem low now but actually have room to go lower. Many people ask if altcoins still have a chance. I think there will be a wave of rally before the New Year. According to my logical reasoning, from October to December this year, the rally will mainly be driven by Bitcoin starting, and the old altcoins will follow the flight. Why do I think it will rise after October? First, several conditions must be met. The first is that the technical side fills the 49,000 gap from August to September. As long as this is filled during this period, there will be a wave of technical demand for a rally afterward. Second: Fundamentally, it depends on whether there will be a rate hike in September (I expect a 25 basis point hike). This Wednesday's CPI data can be observed (it should be bearish). The last non-farm payroll data was unexpectedly weak and seemed fake, still playing a show. When the bearish factors are all out in September and the 49,000 technical gap is filled, the next phase will be a rebound rally. Here, I want to emphasize a very important point!

Grayscale suddenly withdraws applications for three altcoin ETFs! This time, Hedera and Polkadot are also involved. All three withdrawal documents were submitted on the same day! The expansion pace of altcoin ETFs suddenly hit the brakes. But this does not mean the SEC has officially rejected them! On August 7, Grayscale submitted Form RW to withdraw the previously filed S-1 registration statements for Cardano, Hedera, and Polkadot ETFs. The documents also confirm that these registration statements have not yet taken effect, and no shares have been issued or sold based on these documents. The details are crucial: this withdrawal is initiated by the issuer, with the reason stated as temporarily not proceeding with the issuance of related shares, rather than a direct rejection order from the SEC. In the short term, this is definitely bearish for ETF expectations of ADA, HBAR, and DOT, but we should also watch whether Grayscale will restructure, refile, or concentrate resources on products that are easier to launch. $BTC $ETH

There are three evergreen topics in the crypto community 1. Market trends, bull and bear markets, longs and shorts, bottom fishing and top selling. 2. Futures and spot trading, entering and exiting positions, profits and losses, followed by boasting about technical skills. 3. Jokes and myths; jokes are common, but myths are widely spread. It can be seen as dream-making or self-hypnosis. Once people get trapped, they forget their original intentions and growth. Everyone is welcome to add more!!

The real drama starts on Wednesday! After last week's non-farm payrolls came in significantly below expectations, the market has already lowered its expectations for further Fed rate hikes. But weak employment only indicates that the economy is starting to cool down. Another key issue the Fed cares about is whether inflation is continuing to move closer to 2%, and this week will provide the answer. Therefore, I believe Wednesday's CPI is the most important data this week. If inflation continues to cool, then the logic of weakening employment and falling inflation becomes more complete, naturally reducing the pressure on the Fed to continue raising rates, and the market might even start discussing the potential for future rate cuts again. Conversely, if the CPI rises again, the optimistic expectations brought by last week's non-farm payrolls will need to be revised. This week also includes PPI, initial jobless claims, and a bunch of AI industry chain earnings reports, but in the face of the overall risk market, CPI must take precedence for now. If last week's non-farm payrolls were responsible for disrupting expectations, then this week's CPI will tell the market whether it was a false alarm or if the macroeconomic trend is truly changing.