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📖 Day 1 · Quiz (Single Choic
The crypto assets market is undergoing dynamic changes, with various mainstream tokens showing different trends.
Bitcoin (BTC) is fluctuating around the price of $110,000, with the market anticipating whether it can return to the level of $115,000. Ethereum (ETH) has shown a relatively stable performance, although it hasn't reached its strongest performance, it still maintains an upward momentum. Notably, Solana (SOL) has been the most eye-catching performer in this wave of market conditions, becoming the focus of investors' attention.
At the same time, the infrastructure of the crypto ecosystem continues to improve. OKX has launched a new product called OKX Boost, aimed at connecting users with innovative projects. The Bitcoin network has also achieved a new milestone, with a single-day hash rate reaching a historical high of 1.279 ZH/s, demonstrating the robustness of its network.
In terms of regulation, the European Central Bank has expressed concerns about the risks of non-EU stablecoins and called for measures to address them. This reflects the traditional financial system's increasing focus on Crypto Assets.
The market landscape is also quietly changing. Bitcoin's market dominance has fallen to 55%, creating space for the development of other crypto assets. However, the overall market still shows a downward trend, with only a few coins experiencing fluctuations.
Traditional financial institutions continue to embrace encryption technology. The fifth largest commercial bank in the U.S., U.S. Bancorp, has restarted its cryptocurrency custody service collaboration with NYDIG. Galaxy Digital plans to tokenize its SEC-registered stocks on the Solana network, showcasing a new attempt at the integration of traditional finance and blockchain technology.
In addition, the CEO of Polymarket stated that after the CFTC ruling, their platform can go live in the United States, which may bring new opportunities for the Crypto Assets derivatives market.
As on-chain funds gradually flow back, market participants are closely watching the upcoming non-farm employment data, as well as market trends such as Strategy increasing its Bitcoin holdings and large holders shifting from Bitcoin to Ethereum. These factors may have a significant impact on the crypto assets market trend in September.
Despite the ongoing uncertainty in the market, the continued development of the crypto ecosystem and the active participation of traditional finance provide a solid foundation for the long-term growth of the industry. Investors and market observers need to remain vigilant while also recognizing the potential opportunities in this rapidly evolving field.