This week's crypto market dynamics
BTC ETF once had net outflows for 3 consecutive days, but with net inflows for two consecutive days last Thursday and Friday, the net inflow of funds in a single week was $370 million. BTC ETF has achieved large net inflows for 7 consecutive weeks, with a total inflow of more than $10 billion in the past 7 weeks. In the past week, BTC continued to fluctuate in a narrow range at a high level. At the same time, BTC's market share fell slightly to 60.2%, indicating that the performance of altcoins in the past week was even better.
Last week, ETH ETF had a net inflow of $402 million, which was much higher than the inflow of funds in the BTC ETF in the same period. ETH ETF has achieved net inflows for 8 consecutive weeks, with an inflow of more than $7 billion in the past 8 weeks. ETH once again rose above $3,850, with a 58% increase in the past 30 days. The ETH/BTC exchange rate broke through 0.032, doubling from the low point of the year; in addition, ETH's market share rose sharply, climbing to 11.8%.
Hot Coins This Week
In terms of hot coins, SPA, KERNEL, MDT, HYPER and ERA all performed well. KERNEL's price rose 37.12% this week, with the highest price of 0.2582USDT. MDT's price rose 79.68%. SPA price rose 3.13% this week, with a 24-hour trading volume of 40.73B USDT.
US Market and Hot News
On July 25 (Friday), Eastern Time, the three major U.S. stock indexes closed higher, with the S&P 500 up 0.40% to 6,388.64 points; the Dow Jones up 0.47% to 44,901.92 points; and the Nasdaq up 0.24% to 21,108.32 points.
Last week, the Dow Jones Index rose 1.26%, the Nasdaq Index rose 1.02%, and the S&P 500 Index rose 1.46%. The benchmark 10-year Treasury yield was 4.40%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, was 3.91%.
The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on Tuesday (July 29)
July 30 The United States releases a series of GDP data for the second quarter
The Federal Reserve announced its interest rate decision on July 30, and Powell held a press conference
The White House's first crypto policy report will be publicly released on July 30
Ethereum will usher in the 10th anniversary of the launch of the Genesis Block on July 30
Hong Kong will begin to implement the Stablecoin Ordinance on August 1, and it will be illegal to promote any unlicensed stablecoin to the public
Hot sectors and project unlocking
NFT
The NFT market is showing strong signs of recovery. Since the start of the month, market cap is up 94% to $6.6 billion, the highest level since early 2025.
Weekly volume jumped 51% to $136 million, on track to make July one of the best months since February. Volumes are up 7% month-over-month, but overall this month won’t top June’s. Last month, sales exceeded 5 million, while July just broke the 3 million mark. What’s the reason? ETH is up, and so are NFTs. In just 7 days, the average price of an NFT has soared 40% to $146. Volumes are down, prices are up, and the market is changing. The blue chip boom is back.
Jupiter (JUP) will unlock about 53.47 million tokens at 10:00 pm Beijing time on July 28, which is 1.78% of the current circulation and worth about 31.7 million US dollars.
Sign (SIGN) will unlock about 150 million tokens at 6:00 pm Beijing time on July 28, which is 12.5% of the current circulation and worth about 11.7 million US dollars.
Kamino (KMNO) will unlock about 229 million tokens at 8:00 pm Beijing time on July 30, which is 9.53% of the current circulation and worth about 13.8 million US dollars.
Optimism (OP) will unlock about 31.34 million tokens at 8:00 am Beijing time on July 31, which is 1.79% of the current circulation and worth about 22.8 million US dollars.
Sui (SUI) will unlock about 44 million tokens at 8:00 am on August 1, Beijing time, accounting for 1.27% of the current circulation and worth about $188 million.
GoPlus Security (GPS) will unlock about 542 million tokens at 8:00 am on August 1, Beijing time, accounting for 20.42% of the current circulation and worth about $11.6 million.
ZetaChain (ZETA) will unlock about 44.26 million tokens at 8:00 am on August 1, Beijing time, accounting for 4.78% of the current circulation and worth about $9.9 million.
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