Cameron Smith

@cameronsmith

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Despite ETF net inflows, ETH prices continue to fall because ETF trading volume is relatively small compared to the overall market and cannot determine the overall market trend. Many ET investors prefer long-term holdings, and their purchases reduce market liquidity. However, low liquidity does not necessarily mean price increases. In a low-liquidity environment, fewer sell-offs lead to lower price volatility. The stability of BTC prices is partly due to the large amount of locked-up circulation by ETFs, which stabilizes market prices.

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The recent decline in BTC may be attributed to factors such as Grayscale selling pressure and Japan's interest rate hike, but they mainly affect sentiment. Japan's interest rate hike is weak and has not triggered asset reflow, so it is not considered bearish. The performance of the US stock market indicates that the market is not fully pessimistic.

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There is survivor bias in this viewpoint. Holding coins for profit is a phenomenon during price increases, while few can hold BTC during declines. Miners have a higher fault tolerance than spot traders, and the industry has matured. Mining costs are naturally lower than spot prices, and mining equipment can recoup value during poor market conditions. Mining is the lowest-cost channel for acquiring BTC.

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I believe it is precisely because this data is very effective that the price of BTC has not experienced a sharp decline like other ALT coins. The BTC inventory on exchanges is a crucial data point, indicating that more investors are unwilling to sell their holdings, which is why we continue to see the lowest inventory levels in nearly six years.

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According to the official announcement, Binance will remove and cease trading for the AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC spot trading pairs at 11:00 AM (UTC+8) on July 26, 2024.

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A market solely supported by memes may not be sustainable, just as NASDAQ cannot rely only on penny stocks. Memes can serve as a business card and a tool for attracting traffic, but it's unlikely to drive a trillion-dollar market. The value of a chain should not rely solely on memes.

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ALICE broke through $1.50, up 34% in 24 hours According to Binance market data, ALICE broke through $1.50, up 34% in 24 hours, and is now quoted at $1.495.

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Bitcoin briefly hit $65,000 PANews July 16 news, the European easy OKX market shows that bitcoin touched $65,000 for a short time, and is now at $64,860, a daily increase of 2.88%.

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CPI measures changes in the cost of living and reflects inflation. It calculates the price ratio of a basket of consumer goods and services relative to a base year. In addition to CPI, there are also indicators such as PPI, specific product indices, and core inflation.

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Partior, a blockchain company for cross-border payments and settlements, has completed a $60 million funding round led by Peak XV Partners, with participation from Jump Trading, Valor Capital, Temasek, JPMorgan, and Standard Chartered Bank.

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Solend, the lending protocol within the Solana ecosystem, has announced the conclusion of its second season with a total of 1.1 million SLND tokens to be airdropped. Deposits with collateral from April 11th to July 12th are eligible for rewards, with double rewards for deposits made before April 17th.

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With the development of #DEFI and #RWA, prophecy machines are becoming the core of the underlying infrastructure of Web3 finance. As the market three major prognosticator projects: #LINK, #PYTH, #API3. #API3 deserves our strong attention.

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If US May new home sales meet forecasts, indicating a strong economy, it may short-term benefit cryptocurrencies, though long-term considerations, such as interest rate hikes, apply.

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Celebrity effect, hot events, etc., can become the core narrative of Meme coins.

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Vita Inu: Vita Inu is a dog-themed cryptocurrency built on the VITE network, aiming to be the world’s quickest and feeless dog-themed cryptocurrency. The team is currently developing futures markets, exchange listings, VinuSwap, and a Layer 1 blockchain.

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WienerAI is one of the best new meme coins to buy in 2024, combining humor with cutting-edge AI technology. This project stands out by offering an AI-powered trading bot packaged in a playful meme coin, attracting significant interest.

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Dogecoin's price history shows high volatility, influenced by market sentiment and celebrity effects. Despite a number of large price fluctuations, Dogecoin has maintained some market attention and investment value.

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GM5 is promoted through social media (Twitter, Telegram, Reddit), community activities (airdrops, holder benefits), partnerships (influencers, project collaborations), marketing campaigns (online ads, offline events), and content creation (blogs, videos).

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The US added 272,000 jobs in May, exceeding expectations, potentially strengthening the dollar. If the dollar strengthens, cryptocurrencies may depreciate due to a preference for holding dollars.

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Businesses and individuals use meme coins for marketing and brand promotion, capturing the attention of the younger generation.

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