Bloomberg ETF analyst Eric Balchunas stated: “The era of Meme coin ETFs is about to begin, with the REX-Osprey Dogecoin ETF (code DOJE) scheduled to be listed on Thursday, although it follows the Investment Company Act of 1940 just like $SSK.
Currently, there are still a large number of holders of the 33 Act waiting for approval from the U.S. Securities and Exchange Commission.”
CFX Price Range Forecast - **Conservative Forecast**: $0.47 - $0.57 (based on institutional short-term targets and technical resistance levels). - **Optimistic Forecast**: $1.06 - $1.43 (if ecosystem development exceeds expectations or if the overall market bull run is strong). - **Extreme Scenario**: Some technical analysis suggests a potential challenge of $1.75 (but requires multiple positive supports, such as large-scale adoption or regulatory breakthroughs).
Bitcoin Consolidates After Plunge: The Double Squeeze of Geopolitics and Inflation
1. Bitcoin Consolidates After Plunge: The Double Squeeze of Geopolitics and Inflation. Bitcoin is weakly fluctuating in the $115,000 to $116,000 range today, having retreated nearly 7% from last week's historical high of $124,000. Two triggers led to this crash: 1. The Ghost of U.S. PPI Inflation Reemerges: The Producer Price Index surged by 0.9% month-on-month in July (expected 0.2%), reaching a three-year high, extinguishing market fantasies about a significant rate cut by the Federal Reserve in September. 2. Trump-Putin Meeting Triggers Geopolitical Anxiety: The U.S. and Russia failed to reach an agreement on Ukraine, and Trump's shift towards supporting a 'comprehensive peace agreement' is seen as strengthening Putin's position, which heightened risk aversion and pushed up gold while severely impacting Bitcoin.
Bitcoin is 'lying flat' around $117,500, while Ethereum is still 4% away from the predicted price.
The cryptocurrency market's weekend feels like it has been paused: Bitcoin is 'lying flat' around $117,500, Ethereum is still 4% away from the predicted price, while the Hong Kong stablecoin market is experiencing growing pains after a major compliance test. Under the surface calm, a leverage liquidation storm sparked by U.S. inflation has already swept away $1 billion, while the NFTOPIA conference in the virtual world is bustling—this perfectly reflects the current market's magical metaphor: half frozen, half boiling. 1. Bitcoin's 'moment of pretending to sleep': Narrow fluctuations conceal the danger of a trend reversal. Today, Bitcoin is like a child who loves to stay in bed, dozing off in the small range of $117,000 to $117,800. The technical Bollinger Bands have contracted to the extreme, like a tightly stretched string, hinting at the calm before the storm. But don't be fooled by the pretense of sleep—$116,500 is its 'get-up bottom line'; if it falls below this, it may trigger programmatic selling, targeting $113,500; if it can hold, it might surge to test the psychological level of $120,000.
The rollercoaster of the cryptocurrency world: The magical day when institutions "quietly buy the dip" while retail investors are liquidated.
The rollercoaster of the cryptocurrency world: The magical day when institutions quietly buy the dip while retail investors are liquidated. Today's cryptocurrency market is like a cup of cappuccino that hasn't been stirred—after the surface bubbles burst, only the bitter espresso remains. Bitcoin just reached a historic high of $124,500, only to plummet to $117,000; Ethereum fell below $4,400, with 230,000 people liquidated for $1.062 billion within 24 hours. Behind this intertwining drama of ice and fire, five major events are reshaping market logic. First, the Federal Reserve removes shackles: the channel for banks to enter is officially opened.
Cryptocurrency Roller Coaster: $1 Billion Vanished in a Day, 230,000 Investors Liquidated on a Black Thursday
Cryptocurrency Roller Coaster: $1 Billion Vanished in a Day, 230,000 Investors Liquidated on a Black Thursday Today's cryptocurrency market resembles a cup of cappuccino that hasn't been stirred—after the surface bubbles burst, only the bitter concentrated bottom remains. Bitcoin just hit a historic high of $124,500, only to plummet 4% to $118,400; Ethereum dropped below $4,500, with 230,000 people liquidated in 24 hours for a total of $1.062 billion, of which $880 million was long positions. Behind this dramatic turn is the reshaping of market logic by five key events. 1. The Ghost of Inflation Returns: A Bloodbath Triggered by a PPI Report
Analyzing the Three Major Driving Factors and Market Impact of Bitcoin's Historic Breakthrough of $123,000 Bitcoin's Historic Breakthrough: Analyzing the three major driving factors and market impact of Bitcoin's breakthrough of $123,000, using key data tables for clarification. The Impact of New Stablecoin Regulations in Hong Kong: Interpreting the core requirements of the new regulations in Hong Kong and the structural changes it has triggered in the market. MetaMask's Stablecoin Ambitions: Unveiling the design logic of mUSD and the disruptive power of its 30 million users. The Bloody Liquidation in High-Leverage Markets: Dissecting the three major risk transmission mechanisms behind the $5 billion liquidation. Technical Signals for the Start of Altcoin Season: Analyzing the sector rotation opportunities behind Cardano's breakthrough from the perspective of capital rotation.
Analyzing the three major driving factors behind Bitcoin's breakthrough of $123,000 and its market impact.
Bitcoin's historic breakthrough: Analyzing the three major driving factors behind Bitcoin's breakthrough of $123,000 and its market impact, using key data tables for assistance. The shockwave of Hong Kong's new stablecoin regulations: Interpreting the core requirements of Hong Kong's new regulations and the structural changes they provoke in the market. MetaMask's stablecoin ambition: Unveiling the design logic of mUSD and its disruptive potential with 30 million users. The bloody liquidation in the high-leverage market: Analyzing the three major risk transmission mechanisms behind the $5 billion liquidation. The technical signal for the start of altcoin season: Analyzing the sector rotation opportunities behind Cardano's breakthrough from the perspective of capital rotation.
Cryptocurrency Roller Coaster: Ethereum Breaks $4600 to Set a Record, $5 Billion Evaporates Overnight for 110,000 Leveraged Players
Cryptocurrency Roller Coaster: Ethereum breaks $4600 to set a record, with $5 billion evaporating overnight for 110,000 leveraged players. Today, the cryptocurrency market presents a 'tale of two extremes': Ethereum leads the surge, breaking through $4600, with institutional funds pouring in over $1 billion through ETFs in a single day; on the other side, the high-leverage derivatives market is awash in blood, with 117,000 traders liquidated for $5.01 billion in a single day, setting the record for the most brutal liquidation in history. In this drama of simultaneous revelry and slaughter, policy and technological change are quietly reshaping the industry landscape. 1. OKB Surges 200%: The power of destruction economics and Layer 2 ambitions
Every time Bitcoin approaches its historical high, the market not only smells the scent of wealth but also the stench of blood.
--- Policy Dividend: Hong Kong and Mainland China Team Up, Blockchain 'Shifts from Virtual to Real' Welcomes Explosive Critical Point
**Seven Major Departments in China Join Forces, Blockchain Upgraded to 'Financial Infrastructure'** On August 11, the People's Bank of China, along with the Ministry of Industry and Information Technology, the National Development and Reform Commission, and four other ministries issued the 'Guiding Opinions on Financial Support for New Industrialization', explicitly elevating blockchain and artificial intelligence to 'financial infrastructure' for the first time, requiring financial institutions to use them to serve the real economy, especially to solve the financing difficulties of small and medium-sized enterprises.
#CFX Tree Map Blockchain has broad prospects, and the following is a specific analysis:
Significant technical performance advantages: The Tree Map Blockchain adopts an innovative Tree Map consensus algorithm, breaking through the limitations of traditional blockchain linear structures. Its 3.0 version will be launched in August 2025, at which time the transaction throughput can reach 15,000 TPS, more than 75 times that of Ethereum, with transaction confirmation times reduced to under 26 seconds. The number of nodes will also increase from 5,000 to over 10,000, covering more than 40 countries globally, providing strong competitive performance. Rich and diverse application scenarios: In the field of cross-border finance, the Tree Map Blockchain collaborates with financial institutions to pilot offshore RMB stablecoins in Belt and Road countries for cross-border payments and trade settlements, compressing the traditional 3-5 day process to completion in 26 seconds, with transaction fees reduced to 1/20 of traditional channels. At the same time, it promotes RWA, such as bulk settlement of commodities, reducing dispute rates by 92%. In addition, the Tree Map Blockchain has built an ecosystem covering DeFi, metaverse, digital copyright, gaming, and other fields, processing a total of 170 million transactions and serving over 25 million users. Significant strategic importance and policy support: The Tree Map Blockchain is the first platform in China to enter the global public chain first tier, carrying the national “Belt and Road” Web3 infrastructure tasks, reducing dependence on Western blockchain systems. It complies with the Chinese regulatory framework, has received policy support from Shanghai’s “Metaverse New Track,” and collaborates with institutions like Fudan University to build compliant financial models, with strong policy support providing robust assurance for its development. Extensive and deep ecological cooperation: The Tree Map Blockchain has connected cross-chain bridges with dozens of mainstream public chains globally, achieving interconnectivity of ecosystems. At the same time, it has reached strategic cooperation with AnchorX, Dongxin Pinghe, and others to jointly promote the issuance of offshore RMB stablecoins, cross-border settlement, and other application scenario benchmark projects overseas, and has co-developed the BSIM card with China Telecom to provide hardware-level security guarantees, further expanding its ecological influence.