Market Overview
Main market trends
Overall market situation
This week, the cryptocurrency market experienced a significant pullback, with panic spreading. The sentiment index plummeted from 53% to 7%, indicating an extreme state of fear. The Federal Reserve sent hawkish signals, lowering the number of expected interest rate cuts from 4 to 2 next year, triggering around $1 billion in forced liquidations, and the market is undergoing a significant deleveraging process.
DeFi ecosystem development
The DeFi sector's TVL has seen its first negative growth in nearly two months ( -2.21% ). However, the market capitalization of stablecoins continues to grow ( USDT +0.55%, USDC +1.44% ), indicating that despite the market correction, the underlying liquidity is still flowing in. Projects like machine gun pools have become popular.
AI Agent Track
The market size of the AI Agent track has reached 9.9 billion dollars. The focus of investment has shifted from speculative AI.

From June 2 to 8, multiple crypto exchanges will launch new trading pairs and airdrops, while the South Korean presidential election and the Fed's economic report will also impact the market. FTX plans to allocate over $5 billion to creditors, and South Korean crypto exchange will delist Wemix Token. In addition, regulators continue to follow the legislative progress in the crypto market.

The meme coin launch platform SunPump on the Tron network has recently risen, with a market capitalization exceeding 1.1 billion USD in a short period, attracting a large number of users to participate and rapidly issue tokens. Compared to Solana's Pump.fun, SunPump leverages the advantages of the Tron ecosystem to achieve rapid growth. In the future, competition between the two will intensify, and users need to follow the development trends.

A certain American financial giant plans to launch Bitcoin and Ethereum trading services, and is actively laying out in the stablecoin and tokenization fields. The CEO stated that the company hopes to attract customers through encryption services, combining these assets with traditional investments, but holds a cautious attitude towards tokenization, focusing on market transparency and liquidity.

On August 10, 655 BTC (76,446,440 USD) was transferred from a certain platform to an unknown Wallet.

Ray Dalio announces his retirement, selling all shares of Bridgewater Associates and ending a 50-year investment career. He has successfully predicted several economic crises but remains vigilant about future debt crises, emphasizing that investors need to be aware of risks and optimize their portfolios. He summarized core investment principles and looks forward to the new generation of talent creating a glorious future for Bridgewater.

The launch of the Hong Kong digital asset ETF injects momentum into the market, driving the rise in the value of digital assets. In the face of the enormous data challenges in the digital money market, time-series databases serve as a solution, efficiently processing massive transaction data and supporting Technical Analysis, providing investors with comprehensive market trend analysis and decision support.

This article discusses the application of REV (Real Economic Value) in the valuation of public chains, emphasizing its advantages and disadvantages and its relationship with MEV, while introducing the F/R multiplier as an assessment tool. REV helps to comprehensively understand the economy of public chains, while the F/R multiplier reflects the market's expectations for the project. The reasonable use of these indicators can provide a comprehensive perspective for the evaluation of public chains.

This seminar focuses on Berachain's POL Consensus Mechanism and its tri-token model. Participating projects shared industry trends and technological innovations, showcasing the future development potential of the Web3 ecosystem.

Re-staking and liquidity re-staking: Exploring the emerging staking ecosystem
Introduction
Recently, re-staking and liquidity re-staking have attracted widespread attention among users hoping to increase ETH returns. According to the data, the total locked value of these two categories (TVL) has grown rapidly, ranking fifth and sixth among all categories, respectively. The re-staking ecosystem is developing rapidly; let us first understand its basic principles.
The background of staking and liquidity staking
Ethereum staking involves putting ETH to secure the network and earn rewards. While it can generate returns, there are also risks of penalties and lack of liquidity.
To become a validator, 32 ETH is required, which is a high threshold for many people. Therefore, pooled staking services have emerged, allowing multiple users to combine ETH to meet the minimum requirement.
Although these services allow staking any amount of ETH, the staked ETH remains in a "locked" state. Liquidity staking has emerged.

The Zest stablecoin protocol proposes innovative solutions for optimizing liquidity, achieving 100% capital efficiency, utilizing ETH's built-in yield to decompose risks and returns, catering to the needs of risk-averse users and those pursuing high leverage, showcasing the innovative potential of Decentralized Finance.

[Coin World] According to data platforms, as ETH breaks through 4300 USD, the market capitalization of ETH is now reported at 520.56 billion USD, surpassing Netflix and Mastercard, rising to the 25th position in the global asset market capitalization ranking.