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Weekly Web3 Research | Market trend generally declined; ApeCoin released Q1 transparency report; The Fed may lower its benchmark interest rate by more than 2% in the next 12 months

As of 2023, Telegram holds digital assets worth $400 million. The total value of unlocked tokens this week is only $72.55 million. Cardano has activated the Chang hard fork.

Weekly Web3 Research | Market Experienced Significant Fluctuations; Tokenized US Treasury Bond Market Scale Exceeded $2B; Stablecoin Market Cap Continues to Grow for 11 Consecutive Months

The DOGS on-chain withdrawal function has been gradually opened, and the exchange and on-chain trading have been open since 8 pm on Monday. Bloomberg: Powell sends a signal of an interest rate cut to boost demand for US Bitcoin spot ETFs.

Daily News | BTC ETFs Continued to Experience Large Inflows, DOGS Failed to Stimulate the Performance of Altcoins

BTC ETFs continued to experience large inflows_ DOGS performance is average_ The Dow Jones Industrial Average has reached a new historical high.

DeFi Protocol Hack Results in $212K Loss Due to Smart Contract Vulnerability

On August 1, the decentralized finance protocol Convergence suffered a security breach due to a smart contract vulnerability.

Daily News | XRP Reaches Settlement with US Court, SOL/ETH Trading Pair Continues to Set Historical High

XRP surged 20% after reaching a settlement with a US court_ The Federal Reserve may cut interest rates by 50 basis points in September_ PlusToken selling pressure is not as huge as market predictions.

Daily News | Market Oversold Rebounded, Short-term Market Trend Will Continue to Fluctuate Widely

Bitcoin contract holdings have plummeted by over 30%_ Global stock markets oversold and rebounded_ Market sentiment enters a stage of extreme panic.

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