July 23 Market Key Insights, How Much Did You Miss?

律动BlockBeats

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1. On-chain Funds: $58M Flows into Polygon POS; $72.9M Flows out of Ethereum 2. Largest Price Swings: $PENGU, $ENA 3. Top News: Tether Reveals Partial Portfolio: Has Invested in 120+ Companies, with Emphasis on Bitcoin, Payments, and More

Featured News

1. Significant Rise in Some Base Ecosystem Tokens, with ZORA Leading the Way with a Nearly 70% Daily Gain

2. SPK Breaks $0.12, Nearly 300% Increase in the Past 2 Days

3. PENGU Surpasses BONK in Market Cap, Becoming the Largest Market Cap Solana Ecosystem Meme Coin

4. Tether Discloses Partial Portfolio: Invested in Over 120 Companies, with a Focus on Bitcoin, Payments, and Other Areas

5. Overview of Large Ethereum Holdings Changes by Institutions in the Past 30 Days: SharpLink Gaming Holds 360,800 ETH, Topping the List

Featured Articles

1. "Several Altcoins Finally Reach New Highs, What's Next for Crypto: New Highs or a Pullback?"

Against the backdrop of the Federal Reserve signaling a rate cut and continued crypto-friendly policies, market liquidity has fully recovered, and the crypto assets have ushered in a crazy surge. Bitcoin strongly broke through $120,000, once again hitting a new all-time high; Ethereum approached $4,000, reaching a high point in nearly six months. Small-cap altcoins are continuing to rise, coupled with resonance from ETFs and macro policies, the market sentiment quickly heats up, and FOMO spreads across the board. After this intense rally, where will BTC and ETH go next? See the latest views of frontline traders in the market.

2. "ZORA, Up 5x in 10 Days: The Value Discovery of Content Tokens"

When we initially drafted this memo internally, ZORA had just launched, the token price was rapidly declining, and the project narrative was still unclear. However, we were not betting on a meme coin but on a protocol capable of rapid iteration and with the ability for "on-chain attention monetization." Over the past few years, ZORA has evolved from a simple minting platform to a protocol-driven product with standalone L2 infrastructure, ultimately transitioning into a consumer-facing application that helps creators achieve on-chain monetization.