Merkle3s Weekly Market Overview 📊 7/29
1️⃣ Macro Market Highlights 📈
➡️ The market continues to maintain strong expectations for a rate cut by the Federal Reserve in September.
2️⃣ On-Chain Market Analysis 🛡️
➡️ $BTC remains in a strong high-level consolidation phase, with an overall healthy structure. Large funds continue to accumulate, with limited selling pressure; the trend is likely to continue, but short-term emotional fluctuations should be noted.
3️⃣ ETF Fund Flows Remain Strong 📈
➡️ Spot ETFs continue to see stable net inflows. This week, the net inflow for $BTC ETF is approximately $720 million, and for $ETH ETF, it is about $1.85 billion.
4️⃣ Meme Market Hotspots 🔥
➡️ The on-chain meme market landscape on #Solana has dramatically changed: the market share of the $PUMP platform has dropped to 8.19%, while the market share of #Letsbonk surged to 79.8% in 24 hours, and Jup Studio's market share rose to 8.38% under the leadership of Uranus.
5️⃣ Clone "MicroStrategy" Layouts Intensify 🚀
➡️ $BNB: CEA Industries (VAPE) and 10X Capital announced a $500 million private placement with support from YZi Labs to create the world's largest publicly listed BNB treasury company.
➡️ $SUI: Mill City Ventures III, Ltd. announced a $450 million private placement to initiate the SUI treasury strategy.
➡️ $ENA: StablecoinX will invest $260 million to launch the ENA treasury strategy, planning to list under the code "USDE" on NASDAQ.
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