Overview

On July 26, 2024, the cryptocurrency market continued to show volatility. An independent Bitcoin miner received a massive block reward, drawing market attention. Ethereum ETFs experienced significant outflows, reflecting cautious investor sentiment. The rune market saw mixed performance, while technical innovations on the Bitcoin network made important progress.

Daily Macro

Bitcoin Market: An independent miner using a Bitaxe device mined block 853742, earning a reward of 3.192 BTC (approximately $207,039). BTC price remained resilient but showed slight fluctuations.

Ethereum ETF: Grayscale's ETHE saw an outflow of $346.2 million on the third trading day, about three times faster than Bitcoin ETF outflows.

Macroeconomic Data:

Market analysis predicts the Fed will keep interest rates unchanged in July, with rate cuts beginning in September.
Stablecoin market cap exceeded $164 billion for the first time since May 2022.

Other Macro Information:

Marathon Digital purchased $100 million worth of BTC, adopting a comprehensive HODL strategy.
A Kraken survey showed U.S. investors believe cryptocurrencies have greater growth potential than traditional investment tools.
Hong Kong's SFC warned the public about an unlicensed virtual asset trading platform called "CoinUnited.io".

Daily Focus

Independent Miner Hits Jackpot

Reason for Attention: An independent miner using low-cost equipment successfully mined a block, receiving a huge reward, demonstrating the decentralized nature of the Bitcoin network.

Related Asset Performance: Despite this positive news, BTC price still faced slight pressure.

Outlook: This event may increase participation from small-scale miners, but short-term impact on BTC price is likely limited.

Ethereum ETF Outflows

Reason for Attention: Grayscale's ETHE experienced large outflows, reflecting investor caution towards Ethereum ETFs.

Related Asset Performance: ETH price may face short-term pressure.

Outlook: Continued outflows could affect ETH's short-term price performance, but long-term impact remains to be seen.

Next Focus

Rune Market Development

Potential Reasons: News such as Xverse wallet integrating rune Swap and frucksBTC collection soon to announce $WTF airdrop details show ongoing development in the rune ecosystem.

Related Assets: Rune tokens like $dog, $RUNECOIN, $PUPS may be affected.

CoinEx Daily: Bitcoin Miner Hits Jackpot, Ethereum ETF Sees Outflows