Overview

Today's cryptocurrency market is showing a complex situation, with obvious short-term fluctuations, but there is still uncertainty about the long-term outlook. The U.S. core CPI in June recorded an annual rate of 3.3%, falling to a three-year low. The probability of an interest rate cut in September increased by about 20 percentage points to about 93%. Many Meme projects have released new marketing progress or institutional cooperation progress, and many leading projects in the Ethereum ecosystem have also released positive news.

Daily Macro

Bitcoin Market The U.S. core CPI recorded an annual rate of 3.3% in June, falling to a three-year low. BTC first rose and then fell after the CPI was announced. The German government sold more than 30,000 BTC in the past two days, leaving 9,000 BTC. JPMorgan expects the crypto market to rebound in August and complete liquidation by the end of July.

Macroeconomic Data The number of people filing for unemployment benefits in the United States fell to the lowest level since the end of May. Traders began to expect that the Federal Reserve might cut interest rates three times this year, and the probability of a rate cut in September increased by about 20 percentage points to about 93%. These factors may have a positive impact on the cryptocurrency market.

Daily Focus

Meme

Reason for Focus: Several projects have released new marketing progress or institutional cooperation progress. Floki will release a marketing announcement, Baby Doge announced a $PAWS airdrop for all token holders, DWF Labs announced a strategic partnership with the well-known singer Iggy Azalea, etc.

Performance of Related Tokens:

$FLOKI: Floki will release marketing announcement on July 17th
$BABYDOGE: Baby Doge announces $PAWS airdrop for all token holders, snapshot date to be announced
$MOTHER: DWF Labs Announces Strategic Partnership with Iggy Azalea

Market Outlook: Meme project-related marketing activities can stimulate community trading enthusiasm, and the access of professional market makers will greatly enhance the trading liquidity of Meme tokens.

Next Focus

Ethereum Ecosystem

Reason for Focus: The U.S. SEC may approve the spot Ethereum ETF on July 18, which will greatly benefit the leading projects in the Ethereum ecosystem.

Related Assets:

$LIDO - The community staking module testnet is now open.
$SSV - The SSV Network announced that its cluster is now running on Lido Finance’s simple DVT module on the Ethereum mainnet.
$MKR - MakerDAO announces Spark Tokenization Grand Prix to allocate $1 billion to tokenized real-world assets via SparkFi.
$BOBA - Boba Network has new content coming soon.

How to Participate: Participate in relevant activities and follow the latest progress of the project.

CoinEx Daily:BTC Rose and Then Fell Due to CPI, and the Probability of a Rate Cut Increased