Retail selling pressure is nearly exhausted, whales continue to accumulate, Bitcoin has been falling for nine months, and two steps remain before a trend reversal.

The Clarity Act becomes the biggest variable.

Divergence Between Fundamentals and Market Expectations.

Revenue and operating profit still fell short of the market's most optimistic expectations.

trade.xyz将全额赔付SKHYNIX价格异常导致的爆仓亏损

海公公，能不能再救我一次。

Will CRCL plummet, or will the crypto industry once again be ignored in the U.S.?

本周微软、Meta、苹果和亚马逊将公布财报，市场聚焦AI投入能否带动营收与利润增长，并检验资本支出成效；同时，美联储利率决议将影响科技股估值，财报与政策走向成为市场关注焦点。

In July, multiple Bitcoin whale wallets that had been dormant for years collectively moved funds, drawing market attention. Some addresses hold substantial unrealized profits, raising concerns they could trigger selling pressure. However, the moves could simply be portfolio reshuffling or security upgrades. Whether these on-chain anomalies will impact the market's outlook remains to be seen.

Once Changxin secures stable domestic expansion tools, DRAM supply is bound to increase. What impacts Samsung and SK Hynix is not next quarter's profit figures, but the long-term premium of "scarcity + pricing power" that supports their market capitalization.

The current competition is not for today's marginal revenue, but to see which company can be the first to control the capital flow data of the fully formed agent economy over the next five to ten years.

"การขายผู้ชนะในมือก็เหมือนกับการตัดดอกไม้ทิ้งไปรดน้ำวัชพืช"

Tokenized stocks advance on three fronts, but liquidity is being torn apart both vertically and horizontally.

A closed loop of "borrowing money to buy chips, selling chips to repay debt" is being rejected by the bond market. South Korea's KOSPI index has experienced its 8th circuit breaker of the year, with 320,000 retail investors' accounts liquidated to zero. Meanwhile, Apple has reclaimed the title of the world's most valuable company by market cap with the lowest capital expenditure. This is not just stock volatility; it marks the end of the underlying assumption that "capital will forever be cheap."

DTCC listing, proprietary trading platform, 70% market share – which is the real catalyst?

更早、更广的价格发现有价值，也有代价