Crypto Assets Market Weekly Report

BTC and ETH Market Performance

This week, the Crypto Assets market showed an overall volatile downward trend. Both Bitcoin and Ethereum exhibited a fluctuating downward trend, mainly influenced by several events:

1. A well-known instant messaging software founder was arrested.
2. Market adjustment triggered by the earnings report of a certain chip giant.
3. The co-founder of Ethereum expressed his opposition to DeFi on social media, leading to backlash from ecosystem project teams and users.

These events reflect the current market's weak purchasing power and investors' concerns about uncertainty in the future.

Important Events

1. The founder of a well-known instant messaging software was arrested in France and charged with multiple felonies by the court, restricting his departure from the country. This incident has negatively impacted the related ecosystem.

2. The co-founder of Ethereum publicly stated his opposition to DeFi, causing widespread backlash. If Ethereum indeed abandons support for DeFi in the future, it could lead to a mass migration of projects and weaken its competitiveness.

3. The financial report released by a chip giant showed that the revenue for the second quarter exceeded expectations, but it did not bring surprises to the market and instead triggered a brief decline.

Altcoin Market Overview

This week, the market sentiment index has dropped significantly to 38%, shifting from extreme greed to fear. Following a quick rebound, profit-taking has occurred, combined with the impact of the aforementioned events, leading to overall poor performance in the Altcoin market. Aside from Meme coins, the market lacks significant hotspots.

Top Five Public Chain TVL Growth

1. Sei: Integrated privacy computing layer, clarifying security events, supported by infrastructure developers.
2. Merlin: The BTC ecosystem has once again become the market focus.
3. Aptos: Active Meme coin project
4. Near: Implement important updates to improve on-chain efficiency; Chain abstraction track receives attention.
5. Sui: The on-chain Meme coin performs well, launching new projects.

Top Five Token Increases

This week's gainers list does not show the characteristic of "sector concentration"; the rising tokens belong to AI, LSDFi, cross-chain, L2, and oracle tracks. The increase is significantly lower than last week, mainly concentrated at the end of last weekend and early Thursday this week.

Performance of Meme Tokens

The rebound strength of the Meme coin sector is significantly stronger than last week. The Ethereum ecosystem is gradually supporting the development of Meme projects, bringing them a new wave of growth momentum. The focus of Meme project development is starting to shift to the Ethereum chain.

Social Media Hotspots

Layer 1 blockchain projects have the highest level of attention, but they are generally showing a downward trend, mainly influenced by the overall market decline. In the current market environment, investors maintain relatively stable confidence in infrastructure-related projects.

Theme Tracking

The GameFi sector performed the best, while the SocialFi sector performed the worst. GameFi underperformed due to the impact of the overall market, and SocialFi's overall performance was poor due to a significant drop in a well-known project.

Outlook for Next Week

1. Bitcoin: Lacking its own positive factors, mainly influenced by macro data, expected to possibly fluctuate upwards.

2. Ethereum: The ecosystem is starting to support Meme projects again, and performance is expected to continue to outperform Bitcoin.

3. Altcoin: It is expected to mainly follow the fluctuations of macro data, making it difficult to emerge from an independent market trend. Each sector lacks hotspots and may continue to be closely linked to the overall market movement.