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The crypto assets market is showing a pullback today. Mainstream Tokens are barely holding up with institutional support, but small market capitalization Tokens are performing mediocre due to insufficient funds. Nevertheless, there are still highlights in the market.
Ethereum ETFs have seen a continuous net inflow of funds for two weeks, attracting an additional $332 million yesterday, indicating that investors remain optimistic about it. Meanwhile, several new addresses have aggressively purchased Ethereum, totaling approximately $148 million to acquire over 40,000 ETH. Notably, two addresses have recently accumulated Ethereum worth over $600 million, highlighting the confidence of large funds in ETH.
In terms of regulation, it is worth noting that the White House will release its first cryptocurrency policy report on July 30, which will undoubtedly have a significant impact on the industry. At the same time, Tron (TRX) will ring the opening bell on NASDAQ today, marking an important advancement in its presence in the traditional financial market.
It is worth mentioning that the original EOS ecosystem's Vaulta (A) project has received a $6 million investment commitment from WLFI, which will inject new momentum into the development of the Web3 banking industry in the United States. However, the overall industry still faces challenges, as data shows that only 12% of Ethereum protocols and 25% of Solana protocols can generate revenue, with most projects still struggling for survival.
Nevertheless, some emerging projects still show strong growth momentum. For example, the total trading volume of the Hyperliquid (HYPE) platform has exceeded $15.6 billion, with the number of users surpassing 570,000, demonstrating impressive growth rate.
Looking ahead, the CEO of Bitget stated that the next round of bull markets will be driven by the implementation of practical applications, compliance advancement, and technological value. Although the current market is facing adjustments, the long-term development outlook remains optimistic. Investors need to stay vigilant, pay attention to market trends and policy changes, while also keeping an open mind towards potential projects.