Crypto Assets Market Review and Outlook This Week

BTC and ETH Market Performance

This week, the Crypto Assets market is showing an overall trend of fluctuating decline. Both Bitcoin and Ethereum are exhibiting a fluctuating downward trend, mainly influenced by the following factors:

• The arrest of the founder of a digital communication platform
• The release of Nvidia's financial report triggered a market adjustment.
• The attitude of Ethereum co-founder towards Defi has sparked controversy

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

Important Event Review

1. The founder of a digital communication platform was arrested in France and charged with multiple felonies by the court, restricting his departure. This incident has had a negative impact on the related ecosystem.

2. The co-founder of Ethereum publicly stated his opposition to DeFi, which has sparked widespread dissent within the industry. If Ethereum does indeed abandon support for DeFi in the future, it could lead to the migration of numerous projects and weaken its competitiveness.

3. NVIDIA's financial report shows that second-quarter revenue exceeded expectations, but failed to bring surprises to the market, triggering a brief decline.

Overview of the Altcoin Market

This week's market sentiment index has sharply dropped to 38%, shifting from extreme greed to fear. The altcoin market lacks significant highlights except for Meme coins.

Top 5 public chains by TVL growth: Sei, Merlin, Aptos, Near, and Sui. Each chain has varying degrees of ecological development.

Top 5 tokens by increase: FET, PENDLE, ZRO, IMX, and TRB, belonging to AI, LSDFi, cross-chain, L2, and oracle sectors. The increase is significantly lower than last week.

The overall rebound strength of meme tokens is stronger than last week, thanks to the shift in support from the Ethereum ecosystem.

Social Media Hot Topics

This week, the most关注ed on social media is Layer 1 blockchain projects, but there is a general downward trend, reflecting the relative confidence of investors in infrastructure projects.

Track Performance

According to weekly return rate statistics, the GameFi sector performed the best, while the SocialFi sector performed the worst. However, the overall performance was negatively impacted by recent market events.

Outlook for Next Week

1. Bitcoin may show a volatile upward trend under the influence of macro data.

2. Ethereum is expected to continue outperforming Bitcoin, thanks to its ecosystem scale and support from Meme projects.

3. Altcoins are expected to mainly follow the fluctuations of macro data, making it difficult to develop independent market trends.

It is necessary to closely monitor the release of macro data such as the unemployment rate in the U.S. for August, which may trigger significant market fluctuations.