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#ETH shows strength against BTC, will it relay the up-trend?##Fluidkey Launches to Tackle the Transaction Privacy Problems on #EVM Chains

The rise of AI agent applications is strong, and RWA and gaming are driving the transformation of the NFT market. The DApp ecosystem in the second quarter presents a complex situation: AI agent applications have rapidly risen, the NFT market is dominated by RWA and game assets, the total locked value in DeFi has increased but the financing amount has significantly declined, while security incidents have caused huge losses exposing the industry's vulnerabilities. Despite the rebound in cryptocurrency market prices, the DApp ecosystem is showing a trend of diversified development. AI agent applications are experiencing explosive growth, the value focus of NFTs is shifting from ostentation to functionality, and DeFi is seeking a balance between rising TVL and shrinking financing. These data not only reflect market activity but also reveal user flows, lagging sectors, and key trends that are reshaping the future of DApps. The current market is no longer driven solely by speculation. Users are beginning to pursue real value, whether it's AI agents completing tasks, NFTs associated with RWA, or providing

The research report from Citigroup predicts that the market size of stablecoins could reach between $1.6 trillion and $3.7 trillion by 2030, driven by regulatory changes. Stablecoins threaten the traditional banking ecosystem but also provide new opportunities for financial institutions, and some countries will promote the development of Central Bank digital currencies.

In last night's trading, the Bitcoin price experienced a slight pump, briefly reaching around $115,700, with an increase of over 2,000 points. However, this rise did not last, and the market experienced a pullback this morning. From the perspective of the daily candlestick chart, the price trend of Bitcoin remains in a range-bound oscillation pattern. It is worth noting that as the Bollinger Bands further open downwards, the market may show a bearish trend in the short term. Therefore, investors can adopt a bearish oscillation strategy in their future operations. For specific trading advice, consider shorting near the high of $115,000, and if the price rebounds to $115,600, you can add to your position. Below, you can pay attention to two important support levels at $113,500 and $112,000. Currently, the Bitcoin market seems to be in a stalemate, with investors waiting for a clear breakthrough signal. This oscillating pattern reflects the divergence among market participants regarding future trends, with both bullish optimism and bearish caution present. In this market situation, investors need to remain vigilant and closely monitor market trends and various macro factors that may affect the price of Bitcoin. At the same time, attention should be paid to risk management, setting reasonable stop-loss levels to cope with potential large fluctuations. Overall, the current Bitcoin market is at a critical turning point, and future trends may change rapidly due to unexpected events or significant news. Whether long-term investors or short-term traders, it is essential to remain calm and rational, making informed decisions based on individual investment strategies and risk tolerance.

The Web3 industry will undergo significant changes in 2024, including the approval of the BTC Spot ETF driving the popularity of encryption assets, the improvement of the regulatory framework promoting the expansion of business scenarios, the market shifting from recession to bubble, and the uncertainties brought by political and economic changes creating opportunities for the industry. Looking ahead to 2025, the industry will develop towards more robust business models and novel financing mechanisms, while also needing to follow policy dynamics and market transformations.