AICoin Focus: Daily Hot Picks (August 21st)

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4 months ago

1. Hot search coins: SYS, rare, AAVE; Popular sectors: Sun Ge series, Curve ecosystem, RWA

2. BTC falls below the $59,000 mark, currently trading at $59,136, with a 0.78% increase in the past 24 hours

OKX-BTC/USDT is currently trading at $59,136.00, with a 0.78% increase in the past 24 hours. Please note the market fluctuations. Note: Multiple platform monitoring, the current mark is not the price for this trading pair. -Original

3. ETH falls below the $2,600 mark, currently trading at $2,603.10, with a 1.26% increase in the past 24 hours

4. Mt. Gox transfers 12,000 BTC, worth approximately $709 million, leading to a potential price drop

5. The Federal Reserve takes in $310.819 billion in funds in fixed-rate reverse repurchase operations

The Federal Reserve has accepted a total of $310.819 billion from 77 counterparties in fixed-rate reverse repurchase operations. -Original

6. Tether issues an additional 1 billion USDT on the ETH chain

At 01:54 on August 21 (UTC+8), Tether issued an additional 1 billion USDT on the ETH chain, transaction hash: 0x467531bffa8cab2b8ec954591aceafcc578ab5f1789aa32699e8a52f9ab08110. Note: The above data is from OKLink. -Original

7. The U.S. SEC rejects Cboe's 19b-4 application for a Solana ETF

According to informed sources, the U.S. Securities and Exchange Commission has rejected the 19b-4 application filed by Cboe BZX on behalf of two potential Solana ETF issuers. Previously, according to The Block, the agency reiterated its view to the issuers that Solana is a security. -Original

8. Crypto-supported candidate Ansari wins Arizona primary by a narrow margin of 39 votes

Another cryptocurrency enthusiast may enter Congress next year, as Yassamin Ansari won the Democratic primary in Arizona by a narrow margin. Ansari, a former deputy mayor of Phoenix, is likely to join the list of congressional members who increasingly support friendly regulation of the U.S. digital asset industry. -Original

9. Analysts state that despite market volatility, institutional investors continue to hold steady on Bitcoin

Analysts state that institutional investors are more inclined to maintain their Bitcoin holdings even in the face of increased volatility. Currently, over 60% of leading global hedge funds invest in Bitcoin through ETFs, highlighting the growing institutional interest. -Original

10. Analysis shows that major U.S. economic indicators still point to a slowdown, but no longer indicate an economic recession

Data released on Tuesday by the non-partisan nonprofit research organization The Conference Board shows that major U.S. economic indicators still point to a slowdown, but no longer indicate an economic recession. This is a positive signal for risk assets, including cryptocurrencies. The organization's Leading Economic Index (LEI) fell by 0.6% to 100.4 in July, following a 0.2% decline in June. According to data from MacroMicro, the index peaked in the second quarter of 2022 and has been declining since. The LEI includes several forward-looking indicators such as average weekly manufacturing hours, average initial claims for unemployment insurance, ISM new orders index, stock prices, and leading credit index. It helps identify changes in economic trends and turning points in financial markets and is considered one of the most reliable signals for an economic recession (defined as consecutive quarters of contraction). The continued decline in the leading index indicates that the economy is about to face headwinds. However, the six-month annualized change in the leading index narrowed from -3.1% in June to -2.1% in July, indicating a reduced risk of an economic recession. Justyna Zabinska-La Monica, Senior Economist at The Conference Board, stated in a release, "The LEI continues to decline on a month-to-month basis, but the six-month annual growth rate no longer signals a future recession." The latest data may provide comfort to bullish investors in risk assets. Given the recent market downturn and resulting subdued sentiment, stocks and cryptocurrencies may now be trading at relatively high levels of pain. Earlier this month, U.S. nonfarm payroll data showed a significant slowdown in job growth in July, sparking concerns about an economic recession. The U.S. Treasury yield curve steepened, signaling an economic recession, and the so-called Sam rule also issued a similar warning. The large-scale unwinding of yen carry trades added fuel to the fire. Charts show that despite the downward trend in The Conference Board's leading index, the coincident indicators that reflect the current economic situation are rising along with the lagging indicators. This is a typical sign of the late expansion phase of the economy. -Original

11. Nigeria plans to introduce a cryptocurrency licensing process to promote local crypto market development

As the adoption of virtual assets such as cryptocurrencies increases in West African countries, the Nigerian Securities and Exchange Commission (SEC) plans to issue licenses to virtual asset issuers. -Original

12. Justin Sun changes X account avatar to Wukong, leading to a short-term 8-fold increase in related meme market value to $5 million

13. Approximately 19 million USDC tokens have been bridged from Optimism to the Ethereum chain via Jumper in the past month

In the past month, approximately 19 million USDC tokens have been bridged from @Optimism to @ethereum via Jumper. -Original

14. Coinbase will support Across Protocol (ACX) transactions on the Ethereum network

The above are selected hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com)

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