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BTC $68,192.28 +0.31%
ETH $1,973.43 +0.74%
BNB $629.51 +2.71%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $569.44 +2.54%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

looks

CZ: The future looks promising for three main directions: tokenization, payments, and AI

Binance founder CZ spoke at the "Financial New Era" panel discussion at the World Economic Forum in Davos, stating that the overall scale of the trading platform has surpassed last year. Currently, the crypto industry has two mature sectors: trading platforms and stablecoins. He is optimistic about three new directions for the future:First, Tokenization is a very important direction. By tokenizing certain assets, governments can effectively address financial issues, enhance the efficiency of the financial system, and thereby promote the development of related industries and trading markets.The second is Payments. In the past, we have also tried crypto payments, but frankly, there weren't many actual users. However, there is now a trend emerging: traditional payment methods are integrating with crypto technology. For example, users complete payments using cards like Visa and Mastercard, funds are deducted from their accounts, and merchants receive fiat currency, while settlements and bridging occur behind the scenes through stablecoins and blockchain. This model is gradually being implemented and will definitely develop in the future.The third direction is Artificial Intelligence (AI). He believes that the "native currency" of AI Agents should naturally be cryptocurrency, as blockchain is currently the most suitable native technological interface for AI Agents. Today's AI is not yet a true Agent; they do not book flights, reserve restaurants, or complete payments directly for you. However, once AI truly possesses the ability to act and transact, cryptocurrency will become its most natural and native method of payment and settlement.

Wintermute: The market structure looks healthier, and the market may continue to consolidate

Wintermute stated that although digital assets were initially dragged down by macro-driven pullbacks due to the stagnation of AI sentiment, and later impacted by the Federal Reserve resetting expectations, the internal structure of the market now appears to be substantially healthier. Major cryptocurrencies are showing clearer relative strength, market sentiment has completely cleared, and excess leverage has largely dissipated. The total open interest of perpetual contracts has decreased from about $230 billion at the beginning of October to about $135 billion today, primarily due to the deleveraging of long-tail assets and the exit of systemic capital flows. This shift has pushed market activity back to the spot market, where the depth and liquidity of the spot market remain better than expected during the thin trading holiday week.When leverage is reduced so significantly and capital flows are dominated by the spot market, recoveries tend to be more orderly than the mechanically driven short squeezes earlier this year. Negative funding rates and reduced net short positions in perpetual contracts have also lowered the risk of further passive liquidations, which will provide more breathing room for the market if the macro environment stabilizes. The next few trading days will set the tone for how we enter the final month of the year, but after weeks of macro-driven pressure, the conditions for market consolidation are finally in place.

Coinbase looks ahead to three major themes in the cryptocurrency market for the second half of the year, expecting Bitcoin to maintain an upward trend

ChainCatcher news reports that according to a Coinbase research report, the outlook for the cryptocurrency market in the second half of 2025 is positive, primarily benefiting from better-than-expected economic growth, corporate adoption of cryptocurrencies, and a clearer regulatory environment.The report indicates that the risk of a U.S. economic recession has diminished, showing signs of stronger economic growth. Approximately 228 publicly traded companies globally hold a total of 820,000 BTC, with corporate treasury adoption of cryptocurrencies becoming an important source of demand. Despite potential systemic risks, these are manageable in the short term.On the regulatory front, progress has been made in U.S. stablecoin legislation, with the "STABLE Act" and "GENIUS Act" moving forward, and a unified bill is expected to be reached before Congress recesses on August 4. Meanwhile, the U.S. Securities and Exchange Commission is reviewing about 80 cryptocurrency ETF applications, including those for physical creation/redemption, staking features, index funds, and single-token ETFs.The report believes that despite risks such as the steepening U.S. Treasury yield curve, the upward trend of BTC is expected to continue, while the prospects for altcoins may depend more on their specific factors.
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