The cryptocurrency market has recently shown a fluctuating trend, with major currencies performing unevenly. Bitcoin (BTC) has fallen below the $113,000 mark, while Ethereum (ETH) is hovering around $4,150. Market participants are closely watching the important speech scheduled for Friday, anticipating the potential market volatility it may bring.

At the same time, Solana (SOL) is closely following in Ethereum's footsteps, with its price fluctuations remaining synchronized. It is worth noting that OKB has continued its strong upward momentum, with a daily increase of over 50%, once again setting a new all-time high.

On the exchange front, South Korea's Upbit has announced the launch of multiple trading pairs for AERO, which may open new listing channels for decentralized exchanges. Regarding regulation, the acting chairman of the U.S. Commodity Futures Trading Commission (CFTC) has announced the initiation of a new round of cryptocurrency regulation plans, indicating that regulatory agencies are intensifying their focus on this sector.

There are also some interesting news circulating in the market, such as reports that the first buyer of the YZY project is a trader who has made over $100 million in profits through trading. In addition, Federal Reserve official Collins stated that if the labor market outlook worsens, they may consider a rate cut in the short term. However, according to data from the Chicago Mercantile Exchange (CME), the probability of a rate cut in September has dropped to 75%.

In terms of technological innovation, there has been a significant change in the synthetic Bitcoin landscape, with cbBTC launched by Coinbase becoming the fastest-growing synthetic BTC product on the Ethereum network. Meanwhile, the U.S. political sphere is actively discussing issues related to digital currency, with provisions opposing central bank digital currency included in the defense bill that must be passed by the U.S. House of Representatives.

It is worth mentioning that Verb Technology Company announced it will be renamed Ton Strategy Company and has acquired TON assets worth $713 million, a move that has sparked market attention on the future development of the TON ecosystem.

Legally, U.S. Department of Justice officials stated after the Tornado Cash ruling that "writing code without malicious intent is not a crime," which could have a positive impact on the development of the encryption industry. In addition, the $464 million civil fraud penalty faced by Trump was rejected by the New York State Appellate Court, and this decision has also attracted widespread attention.

The current market is in an adjustment phase, and investors need to be patient and closely monitor the potential impacts of various factors on the market, including the upcoming Jackson Hole meeting, ETH staking withdrawals, and other events. In this market environment full of opportunities and challenges, it is especially important to remain calm and rational.