8.09 Morning Report｜

Market Trends 📊

1️⃣ $BTC: In a volatile market, it's being dragged along by $ETH; this stage does not belong to it.

2️⃣ $ETH: After a standoff between bulls and bears, it broke through $4,000, with a vacuum above. Is the next target $6,400? Let's wait and see.

3️⃣ $SOL: After Trump issued the coin, it became a follower, and the on-chain wealth effect is present but not as wild as before.

Macroeconomics / Policy Highlights 🌍

4️⃣ The SPAC listing plan for the Solana treasury led by Joe McCann has been terminated.

5️⃣ Harvard University's endowment fund holds $116 million in BlackRock BTC ETF.

6️⃣ BlackRock: No plans to submit XRP / SOL ETF.

7️⃣ The Trump administration plans to push for the IPO of mortgage giants Fannie Mae / Freddie Mac.

8️⃣ Trump: Tariffs have a huge positive impact on the stock market.

9️⃣ The US and Russia are brewing a deal on Ukraine.

On-chain / Project Updates 🔗

🔟 Solayer will allocate 50,000 WCT tokens to active users in the ecosystem.

1️⃣1️⃣ @worldlibertyfi plans to raise $1.5 billion to establish a publicly traded company that holds WLFI tokens.

Sygnum launches institutional SUI custody and trading services.

1️⃣3️⃣ PumpFun transferred $5.6 million SOL to repurchase PUMP and moved part of it to the treasury.

1️⃣4️⃣ The Coinbase app has launched DEX functionality.

1️⃣5️⃣ REX Shares & Tuttle Capital launched the first ETF tracking Galaxy Digital with 2x leverage.

1️⃣6️⃣ S&P rates DeFi protocols for the first time, Sky receives a B-.