Yesterday, the crypto assets market once again staged a thrilling performance. After the non-farm payroll data was released, Bitcoin (BTC) briefly surged before quickly retreating, as the market seems to have determined that the Fed will cut interest rates in September, but the extent remains questionable. Ethereum (ETH) started to surge before the data release, and after it was announced, it experienced a big pump followed by a big dump, with many chasing the price getting Tied Up. Notably, Solana (SOL) performed particularly strongly in this round of Rebound, and investors are advised to operate cautiously.

In terms of regulation, Nasdaq's new rules for listed companies purchasing Bitcoin will not affect MicroStrategy. Meanwhile, Robinhood has been included in the S&P 500 index, while MicroStrategy has not yet been selected. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pushing for the U.S. financial markets to operate 24/7.
In addition, the Senate Banking Committee updated the market structure draft, clarifying the exemptions and regulatory coordination mechanisms for auxiliary assets and decentralized physical infrastructure networks (DePIN). SharpLink plans to deploy part of its $3.6 billion Ethereum treasury to the Linea network to explore diversified staking paths.
It is worth mentioning that the BITWISE AVALANCHE ETF has been registered in Delaware. There have also been some unusual movements in small-cap tokens in the market, such as NOICE and KTA, with NOICE experiencing a doubling in price despite a market capitalization of less than $10 million.
Overall, major exchanges are creating wealth effects for their public chains, and market participants need to remain vigilant and view these short-term fluctuations rationally.