Ether broke through 4000 dollars, reaching a two-year high, with Layer 2 continuing to rise.

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Crypto Assets Weekly: Ether Surpasses $4,000 for the First Time in Over Two Years

Welcome to this week's Crypto Assets Weekly Report. We will bring you key market trends, in-depth insights into emerging protocols, and fresh industry dynamics, aimed at enhancing your expertise in Crypto Assets and Web3.

Market and Industry Overview

Last week, Layer 2 showed overall positive growth, with Starknet experiencing the most significant increase at 19.64%. Notably, protocols such as Stear Protocol, Polynomial Protocol, Interport Finance, Fringe V2, and Carmine Options displayed considerable TVL growth rates.

Gryphsis Crypto Assets Weekly Report: Ether breaks 4,000 USD for the first time in over two years

In the field of liquid staking derivatives (LSD), both the deposit amount and total withdrawal amount of Ether have increased, but the withdrawal amount is more pronounced, reaching 3.74%. In terms of market share, mainstream LSDs have also seen significant increases, with stETH showing the most remarkable growth at 13.01%.

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

In terms of real-world assets ( RWA ), the market value grew by 20.27% last week, and the 24-hour trading volume increased by 9.37%. The RWA tokenized treasury rose by 2.07%, and the value of tokenized U.S. Treasury bonds increased by 2.47%. Notable growth tokens include $CGT, $RWA, and $PROPS, while tokens such as $DEXTF, $LUMI, and $LAND experienced significant declines.

Gryphsis Crypto Assets Weekly Report: Ether Breaks $4,000 for the First Time in Over Two Years

This Week's Focus

Macroscopic Overview

This week, the stock market performed moderately, with the SPX and NASDAQ dropping by 0.14% and 1.14%, respectively. Important economic data to pay attention to in the coming week includes Germany's Consumer Price Index, Core Consumer Price Index, 10-year Treasury auction, crude oil inventories, and 30-year Treasury auction.

Gryphsis Crypto Assets Weekly Report: Ether Breaks $4,000 for the First Time in Over Two Years

Ether突破4,000美元大关

As the second-largest crypto asset by market capitalization, Ether broke through $4,000 for the first time this Friday, setting a new high in more than two years. Over the past 30 days, Ether has increased by 67%, outperforming Bitcoin's 57% rise. This surge is mainly driven by expectations that the U.S. may approve the spot Ether exchange-traded fund ( ETF ). However, analysts believe the chances of approval remain unclear, giving a probability of 50%-60%.

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Emerging Protocol Focus: NetMind

NetMind is a decentralized AI computing platform that aims to provide distributed computing power for AI model training and inference by utilizing idle GPU resources from users around the world. The platform offers various solutions, including NetMind Power, NetMind Chat, NetMind Avagi, and NetMind Life.

NetMind has launched its own blockchain, NetMind Chain, which uses the POA consensus mechanism and is fully compatible with Ether. The platform's native token, $NMT, is used to pay service fees and reward network participants. Currently, NetMind has a market cap of approximately $4.3 billion, with a strong recent performance, increasing by 107.9% in price over the past 7 days.

Gryphsis Crypto Assets Weekly Report: Ether Breaks $4,000 for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks $4,000 for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks $4,000 for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Investment Dynamics

  • Kravata has secured $3.6 million in funding to provide bridge services between fiat and crypto assets for web3 businesses in Latin America.
  • GoPlus Security completed a $4 million Series II financing round, dedicated to providing an open security service platform for blockchain users.
  • The Bitcoin trading app Oyl has completed a $3 million financing, supporting direct wallet transactions for Ordinals, BRC20, and Bitcoin native assets.

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Industry News

  • MakerDAO temporarily raised fees in preparation for potential Dai demand shocks.
  • BlackRock plans to purchase spot Bitcoin ETFs for its global allocation fund.
  • The Optimism Foundation plans to sell OP tokens worth $89 million.
  • Base announced that it will support EIP-4844 after the Dencun upgrade.
  • Coinbase's stock price has first surpassed the direct listing price of $250.

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Outlook for Next Week

In the coming week, the crypto market will continue to focus on the Federal Reserve's monetary policy direction, the progress of the Ethereum ETF approval, and the expectations of Bitcoin halving. Investors should closely monitor the market fluctuations that these events may bring.

Gryphsis Crypto Assets Weekly Report: Ether Breaks 4,000 USD for the First Time in Over Two Years

Disclaimer: This report is for reference only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions.

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GateUser-ccc36bc5vip
· 08-10 23:27
Trapped for a long time, finally breakeven.
View OriginalReply0
SerumSquirtervip
· 08-10 18:35
Bull, ETH has finally been liberated.
View OriginalReply0
ContractExplorervip
· 08-10 18:13
The younger generation is formidable! L2 has become solid!
View OriginalReply0
MainnetDelayedAgainvip
· 08-10 17:55
After 742 days, I finally reached 4000. I guess I'll have to wait again this time next year...
View OriginalReply0
CountdownToBrokevip
· 08-10 17:45
L2 is really rising a lot!
View OriginalReply0
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