Today in the crypto world, there are too many melons, let's sort out the key points. Those who understand are all old players —

First, let's look at the macro: the US and Europe are close to reaching a 15% tariff agreement, which will have some impact on the global flow of funds, and the crypto world also needs to pay attention to the direction.

And then there was the big event: Block (the one holding 8584 BTC) has officially entered the S&P 500 today! The traditional market has handed a ticket to crypto assets, isn't this signal clear enough?

What's even more intense is BitMine, which just launched options trading on the NYSE and directly stated that it aims to acquire 5% of the total ETH supply (about 6 million coins). Is this a strong bet on ETH, or is there some big move happening? Let's wait for the follow-up.

Attention, Aspecta friends: The total token supply is 1 billion, with 45% allocated to the community and ecosystem (including airdrops, market incentives, etc.). You can check the airdrop at 3 PM tonight and claim it at 6 PM! Don't miss out on this opportunity to reap the rewards.

Let's talk about the recent wild moves with ETH: 620,000 ETH were unstaked in bulk, and it turns out the root cause was Aave? Someone withdrew a large amount of ETH deposits from Aave, directly pushing the borrowing interest rate to 10%! Those involved in loop lending, who were originally enjoying the interest spread with 14x leverage, now find the interest spread gone and are facing losses, so they can only rush to redeem stETH to reduce leverage, and the result —

Withdrawing stETH takes 21 days (it used to be done within a week), and now exchanging for ETH incurs a discount of 0.4%. I can only say that playing with high leverage gone wrong leads to this outcome...

FTX's creditors also have news: the next distribution is set for the end of September, releasing 1.9 billion this time (the disputed reserve has been cut in half). Remember to complete KYC and tax forms before August 15, don't get phished.

Mining company MARA also joins the game: issuing 850 million in convertible bonds, most of which will be used to buy BTC. Is this fear of missing out?

Litecoin is also gaining momentum: MEI Pharma raised 100 million, directly buying LTC as reserves, and Charlie Lee joined the board. This is the first company listed on the US stock market that still holds LTC, giving Litecoin a significant presence this time.

Here's a hot tip: Arthur Hayes says BTC could reach 250,000 by the end of the year, and ETH could surge to 10,000. He believes Trump's policies will direct credit into the crypto world, and stablecoins buying government bonds will also help boost the situation...