Raoul Pal: Cryptocurrency Market Cap to Exceed $100 Trillion by 2032-2034

According to Lookonchain monitoring, trader 0xc36A started short CASHCAT two days ago and currently has a floating profit of 529000 US dollars.

CZ said in the Talking Tokens podcast that the penetration rate of encrypted assets is still less than 1% in terms of wealth scale, and blockchain is a basic technology alongside the Internet and AI. CZ believes that in the future, there should be no distinction between traditional finance and encrypted finance. The tokenization of stocks and the adoption of blockchain by financial institutions are driving the integration of the two, ultimately forming a financial system.

The flow of Bitcoin ETF funds has reversed, from a net inflow of over 500000 BTC in 2024 to a cumulative net outflow of approximately 120000 BTC in 2026. （Cointelegraph）

[JPMorgan: AI Sector Crowding Remains High, Suggests Waiting for Mid-August Window] JPMorgan's July 16 quantitative report noted that the Philadelphia Semiconductor Index has fallen approximately 19% from its June 22 peak, but the crowding in AI-related sectors has not yet been fully digested. The AI bubble interest score tracked by the model remains in a historically high range, with a probability of over 50% for the SOX to decline by more than 8% in the short term. JPMorgan advises investors to wait for the mid-August window or adopt defensive strategies, while A-share investors can wait for clearer right-side signals.

Cryptocurrency analyst Stacy Muur stated on X platform that in the past year, Sky and Ethena generated almost the same fee income, with Sky generating about $413 million and Ethena about $362 million, but Sky protocol revenue was about $240 million and Ethena only about $12.4 million. The differences in business models lead to different income distributions. Sky profits from borrower fees and stablecoin collateral income, with most of the income remaining at the agreement level; Ethena profits from hedging collateral, with the majority flowing to sUSDe holders. Ethena is more susceptible to a decrease in funding rates, with Ethena TVL decreasing by 16% and Sky TVL increasing by 0.5% over the past month.