July 23 Market Dynamics: ETH is accessible through ETF, but performance is below expectations, and its fundamentals are gradually being surpassed by SOL

I. Market Dynamics

1. BTC fluctuates at high levels, altcoins generally fall.

2. U.S stocks rebounded. However, with Biden's withdrawal, the probability of interest rate cuts before the November election has decreased.

II. Market Focus

1. ETH series ETHERFI and ENS are on the rise. The public chain ETH passed through ETF today, overall performance is below expectations, its fundamentals are gradually being surpassed by SOL.

2. AI leader WLD continues to decline after a brief short squeeze. WLD begins large-scale unlocking, averaging 3 million WU unlocked per day.

3. TON ecosystem PIXFI plummeted; PIXFI is a highly popular game on TON's minor chain; its performance significantly fell below expectations after airdrop which brings uncertainty to other airdrops in the TON ecosystem.