On August 16th, CryptoPunks announced on its official social media that the CryptoPunks NFT intellectual property agreement has come into effect, and that this agreement will bring "endless creativity and possibilities" to CryptoPunks holders. In short, CryptoPunks has officially transferred its commercial rights to its holders. However, the community should note that Yuga Labs retains the right to modify the agreement to ensure it continues to provide the best service to the community.

Bitcoin: The third largest whale added another 879 Bitcoins in the past two days, continuing its buying spree. Bitcoin has been consolidating for five consecutive days after the recent drop. If it can hold its ground during a pullback and resist further declines, it will have a chance to re-enter a rebound. The longer it holds at this level, the more advantageous it will be for subsequent upward movements. ETH: The number of ETH addresses with more than 1000 ETH has reached a 10-month high, with large holders continuing to accumulate. Its recent overall performance has been slightly stronger than Bitcoin, and it is expected to maintain its strength. Holding is recommended.

Last December, Fei Protocol and DeFi protocol Rari Capital merged, allowing anyone to create lending pools on Rari Capital's Fuse platform, with different pools isolated from each other. Rari Capital, as a lending protocol, once held over $1 billion in deposits, and FEI, as a stablecoin, was also widely used within Rari. At the time, the merger was undoubtedly a powerful alliance, beneficial for expanding the market for both. Subsequently, Rari's RGT token was converted to TRIBE tokens, directly managed by the Tribe DAO, but this also foreshadowed subsequent risks and differing opinions within the community.

A Bank of America report suggests that while the Ethereum (ETH) merger may have driven a short-term price increase, Proof-of-Stake (PoS) cannot solve scalability and high-fee issues, making long-term value growth difficult. Given the current downward trend in macroeconomic conditions, the report is not optimistic about its future development. Ethereum's upgrade and merger to its ultimate form will require a process; technological development doesn't happen overnight. Therefore, the fundamental requirement for ETH to have tenfold growth potential is becoming a globally applicable underlying public blockchain. If you are optimistic about this, you can invest, rather than speculating on future certainty, as the Bank of America report suggests, and focusing on your own understanding of an industry and company's development.

Crypto investment has paid off handsomely for Animoca. Last year, Animoca recorded nearly $300 million in NFT and cryptocurrency sales, up from $5 million in total revenue in 2017 when it was just a game developer. In July, investors valued the company at $6 billion. However, securing this funding wasn't easy. Siu said negotiations lasted for months. Bloomberg News reported that some potential backers, including acquisition giant KKR, were scared off by the collapse of TerraUSD, a so-called stablecoin that proved to be fundamentally unstable. Siu declined to comment on specifics. "Everything in the cryptocurrency market eventually gets a little scary," he said.

Bitcoin: Its market capitalization share has dropped to 38.42%, near historical lows. At this level, the probability of it continuing to underperform other tokens is decreasing, so a short-term surge is expected. Consider allocating some funds to this area. Ethereum: The bottom of this round of correction has basically been found, and its performance is stronger than Bitcoin's, rebounding first. Strong resistance is at 1650; let's see if it can break through tonight.

The probability of a 75-basis-point rate hike by the Federal Reserve has surged to 70.5%, causing US stock futures to slide immediately upon opening and dragging the cryptocurrency market down with them. Data indicates that the US money supply has declined by only 1.3% from its peak, suggesting that the Fed's balance sheet reduction efforts have been lackluster; nevertheless, risk markets have reacted with alarm, suffering a broad-based sell-off. As Robert Kiyosaki has noted, markets across the board are collapsing—particularly real estate, stocks, gold, silver, and Bitcoin. While the Fed is set to continue shrinking its balance sheet, the pace of rate hikes may eventually slow; the ultimate outcome hinges on how the Fed manages the money supply to curb inflation. In short, the tightening cycle remains in effect, and given this bearish macroeconomic backdrop, market outlooks are bleak—a return to a bull market is unlikely to begin before the second half of 2023.