07:11
The US dollar edges lower as investors await the release of US CPI data
According to Jinse Finance, the US dollar edged lower but remained within a narrow trading range as investors awaited the release of the US Consumer Price Index inflation data on Tuesday. The dollar declined last week, mainly due to weak employment data and the temporary appointment of Milan as a Federal Reserve governor, which increased the likelihood of a rate cut. Tuesday’s data may reveal the early impact of US trade tariffs on inflation. Chris Weston of Pepperstone noted that the market is focused on the extent to which core goods inflation is affected by tariffs.
06:57
A major whale sells UNI and AAVE, reallocates to LDO and ENA
According to Jinse Finance, on-chain analyst Onchain Lens (@OnchainLens) has monitored that a certain whale completed several large transactions in the past 24 hours. The address swapped 300,662 UNI tokens for 756 WETH (approximately $3.19 million), earning a profit of $895,000, and also exchanged 1,000 AAVE for 72 WETH (about $307,600). Subsequently, the address used 738.85 WETH (around $3.11 million) to purchase 2.31 million LDO at a price of $1.35 per token, and spent 220 WETH (about $922,700) to buy 1.21 million ENA at a price of $0.76 per token.
06:26
Opinion: The Price Surge in This Cycle Is Driven More by External Factors Such as Macroeconomics, ETFs, and Policy Influences
According to a report by Jinse Finance, citing charts released by @cmdefi, Uniswap’s current TVL is hovering around 60% of its previous peak. Since the current ETH price is close to its 2021 level, the data still reveals some insights and hints at where the market could head next: On DEXs, most on-chain native assets are paired with ETH. In 2021, the on-chain application boom led to a surge in asset issuance and a large number of ETH trading pairs, which is noticeably different from the current cycle. Although ETH prices have returned to 2021 levels, the market is clearly not being driven by on-chain adoption. Activities such as asset issuance and liquidity creation on-chain have dropped significantly this cycle, which is indirectly reflected in the TVL data. This cycle’s price increase is more influenced by external factors (macroeconomics, ETFs, policy, etc.). With companies like DAT establishing strategic reserves as a major force, if the next step can drive capital back on-chain and spur significant application innovation on the existing foundation, the market’s momentum will become more diversified. This could very well be the key factor determining how much higher the market can go in the future.