ChainCatcher Selection

July 29 Market Important Events Overview

Where has this round of the crypto bear market reached? Fidelity's Q3 signal report provides a set of coordinates: the weighted NUPL has dropped to -0.01, BTC dominance has risen to 68%, and several indicators are close to historical capitulation zones. Referring to the bottom cycles of about 300 days in 2018 and 2022, the current 203-day adjustment may have completed two-thirds. The report suggests that October 2026 is a time window worth paying attention to, but it does not constitute a bottom prediction.

Visa and Artemis discovered through analyzing real transaction data from x402 and MPP that AI agents have begun to autonomously purchase digital services such as APIs, data, and computing power. A new payment model characterized by high frequency, low amounts, and no manual checkout is emerging. Although agent payments have already reached a preliminary scale, identity verification, expenditure control, compliance, and dispute resolution are still immature. The core value in the future may be more in the hands of distribution, trust, and payment infrastructure.

Global new banks have served nearly 1.5 billion people, but among the 368 companies still in operation, only 127 hold a full banking license. Behind the prosperity lies highly concentrated infrastructure, disappearing brands, and a systemic risk that customers are almost completely unaware of.

July 27 Market Important Events Overview

The number of new projects, financing and merger trends, the number of investors, the number of new tokens... Based on exclusive data from RootData, better understand the current state of the cryptocurrency industry's development and its position throughout the historical cycle.

July 26 Market Important Events Overview

Ethereum processes 70% more transactions per second than a year ago, but network revenue has decreased by 51% year-on-year. Currently, 2.84% of the annualized staking yield comes from protocol inflation, with users' actual paid transaction fees contributing only 0.19 percentage points. This article breaks down the staking yields, network revenues, and on-chain activities of six chains: Ethereum, Solana, Hyperliquid, Avalanche, NEAR, and Tempo, pointing to the same question: As block space becomes cheaper and transaction fee revenue continues to decline, how do public chains and their tokens achieve value capture?

July 23 Market Important Events Overview

A year and a half ago, Phemex was also hacked for over 70 million dollars.