Ivanwooc

Robinhood Chain is starting to blow up again recently, but this time I’m not so much concerned with whether the “chain is hot.” Instead, I care about where the money is actually flowing.

In recent days, Robinhood Chain’s daily DEX trading volume once reached about $443 million, with over 3 million trades. Active wallets have also climbed back above 115,000. As capital returns, a batch of ecosystem tokens have started to surge quickly.

Right now, I’m focusing on three:

① $CASHCAT

One of the most representative meme leaders on Robinhood Chain. Recently it even surged to around a $250 million market cap. Daily trading volume was about $24.1 million and hit a new high.

The advantage is obvious: it has leader status and strong recognizability. But the problem is also clear—its market cap isn’t small anymore, so the odds for chasing it now are far worse than in the early stage.

My take: keep an eye on it, wait for a pullback—don’t chase.

② $PONS

I actually pay more attention to PONS.

It’s not just a meme—it’s an important Launchpad on Robinhood Chain. Recently the price has risen by about 30%, and the market cap at one point approached $95 million. At the same time, it generated daily income of over $200,000 and got listed on Gate.

If Robinhood Chain keeps producing new tokens, then a Launchpad is a “shovel-selling” business. Its staying power could be stronger than any single meme.

My take: among the three, it’s the most worth continuing to study the fundamentals and the pullback entry points.

③ $AI (Artificial Inu)

This is a particularly interesting side track right now: meme + AI + RWA. Recently it surged by about 80%, with a market cap reaching around $58 million. Plus, it puts meme and tokenized NVDA stock into the same LP—right on target with Robinhood Chain’s core RWA narrative.

However, the short-term gain has already been huge, so it’s not suitable for FOMO.

Besides that, I’ll keep tracking $INDEX, $STONKBROKER, and any newly launched projects.

The real question Robinhood Chain poses right now isn’t “will it keep going up?”—it’s:

In the next round, which token that hasn’t been fully priced yet will the capital rotate into, moving from leaders like CASHCAT and PONS?

That’s the key focus for finding Alpha next.

#Robinhood #CASHCAT #pons #AI #Crypto $ETH $SOL

Daily Market

US July PCE Exceeds Expectations, Weighing on the Rebound; BTC Encounters Resistance at $81,000 and Sees a Divergence Between ETF Eight-Day Inflow Streak and Price Action

The rebound in US PCE inflation has sparked concerns over stagflation. Meanwhile, tightening macro liquidity and profit-taking sell pressure at elevated levels are the market’s main risks.

BTC is being suppressed by stagflation worries triggered by US July PCE rising to 3.7%. The price has fallen from near the $81,000 peak to around $79,000. Although on-chain capital flows turned positive for the first time in nearly three months, profit-taking sell pressure remains after short positions were closed, especially within the dense resistance zone between $81,000 and $83,000.

Bitcoin spot ETFs have recorded net inflows for eight consecutive trading days, and August’s cumulative inflows have surpassed $3.0 billion. However, the incremental capital has not pushed the price through resistance, suggesting that the buying is mainly absorbing profit-taking and breakout-covering demand. Marginal pricing power has not yet fully shifted into newly dominant long positions.

Next, the key points to watch are: remarks from Fed officials at the Jackson Hole symposium, and whether BTC can break above $81,000. Do you think BTC can hold above $81,000 before the August close?

Daily Market

U.S. Treasury bond buyback expansion sparks renewed inflation fears, while spot BTC and ETH ETFs see net inflows for the sixth consecutive day

Institutional capital continues to flow in, driving a market that is volatile but leaning stronger; however, investors should still be cautious about shifting expectations for Fed rate cuts and the risks of volatility in U.S. Treasury yields.

BTC surged amid momentum from the U.S. Treasury expanding bond repo operations, which is also driving fiat depreciation trades. It is currently consolidating around $78,500. With macro risk-hedging demand, spot BTC ETFs have recorded net inflows for six consecutive trading days, pulling in $338 million in a single day and pushing total AUM to nearly $100 billion.

ETH is also seeing renewed allocation and repair in positioning. Spot ETH ETFs have recorded net inflows for six straight trading days, adding $116 million on a single day. Meanwhile, ETH on-chain staking participation has surpassed 35%, setting a new high and further tightening the circulating supply available to the secondary market.

Next, the key focus will be: remarks from Fed officials at the Jackson Hole symposium and the trend in U.S. Treasury yields. Do you think BTC can break above $80,000 before the September repo operations take effect?

Daily Market

Improved U.S. Treasury liquidity drives BTC choppy upward movement, with crypto ETFs seeing a large week-long inflow of $2.6 billion

Treasury liquidity injections have pushed capital back into risk assets, warming market sentiment in the short term, but geopolitical developments remain the main risk for pullbacks.

Last week, BTC rebounded sharply, catalyzed by the U.S. Treasury Department’s expansion of its Treasury buyback program, at one point nearing a $79,000 high. With improving macro liquidity, U.S. spot BTC ETFs recorded a net inflow of $1.92 billion last week, the largest single-week capital inflow since 2026.

ETH also saw a strong rebound, breaking above the $2,450 level. Spot ETH ETFs recorded nearly a $700 million net inflow last week, indicating that institutional capital is accelerating its spread into the second-largest crypto asset following improved macro expectations.

Next, key to watch: remarks from the Fed Chair at the Jackson Hole conference and the latest PCE inflation data. Do you think this round of ETF inflows can support BTC breaking above $80,000?

Daily Market

Strong ETF inflows boost a rebound in BTC and ETH, while short-term profit-taking selling tests the $80,000 mark

The crypto market is showing a recovery driven by ETF capital returning and short-seller squeeze dynamics. However, in the short term, concentrated profit-taking that sends coins back to exchanges increases the risk of localized pullbacks.

Supported by a net spot ETF inflow of $1.92 billion over the week, BTC is probing the $80,000 resistance level. On-chain data shows that more than 17,000 BTC—classified as short-term holdings—have been transferred to Binance for profit settlement. Meanwhile, long-term holders remain largely silent, and turnover pressure at elevated levels is significantly increasing.

ETH is also seeing capital repair. Its spot ETF attracted $697 million over the week, and the net inflow strength is notably higher than BTC’s, driving this rebound’s outperformance versus the broader market. That said, on-chain whales have begun deleveraging: large amounts of ETH are being deposited into exchanges to repay loans, suggesting that institutions and major whales are becoming more cautious amid the rebound.

Next, the key to watch is: changes in market expectations for Federal Reserve rate cuts, and how strongly BTC is being bought/absorbed at the $80,000 spot level. Do you think BTC this week can break through $80,000 smoothly?

Daily Market

BTC surges, then pulls back, while the ETF attracts strong inflows at the same time—bringing the market into a digestion phase at elevated levels.

Overall, the market is in a high-range consolidation after a run of positive catalysts. Meanwhile, liquidation risk from high leverage in derivatives poses a short-term volatility risk.

After BTC broke above $79,000, it fell back to around $77,000. A short squeeze triggered by the U.S. Treasury’s doubled buybacks of long-dated bonds has temporarily eased. At the same time, as of the week of August 22, U.S. spot BTC ETFs recorded cumulative net inflows of $1.92 billion, the largest weekly addition in ten months, indicating that institutions’ long-term allocation demand remains firm.

With infrastructure gradually improving, stablecoins—led by USDC—are accelerating into becoming the underlying settlement network for micro- and high-frequency payments between AI agents. According to CoinDesk’s latest report, 99% of machine-to-machine autonomous payments choose stablecoin settlement, further expanding stablecoins into non-human payment scenarios beyond traditional finance.

Next to watch: whether BTC can hold the $77,000 support level, and the subsequent movement in U.S. Treasury yields. Do you think BTC can break above the $80,000 threshold soon?

Daily Market

Bitcoin Breaks Through $77,000 Under Short Squeeze and Strong ETF Inflows, Regulatory Push Strengthens the Rebound

Driven by improving liquidity and increasing regulatory certainty, the crypto market shows a strong rebound. However, investors should remain cautious about the risk of leverage liquidations after chasing price gains in the short term.

BTC price breaks through $77,000 as, supported by liquidity measures from the U.S. Department of the Treasury and a squeeze of derivatives shorts, more than $4 billion in short positions were liquidated over two days. Spot BTC ETFs have maintained large net inflows for multiple consecutive days, providing clear institutional spot-buying support that helped lift prices.

CFTC Chair said that if Congress fails to pass the “CLARITY Act” by September 15, the agency will, based on its existing authority, unilaterally establish rules for crypto margin trading. In addition, the SEC has for the first time approved Franklin Templeton to include its tokenized money market fund into traditional fund cash-management, accelerating the alignment between traditional finance and on-chain assets.

Next, the key focus will be: the sustainability of spot BTC ETF inflows and the implementation of regulatory policies around and after the bill vote in mid-September. Do you think BTC can hold above $80,000 in the near term?

Daily Market

The U.S. Treasury expands long-term bond repos to suppress yields, driving a strong BTC rebound above $71,000

Falling long-end U.S. Treasury yields have improved expectations for liquidity, lifting the overall crypto market. However, whether the rebound can be sustained still depends on whether easier macro liquidity can continue.

BTC broke above $71,000 to a nearly two-month high, driven by the U.S. Treasury’s expansion of long-term bond repo operations and the resulting suppression of yields. Improved macro liquidity expectations triggered large-scale short covering, with net inflows into spot BTC ETFs reaching $517 million on the day.

ETH rose to above $2,300, driven by both policy expectations and capital inflows. Net inflows into spot ETH ETFs were $189 million on the day. The U.S. government is pushing for a meeting between White House officials and top executives from the crypto industry, urging Congress to pass the CLARITY Act, further clarifying expectations for the regulatory boundary in the market.

Next, watch closely: whether U.S. Treasury yields can continue to trend downward, and the legislative progress of the CLARITY Act after Congress reconvenes in September. Do you think BTC can establish a firm break above $72,000 before September?

Daily Market

The US SEC is considering new rules for a crypto financing exemption. Institutional capital is flowing back, driving net inflows into spot BTC and ETH ETFs

Institutional funds and regulatory positives support a short-term sentiment recovery, but the Fed’s hawkish bias remains the main market risk.

The US SEC has proposed a new “crypto asset rules” regulation. It plans to establish two registration exemptions for crypto financing—$5 million and $75 million—and provide safe-harbor provisions. This move signals a shift in regulation from campaign-style enforcement to a compliance framework, reducing the policy tail risk for token issuers.

On August 19, spot BTC and ETH ETFs recorded net inflows of $189 million and $71.4 million, respectively, ending the prior streak of consecutive outflows. The return of institutional buying support helped BTC stabilize and rebound.

Next, watch: the hawkish extent revealed in the Fed meeting minutes, and whether net inflows into spot BTC ETFs can be sustained. Do you think BTC can hold above $65,000 in the near term?

Daily Market

BTC short squeeze rebounds to $65,000, as Visa accelerates the selection of stablecoin settlement partners

The market is showing a short-term rebound driven by derivatives-driven short squeezes, but insufficient spot follow-through and the high-interest-rate environment remain the main risks for a pullback.

BTC breaks above $65,000, mainly driven by the liquidation of shorts in the derivatives market, while spot buy pressure remains relatively weak. Although spot BTC ETFs saw net inflows of $137.3 million and ended a streak of outflows, most of the capital has been concentrated in Fidelity’s funds, indicating that institutional buying breadth is still lacking.

Visa is publicly soliciting new stablecoin settlement partners, with a focus on firms that hold compliant licenses in the US, Canada, and the UK. The move aims to fill the business gap left after partners were acquired by Mastercard, and to further expand support for Open USD settlement issued by platforms such as Stripe.

Next, the focus is on whether spot BTC ETFs can generate sustained buying, and whether US Treasury yields can retreat from elevated levels. Do you think BTC can hold above $65,000 in this round of the rebound?

Daily Market

BTC spot ETF sees nearly $400 million outflow over the week; the first U.S. spot fund winds down and exits the market

BTC fund flows have shifted from profit to loss and institutional sentiment is becoming more cautious. In the near term, the core risks lie in macro rate-hike expectations and tighter liquidity, which suppress rebounds.

BTC spot ETFs recorded net outflows of $389.7 million in the week ending August 14, breaking the previous streak of consecutive inflows. Among them, Fidelity’s FBTC saw net outflows of $153.2 million over the week. Meanwhile, capital accelerated toward top-tier products. The smaller-cap Hashdex spot BTC ETF completed its final day of trading on August 17 and began liquidation.

ETH spot ETFs had a slight net outflow of $2.26 million over the week, ending the prior trend of net inflows for five straight weeks. SOL spot ETFs, in contrast, still gained net inflows of $10.26 million, suggesting that high-beta assets retain some localized appeal even amid risk-averse sentiment.

On August 17 to 18, Binance rolled out multiple U.S.-dollar-margined TradFi perpetual contracts such as GDX and NET, with leverage up to 20x, further expanding access to cross-asset derivatives trading.

Next to watch: the Federal Reserve’s upcoming release of the July FOMC meeting minutes, and whether BTC can hold the $62,000 support level. Will the BTC outflow trend see a repair in the short term?

Daily Market

BTC continues to trade sideways around $63,000, as ETF outflows and regulatory delays heighten cautious sentiment

The crypto market remains range-bound amid cooling rate-cut expectations and institutional outflows. In the near term, the biggest risk lies in the Fed’s hawkish stance and the postponement of regulatory policies.

BTC is oscillating narrowly near $63,000, mainly pressured by last week’s net outflow of $389 million from U.S. spot BTC ETFs and the Fed’s hawkish messaging, which dampens buying interest. As funds exit leading funds such as BlackRock’s IBIT and Fidelity’s FBTC, the market maintains a tug-of-war within the range in the absence of fresh catalysts.

The U.S. SEC abruptly canceled a scheduled vote on new crypto regulations without announcing a rescheduled date, and Congress’s recess has effectively frozen the CLARITY Act, causing regulatory policy catalysts to stall. However, there is still localized rotation of capital: SOL spot ETFs attracted $10.26 million in net inflows last week, the highest weekly net inflow since May.

Next, watch closely for: the Fed’s remarks on rate policy in the meeting minutes, and whether BTC can hold above the $64,000 resistance level. With regulatory delays in mind, do you think BTC is more likely to break out, or that altcoins will rotate and take the lead?

Daily Market

BTC institutional outflows and on-chain unrealized losses suppress rebounds, with regulatory bill process extended to September

With institutional funds leaving and on-chain unrealized losses increasing, the market is likely to maintain a choppy and slightly weak pattern in the near term. The main risks are concentrated in the lack of incremental liquidity.

BTC spot ETFs saw net outflows of about $390 million in a single week, while the share of on-chain profitable supply fell to 51.4%, with nearly half of holdings in an unrealized loss position. The combination of capital withdrawal and capital being locked up has intensified a wait-and-see sentiment, weighing on BTC’s rebound momentum.

Before the adjournment, the U.S. Senate failed to vote on the “Clarity Act.” The relevant procedural vote has been pushed to after the September 14 return session. In addition, the Federal Reserve announced the termination of its special oversight program for crypto banks, folding it back into the standard regulatory framework. This reflects that regulators are gradually removing special restrictions on crypto-related business.

Next, key points to watch are: the progress of the September Senate push for the “Clarity Act,” and whether BTC spot ETFs can end net outflows. Do you think BTC can return to $65,000 before the expected September rate cuts are realized?

Daily Market

BTC comes under pressure and falls below $63,000; the SEC cancels a meeting and postpones deliberation on crypto financing rules

A hawkish stance from the Fed and ETF outflows weigh on short-term sentiment. The market has returned to a range-bound pullback. The biggest risk comes from expectations of tighter macro liquidity.

After BTC breaks below $63,000, the U.S. spot Bitcoin ETFs have recorded net outflows for two consecutive days, totaling $192 million withdrawn. Although the U.S. July PPI year-over-year fell to 4.7%, indicating easing inflation, hawkish remarks from Fed officials weakened expectations for rate cuts, preventing the crypto market from tracking the rebound in U.S. equities.

The U.S. SEC has canceled a public meeting originally scheduled for August 14, postponing the review of proposals related to exemptions for crypto financing and tokenized securities. The regulator’s delay of a clearly defined framework forces projects to continue using existing registration channels, which has suppressed momentum in the tokenization segment in the near term.

Next, watch: whether BTC spot ETFs can reestablish net inflows, and the latest tone from Fed officials ahead of the September rate decision. Against the backdrop of repeated swings in macro policy expectations, are you more inclined recently to reduce positions for risk avoidance or to buy the dip?

Daily Market

SEC Holds Regular Meeting to Deliberate New Rules for Crypto Issuance; Ethereum L1 Adjusts Quantum-Safe Roadmap

BTC and the crypto market remain choppy amid intertwined policy expectations and macroeconomic factors. A cautious short-term tone is shaped by slower institutional inflows and a delay in legislation.

On August 14, the SEC held a public regular meeting and voted on “Crypto Asset Rules” (Regulation Crypto). It plans to establish a tailored framework that sets a maximum exemption amount of $75 million for token issuances that meet certain conditions. The vote opens only a 60-to-90-day public comment period. Against the backdrop of the congressional “CLARITY Act” being postponed to a September vote, regulatory agencies’ rulemaking through administrative channels has become the main path to compliance.

Ethereum developers and Ethereum Foundation researcher Justin Drake said that, thanks to breakthroughs in binary-field SNARK technology, Ethereum will abandon the Poseidon hash algorithm at the L1 layer and instead move toward the post-quantum cryptography roadmap by adopting traditional hash functions such as SHA2 or BLAKE2. This move significantly lowers the threshold for circuit verification. Production-grade virtual machine leanVM is expected to be released in 2027, with full-layer deployment completed in 2028, further strengthening long-term technical certainty.

Next to watch: the exemption details once the SEC rule proposal text is published, and the procedural voting progress for the “CLARITY Act” after Congress reconvenes in September. Do you think the new administrative regulatory rules can fill the legislative gap and boost market confidence?

Daily Market

CPI meets expectations, reinforcing expectations that the Fed will stay on hold; Fidelity files for Ethereum ETF staking

After the inflation data was released, the market entered a wait-and-see consolidation phase. Defensive sentiment among capital was notably stronger. In the near term, the main risk lies in continued liquidity contraction triggering a downside breakdown.

After BTC on August 12 saw U.S. July CPI year-over-year rise 3.4%—in line with expectations—it has held around $63,000, trading in a narrow range. The implementation of macro policy did not directly bring in incremental capital. On-chain data shows spot exchange trading volume has fallen to a multi-year low. Selling pressure appears to be fading, but there is still a lack of active buying demand. A BTC breakout will require fresh capital catalysts.

ETH received a boost from the evolution of spot ETF yield mechanisms. On August 11, Fidelity submitted an S-3/A amendment, seeking to add on-chain staking functionality to its Ethereum ETF (FETH). The proposal would allow up to 100% of holdings to participate in staking and distribute net earnings to shareholders on a quarterly basis. If approved by the SEC, it would open a new path for traditional asset managers to capture Ethereum’s native yield via ETFs.

Next, the key to watch is: the effectiveness of BTC support at $63,000 and the progress of Ethereum ETF staking approval. Do you think adding staking to spot ETFs can attract traditional capital to flow back into ETH?

Daily Market

BTC spot ETF flows turn to net outflows as the U.S. SEC plans to review new crypto regulatory rules

The momentum of institutional net inflows was temporarily slowed, with the market tending to avoid short-term volatility risk ahead of the release of macro inflation data.

On August 10, BTC spot ETFs recorded net outflows of $145 million, ending the prior streak of net inflows for five consecutive trading days. Meanwhile, Strategy (MSTR) disclosed that between August 3 and 9 it sold 1,690 BTC to raise $108.6 million for the repurchase of preferred shares, reducing its BTC holdings to 840,447 and issuing additional shares to expand its dollar reserves to $4.65 billion.

The U.S. SEC announced it will hold a public meeting on August 14 to vote on a rule proposal, Regulation Crypto, concerning investment contracts for crypto assets. The proposal plans to set up a $75 million maximum exempt financing facility and a decentralized safe harbor, aiming to establish a clear regulatory framework for token issuance amid delays in Congressional legislation.

Next to watch: the U.S. July CPI inflation data scheduled to be released on August 12, and the U.S. SEC’s voting outcome on the crypto rules proposal on August 14. Do you think the inflation data can provide BTC with fresh upside momentum?

Daily Market

Strategy: Trim BTC to replenish cash reserves; the crypto market pulls back before CPI is released

In the short term, crypto liquidity has tightened as macro inflation data is about to be released. Liquidations driven by leverage unwind and risk-averse sentiment have taken the lead.

Strategy (MSTR)’s latest 8-K filing shows that the company sold 1,690 BTC last week to repurchase preferred shares, and raised its cash reserves to a record $4.65 billion by issuing additional stock. The continued selling indicates that its strategy is shifting from simply accumulating BTC to prioritizing liquidity security for debt obligations and dividend payments.

Spurred by a Coldcard hardware wallet vulnerability, demand for custody security pushed U.S. spot BTC ETFs to attract $853 million last week. However, ahead of the Aug 12 U.S. CPI release, deleveraging in the market led to a short-term pullback in BTC and ETH.

Next, the focus will be on: the U.S. July CPI performance to be released on Aug 12, and whether spot ETF inflows can stay strong amid macro volatility. Do you think BTC can hold above $63,000 after this CPI data is released?