With the tightening global regulatory environment for Crypto Assets, Chinese financial regulators have recently taken a new round of strict measures regarding stablecoins. According to Bloomberg reports, regulatory authorities have clearly instructed local brokers and think tanks at the end of July and early August to stop promoting stablecoins through research and public activities, and to cancel relevant seminars. This move reflects China's high vigilance against the risks of digital asset fraud and also shows that the authorities still maintain strict control over the development of the encryption industry.

As the cryptocurrency market enters a new bull run cycle, investors and analysts are filled with anticipation for the price peaks of mainstream assets such as Bitcoin (BTC), Solana (SOL), and Ripple (XRP) in 2025. On-chain data, capital flows, and market sentiment are shaping the future market trends. This article will combine the latest indicators and expert opinions to deeply analyze the potential and risks of the three major mainstream tokens, helping you seize the key opportunities in the next market cycle.

Conflux (CFX) has soared over 180% in a single month, forming a classic bull flag pattern in its technical chart, becoming the spotlight of the Chinese blockchain market. As the price approaches a key resistance level, traders and investors are closely following whether CFX can break through the consolidation zone and initiate a new round of pump. This article will provide an in-depth analysis of CFX's technical aspects, fundamentals, and upcoming major catalysts, helping you seize this potential opportunity.

In the increasingly competitive landscape of the Crypto Assets market, Pi Network (PI) has always attracted attention due to its large user base and innovative Mining model. With the technological innovations brought about by the upgrade of the Stellar protocol 23, is there hope for Pi coin to break through and challenge the $0.50 mark? This article will provide a Depth analysis of the upgrade details, market expectations, and potential risks, helping investors grasp the latest developments of Pi Network.

The pioneer of Bitcoin fiatization, El Salvador, has made another astonishing move — President Nayib Bukele announced through social media plans to introduce "Bitcoin Banks" into its economic system. This move aims to deepen its Bitcoin-driven economic strategy, but the specific regulatory framework and operating model have yet to be disclosed. If implemented, it will reshape the financial service landscape for nearly 70% of the unbanked population in the country. The plan originates from Bukele's proposal last year for a "Private Investment Bank" (BPI), aimed at providing a more flexible and lightly regulated banking environment, allowing registration as a digital asset management institution. Despite being favored by figures like Max Keizer and Cathie Wood, the IMF continues to warn about the volatility risks of crypto assets.

The historic breakthrough of the multi-year bull market flag has been confirmed by the monthly chart! Bitcoin (BTC) made a strong rebound after a deep pullback from $113,000, successfully reclaiming the key position at $116,000. The perfect filling of the CME gap signifies a complete technical strengthening. Renowned analyst Doctor Profit confirms a short-term ATH target of $140,000 to $145,000, while macro channel analysis shockingly reveals an ultimate target of $250,000! The monthly breakthrough opens up a 130% upside potential, and the two instances of market panic sell-offs cumulatively triggered $214 million in liquidations, which instead became the strongest whipsaw signal, thoroughly cleansing weak hands, and diamond hands completed the final build a position. Technical indicators show that the macro sideways consolidation has ended, and the largest bull market cycle in history has officially started; $250,000 is no longer a dream but a mathematical certainty!

Ethena governance token ENA has shown impressive performance recently, rising 5.5% in a single day and achieving a 70% increase over three months. The strong momentum is due to a technical breakthrough signal (the 50-day EMA crossing above the 100-day EMA forming a golden cross) and significant favourable information in the fundamentals—its newly launched stablecoin USDtb has received a 90% asset endorsement from BlackRock BUIDL Fund. On-chain data shows that whale addresses (large holders) have increased their holdings by 30.19% in the past week, with smart money continuing to flow in. Currently, the ENA price is operating within a rising channel, and if it breaks through the key resistance of $0.65, the short-term target looks towards $0.70.

The Crypto Assets derivatives market is facing a key event—options contracts for Bitcoin (BTC) and Ether (ETH) worth nearly $5 billion will expire today (UTC time 8:00). Among them, BTC options account for over $4 billion (notional value), with a maximum pain point of $116,000; ETH options are approximately $876 million, with a maximum pain point of $3,675. The put/call ratio (PCR) shows that the BTC market is slightly bearish (PCR=1.46), while ETH is more neutral (PCR=1.14). In a persistently low Fluctuation environment, whether this large-scale expiration will trigger severe market Fluctuation has become the focus of traders.

Pi Network is undergoing a major strategic adjustment by strengthening the KYB (Know Your Business) verification system, prioritizing the distribution of Pi Tokens to compliance fiat on-ramp service providers rather than directly listing on Centralized Exchanges (CEX). This move aims to build a dual-track distribution framework centered around compliance, accessibility, and genuine user participation (KYB for businesses + KYC for users), curb speculative trading, and promote the practical application of the Pi ecosystem. With the addition of KYB certification partners such as Banxa, TransFi Onramp. Money, and Onramper, the Pi ecosystem covers over 100 countries and 170 payment methods, and the Mainnet migration process is expected to accelerate.

M2 Money Supply has reached a new historical high, with Ethereum (ETH) precisely tracking the global liquidity injection rhythm like a heat-seeking missile. The price has strongly rebounded from the Q1 low of $1,700 to around $3,900, a rise of over 129%. Institutional whales and smart money are demonstrating textbook-level buy low accumulation strategies, doubling down on every technical pullback to ensure that chip accumulation is completed before ETH breaks the key psychological barrier of $4,000. Technical analysis shows that ETH is setting up a series of bear traps, with far better resilience than Bitcoin. The short-term target is $4,200, with the mid-term aiming to challenge the historical high of $4,800 from 2021. The four-year bull run cycle blueprint indicates that the altcoin season is about to explode, and with the dual driving forces of M2 liquidity flooding and institutional allocation demands, the creation of a new ATH for ETH has entered its final countdown stage.

DOGE (Dogecoin) has initiated a new round of rebound from the $0.1950 area, successfully breaking through the resistance levels of $0.2120 and $0.2150. Currently, the DOGE price is stabilizing above $0.220 and is gaining momentum to challenge the key resistance at $0.2250. If it breaks through successfully, the next targets are $0.2320 and $0.2420; conversely, if it loses the support at $0.2150, it may pull back to the $0.210 or even $0.2050 area. This article analyzes short-term trading opportunities for DOGE and the dynamics of the Crypto Assets market in conjunction with technical indicators and key price levels.

Blockchain giant Ripple announced an acquisition of global settlement platform Rail for $200 million, targeting the trillion-dollar stablecoin payment market. This move will integrate Rail's enterprise-level automation technology, significantly enhancing the competitiveness of its stablecoin RLUSD in cross-border transactions and B2B payments, providing an efficient alternative to the traditional SWIFT system. The acquisition is expected to be completed in Q4 2025, pending regulatory approval.

Bitcoin has successfully reclaimed the key resistance level of $115,000 and is currently trading around $116,377, with the next target pointing to $118,327. On-chain data shows that during the recent rebound, whales bought over 120,000 BTC in the range of $112K-$114K, indicating a buy the dip strategy. However, hidden risks are emerging simultaneously: long-term holders realized $44.5 million in profits within 48 hours, and new addresses and volume on the network plummeted to 131,000/219,000, revealing insufficient user activity. Although a rare net inflow of $33.25 million in spot was recorded on August 7, ending a months-long outflow trend, it is necessary to continue observing whether this indicates reversal indicators. Analysts emphasize that holding above $115K, along with a recovery in on-chain activity, is essential to confirm the rise.

Trump Crypto Assets 401(k) pension policy ignites altcoin frenzy, DeFi yield protocol leader Pendle (PENDLE) surged over 25% in 24 hours, reaching the highest price of 5.59 USD since January 7, with technical indicators showing MACD golden cross and RSI 66 double confirming bullish momentum. Layer 2 rising star Mantle (MNT) successfully broke through the wedge consolidation range, returning to the key psychological level of 1.00 USD, with the 50-day EMA breaking above the 100-day EMA forming a golden cross, targeting a price level of 1.41 USD corresponding to a 30% rise potential. The leading DEX in the Base ecosystem, Aerodrome Finance (AERO), shows a strong rebound within the rising channel, breaking above the 50% Fibonacci retracement level of 0.81 USD, with RSI 56 breaking above neutral levels, and technical targets locking in the 61.8% retracement level of 1.04 USD. The total market capitalization of the three major altcoins increased by over 5 billion USD in 24 hours, indicating that DeFi Summer 2.0 is about to arrive.

According to the Financial Times, China is secretly planning to launch a renminbi stablecoin, aimed at breaking the dollar's hegemony and bypassing the SWIFT cross-border payment system. In the past two months, financial regulatory authorities have intensively gathered experts to discuss the issuance path, but they face a fundamental contradiction: the conflict between decentralization technology and the strict financial control national policy. The central bank is most worried that the stablecoin could become a tool for capital flight and money laundering, while the CEO of blockchain infrastructure company Saga bluntly stated that this technology "cannot be centrally controlled." Although Hong Kong's Stablecoin Regulations have attracted Chinese institutions like JD.com and Animoca to compete for licenses, mainland China may miss the competition window due to the comprehensive encryption ban in 2025. South Korean companies fanC and Initech have already taken the lead in testing the Korean won stablecoin.

U.S. President Trump is about to sign an executive order legalizing retirement finance, allowing Crypto Assets to be included in 401(k) retirement account portfolios, leading to a big pump in the three major mainstream tokens. Bitcoin (BTC) has broken through the key resistance level of $116,000, with a technical target set at the psychological barrier of $120,000; Ether (ETH) has strongly rebounded 16% from the Fibonacci support level, approaching the decisive threshold of $4,000; Ripple (XRP) surged 11% this week to a high of $3.33, just a step away from the historical high of $3.66. Technical indicators show that the RSI of the three major coins has broken through the neutral level of 50, and the bearish momentum of the MACD continues to weaken. The potential inflow of trillion-dollar pension assets will reshape the funding structure of the crypto market, opening a new chapter in institutional adoption.

Amid overall market uncertainty, the Pudgy Penguins token PENGU has emerged strongly, rising 13% in 24 hours to $0.0372, with trading volume surging by 60%, significantly outperforming mainstream assets like Bitcoin and Ethereum. On-chain data shows that $2.1 million worth of PENGU has flowed out of exchanges, revealing signs of Coin Hoarding by Large Investors; bullish bets in the derivatives market have reached $7.67 million, while short positions are only $3.18 million, indicating a bullish sentiment. The technical analysis confirms a bullish falling wedge breakout, with analysts targeting a price of $0.041. If it holds above the $0.0365 support, it could rise another 25% to challenge $0.0464. However, caution is needed regarding the leverage liquidation risks triggered by the key liquidation levels at $0.03465 and $0.0379.

The cross-border payment leader Stellar (XLM) has officially broken through the long-term downtrend channel. With the SEC and Ripple jointly applying to dismiss years of legal litigation, XLM recorded a double-digit pump within 24 hours and continued a 5% upward momentum on Friday. The technical analysis shows that the Fibonacci 78.6% retracement level of $0.4834 has become a breakout target, and if a confirmed close above this level occurs, it will drive the price to challenge the previous high of $0.5166, an 11% increase from the current level. The derivatives market saw an increase in open contracts by 40% to $434 million, with short positions liquidated reaching $1.17 million, and the long-short ratio rising to 1.0173, reflecting a recovery in risk appetite among institutions and retail investors, providing financial support for subsequent upward momentum.

On August 1, 2025, the Hong Kong "stablecoin regulation" will officially come into effect. The joint venture company Anchorpoint Financial Limited, formed by Animoca Brands, Standard Chartered Bank (Hong Kong), and Hong Kong Telecom (HKT), officially submitted an application for a stablecoin issuer license to the Hong Kong Monetary Authority (HKMA). This move aims to bridge the gap between TradFi and digital assets. The three parties have been involved in the HKMA's stablecoin sandbox testing since July 2024. In the face of a license competition involving over 40 institutions (including JD Technology, RD InnoTech, etc.), Animoca's chairman, Yat Siu, pointed out that the offshore dollar-pegged HKD stablecoin has unique advantages, and Hong Kong's clear regulatory framework will accelerate its transformation into an international fintech hub.