Pelosi slapped China in public for acknowledging Taiwan independence. This revenge is 100% to be repaid, so there are still risks in the short-term market.

hot spot

This morning, Taiwanese authorities Tsai Ing-wen formally met with U.S. Congressional Speaker Pelosi, and awarded the latter the "Special Grand Shouqing Yun Medal" to thank the United States for "serving justice", Pelosi also said in her tweet. "Taiwan is a strong and dynamic democracy". In the face of such provocative behavior, we still use the important weapon of "strong condemnation". Although this response has been laughed at by various countries, it is still very useful to me and other leeks. After all, whether it is the US stock market or the currency market yesterday. There was no obvious decline, and many altcoins even went up again. However, I still want to remind everyone to pay attention to the risks. After all, my country is here, and it is impossible to lose face if I lose the economy and lose my life. Otherwise, our party will not be able to govern 1.4 billion people, so Hua Chunying's speech today, "I believe that the Chinese people are rational and patriotic, and our countermeasures will be very powerful, effective and resolute. Those of the US and the "Taiwan independence" separatist forces will gradually continue to feel I can’t believe this sentence. From my personal point of view, this story is definitely not over, and there may be armed conflicts in the future, so everyone still needs to pay attention to risks, ensure their stable assets, and don’t blindly chase high.

Let’s talk about the different views of the major investment banking institutions on the US stock market outlook. At present, most of the downturns, including Goldman Sachs, Morgan Stanley, UBS, Bank of America and other banking institutions, believe that the risk of recession is very large. However, the rebound in July was too fast, so we cannot interpret the market outlook with excessive optimism. And JPMorgan Chase has become the only bullish faction. JPMorgan Chase global market chief strategist Marko Kolanovic pointed out in a report that the peak of investor bearish sentiment has passed, and the stock price will rebound at attractive valuations. In the second half of the year, the risk-reward in the stock market will be more attractive. "Bad news" (weak economic data) is now "good news", with calls for a hawkish Fed, Treasury yields and inflation peaking. As for whose prediction is right, we can't tell yet, only time will tell.

Robinhood recently laid off another 23% of its staff. Although Robinhood’s second-quarter cryptocurrency trading revenue reached $58 million, an increase of 7% from the previous quarter, Robinhood Crypto was previously banned by the New York State Financial Services Authority (NYDFS) for violating anti-money laundering (AML) and cybersecurity regulations. ) fined $30 million. It seems that his life in the crypto bear market is not easy.

India's largest exchange, WazirX, has been investigated by regulators for allegedly laundering more than $350 million. It is too difficult to do business in India. Policy makers change their policies one day at a time. Distressed exchanges in money laundering are really doing everything they can to make money, and I feel sorry for the crypto workers in India.

Today, more than 7,000 SOL wallets were stolen. Although the major security agencies clarified in the afternoon that the stolen assets were not 580 million US dollars, but 8 million US dollars, the reason why the amount was so large was because of dead coins. It was counted, and actually did not lose that much money, but until now SOL officials have not given a clear reason for the theft, but just put the responsibility on the IOS system, saying that the private key was leaked due to IOS, this reason It is really untenable, because if IOS is not safe, then the users of BTC and ETH will definitely lose the most. In any case, SOL will not be able to turn. The fact is that BTC and ETH have never suffered large-scale losses for this reason, so this explanation It’s hard to make sense. Another thing that makes people ponder is that, in the face of such a major security crisis, the price of SOL does not fall much. This once again shows that SOL is seriously controlled by the dealer. In this way, SOL is not only a node too much. Centralization, even the currency is centralized, it doesn’t matter if SOL is a local dog, but the market value of SOL is as high as 13.6 billion US dollars, which is definitely not a good phenomenon.

Today Github suffered a large-scale malware attack, affecting more than 35,000 codebases, covering areas such as Crypto, Golang, Python, js, bash, Docker, and k8s. If there is a problem with github in the bull market, the decentralized GitHub like rad will be wildly hyped, but judging from the unwavering performance of rad today, it is still in a bear market mood.

At present, the three new L1 public chains are all in the process of getting incentive tests. These three are aptos, sui and aleo. Basically, there will be rewards for participating in the test network or running the test node. Students who like to study can try it. Maybe There are surprises in the bull market.

Quotes

BTC: There is still no obvious support signal at the 4-hour level of Bitcoin. The current trend is still a shock to find a support position, and the bottom support is around 22000. The upper resistance is near 24,000. If it stands firm at 24,000 again, the broader market will continue to rebound and then touch the position near the real resistance above 28,000.

ETH: eth has rebounded today, but it is not safe in the short term. The reason is that the story between the middle and Taiwan as I mentioned above has not ended, so there is no small risk, but although there are certain uncertainties in the short term, the middle In the long run, ETH still has favorable expectations for mergers and forks, as well as the upward momentum brought about by deflation after the merger, so in the long run ETH is still one of the most worthy of investment in encrypted assets.

[Disclaimer] The above content does not constitute any investment advice. According to the relevant documents of the "Risk Warning on Preventing Illegal Fund Raising in the Name of [Virtual Currency] [Blockchain]" issued by the China Banking and Insurance Regulatory Commission and other five departments in August 2018, please Look at the blockchain rationally, and don’t blindly trust others. The digital asset market is extremely volatile and risky, and you need to be highly cautious when entering the market.

[Risk Reminder] Digital assets fluctuate greatly and the risks are extremely high. Please participate with caution, put an end to the full-cow stud, and refuse loan leverage.