Rhythm Morning News｜A summary of important news from last night and this morning on August 6

Bitcoin rebounded and broke through $56,000

BlockBeats news, on August 6, according to HTX market data, Bitcoin rebounded and broke through $56,000, with a 24-hour increase of 0.61%.

SOL briefly rebounded to above $140

BlockBeats news, on August 6, according to HTX market data, SOL briefly rebounded to above $140, and is now quoted at $139.29, a 24-hour increase of 5.62%.

BNB rebounded and broke through $480

BlockBeats news, on August 6, according to HTX market data, BNB rebounded and broke through $480, and the 24-hour decline narrowed to 2.06%.

Zircuit opens ZRC airdrop claims

BlockBeats news, on August 6, the zkRollup network Zircuit has now opened ZRC airdrop claims, and ZRC will be in a non-transferable state.

7% of the total supply of Zircuit Token (ZRC) allocated in Season 1, 262,200 addresses are eligible to receive the airdrop. Season 2 was launched on July 7, and another 14% of ZRC will be reserved for future rewards.

The total amount of ZRC is 10 billion, of which 21.00% of the total tokens are used for airdrops and community reward distribution.

Top trader Eugene's social platform picture suggests that he may have opened a position again

BlockBeats news, on August 5, top trader Eugene Ng Ah Sio posted on social media, "One more time", and attached a picture of ETH and SOL 2x perpetual contract positions.

Eugene said yesterday that he decided to stay away from trading in the next few days to adjust his mentality.

Renzo opens second quarter airdrop query

BlockBeats news, on August 6, Ethereum re-staking agreement Renzo is now open for second quarter airdrop query.

BlockBeats previously reported that on July 28, Renzo announced that the second quarter snapshot was completed on July 26. Renzo's team is currently calculating enhancements, marking Sybils and conducting data analysis.

Yesterday's U.S. spot Bitcoin ETF had a net outflow of $168.4 million

BlockBeats news, August 6, yesterday's U.S. spot Bitcoin ETF had a net outflow of $168.4 million, achieving net outflows for two consecutive trading days.

Yesterday, the U.S. spot Ethereum ETF had a net inflow of $49 million

BlockBeats news, on August 6, according to Trader T monitoring, yesterday, the U.S. spot Ethereum ETF had a net inflow of $49 million, of which BlackRock ETHA had a net inflow of $47.1 million, FETH had a net inflow of $16.2 million, ETHV had a net inflow of $16.6 million, Grayscale ETH had a net inflow of $7.6 million, ETHW had a net inflow of $7.2 million, and EZET had a net inflow of $900,000.

Grayscale ETHE had a net outflow of $46.8 million.

Japanese and South Korean stock markets rebounded sharply

BlockBeats news, on August 6, following the plunge on Monday, the Nikkei 225 index opened up 2% on Tuesday, the Topix index rose 2%, and the South Korean KOSPI index opened up 3.7%. (Jinshi)

The probability of the Federal Reserve cutting interest rates by 50 basis points in September has risen to 83.5%

BlockBeats news, on August 6, according to CME Fed Watch, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 16.5%, and the probability of cutting interest rates by 50 basis points is 83.5%.

The US government address currently still holds 50,224 ETH, about 124 million US dollars

BlockBeats news, on August 6, according to Arkham data, the US government address currently still holds 50,224 ETH, about 124 million US dollars.

Founder of Real Vision: Personally, I think the next week is the last chance to enter the market in 2024/2025

BlockBeats news, on August 5, Raoul Pal, former executive of Goldman Sachs and founder of macro research institution Real Vision, posted on social media, "It's too early to draw conclusions now, but personally, I plan to increase my holdings of cryptocurrencies and technology stocks in the next week or so. I don't plan to buy at the bottom...but to buy at a good price in the macro summer and autumn that we have entered (but was unexpectedly interrupted by Japan).

I personally think this is a violent wash and reset of risk leverage, and a strong rise will be the last opportunity in 2024/2025.

Luckily I have an income stream so even if I am fully invested I can still add to my position… that is, I will become even more fully invested.

I do think this is all happening too fast and liquidity/policy responses will take time, and we also know that every government and central bank wants a weaker dollar and lower interest rates, so they may be inclined to let this continue for a while and then stop.

The Fed's eventual rate cuts will also bring a period of USD weakness, which helps shape the macro summer/fall.

Right now we are in the extreme fear zone. Hang in there and make a plan that fits your risk tolerance and time horizon.

Stay safe. Good things come to those who wait. Markets are never easy and the job of the bulls is to try to take you down.

Relax. This too shall pass.