August 15 Market Update: The U.S. government sells $600 million worth of BTC

I. Market Trends:

1. BTC is falling, altcoins are generally declining, and the market maintains a volatile bearish trend. The U.S. government sold $600 million worth of BTC and currently still holds $12 billion in BTC.

2. U.S stocks are fluctuating. July's CPI met expectations but remains high. If the U.S stock market does not crash, it will be difficult to significantly cut interest rates in September.

II. Market Highlights:

1. Public chain TON rebounds, with its ecosystem NOT following suit.

2. Old DeFi such as AAVE, CRV etc., are rising; funds flow into DeFi projects with actual income for hedging purposes.

3.The AI concept ATH rises and gets listed on Korean exchanges.