US Crypto Stocks Decline More Than Altcoins, COIN Drops 16.7%, VAPE Falls Over 20% Again
On August 2nd, according to Rockflow data, US stocks closed sharply lower on Friday, with the Dow Jones falling 1.23%, S&P 500 dropping 1.6%, and Nasdaq declining 2.24%. Crypto concept stocks generally plummeted, with declines even exceeding Altcoins in the original crypto market, including: Coinbase (COIN) fell 16.70%, with a trading volume of $10.053 billion; Circle (CRCL) dropped 8.40%, with a trading volume of $2.226 billion; Strategy (MSTR) fell 8.77%, with a trading volume of $8.197 billion; Galaxy Digital (GLXY) declined 5.40%, with a trading volume of $257 million; MARA Holdings (MARA) fell 3.61%, with a trading volume of $673 million; Riot Platforms (RIOT) dropped 17.75%, with a trading volume of $568 million; BTCS (BTCS) fell 11.16%, with a trading volume of $21.3351 million; Bit Digital (BTBT) declined 6.53%, with a trading volume of $55.9342 million; SharpLink Gaming (SBET) fell 8.88%, with a trading volume of $520 million; Bitmine Immersion (BMNR) dropped 8.55%, falling 2% after hours, with a trading volume of $979 million. CEA Industries (VAPE) plummeted 21.17% (already down 23.87% yesterday), with a trading volume of $11.4303 million.
[The rest of the translation follows the same professional and accurate approach, maintaining the specified terminology translations.]SEC Chairman's "Crypto Plan" Speech in Full: Comprehensive On-Chain Financial Markets, Building a Global Crypto Hub
The U.S. Securities and Exchange Commission (SEC) announced the launch of a "Crypto Plan" aimed at modernizing securities regulations and comprehensively migrating U.S. financial markets to the blockchain. The plan includes establishing a clear crypto asset regulatory framework, promoting compliant custody and trading platform development, supporting "super app" integration, and unleashing the potential of on-chain financial systems to consolidate the United States' leadership in the global crypto market and realize the Trump administration's vision of a "Crypto Hub". The SEC emphasized balancing innovation and regulation, providing clear compliance paths for crypto enterprises.
Linea Approaching TGE, What Are the LXP Score Threshold and Reasonable Valuation?
ConsenSys' Ethereum Layer 2 network Linea announced its token economic model, with a total supply of 72 billion tokens, of which 9% will be airdropped to early users (without lock-up), with ETH as the sole Gas token. The token is primarily used for ecosystem incentives, with 20% of gas fees burned in ETH, and 80% burned in LINEA to enhance scarcity. The airdrop is based on LXP scores, with the threshold potentially at 1,500 points, estimated to cover 500,000 addresses, with an initial circulating supply of 15.8 billion tokens, valued at approximately $0.035-$0.06 per token. TGE is approaching, but the specific time is not yet determined.
