CoinEx Will Delist ZKX

Check out this week's top 5 token unlocks.👆

What's your strategy for these projects? 🤔

📢 Upcoming CoinEx Server Upgrade for SPOT

We are excited to announce an upcoming server upgrade for our SPOT trading platform. Please find the details below:

Expected upgrade time: 4:00-4:10 on Aug 5, 2024 (UTC)
Protection period: 4:10-4:20 on Aug 5, 2024 (UTC)
🔴 Estimated time to complete: 4:20 on Aug 5, 2024 (UTC)

📌 Suspended Services:
┏SPOT trading
┗Transfer to/from Spot and Futures accounts

👉The exact completion time may vary

We sincerely apologize for any inconvenience this may cause.
Thank you for your understanding and support.

📈 Daily Market Review 📉

🔸Daily Macro:
🔹Bitcoin Market:
Bitcoin fell below $52,000 but now fluctuates between $54,000 and $55,000.

🔹Bitcoin ETF:
Reported a net outflow of $237.4 million on August 2nd.

🔹Ethereum ETF:
Reported a net outflow of $54.2 million on August 2nd.

🔹Macroeconomic Data:
U.S. added 114,000 jobs in July, below the expected 175,000. Unemployment rose to 4.3%, prompting expectations of a 50 basis point Fed rate cut in September.

🔸Daily Focus:
🔹MicroStrategy:
Plans to raise $2 billion to buy more Bitcoin. CEO Michael Saylor sees Bitcoin as a superior store of value. MicroStrategy holds over 200,000 bitcoins.

🔸Next Focus:
🔹Fed Interest Rate Cut:
Potential rate cut in September due to recession signs and job market weakness, potentially boosting risk assets like cryptocurrencies.

Full review: 👉HERE👈

CoinEx Will Support TARA (Taraxa) Network Upgrade

CoinEx Will Support FLOW (Flow) Network Upgrade

CoinEx Will List BCCOIN (BlackCardCoin) on August 5, 2024

CoinEx Will List MAX (Matr1x) On August 5, 2024
https://announcement.coinex.com/hc/en-us/articles/29106027573268-CoinEx-Will-List-MAX-Matr1x-On-August-5-2024

CoinEx Will Suspend Spot/Margin Trading For Server Upgrade on Aug 6, 2024

CoinEx Lists $BCCOIN

✅ Trading Pair: BCCOIN/USDT
✅ Deposit & Withdrawal: Aug 5 at 9:00 UTC
✅ Trading: Aug 5 at 10:30 UTC

Learn more 👉: https://bit.ly/CoinExListsBCCOIN

Find CoinEx: Web | 𝕏 | Telegram | Announcement | Discord | Facebook | Instagram | Medium | Reddit | YouTube

CoinEx Lists $MAX

✅ Trading Pair: MAX/USDT
✅ Deposit & Withdrawal: Aug 5 at UTC
✅ Trading: Aug 5 at UTC

Learn more 👉: https://bit.ly/CoinExListsMAX

Find CoinEx: Web | 𝕏 | Telegram | Announcement | Discord | Facebook | Instagram | Medium | Reddit | YouTube

CoinEx Will Delist INDI, MUSE, KNOB, FURUCOMBO, SOBB, TAMA, JENSOL, and BBS

CoinEx AI Analysis Live: Monitor market trends and explore trading opportunities
https://announcement.coinex.com/hc/en-us/articles/29102715878420-CoinEx-AI-Analysis-Live-Monitor-market-trends-and-explore-trading-opportunities

BCCOIN Listing Bonus: Join Trading Volume Ranking, $5,500 BCCOIN For Grabs

SCP Listing Bonus: Join Trading Volume Ranking, $5,500 SCP For Grabs

📈 Daily Market Review 📉

🔸Daily Macro:
🔹BTC Mkt:
BTC hit a low of $49K, dropping over 10% in a single day, but rebounded to $54K-$55K.

🔹BTC ETF:
Net outflow of $168M on Aug 6.

🔹ETH ETF:
Net outflow of $1.64M on Aug 6.

🔹Macro Data:
Asia-Pacific stock markets crashed on "Black Monday," triggered by BoJ's rate hike and a strong Yen. U.S. non-farm payroll data missed expectations, raising recession fears.

🔸Daily Focus:
🔹Aave:
Aave showed resilience, earning $6M from liquidations during the crash, highlighting strong risk management. DeFi TVL dropped from $100B to $71B, with over $1B in liquidations, incl. $350M in DeFi protocols.

🔸Next Focus:
🔹Jump Trading:
Jump Trading's large ETH sell-off has drawn attention. Possible reasons: market panic, macro issues, regulatory pressure, or increased volatility. Users can monitor Jump Trading's activities via blockchain explorers to gauge impact.

Full review: 👉HERE👈

CoinEx Will Adjust Futures Market Maker Fee Rates

📈 Daily Market Review 📉

🔸Daily Macro:
🔹BTC Mkt:
BTC rebounded to $56K, currently between $56-$57K

🔹BTC ETF:
Prelim reports on Aug 7 showed a net outflow of $148M

🔹ETH ETF:
Prelim reports on Aug 7 showed a net outflow of $11.59M.

🔹Macro Data:
After "Black Monday" global stock markets rebounded. Asia-Pacific markets surged, and major U.S indices rose, ending a three-day losing streak

🔸Daily Focus:
🔹Meme Sector:
Mainstream Memes like PEPE, WIF, and BONK rebounded over 20%, while others like GINNAN, KEYCAT, LOBO, SCF, CATDOG, NEIROETH, LOCKIN, MIGGLES, MEW, and DOG rebounded over 50%.

🔹Market Outlook:
The Meme sector's strong rebound indicates market optimism and a search for high returns amid volatility. Caution is advised as the market may retest lows. Monitor market dynamics closely

🔸Next Focus:
🔹BTC Spot ETF:
On "Black Monday," BTC spot ETF trading volume hit a four-month high, over $5B in one day. Despite this, 10 BTC spot ETFs saw net outflows for 3 consecutive days

Full review: 👉HERE👈