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According to ChainCatcher, crypto trader Eugene stated in his personal TG channel that he has exited most of his long positions and is maintaining a defensive stance. He noted that August has historically been a difficult month to predict, and this year’s market is unlikely to be smooth sailing. Additionally, he mentioned that this “altcoin season” may be the weakest in history. Although ETH prices have risen, there has not been a significant wealth effect. This suggests that institutional investors are the main buying force, and capital has not flowed back into the altcoin market. Therefore, he recommends continuing to focus on ETH investments.

Foresight News – According to Decrypto, Visa’s financial report for the second quarter of fiscal year 2025 shows that, to date, the total settlement amount using stablecoins is only $200 million, accounting for a very small proportion of overall settlement volume, emphasizing that this technology is still in its “infancy.” In addition, Visa CEO McInerney stated, “We are optimistic that the U.S. government will introduce clearer and more pragmatic regulatory guidelines. I believe not only the U.S., but hope other countries will do the same.” Recently, Visa acquired London-based stablecoin infrastructure company BVNK and partnered with Stripe’s Bridge to pilot stablecoin payment services in Latin America, covering six countries including Argentina and Mexico. Currently, Visa is advancing the use of programmable financial tools such as the Visa Tokenized Asset Platform and the real-time cross-border transfer system Visa Direct.