EIA Crude Oil Inventories in Cushing, Oklahoma for the week ending August 8, 2023

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Zama × Conduit: Expansion of Confidential Smart Contracts Blockchain is a structure where all activities are made public. It reveals which wallet sent how much and which app was used. While it is a strength of decentralization, it can sometimes be burdensome for users. They might think, "Do I really need to show all of this?" A certain company is like this

Although the Crypto Assets market has been relatively calm recently, the number of holders of Conflux (CFX) has been steadily rising. This phenomenon has sparked speculation about who is quietly accumulating CFX. Observations indicate that those accumulating CFX are not investors following short-term speculation or buying at high prices, but rather experienced long-term strategists. They value several key advantages of the Conflux network: First of all, the issuance of the RMB stablecoin AxCNH on Conflux brings new application scenarios to the network. Secondly, Conflux, as a public chain that meets regulatory requirements, has a unique position in the Chinese market. More importantly, mainstream social platforms like Xiaohongshu and Soul choosing to build blockchain applications on Conflux highlights its technical strength and market recognition. Currently, the price of CFX is about $0.22. As the activity of the Renminbi stablecoin on the chain continues to rise, this price may just be the starting point for future growth. Although CFX is not a hot topic at the moment, true value often reveals itself after quietly accumulating. It is worth noting that although the market appears calm, significant changes may be brewing behind the scenes. For investors focused on the development of blockchain technology and the digital currency market, this 'still waters run deep' development trend of CFX deserves close attention.

In the early hours of today, the price of Solana (SOL) experienced a sharp fluctuation. The price once fell to the key support level of 170 dollars, and then quickly rebounded. Currently, the SOL price is oscillating around 180 dollars, showing a pattern of repeated fluctuations. Analysts point out that the current trend of SOL is quite similar to the situation of Ethereum when it was at 2600 USD. The market generally believes that SOL only needs to wait for the appropriate triggering factors, and the recent high of 206 USD is likely not the end point of this round of increase. Investors should closely monitor the upcoming changes in tariff policies and non-farm employment data. These important economic indicators could become key factors driving the cryptocurrency market towards a clear direction. Market observers suggest that the trend will become clearer after the release of this data. At the same time, the Ethereum ecosystem is celebrating its tenth anniversary, a milestone that may also have a certain impact on the entire cryptocurrency market. In addition, the latest agreement reached between the United States and the European Union on tariff issues may also trigger a chain reaction in the global financial markets, including the cryptocurrency market. In the face of the current complex and ever-changing market environment, investors need to remain vigilant, continuously monitor various influencing factors, and timely adjust their investment strategies based on the latest market dynamics.

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