1. Arthur Hayes: Cryptocurrencies are expected to break free from the sideways downward trend starting from September, with a "very bullish" crypto market in 2025

Arthur Hayes expects cryptocurrencies to break free from the sideways downward trajectory in September and usher in a crypto bull market by 2025. Analysts believe that the mid-term crypto market may further decline. The BTC put option skew has recovered from a panic period to -5%. Bitcoin may drop below the $60,000 mark due to institutions ceasing stablecoin purchases. The crypto market saw a 6.1% increase in market capitalization in July, while DeFi total TVL grew by 3.5%. An online meeting proposed by Democratic supporters of cryptocurrencies in the US will be held on August 15th. The US SEC has accused NovaTech of committing cryptocurrency fraud on a scale of up to $650 million. Symbiotic has launched a development network and plans to launch the full mainnet in the third quarter. Arthur Hayes believes that if BTC and ETH break through $70,000 and $4,000 respectively, the altcoin season will return. The DeFi market share has dropped to its lowest level in three years. NAVI DeFi protocol's TVL has surpassed $290 million, reaching a historic high