Market Performance - Bitcoin's market share decreased from 61% at the beginning of the month to 57%, indicating a shift in market funds towards Ethereum[3] - Ethereum reached a historical high of $4,950, while Bitcoin fell back to the critical support level of $112,000 after a brief increase following Fed Chair Powell's speech[3] Regulatory and Policy Updates - Fed Chair Powell hinted at a possible rate cut in September, which initially boosted risk assets, but the probability of maintaining rates at the September FOMC meeting rose to 36%[7] - Both China and the US are actively developing stablecoin strategies, with China considering a new roadmap for RMB internationalization that includes stablecoins as a core focus[7] Market Sentiment and Fund Flows - The Fear and Greed Index dropped to 45, indicating a neutral market sentiment[12] - Bitcoin ETFs experienced a net outflow of approximately $1.2 billion over six days, reflecting temporary weakness in institutional demand[16] Ethereum ETF Performance - Ethereum ETFs showed stable inflows, contrasting with the outflows seen in Bitcoin ETFs, with a total inflow of approximately $598.5 million over the observed period[18]

Investment Rating - The report maintains a positive rating for the industry, suggesting that AI computing power leasing could become the next ideal anchor asset for RWA [4]. Core Insights - RWA serves as a bridge between real-world assets and web3.0, facilitating the transition from web2.0 to web3.0 financing channels by tokenizing tangible and intangible assets on the blockchain [1][8]. - The expansion of RWA assets has evolved from traditional financial assets to real estate and physical economy assets, with significant participation from major financial institutions [11][12]. - AI computing power leasing is identified as a promising next step in the RWA asset chain, characterized by market growth, clear yield transparency, and defined market financing needs [2][3]. Summary by Sections RWA Asset Expansion Path - RWA utilizes blockchain technology to convert real-world assets into digital tokens, enabling investment in fixed-income products and facilitating asset diversification and risk sharing [1][8]. - The RWA asset category has expanded significantly since the introduction of stablecoins like USDT in 2014, which addressed volatility in the crypto market [11][12]. Characteristics of Ideal Anchor Assets for RWA - Ideal RWA anchor assets should exhibit continuous market growth, transparent yield, and clear market financing demand [18][19]. - The process of "confirmation—splitting—circulation—financialization" is essential for RWA, ensuring that assets are digitized and can be traded efficiently [18][20]. AI Computing Power Leasing as the Next Anchor Asset - The report highlights that AI computing power leasing possesses the necessary characteristics to become an ideal anchor asset for RWA, driven by the increasing demand for computational resources in AI applications [2][29]. - The global AI computing power leasing market is projected to grow significantly, with estimates reaching $14.6 billion in 2024 and expanding to $63.64 billion by 2031 [44][47]. Investment Recommendations - The report suggests closely monitoring the relevant industry chain, including IDC manufacturers and cloud service providers, as they are poised to benefit from the growth of RWA and AI computing power leasing [3][58].

Core Viewpoint - The Statter Network is positioned as a leading project in the metaverse sector, leveraging innovative technologies to enhance blockchain development and provide comprehensive services for the metaverse ecosystem [1][3]. Project Background - Statter is a high-performance public chain aimed at global metaverse developers, focusing on reducing blockchain development barriers through innovative technology [3]. - Key features include the SPoW consensus mechanism, drag-and-drop public chain generation technology, and Multi-VM compatibility [3]. Core Technical Advantages - The drag-and-drop public chain generation technology allows developers to easily create their own chains, significantly lowering development costs and time [4]. - The SPoW mechanism ensures 100% mining output of STT, maintaining decentralization while reducing energy consumption [6]. - Multi-VM compatibility supports low transaction fees and high TPS, enhancing competitiveness in DeFi, NFT, and RWA applications [8]. STT Token Distribution Mechanism - STT relies entirely on mining output, with 92% of tokens allocated to ecosystem contributors, ensuring fair and transparent distribution [9]. - Mining requires STT staking, with a mechanism in place to destroy 90% of STT, promoting long-term stability and value growth [10]. Global Community and Ecosystem Development - Statter Network is rapidly expanding its global ecosystem, particularly in Europe and Asia, with a strong presence in countries like Spain, Germany, and France [11][13]. - The ecosystem includes various applications supporting STT payments, with plans for further expansion into DeFi, NFT, and GameFi [13]. Future Development Directions and Outlook - Statter Network possesses strong competitive advantages in technology, mining economics, and community ecosystem, with potential for significant growth as market conditions stabilize [14]. - Future initiatives include digitizing real-world assets, providing DeFi services, and supporting NFT and GameFi ecosystems [15].