Bitcoin (BTC) has recently experienced a brief pullback, with prices dipping to around $115,000, which has raised market awareness. Recently, the Crypto Assets market has shown frequent alternation between rises and falls, reflecting the instability of short-term investment sentiment. Although $110,000 is considered a strong support level and a big dump is not expected, a significant pump is also unlikely.

The market generally believes that 'positive news' landing, like on August 1, often leads to disappointing results. The real market breakout points typically occur during the anticipation phase, rather than at the actual realization moment. Those investors who reduced their positions in advance may now feel relatively at ease.

Regarding the new project PUMP, although it raised as much as $600 million during the ICO phase and sold out quickly, it has experienced a big dump after listing. Currently, the project has not yet reached a price level suitable for entry, and it is recommended to continue maintaining a watchful attitude. However, the logo design of the project is quite distinctive.

On the other hand, the news of SEI submitting an ETF application has attracted widespread attention, especially considering Circle's substantial involvement. The combination of these two factors has brought considerable turbulence to the market. If the operating team of the SEI chain intends to boost its popularity, the quickest way may be to promote the spread of meme coins. Currently, many investors in the market are paying attention to MAD, believing it could become the first meme coin to explode on the SEI chain.

Overall, the current Crypto Assets market is in a adjustment phase, and investors need to remain cautious and closely monitor market trends and the development of emerging projects.