[Chain News] On August 8, it was reported that the current market is facing challenges of compressed volatility, seasonal weakness, and lack of macro driving factors, raising doubts about the sustainability of this rebound. Trump's recent expansion of the 401(k) account's access to Crypto Assets and his actions to boost gold's attention may change market sentiment, but the market's response has been relatively muted. At the same time, although Ethereum shows record Address activity and price rise, it is more driven by narratives rather than fundamental support. Both assets are at critical technical boundaries, and future momentum may either accelerate or significantly stagnate.

A comprehensive interpretation of the L1 Blockchain Story specifically designed for intellectual property.
Story is a Layer 1 Blockchain specifically designed for intellectual property, combining the advantages of EVM and Cosmos SDK, 100% EVM compatible, while deeply optimizing the execution layer to quickly and efficiently handle complex data structures such as intellectual property.
What are Intellectual Property Assets (IP Assets or IPA)
IPA is the programmable foundational intellectual property metadata on Story. Simply put, IPA consists of an ERC-721 standard NFT and an ERC-6551 standard TBA (Token Bound Account) IP binding account. The NFT represents the IP, and the TBA is an independent contract bound to the IP asset, used to control permissions for interaction with the Story module.

The report shows that Bitcoin is currently entering an adjustment phase, with cautious market sentiment, and it may continue to move sideways in the short term. The support levels to watch are $112,000 and $106,000, while technical indicators suggest a possible rebound, but a reserved attitude is maintained. Expectations of a slowdown in the U.S. economy and the shrinking of Bitcoin assets of listed companies may affect market momentum.

AI+Web3: Towers and Squares
Key points
1. Web3 projects with AI concepts have become targets for capital attraction in the primary and secondary markets.
2. The opportunities of Web3 in the AI industry mainly lie in: utilizing distributed incentives to coordinate long-tail potential supply ( across data, storage, and computing ); while establishing a decentralized market for open-source models and AI Agents.
3. AI is mainly applied in the Web3 industry for on-chain finance (, crypto payments, trading, data analysis ), and assisting development.
4. The value of AI + Web3 lies in the complementarity of the two: Web3 is expected to address the centralization of AI, while AI is expected to help Web3 break through the limitations of its layers.
Introduction
In the past two years, the development of AI has accelerated, and the generative AI boom sparked by ChatGPT has not only opened up a new world but has also stirred up waves in the Web3 field.
With the support of the AI concept, the financing of the cryptocurrency market is bright.

On August 8, a certain institution released a weekly research report stating that the market has recently entered an adjustment phase, with Bitcoin momentum weakening and both liquidity and trading volume cooling down simultaneously. Trading volume has shrunk, and the funding rate remains low, causing the market structure to become more relaxed. At the same time, seasonal disturbances in August combined with external uncertainties have led to a noticeable cautiousness in short-term sentiment. From a technical perspective, the $112,000 level had previously provided support during the initial pullback of this round, but the subsequent rebound has been weak, and this support level is likely to face another test. If it falls below this level, the $106,000 range may once again become the market's focus.
The true premise for a bearish scenario is the continued weakening of the U.S. economy, while the Federal Reserve fails to timely initiate interest rate cuts. Current market phenomena further reinforce the view of a "possible rate cut in September." However, since the Federal Reserve has not yet released clear signals, the market may continue to maintain a wait-and-see approach, entering a period of consolidation.