Market dynamics on August 12: The market continues to fluctuate and decline, Harris's election odds surpass Trump

I. Market Dynamics

1. BTC plummeted, and altcoins generally fell. The market overall continues its volatile downward trend.

2. U.S stocks rebounded, Harris's election winning rate surpassed Trump.

II. Market Focus

1. T in the BTC ecosystem rose, WBTC was taken over by Sun Ge, the market turned to competitor TBTC. The short-selling fee for T once reached a daily rate of 6%.

2. DEPIN's HNT rose due to cooperation with American telecom operators.

3. Public chain SUI increased recently due to Grayscale Trust launch; additionally, there will be a large unlock of 60 million WU on September 1st.

4. Public chain SOL declined as it became more difficult to make money from on-chain PVP.