Recently, the chairman of the SEC delivered a captivating speech, proposing an ambitious plan called "project crypto." This plan aims to gradually migrate traditional financial markets to Blockchain technology platforms while relaxing regulatory restrictions on Decentralized Finance (DeFi). This initiative is believed to positively impact public chains, Real World Asset tokenization (RWA), and mainstream DeFi projects.

Meanwhile, the cryptocurrency market continues to show a complex trend. The PENGU token has recently received a series of positive news, including the Canary applying for a hybrid ETF that combines the Pengu meme and NFTs, as well as PENGU team members participating in the U.S. crypto industry legislative process. Nevertheless, the daily chart performance of PENGU is still unsatisfactory, reflecting the complexity of market sentiment.

The ENA Token is facing imminent unlocking pressure. It is expected that a large amount of tokens will be unlocked on August 2nd and August 5th, with a total unlocking amount of approximately $140 million based on the current market price of $0.54. This could exert downward pressure on the price of ENA in the short term.

On the other hand, HBAR Token has recently shown weak performance. Although Grayscale Investments has submitted an application for an HBAR ETF, the market response seems to be less than expected. Observers have pointed out that HBAR may need to seek more institutional support to boost investor confidence.

Overall, the cryptocurrency market is at a turning point filled with opportunities and challenges. The SEC's new policy direction may bring long-term benefits to the entire industry, but in the short term, each token will still face its own market pressures and challenges. Investors need to closely monitor policy changes and market trends to make informed investment decisions.