Featured News

1.Coinbase CEO Shares Photo of Buying Around 4.964 Million BALAJIS 13 Hours Ago, Currently Worth Around $40,000

2.OKX CEO Star: To Launch $100 Million X Layer Ecosystem Fund to Support Global Builders in Creating the Next Wave of On-chain Applications

3.Pudgy Penguins CEO: Plans to Complete Pudgy Penguins IPO Listing Within Two Years

4.Raydium has Spent a Total of $1.963 Billion to Buy Back 71 Million RAY, Accounting for 26.4% of the Circulating Supply

5.Galaxy Digital Founder Reveals Holding Long Position in HYPE

Articles & Threads

1. "1384 Days Later, Ethereum Finally Hits a New All-time High, Where Is the Next Milestone?"

After 1384 days, Ethereum has finally achieved a new price high in this cycle. On August 23, following a significant dovish speech by Federal Reserve Chair Powell the night before, expectations of a September interest rate cut surged, causing a broad-based rally in dollar-denominated assets. Several hours later, Ethereum surged by 14% to reach $4,887, establishing a new all-time high in its 11-year history with a market cap exceeding $586 billion, ranking 25th among global tech companies by market cap, surpassing well-known companies like MasterCard and Netflix. If Bitcoin completed the transition from retail to institutional asset in the previous cycle, Ethereum's new high at this moment may signify its own "sovereign narrative moment." Wall Street's Ethereum "bullish master" Tom Lee likened this strategic positioning to a "sovereign call option" — when Ethereum is widely adopted in global financial and AI infrastructure, companies with significant stakes will be in a unique position. Sean McNulty, Derivatives Trading Lead for Asia Pacific at the digital asset brokerage firm FalconX Ltd, stated that the flow of funds from Bitcoin to Ethereum represents a "massive positive sentiment shift driven by strong spot ETF inflows, growing corporate treasury adoption, and broader stablecoin tailwinds." This statement succinctly summarizes why Ethereum is hitting a new high at this moment. Its delay is not an absence but a waiting — waiting for sentiment and funds, policy and technology to converge at the same moment. Now, that moment has finally arrived. For Ethereum, this is not just a price breakthrough but a narrative shift.

2.《Another Rate Cut: Will the Market Start a Frenzy Bull Run After September?》

On August 22, Federal Reserve Chair Powell stated that the ever-changing economic risks have provided the Fed with more justification for a rate cut. This statement indicates that Powell has joined the "dovish" camp within the Federal Open Market Committee responsible for setting rates, and it signals his potential support for a 25 basis point rate cut at the Fed's next meeting in September. Although Powell acknowledged that the impact of the government's trade war on consumer prices is now "clearly evident," he hinted that this impact is unlikely to persist and may instead be a one-time shock that the central bank can overlook. He stated: "Given that the labor market is not particularly tight and faces increasing downside risks, this outcome seems unlikely." He also added, "Inflation faces upside risks, while employment faces downside risks, presenting a challenging situation." This also implies that the long-awaited rate cut may be on the way. Will a rate cut definitely lead to an uptrend? Based on historical experience, the answer is likely yes, but not every rate cut leads to an uptrend.

Market Data

Daily Market Overall Funding Heat (Reflected by Funding Rate) and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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