JUST IN: 🇺🇸 President-elect Trump says interest rates and inflation are too high.

On August 31st, as the leading token issuance platform on the BNB Chain, Four.Meme announced the completion of the Creditlink (CDL) presale on the platform. The total subscription amount reached 252 million dollars, consisting of 194 million USD1 and 16.21 million FORM. The number of participating addresses was 79,627, setting a new fundraising record in the history of the BNB Chain. This milestone not only emphasizes the rapid growth of USD1 in on-chain fundraising but also showcases that the community, memes, and builders are jointly promoting the adoption and innovation of the ecosystem. This historic breakthrough further cements Four.Meme's core position as a community-driven fundraising new standard on the BNB Chain and lays a solid foundation for the incubation and growth of more high-quality projects in the future.

On August 31st, based on Defillama data, the monthly on-chain DEX trading volume on the Ethereum network in August exceeded $140.1 billion, establishing a new all-time high monthly record. The number of active addresses reached 16.77 million, which also set a new monthly record high. The TVL of Ethereum is currently reported to be $92.58 billion and still needs to increase by approximately 17% from the end-of-year 2021 bull market peak of around $108.8 billion.

On August 31st, as per the monitoring of OnchainLens, a whale employed 3 times leverage to take a long position in WLFI. The entry price was $0.2625, and the position was worth approximately $3 million. Currently, it holds an unrealized gain of $644,000.

On August 31st, according to HTX market data, the pre-market price of WLFI (World Liberty Financial) has increased by more than 20.3% within the past 24 hours and is currently trading at $0.3251. Moreover, Hyperliquid, which can be accessed via https://app.hyperliquid.xyz/join/NTOD, is showing a pre-market trading price of WLFI at $0.3345, while Binance is showing a pre-market trading price of WLFI at $0.3232.

On August 31st, the Trump family's cryptocurrency project, World Liberty Finance (WLFI), was established on September 16th of last year. Trump was designated as the "Chief Cryptocurrency Advocate", while his sons Eric, Little Donald, and Barron served as the project's "Web3 Ambassadors". The first ICO of WLFI began on October 15th, 2024, selling 200 billion WLFI at a price of $0.015, with a first-round financing valuation of $1.5 billion. On January 20th of this year, the day of Trump's inauguration, WLFI announced its second token sale, issuing another 50 billion tokens at a price of $0.05, a 230% increase from the initial sale, and a second-round financing valuation of $5 billion. The current Binance pre-market price is $0.32, indicating that WLFI's valuation has grown more than 21 times in the past 8 months. The market generally holds the view that the circulation launch of WLFI is a potential moment of "price repricing". The initial 20% unlock release serves as both a test of mark

August 31st. Santiment, an emotion analysis platform, stated that with Bitcoin's decline, the mention of "buying the dip" on social media is on the rise. This may suggest that the cryptocurrency market has not yet reached its bottom. Apparently, people in the market are beginning to feel uneasy and are trying to find some entry points as the price dips. Santiment analysts said that this could be a warning signal for the market. Do not interpret the discussion of "buying the dip" as a clear indication of the market bottoming out. The real market bottom is usually accompanied by widespread fear and a decreased interest in buying. It often forms when the crowd loses hope and is afraid to make purchases. Price trends are usually contrary to the expectations of retail traders. History has shown that when more people think the market has bottomed out, it may actually indicate further declines.