Ethereum Breaks $4000 Barrier Again After 237 Days, Reaches New High for the Year

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.

August 31st. Binance Alpha will commence its airdrop claim starting at 20:00 (UTC+8) today. Users possessing at least 220 Alpha points will be able to claim the tokens on a first-come, first-served basis until the airdrop pool is completely distributed or the airdrop event concludes. The specific token has not been disclosed yet.

August 31st. Apart from Tim Cook who is currently engaged in a court battle with Trump, the Federal Reserve Board of Governors (with a full membership of 7) also comprises Powell and two governors appointed by Biden (Jefferson and Barr), and they, like Cook, are in alignment with Powell. In addition, there are two governors appointed by Trump during his first term (Waller and Bowman), and both of them voted in favor of rate cuts in July. Trump has nominated his advisor Stephen Moore to fill the vacancy caused by Cugler's resignation. The Senate Banking Committee will hold a confirmation hearing for Moore next Thursday. If approved promptly, he may join the Fed in time for the September meeting, indicating that Trump will have at least three supporters on the Federal Reserve Board. Furthermore, if the court rules that Trump can dismiss Cook, he will promptly nominate her successor, potentially enabling him to obtain a majority (four out of seven) on the board. This ruling is unlikely to

On August 31st, based on GMGN data, the on-chain AI virtual creature concept Meme token SPARK's market capitalization briefly exceeded $20 million. Currently, it is at $18.6 million. It has a 24-hour price increase of 48.56% and a 24-hour trading volume of $4.1 million. BlockBeats reminds users that Meme coins often lack practical use cases and experience high price volatility. Therefore, investment should be approached with caution.