U.S. Treasury Secretary Bassett revealed on Monday that he plans to draft a legal brief to defend President Trump's administration's tariff policy, preparing to appeal to the U.S. Supreme Court. Bassett stated that the U.S. trade deficit is growing increasingly large, believing it is approaching a critical point that could lead to financial instability and an unsustainable trade balance. The President is exercising his emergency powers to curb this madness. The federal appeals court ruled last Friday that Trump exceeded his powers under the International Emergency Economic Powers Act (IEEPA) b

On September 1, a survey of top economists by The Wall Street Journal showed that the number of new jobs added last month is expected to be only 75,000, and the unemployment rate may rise from 4.2% to 4.3%, reaching a nearly four-year high. Bill Adams, chief economist at United Bank of America, stated that for the financial markets, the best-case scenario is that the upcoming employment report shows a modest increase in employment numbers and a slight rise in the unemployment rate. This would indicate that the economy is not in recession but also suggest that the labor market is sufficiently w

The Ethereum Community Foundation announced the launch of the BETH tokenization. BETH is a new proof-of-burn token for Ethereum, aimed at transforming the fundamental mechanism of burning ETH into an on-chain tokenized form. Each BETH token represents ETH that has been verified as removed from circulation, establishing a transparent and auditable burn record, and providing new opportunities for developers to create applications based on verifiable destruction. When users send ETH to the contract, the ETH is immediately forwarded to the burn address, ensuring its permanent removal from circulat

Fundstrat founder Tom Lee stated in an exclusive interview that Crypto Assets will become the core of the new financial system, predicting that the price of Bitcoin will reach $1 million and the target price for ETH will be $60,000. He believes that the influx of institutional and sovereign funds will provide support for the market and suggested that stablecoins could provide long-term support for fiscal stability by purchasing U.S. Treasury bonds. Additionally, Lee pointed out that Bitcoin and Ethereum have become cases similar to "Universal Basic Income" (UBI), where early investors can gain

The Singapore blockchain technology company THE GROWHUB LIMITED (GrowHub) announced that it will launch its Initial Public Offering (IPO) on NASDAQ, with a total issuance of 3,750,000 shares of Class A common stock, priced at $4.00 per share, raising a total of $15 million. This IPO will log in to the NASDAQ Stock Market on August 28 local time, with the stock code "TGHL". It is reported that the blockchain technology platform built by the company is mainly used to verify the authenticity and traceability of products in the supply chain.

On August 27, according to The Wall Street Journal, after reports emerged about users seeking help from chat Bots during emotional breakdowns, OpenAI announced that it would improve ChatGPT to more appropriately recognize and respond to signals of users' psychological and emotional distress. OpenAI published a blog post stating: "In several recent heartbreaking cases, users have turned to ChatGPT while in a state of extreme breakdown, which weighs heavily on us, and we believe it's necessary to share more information now." OpenAI stated that the upcoming updates will help users return to reali

The State Council issued opinions on deeply implementing the "Artificial Intelligence +" action. The opinions propose to strengthen the overall planning of intelligent Computing Power, support innovation in artificial intelligence chips and the cultivation of enabling software ecosystems, and accelerate breakthroughs in ultra-large-scale intelligent computing cluster technology and project implementation. Optimize the layout of national intelligent computing resources, improve the national integrated computing power network, fully leverage the role of the national hub of "East Data West Comput

On August 25, at the WebX2025 event held in Japan, Japanese Prime Minister Shigeru Ishiba discovered multiple signals around Web3. He mentioned that the Osaka World Expo is utilizing Web3; emphasized the practical assistance of Web3 in solving local development challenges, such as attempting to invite external forces to participate in the governance of the "Samurai of the Sea" town in the Oki Islands of Shimane Prefecture, with local coins as rewards. At the same time, he clarified that Japan will strengthen its five-year development plan for startups, promoting the growth of Web3 and other di

The decentralized exchange Hyperliquid surpassed Tether with an average revenue of $102.4 million per person, becoming the most profitable company globally on a per capita basis, with an estimated annual income of $1.127 billion for its team of 11 people.
Founder Jeff Yan comes from an academic competition background, having won a gold medal at the International Physics Olympiad, and worked at the high-frequency trading firm HRT, before founding the cryptocurrency market-making company Chameleon Trading.
Hyperliquid was established in 2022 after the FTX collapse, aiming to create a fully on-ch

On August 24, on-chain data analyst Murphy posted that the transaction platform traffic share of ETH is the ratio of the dollar value of ETH and BTC inflows/outflows across all trading platforms. It is also a key indicator to measure which of the two mainstream encryption assets, ETH or BTC, is more favored or sought after by funds. On August 15, the traffic share of ETH had already reached 48% (red curve in the chart), which is the highest point so far in this cycle.

The recent surge in SHIB's on-chain transaction volume can be viewed as a healthy market signal. Behind the massive transaction scale is market behavior involving both "whales" and retail investors, rather than manipulation by a single entity, indicating that the current market enthusiasm for SHIB has a certain level of breadth. However, the increase in activity may also lead to greater short-term fluctuations, and investors need to be prepared to handle price volatility, and must not equate on-chain activity directly with expectations of price rises — looking back at the history of the crypto

Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, stated that today’s situation is quite interesting because we see the Fed, or at least Powell, shifting towards a more dovish stance to support the weakening job market. So this is actually a dovish turn we are seeing in Fed policy, which aligns with recent market expectations. The Fed is now prepared to provide that 25 basis point rate cut to the market, at least as anticipated by the market, which has clearly sparked great excitement.

According to on-chain analyst @ai_9684xtpa, the on-chain liquidity of OKB on the Ethereum Mainnet is only $253,000. Due to the official destruction of most tokens or their migration to X Layer, and the lack of support for cross-chain between the two networks, 6 addresses were able to successfully pump the price to $342 by buying only 138.44 OKB between 20:46 and 21:08. This phenomenon is mainly attributed to low liquidity, high control of the market trend, and the lack of support for cross-chain operations.

Will Bitcoin enter a Bear Market next year? Experts warn: There is no confidence in the macro outlook.

Cailian Press
2025-08-18 11:27
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On August 18, the Financial Associated Press reported (Editor: Ma Lan) that Steven McClurg, CEO of the cryptocurrency asset management company Canary Capital, stated last week that Bitcoin could rise to a maximum of $150,000 during this uptrend cycle, after which it would enter a downtrend.
The main reason for his judgment is that he is not optimistic about the prospects of the macro economy. Therefore, not only will Bitcoin face another Bear Market nex

🔥Breaking news! Grayscale has submitted an S-1 registration statement to the US SEC, intending to list the "Grayscale Dogecoin Trust ETF" on the NYSE Arca under the trading code GDOG.
As a giant in crypto asset management, Grayscale previously successfully transformed the Bitcoin Trust Fund (GBTC) into an ETF, with rich experience and a good reputation. This move to layout a DOGE ETF undoubtedly attracted the attention of the entire crypto community👀.
The submission of S-1 signifies a critical step by Grayscale, providing investors the opportunity to participate in Dogecoin through formal fi

Real Vision's Chief Crypto Assets Analyst Jamie Coutts stated on the X platform that the explosive growth of capital in the on-chain staking market means that sovereign wealth funds, tasked with the responsibility of safeguarding national prosperity, will become the largest holders of Bitcoin and related industries (such as Mining) in the future. They will not only use it as a store of value but will also become a pillar for optimizing power grids and energy balance in the era of artificial intelligence. Meanwhile, these funds will engage in large-scale blockchain staking operations to generat

Recently, the crypto assets industry received a significant piece of news: Grayscale's application for a DOGE ETF has received preliminary approval from the SEC. This event was like dropping a heavy bomb in the crypto world, instantly sparking widespread attention and discussion. As a well-known Meme coin, the progress of DOGE's ETF application has always attracted attention. Grayscale, as an important institution in the crypto assets field, has its every move closely watched by the market. This preliminary approval not only affects the price and market trends of DOGE itself but is also seen a

On August 15, a Bitcoin mining company named American Bitcoin (supported by members of President Donald Trump's family) exercised an option earlier this month to purchase 16,299 Antminer U3S21EXPH Mining Rigs from Bitmain for a total price of about $314 million. These Mining Rigs have a Computing Power of up to 14.02 terahashes per second. The protocol eliminated any price rises that could result from comprehensive trade tariffs and import taxes imposed by the Trump administration. To address tariff pressures, Bitmain announced it will open its first ASIC production facility in the United Stat

The highest point of the last pump cycle for Ethereum (ETH) was $4,878.26, which was recorded on November 10, 2021.
Historical price fluctuations
2021: The price of Ethereum rose from about $1,000 at the beginning of the year to a historical high of $4,878.26 on November 10.
2022: Affected by the overall decline of the cryptocurrency market, the price dropped to 999 USD.
2023: As of November 15, the price is $1,271.
Current Price
As of August 11, 2025, the price of Ethereum is $4591, still significantly below its historical high.