According to data from the platform, the price of Ethereum ETH today has broken through to $4800, with a 24-hour rise of 13.15% and a volume of $35.597 billion.

[Coin World] On August 23, analysis of Fed Chairman Powell's speech today indicates: "Today's speech shows that their top priority has shifted to supporting the labor market. Changes in risk balance may require policy adjustments, and he clearly refers to the labor market. Therefore, the employment report will determine future rate cuts."

Interpol's "Operation Serengeti 2.0" successfully arrested 1,209 suspects of cybercrime across 18 countries, dismantled large investment fraud schemes and illegal Mining centers, recovering nearly $97.4 million in funds.

According to reports, Andrew Grantham, an economist at the Canadian Imperial Bank of Commerce, stated: "We continue to believe that the upcoming non-farm payroll report is more important in deciding whether to restart interest rate cuts in September or October."

On August 22, according to data from the data platform, after Powell's speech, the probability of the Fed cutting interest rates in September rose to 91.2%.
According to the plan, the Fed's interest rate meeting in September will be held at 2 AM Beijing time on September 18, and there are 26 days and 3 hours left until the meeting.

[Coin World] News on August 22, according to data platforms, the total market capitalization of the global Crypto Assets market has returned to 4.01 trillion USD today, rising 2.16% in the past 24 hours, and increasing by 79.04% compared to one year ago. Among them, the market capitalization of Bitcoin (BTC) is 2.29 trillion USD, accounting for 57.11% of the total market capitalization. The market capitalization of stablecoins is 280 billion USD, accounting for 6.98% of the total market capitalization.

[Coin World] The Dow Jones index has reached a new all-time high during the session, currently rising 1.5%.

On August 22, according to data platform monitoring, as the price of ETH broke through 4600 USD, a Bitcoin OG Whale that transferred positions to go long on ETH has unrealized gains exceeding 40 million USD. It is reported that this whale holds a position of up to 135,265 ETH, valued at 577 million USD.

[Golden Finance] Golden Finance reports that Fed Chair Powell stated at the Jackson Hole Global Central Bank Annual Meeting that the previous framework placed too much emphasis on specific economic conditions, which may have led to some confusion; the new framework aims to adapt to various economic conditions. When there are conflicts between the Fed's objectives, the new framework requires a balanced response approach.

According to reports, Federal Reserve Chairman Powell stated that GDP growth has significantly slowed, reflecting a slowdown in consumer spending.

【Coin World】The ME Foundation officially announced that the native Token ME of Magic Eden has been launched on a certain fintech company and trading platform, which means that users from the UK and the European Economic Area (EEA) will be able to trade this Token.

[Coin World] Emirates Airlines accepts BTC, ETH, and USDT for flight bookings.

On August 22, according to an official announcement from Block Rhythm, the Ethereum treasury strategy company SharpLink announced that its board of directors has approved a stock repurchase plan, with a repurchase amount of up to $1.5 billion of the company's common stock.
Joseph Chalom, Co-CEO of SharpLink, stated: "At SharpLink, we are always committed to a rigorous capital markets strategy. If our stock trading price reaches or falls below the net asset value ("NAV") of the ETH we hold, then financing through the issuance of new shares will dilute the equity of each share of ETH. In this case, a value enhancement strategy may be to repurchase our common stock. This plan allows us to be flexible in responding to these situations, enabling us to take swift and decisive action."
The stock repurchase plan aims to enhance market support, optimize capital allocation, and strengthen SharpLin.

[Coin World] Musk posted, "Joined xAI and helped create a pure AI software company named Macrohard. Although the name is a bit funny, this project is real! In principle, since the software company itself does not produce any physical hardware, it should be possible to completely simulate them with artificial intelligence." Previously, Musk applied for the "Macrohard" trademark in early August. Some media claim that the name "Macrohard" is obviously a parody of a certain software company.

Bitcoin is seen as a combination of digital gold and a risk asset, influenced by both the rise of the stock market and the pressure from the Fed to lower interest rates. Although Ethereum is considered outdated, its developer ecosystem, much like the iPhone, will drive its price to interact with Bitcoin, expected to reach between 8000 to 10000 dollars.

A US court recently received new developments in the BlockFi class action lawsuit, as the last dissenting party has withdrawn its objection to the settlement agreement, which will compensate 89,000 affected users a total of $13.2 million. BlockFi's bankruptcy stemmed from the 2022 crypto winter and liquidity crisis.

[Coin World] A certain platform is about to delist the trading pairs MAK/USDT, MNRY/USDT, SMILE/USDT, GENE/USDT, STAR/USDT, MSTAR/USDT, GALAXIS/USDT, EXVG/USDT, CATS/USDT, AARK/USDT, and APRS/USDT, and will no longer support the above assets in the future.

According to monitoring by 【Bitpush】, since Arthur Hayes announced ETH = 5,000 on December 22, 2023, his public Wallet Address has been engaging in ETH swing trading. Interestingly, Arthur Hayes sold ETH twice—each time after selling, the ETH price continued to rise, forcing him to buy back at a higher price.

Today, the total trading volume of 6 Hong Kong virtual asset ETFs reached 22.3452 million Hong Kong dollars, mainly including the trading volumes of the Huaxia Bitcoin ETF and Ether ETF at 8.63 million and 7.49 million Hong Kong dollars, respectively. The trading volumes of other ETFs are relatively low.

[比推] According to reports, Powell's speech at Jackson Hole will focus on the interest rate cut path and the review of the policy framework. Most institutions expect him to take a neutral stance without clear signals for rate cuts, while possibly downplaying the flexible average inflation target and emphasizing the balance between employment and inflation. Powell may acknowledge that CPI has eased but is still above the target, and focus on service sector inflation and tariff pressures. He may also respond to the cooling of US Non-farm Payrolls (NFP) and employment market issues, but will downplay the impact of any single data point.