On August 13, according to CEX market information, Ethereum continues to pump close to 4500 USD, currently quoted at 4479 USD, with a 24-hour rise of 2.71%, reaching a new high since mid-December 2021.

On August 13, according to CEX market information, Bitcoin broke through 120,000 USD, with a 24-hour fall narrowed to 0.2 %.

On August 12, according to RockFlow market data, the new ETH treasury company ETHZilla (ATNF) rose more than 90% during the trading session, with its stock price currently reported at $6.36 and a market capitalization of approximately $38.4 million. Notably, today's trading volume for ETHZilla has exceeded $592 million, which is 15.4 times its market capitalization. Previously, billionaire Peter Thiel made another investment in Ethereum, as Peter Thiel and his investment team acquired 7.5% of the shares in the Ethereum treasury reserve company ETHZilla (formerly 180 Life Sciences Corp.). The remaining Ethereum micro-strategy stocks continue to rise: Bitmine Immersion (BMNR) rose more than 10%; SharpLink.

On August 12, according to OnchainLens monitoring, an "unknown" whale/institution has again increased its holdings by 35,237 ETH, worth 155.06 million USD. Its total coin holdings have reached 328,421 ETH, valued at 1.445 billion USD, distributed across 10 different wallets, with the ETH held coming from FalconX, Galaxy Digital, and BitGo.

[Moonbirds Floor Price Breaks 3.2 ETH, 7-Day Rise Reaches 42.22%] According to Blur data, the Moonbirds floor price has broken 3.2 ETH, with a 24-hour rise of 28.53% and a 24-hour volume of 692.09 ETH. The 7-day rise has reached 42.22%, with a 7-day volume of 1375.3 ETH. The market capitalization of Moonbirds has entered the top ten of the Ethereum ecosystem NFT rankings.

On August 12, according to Politico, Trump administration officials are expanding the list of candidates to replace Fed Chairman Powell next year, seeking someone who can gain the trust of both the president and the financial markets. According to an anonymous government official, the current candidates under consideration include: current Fed Vice Chairman Philip Jefferson and Michelle Bowman, Dallas Federal Reserve Bank President Lorie Logan, former St. Louis Federal Reserve Bank President Jim Bullard, and macroeconomic advisor Mark Zandi. The official also indicated that more candidates from the private sector may be considered.

Terra founder Do Kwon pleaded guilty in a U.S. court to fraud charges related to the collapse of TerraUSD and Luna. In 2022, TerraUSD depegged from the U.S. dollar due to algorithm imbalance, resulting in investor losses of approximately $40 billion and triggering panic in the crypto market.

On August 12, Terra founder Do Kwon will plead guilty to two charges of conspiracy to commit fraud and wire fraud, involving over $40 billion in Crypto Assets TerraUSD (UST) and Luna collapse.

[Politico: Trump officials consider Fed Vice Chair Jefferson for Fed Chair] According to the American political news website Politico: Officials from President Trump's administration are considering Fed Vice Chair Jefferson to serve as Fed Chair.

On August 12, Goldman Sachs' Global Co-CIO of Multi-Asset Solutions, Alexandra Wilson-Elizondo, stated that the CPI data for July met expectations, with the core inflation rate rising 3.1% year-over-year. The Fed is supported by this data, believing that the impact of tariffs on price levels is mostly temporary. Tariffs have not yet driven significant price increases, as companies offset cost pressures by reducing inventory and cautiously adjusting prices, given that consumers are very sensitive to price changes. The Fed's policy is highly data-dependent, and with inflation under control and signs of weakness in the labor market increasingly evident in the revised employment data, future focus will shift more towards employment. Overall, this inflation report supports expectations that the Fed may implement an 'insurance' rate cut in September, which will become a key driver for the market. (Jin10)

On August 12, according to HyperInsight monitoring, the three major short position whales have continued to increase their positions in the past 2 hours, and unrealized losses have continued to expand: the whale starting with address 0x5d2f44 increased its BTC short order by 810,000 USD, with current unrealized losses of 9.4 million USD and a liquidation price of 127,831 USD; the whale starting with address 0x49F306 increased its ETH short order by 850,000 USD, with current unrealized losses of 1.08 million USD and a liquidation price of 4,615 USD; the whale starting with address 0x880ac4.

On August 12, the Meme Token CWIF experienced a big dump of nearly 90% on the Solana blockchain, with its market capitalization falling from $31 million to $3.48 million, currently at $11 million, with a 24-hour volume of $24.4 million. Investors should be cautious, as the Meme coin has no actual use case and its price fluctuations are significant.

[Trump: Powell should cut interest rates immediately! Considering filing a major lawsuit against him] U.S. President Trump posted on social media platform, saying: "Too late, Mr. Powell must drop the interest rate now. He always does it too late, and the damage is incalculable. Fortunately, the economic situation is very good, and we have overcome Powell and the complacent committee. However, I am considering allowing a major lawsuit against Powell because his work managing the construction of the Fed building has been terrible and highly incompetent. $3 billion for a job that should have cost $50 million to fix. Not good!

On August 12, Trump once again posted on Truth Social urging the Fed to drop interest rates: "Jerome, too late, Powell must drop interest rates immediately, he is always 'too late' causing immeasurable losses. Fortunately, the economic situation is very good, we have completely gotten rid of Powell and the complacent Fed. However, I am considering allowing a major lawsuit against Powell because he has done a terrible job managing the construction of the Fed building, extremely incompetent. This project should have only required $50 million for repairs, but it cost $3 billion. Terrible!"

[The three major US stock indexes opened higher, Circle big pump approximately 15%] The US stock market opened, the three major indexes opened higher, the Dow rose 0.4%, the S&P 500 index rose 0.4%, and the Nasdaq rose 0.5%. "The first stock of stablecoin" Circle(CRCL.N) big pump approximately 15%, with second-quarter revenue increasing by 53% year-on-year.

Western Union is considering launching its own US dollar stablecoin to compete with cryptocurrency projects in the cross-border money transfer business. The CEO stated that this move will primarily target markets outside the United States and may offer customers features similar to a US dollar savings account.

On August 12, according to EmberCN monitoring, the address "0x395...500" has continued to withdraw 21,000 ETH from CEX in the past half hour, worth 90.16 million USD. This address has been continuously withdrawing ETH from CEX since June 22 when the price of ETH was 2,280 USD, and it has now accumulated a total of 86,001 ETH (3.78 billion USD ), with an average price of 3,023 USD, resulting in unrealized gains of 12 million USD.

Bitcoin mining company BitMine plans to issue up to $20 billion in common stock, having previously raised approximately $4.499 billion through a sales agreement. The company will use these funds to expand its mining operations, primarily focusing on Bitcoin and Ethereum, and provide "mining as a service" offerings.

[Fed spokesperson: July CPI may not be enough to prevent rate cut in September] "Fed spokesperson" Nick Timiraos: After the release of the July employment report, the threshold for a rate cut has changed. Originally, if today’s CPI data were very high, the plan for a rate cut in September might have been disrupted. The July CPI data is not "inflation-free," but its intensity may not be enough to prevent a rate cut in September.

[Web3 payment infrastructure company Transak completes $16 million financing] Web3 payment infrastructure company Transak announced the completion of a new round of financing totaling $16 million, led by IDG Capital and Tether, with participation from Primal Capital, 1 kx, Protein Capital, and Fuel Ventures.
Transak plans to use this funding to expand its stablecoin payment stack and enter new markets.