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🔥 NOW: ETH at $4,700.
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🔥UPDATE: Polymarket users predict a 76% chance Ethereum will hit ATH by August 31.
$ETH is only about 5% away from hitting its previous all-time high.
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🇺🇸TODAY: SEC Commissioner Pierce says the SEC is not waiting for the legislation to work.
“We’re working on rulemaking and what we do will be consistent with whatever market structure legislation comes out.”
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⚡️JUST IN: U.S. CPI comes in at 2.7% YoY, Core CPI at 3.1%
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🔥 JUST IN: Circle unveils Arc, a USDC-native Layer 1.
Public testnet launches September to November 2025.
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🔥 BULLISH: “Stablecoins could massively expand Visa’s addressable market.” – Cuy Sheffield, on a $2T market opportunity
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🇺🇸 BIG: President Trump has signed an executive order extending the China tariff deadline by 90 days.
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🇺🇸 JUST IN: Paxos has applied for a U.S. national trust bank license, joining Circle and Ripple.
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🚨 NOW: A whale deposited 6M $USDC into Hyperliquid to avoid liquidation as $BTC broke above $122,000.
Current position: 1,266.84 $BTC ($154M) with liquidation price at $127,780 and $12.5M loss.
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📊LATEST: Polymarket users predict a 57% chance $ETH will hit an all-time high before October.
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⚡ FLASHBACK: This is now worth $198M.
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🔥 MASSIVE: $310B added to the crypto market in the last 7 days.
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🔥 BULLISH: Michael Saylor says you can’t tariff Bitcoin like gold.
“Bitcoin is digital gold. Bitcoin lives in cyberspace. No tariffs in cyberspace.”
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🇺🇸 TODAY: Crypto and AI Czar David Sacks says more than 90 million American workers will have access to alternative assets including crypto following President Trump’s executive order today.
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⚡️JUST IN: GPT-5 is live.
OpenAI says the new model delivers major upgrades in coding and content generation.
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🔥 BIG: Bullish IPO hit $1.1B, oversubscribed 20x, with a $5.4B market value.
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🇺🇸 JUST IN: RWA tokenization platform OpenEden partners with BNY Mellon to manage and custody assets backing its Moody's "A"-rated tokenized US Treasury fund TBILL.
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🇨🇳 JUST IN: China urges local firms to avoid Nvidia’s H20 chips for government work, pushing domestic semiconductor adoption despite U.S. resuming sales.
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Cointelegraph presents: The Fight for Ethereum’s Soul
Can Ethereum overcome competition from new-age L1s and navigate its complex relationship with Layer 2s?
Catch the premiere TODAY (1PM UTC) on Cointelegraph's daily X space #CHAINREACTION.
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⚡️LATEST: Sam Altman accuses Elon Musk of manipulating X.
Musk fires back, calling him a liar.
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🇰🇷 BULLISH: South Korean investors bought $259M of BitMine in July, making it their top overseas stock.
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🔥 BULLISH: Ethereum has hit $4,350, surpassing Netflix and Mastercard in market capitalization.
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🚨BULLISH: Global M2 money supply is on the rise.
Will $BTC follow?
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⚡️ WATCH: Key Upcoming Events This Week
• OPEC Releases Monthly Report – Tuesday
• July CPI Inflation data – Tuesday
• July PPI Inflation data – Thursday
• July Retail Sales data – Friday
• MI Consumer Sentiment data – Friday
• 5 Fed speaker events – Friday
What direction will the markets take this week?
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🔥 BULLISH: $BTC has closed above $100K every day since the 8th of May.
That's 95 daily closes above $100K
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🚀MUSK: Whoever owns the early $BTC deserves a Nobel Prize in delayed gratification.
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🔥 HUGE: The $ETH ETFs saw $461M in net inflows while the $BTC ETFs saw $403M in net inflows yesterday.
These are the largest inflows since July.
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🚨 TODAY: $119M in ETH liquidated in 24 hours.
Shorts $91M, longs $28M.
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⚡ INSIGHT: The former NFT blue chip project Moonbirds is surging again under new leader Spencer — an NFT trader with a builder's mindset.
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🔥 NEW: Chainlink launches Chainlink Reserve funded with $LINK.
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