According to the latest data from 【币界】, as the ETH price briefly broke through 4200 USD, its market capitalization returned above 500 billion USD (currently reaching 502,571,832,019 USD), the total market capitalization of Crypto Assets also surpassed 4 trillion USD again, currently at 4,006,443,176,701 USD, with a rise of 1.7% in the past 24 hours.

According to a warning, a community member was recently asked to locally clone a GitHub repository during an interview with a Web3 team claiming to be from Ukraine, and the member wisely declined.

[Crypto World] According to Caixin, the development of Quantum Computing has once again escalated the security issues of Blockchain technology related to Bitcoin and other Crypto Assets. Caixin has learned from several policy makers in mainland China that since the end of June, relevant parties have held multiple meetings to discuss the development trends and response strategies of stablecoins and Crypto Assets, indicating that research should continue, but the hype around stablecoins in public opinion should be toned down. Regulators are also closely monitoring the trends in the development of stablecoins and related technologies, maintaining caution regarding the issuance of RMB stablecoins.

[On-chain] PANews August 9 news, according to data platform monitoring, swing trading Whale pfm.eth spent 2.917 million USDC and 5.39 million USDT five hours ago to buy 2,045 ETH at an average price of 4,057.6 USD. In the past 24 hours, it has chased the price and bought 2,802 ETH (11.297 million USD) on-chain at an average price of 4,032 USD.

Some cryptocurrency exchange shops in Hong Kong have suspended the exchange of USDT, USDC, and fiat currency, and some have even closed down. Private inquiry trading is still possible. The Monetary Authority stated that the "stablecoin regulation" aims to regulate the issuance and sale of fiat stablecoins to protect the rights of holders, and virtual asset OTC trading institutions are not within the regulatory scope.

On August 9, according to monitoring by 【区块律动】, a whale address starting with 0xcB9 has reduced its ETH (25x) short positions and confirmed a loss of 15.81 million USD.
The Address previously made a profit of 20 million dollars, and currently has a floating loss of 3.3 million dollars in its Position.

The United States and Russia intend to reach an agreement on Ukraine. VivoPower plans to invest $100 million in Ripple, while Trident Digital is raising $500 million to establish an XRP reserve. CleanSpark faces high tariff risks on Bitcoin mining rigs, while the accumulation speed of wallet addresses holding a small amount of BTC is accelerating. Ethereum short positions may be liquidated at the $4100 price level.

[Bitu] According to reports, the Trump administration has hinted at new policies to clarify that imported gold bars should not be subject to tariffs, following the government's decision that gold bars are subject to tariffs, which shocked traders. Officials said the White House plans to issue an executive order in the near future to clarify the so-called "misinformation" regarding tariffs on gold and other specialty products. Spot gold has rebounded in the short-term, with a short-term rise of over 20 dollars, reaching a high of 3401 dollars/ounce.

[Chain News] On August 8, news reported that Trump and Putin will meet next weekend, with specific details yet to be confirmed.

[Coin World] Nansen has just launched the least transparent expansion testing ground on Ethereum. By integrating Metis Andromeda, its AI-driven analytics are revealing the smart money flows, hidden dApp attractions, and whale movements that Layer-2 users have been guessing about for years. According to a press release shared on August 8, blockchain analytics company Nansen has integrated its real-time analytics and social intelligence platform with the permissionless Ethereum Layer-2 network Metis Andromeda. This move places Metis's activities under Nansen's AI-driven lens, allowing for real-time tracking of wallet movements, liquidity flows, and on-chain trends that were previously buried in fragmented datasets.
This collaboration is during Metis's recent Andromeda upgrade.

On August 8, the technical analysis viewpoint suggests that if Ethereum breaks through 4000 USD, 6400 USD will become the next target price.

[Jinse Finance] On August 8, Lens announced the launch of a Token dispenser for gas-free token distribution based on real user value rather than superficial activity. This dispenser is built on Lens and is currently in early testing stage, directly distributing GHO to quality users and transferring it directly to their Lens account without any claiming process. The team stated that although the first phase focuses mainly on GHO, the system supports all ERC-20 Tokens.

[Golden Finance] According to financial media reports, US stocks opened, with the Dow Jones rising 0.17%, the S&P 500 index rising 0.29%, and the Nasdaq rising 0.36%.

The Solana digital asset treasury company led by Joe McCann originally planned to raise $1.5 billion through a SPAC IPO, but it has now been halted, with specific reasons not yet disclosed. The company may seek other methods of going public.

According to 【Coin World】, the daily on-chain transaction volume of Ethereum has reached a new high, exceeding the peak in 2021, primarily driven by the rise of stablecoin and ETH reserves.

On August 8, in the 【币界】 social platform, Musk stated that the Grok humanoid companions Valentine and Ani have completed a series of upgrades.

[Coin World] Ethereum co-founder Vitalik Buterin stated that the original intention behind the creation of Visa reflects similar ideas to modern Decentralized Autonomous Organizations (DAOs), however, many people now view it as an exploitative or oppressive system. He believes it contains valuable lessons worth contemplating.

[Block Rhythm] On August 8, according to market information, a trading platform's ecological AI data solution platform Tagger (TAG) has reached a new all-time high in market capitalization, currently reporting a circulating market capitalization of 105.8 million USD, with a 24-hour rise of 32.9%, and a trading volume exceeding 3.4 million USD.
On July 19, WLFI announced an increase in its holdings of TAG tokens worth approximately $40,000.

Recently, the Hyperliquid platform has detected fund movements from multiple Whale Addresses, including large withdrawals and deposits, totaling approximately 12.39 million USDC withdrawn and about 3.52 million USDC deposited.

On August 8, U.S. stock pre-market encryption concept stocks generally rose, with Coinbase rising by 0.83%, Circle up by 1.02%, and MicroStrategy slightly down by 0.3%. Multiple related stocks showed a rising trend, indicating positive market sentiment towards the encryption industry.