Billionaire Peter Thiel is investing in Ethereum, believing it can become an alternative platform for asset clearing on Wall Street. However, analysts point out that the concept may be more of a marketing tactic.

Gate News bot message, A significant cryptocurrency transaction occurred where a whale address liquidated 123,500 LINK tokens for $3.13 million USDC at $25.36 per token. The funds were subsequently deployed for yield generation on DeFi platforms Compound and Aave through TrustWallet. The blockchain

BlockBeats news, on August 24, Wang Feng, the founder of Blueport Interactive, tweeted that "I personally believe Bitcoin has detached itself from its own Halving cycle and has entered the U.S. stock and overall economic cycle. Currently, it seems that Ethereum and the encryption wave behind it also have an increasing likelihood of exhibiting a similar trend, but further observation is still needed."

Gate News bot message, A cryptocurrency whale has returned to active trading on HyperLiquid platform after remaining dormant for eight months. The whale deposited 1.56 million USDC and initiated a long position in WLFI with 1x leverage.

Bitcoin has recently fluctuated between $111,000 and $117,000, with a 90-day yield of +5%, indicating market consolidation. Spot ETF saw a net outflow of 2,400 BTC, and trading volume has eased. The Fed's interest rate cuts suggest support for the market, but it still faces tariff and cost risks.

Odaily News BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes stated in an exclusive interview with Odaily that "Powell's recent concession will accelerate the pace of dollar issuance, and the Fed will align more with Trump's ideas. Bitcoin could reach 250,000 dollars by the end of the year."

Arthur Hayes, co-founder of BitMEX, expressed in an interview that he does not follow the valuation and specific positioning of the Trump family's crypto project WLFI, believing its impact on the crypto market is still unclear. He mentioned that Trump's children hold the distribution rights of WLFI tokens, but he has not studied this project in depth.

Paul Kohlhaas, the founder of Bio Protocol, stated that the platform has earned over $4 million through liquidity fees. The team manages the BioDAO liquidity pool and optimizes its own liquidity. They are currently preparing for cooperation with leading DeFi protocols to launch the BIO lending market.

BlockBeats news, on August 24, according to market data, Bitcoin's market share (BTC.D) has fallen by 2.35% over the past week, currently reported at 58.23%, reaching a new low since January this year. During the same period, the total market capitalization of encryption has risen by 0.24% over the past week, while the total market capitalization excluding Bitcoin (TOTAL 2) has risen by 3.69%, and the total market capitalization excluding both Bitcoin and Ethereum (TOTAL 3) has risen by 1.48%.

Gate News bot message, Gate market shows that since the launch of Alpha, LLM has risen 14266.03%, current price 0.009816 USDT.

According to BlockBeats news on August 24, HyperInsight monitored that "Brother Maji" Huang Licheng has gone long on HYPE with 10x leverage in the past 2 hours, holding 100,000 tokens (approximately 4.41 million USD) with an average opening price of 43.9 USD, currently realizing unrealized gains of 20,000 USD. In addition, "Brother Maji" Huang Licheng also holds a long order of 15,500 ETH (74.06 million USD), with an average opening price of 4,637.75 USD, currently realizing unrealized gains of 2.18 million USD.

According to ChainCatcher news, the CME Fed Watch indicates that the probability of the Fed lowering interest rates by 25 basis points in September is 75% (down from 84.7% yesterday), while the probability of maintaining the interest rate is 25%.

BlockBeats news, on August 24, according to Glassnode data, the daily transaction fees on the BTC network have recently dropped to about 4.09 BTC, marking the lowest coin-based level since the end of 2011.

Odaily News Bitcoin mining company Hut 8 announced the launch of a new up to $1 billion At-the-Market (ATM) stock issuance plan, replacing the $500 million plan for 2024 (approximately $300 million has been issued), intended for the expansion of high-performance computing and AI data centers. (The Miner Mag)

Odaily News According to the official announcement, OKX plans to adjust the gradient level rules for the WLFIUSDT Perptual Futures from 4:00 PM to 10:00 PM (UTC+8) on August 24, 2025.

BlockBeats news, on August 24, according to official news, Binance copy trading users can now customize their copy trading Holdings methods. New features include: copy only when the entry price is better; copy all existing Holdings; only copy new Holdings. This update is being gradually rolled out on the website and app and will be fully deployed in the coming days.

Gate News bot message, Gate market shows ETH falls below 4750 USDT, current price 4749.18 USDT.

Jin10 data reported on August 24 that China Merchants Nanyou announced plans to repurchase shares worth 250 million to 400 million yuan, with a repurchase price not exceeding 4.32 yuan per share. The repurchased shares will be used for cancellation to reduce registered capital, with the funds coming from the company's own funds. It is expected that the number of repurchased shares will be between 57.8703 million and 92.5925 million shares, accounting for 1.21% to 1.93% of the company's total share capital. The repurchase period is within 12 months after the shareholders' meeting approval. The company's directors, senior management, controlling shareholders, and actual controllers have no plans to reduce their holdings in the next 3 months and 6 months.

The Kobeissi Letter published a market analysis, expecting that the Fed's interest rate cut will not go as Trump wishes, and that the rate cuts have lagged behind global trends. Currently, the wealth gap in the United States is widening, with asset owners benefiting more, and 2026 is expected to be a key year for the market.

Golden Finance reported that the Ethereum-based game L3 Xai has filed a lawsuit against Elon Musk's artificial intelligence company xAI, accusing it of trademark infringement and unfair competition. The lawsuit was filed on Thursday in the Northern District of California, alleging that Musk's xAI company has harmed the brand of Xai.

Gate News bot message, a significant market movement occurred as a crypto whale made a substantial deposit of $4.99 million USDC into Hyperliquid platform. Following the deposit, the whale established a long position in XPL token with 3x leverage.

According to the Gate News bot message, on August 24, 2025, the official announcement from Gate: Gate will launch FreeStyle Classic Token on August 24, 2025, at 18:00 ( UTC+8. The trading pair will be FST/USDT. FreeStyle Classic is a project that combines street culture with Web3, dedicated to building a community ecosystem driven by creators of mixed culture and meme culture. The FST token is issued on the BSC network, with a contract address of 0xfa35e2250e376c23955247383dc32c79082e7fcc.

Gate News bot message, according to the official announcement from Gate on July 15, 2025: Gate will launch the Vision ( VSN) token for the first time and will initiate the HODLer Airdrop event. This airdrop event will distribute 272,727 VSN tokens to GT holders, and the event will end on July 16, 2025, at 19:00 ( UTC+8 ). The VSN/USDT trading pair will open for trading on July 16, 2025, at 20:00 ( UTC+8 ). Vision (VSN) is a Web3 ecosystem token that mainly provides wallet rewards, fee discounts, and cross-chain functionality services. The VSN token is issued on the ETH network with a total supply of 4.2 billion tokens, of which 65% is used for public circulation, 20% is allocated to the foundation, 10% is used for business and ecosystem grants, and 5% is used for liquidity provision.

Gate News bot message, a significant trading activity has been detected on HyperLiquid platform. A whale trader deposited 6.5 million USDC into HyperLiquid and subsequently established a Bitcoin long position with 20x leverage.

Foresight News reports that the on-chain Batman ZashXBT tweeted a list of 81 KOL accounts worth blocking, "Block these accounts to optimize your information flow. All these accounts are promoting the MEMENETIC presale event."

The founder of Slow Mist, Yu Xian, forwarded a security warning, reminding users to be cautious of EIP-7702 Phishing. Recently, users have lost $1.54 million due to signing disguised transactions. Attackers lure users into signing malicious transactions through fake websites. It is recommended to verify the authenticity of the link to prevent fraud.

Gate News bot message, FST has been launched on Alpha

Odaily News According to Onchain Lens monitoring, three newly created wallets received a total of 10,600 ETH from Galaxy Digital, worth approximately 51.04 million USD. One address (0xa7a...24e) holds 8,965 ETH, worth approximately 42.90 million USD.

On August 24, Jin10 reported that researchers from institutions such as the Kabardino-Balkar State University of Russia have recently announced that their team is developing a new technology to treat polyethylene waste harmlessly by fully combusting and neutralizing toxic gases, and have made progress.

Former Israeli officer Amir Avivi denied the existence of famine in Gaza during an interview, calling the related photos fake, and stated that the Israeli military notifies in advance the areas of operation, giving the "enemy" a chance to evacuate. He argued that Israel is fighting for its survival.

According to BlockBeats news on August 24, monitoring by OnchainLens shows that in the past 3 hours, a Bitcoin OG Whale has exchanged 1,276 BTC for ETH, worth 147.09 million dollars. Now this OG Whale holds 221,600 ETH, valued at 1.06 billion dollars.

On August 24, news reported that the "Hacker who stole funds from Coinbase users" has cross-chained 7.957 million DAI to Solana in the past hour after converting it to USDC, purchasing 38,126 SOL at a price of $208.7. This hacker has previously conducted multiple ETH transactions in May and July.

Trader Eugene Ng Ah Sio stated that the bull run cycle of January 2023 is about to end, as global buyers are generally purchasing crypto assets, especially Bitcoin and Ethereum, both of which have reached historic highs. He adjusted his trading strategy, focusing on capital preservation rather than capital accumulation, and may miss out on subsequent market trends, but still holds long positions.

According to reports from Iran's news television on the 23rd, a senior official of the Palestinian Islamic Resistance Movement (Hamas), Mardavi, stated on the 24th that a comprehensive ceasefire agreement in the Gaza Strip is entirely possible. However, Israeli Prime Minister Netanyahu is "deliberately sabotaging the negotiations and insisting on continuing the attacks" in order to "achieve his political objectives." Israeli media reported on the 21st that Netanyahu indicated he had instructed to immediately restart negotiations with Hamas. However, Netanyahu also stated that even if Hamas agrees to a ceasefire and the release of hostages, Israel will execute plans for a military takeover of the entire Gaza Strip.

Gate News bot message, Gate market shows that since the launch of Alpha, LLM has risen by 5934.80%, current price 0.004074 USDT.

Foresight News reports that Linea tweeted that Status will build an L2 through Linea, becoming one of the first teams to directly contribute to the Linea codebase. The L2 chain they create will have gas-free transactions, with 100% of net profits returned to the community and made open source to the public. Founded in 2017, Status is one of the founding members of the Linea Alliance, responsible for managing 75% of the Linea Token supply.

On August 24, news reports revealed that Futures Trading whales James Wynn, AguilaTrades, and insider trader @qwatio have recently experienced significant losses in their positions. James Wynn holds about $240,000 in DOGE long orders, with a loss of $226,000; AguilaTrades holds $2.82 million in BTC long orders, with a loss of $6.69 million; @qwatio has traded XPL and ETH, suffering severe losses.

PANews, August 24th news, according to a report by Cointelegraph, Santiment stated in a report on Saturday that discussions on social media have surged around the highly anticipated Fed's September interest rate decision, which could be a warning signal for crypto assets. "Historically, a surge in discussions around a single bullish narrative may indicate that the market is overly optimistic and could signal a local peak," Santiment stated. The mention of keywords related to the Fed and interest rate cuts on social media has soared to the highest level in 11 months.

Odaily News OKX market shows that Wayfinder (PROMPT) short-term broke through 0.32 USDT, currently reported at 0.3138 USDT, with a 24-hour rise of over 117%. It is reported that Wayfinder officially released the Open Alpha version yesterday, which will open its encryption AI agent service to all users.

According to Gate News bot, as per the announcement from Gate on August 24, 2025, Gate will open pre-market OTC trading for the World Liberty Financial ( WLFI ) project on August 24, 2025, at 11:00 UTC+8. World Liberty Financial is a decentralized finance ( DeFi ) project aimed at advancing financial democratization through dollar-backed stablecoins and DeFi applications. The total issuance of the project's token WLFI is 100 billion. The start time for this pre-market OTC trading is August 24, 2025, at 11:00 ( UTC+8 ), and the end time is to be determined. The trading will be priced in USDT, and participants can create orders as market makers or match trades as takers.

According to a report by Jinse Finance, data from the official website shows that the stablecoin USDe issued by Ethena Labs has a supply that has exceeded 12 billion coins, currently at approximately 12.02 billion coins, setting a new historical high.

According to a report by Golden Finance, an investor lost approximately $1.54 million due to signing a phishing batch transaction related to EIP-7702, as monitored by the anti-fraud monitoring provider Scam Sniffer. Scam Sniffer stated that multiple similar victim cases targeting the EIP-7702 upgrade address have been identified, and they warned about phishing attacks involving batch transfers targeting the EIP-7702 upgrade address.

According to ChainCatcher news, monitored by @ai9684xtpa, with the pump of ETH early this morning, a trader using 15x leverage on a long order has unrealized gains of 4.78 million USD after rolling over 125,000 USD; currently, their position is in rollover status, holding 25,108.32 ETH (approximately 12 million USD), entry price at 4,590 USD, and close position price at 4,670.3 USD.

On August 24, Jin10 reported that a shooting incident occurred in Portoviejo, the capital of Manabí province in western Ecuador, on the afternoon of the 23rd, resulting in 5 deaths.

Gate News bot message, Gate market shows that since the launch of Alpha, BUTTPLUG has risen by 2721.35%, current price 0.0024174 USDT.

The number of Korean billionaires holding over 1 billion won in Crypto Assets has reached about 18,000, with an average Holdings of 2.228 billion won, which is more than 200 times that of ordinary users. The largest group is in their 50s, and 76% of the Whales are Upbit users.

Aave founder Stani.eth responded on the X platform to the WLFI team regarding the claim that Aave will receive 7% tokens, stating that the related proposal has been passed on the Aave DAO and has received formal approval from WLFI.

South Korean President Lee Jae-myung and Japanese Prime Minister Shingo Nishida held talks in Tokyo on August 23, releasing a joint press statement, marking the first time in 17 years that South Korea and Japan have publicly announced the results of talks in this manner. Both sides agreed to resume "shuttle diplomacy" and steadily advance bilateral relations, including cooperation in security, hydrogen energy, and artificial intelligence, as well as expanding personnel exchanges.

A trader sold 12.887 billion PEPE (worth 1.45 million USD) and then purchased 2,517 AAVE and 61,567 PENDLE. Currently, he holds 235 trillion PEPE, 12.74 million ENA, 21,298 AAVE, and 734,289 PENDLE, with a total value exceeding 40 million USD.

Gate News bot message, HyperliquidX introduced $WLFI perpetual trading on its platform yesterday. Notable whale activity has been observed in the early trading period. Significant trader "0x9cb", identified as "AndreIsBack" on CEX VIP, established a short position on $WLFI utilizing 3x leverage, ac

According to Foresight News, analysis by Bitcoin Vector indicates that the on-chain liquidity of Bitcoin is strengthening. In the past, every liquidity recovery has preceded a sustained rise in BTC. Swissblock's strategy has shifted to adopting an aggressive allocation. The liquidity recovery situation is reminiscent of past bull run trends.

According to ChainCatcher news reported by Zhito Finance, Tianfeng Securities has released a research report stating that Trump is considering candidates for the new Fed chairman, raising concerns in the market about the "independence" of monetary policy. If Trump nominates a Fed chairman with MAGA characteristics and close personal ties, it may have four impacts: rising stagflation risk; intensified fiscal concerns; weakening of the dollar's status and capital flight; and for the market, it could lead to a "triple kill" of U.S. stocks, bonds, and currency.

Gate News bot message, An Ethereum ICO participant's wallet, which had been inactive, made its first movement in years. The wallet originally received 49.933 ETH for a $15.5 USD investment during Ethereum's ICO. The holder executed a transaction of 0.01 ETH 5 hours ago. The remaining 49.93 ETH balan

The Governor of the Bank of Japan, Kazuo Ueda, stated at the Jackson Hole Central Bank annual meeting that the tight labor market will continue to drive wages upward, indicating that stable inflation is about to be established. Wage rise has expanded to small and medium-sized enterprises, and it is expected to not weaken due to negative demand shocks, which may trigger market speculation about another rate hike.

Gate News bot message, trader 0xbfaa initiated a significant trading position by opening a 3x leveraged short on 5.3 million WLFI tokens, valued at $1.53 million. The position has resulted in a loss exceeding $412,000 since its opening.

According to BlockBeats, on August 24, a whale user created a new wallet address and deposited 5.42 million USDC, planning to short ETH, WLFI, and XPL. The current short position includes 10,641 ETH, 396,711 WLFI, and 53,793 XPL.

In the past two days, 5 newly created Wallets have accumulated 19,332 ETH, worth approximately 92 million USD. The related Wallet Address has been monitored by Lookonchain.

Gate News bot message, Gate market shows, ETH breaks 4800 USDT, current price 4802.38 USDT.

PANews, August 24 news, LayerZero tweeted that StarGate DAO has approved its acquisition of StarGate (STG). StarGateDAO members voted 95% in favor of this acquisition. According to previous news, the LayerZero Foundation proposed an acquisition of the StarGate cross-chain bridge and its token STG for $110 million.

Caitlin Long, CEO of Custodia Bank, pointed out at the seminar that the traditional financial system does not match the real-time settlement mechanism of Blockchain, which could lead to a liquidity crisis. She expressed concern about the impact of the future Bear Market, emphasizing the real-time nature of the Crypto Assets market compared to traditional finance.

PANews August 24 news, according to Coindesk, based on the KPMG Canada Fintech Pulse report, Canadian fintech companies raised $1.62 billion in the first half of 2025, with digital asset and artificial intelligence startups capturing the largest share of new funding. Despite the global economic slowdown, Canadian investors continue to support fintech companies, particularly those focused on Blockchain and AI-driven financial tools. The report notes that with U.S. regulatory support and the momentum of AI solutions, fintech investment is expected to perform strongly in the second half of 2025.

Gate News bot message, Gate market shows that since the launch of Alpha, LLM has pumped 3858.92%, current price 0.002672 USDT.

Golden Finance reported that Tesla CEO Elon Musk: xAI will soon far surpass any company outside of Google and then greatly exceed Google.

Golden Finance reports that Tesla CEO Elon Musk: xAI's Grok 2.5 model is now Open Source, and the Grok 3 model will be Open Source in about 6 months.