8.10 AI Daily Crypto Assets market heat rises again, Ethereum breaks 4000 dollars leading a new round of pump.

1. Headlines

1. Ethereum breaks the $4000 barrier, analysts predict it will reach a new high within 1-2 weeks.

The price of Ethereum has broken through the $4000 barrier for the first time since the end of 2024, sparking market discussions. Analyst Merlijn stated that the upward price channel for Ethereum has been opened, with the current highest target price potentially set at $20,000. Trader Bull pointed out that due to large-scale short squeezes and institutional buying pressure, it may be easier for Ethereum's price to reach new highs. If the weekly closing price is above the $4100 range, a new historical high could appear within 1-2 weeks.

The price of Ethereum continues to rise, mainly due to the combined influence of several factors. First, the demand from institutional investors for Ethereum is steadily increasing, with a significant influx of funds providing momentum for price increases. Secondly, the Ethereum ecosystem is continuously developing, with various innovative applications emerging, attracting more users to join. In addition, the technological upgrades of Ethereum are also steadily progressing, which is expected to further enhance the network's scalability and efficiency.

In the long run, Ethereum, as a leading smart contract platform, has broad application prospects in emerging fields such as Web3 and the metaverse. With the implementation of more innovative applications, the value of Ethereum is expected to be further unlocked. However, changes in regulatory policies, the rise of competitors, and other factors may also pose certain challenges to the development of Ethereum.

2. The number of registered companies in Hong Kong has reached a new high, with the government promoting the development of the digital economy.

The Chief Executive of the Hong Kong Special Administrative Region, John Lee, announced the latest data on the 10th. As of the end of July, the total number of registered local companies in Hong Kong exceeded 1.5 million, and over 15,000 non-Hong Kong companies were registered, both figures hitting a record high. From January 2023 to July this year, the Invest Hong Kong has assisted 1,333 enterprises in setting up or expanding their businesses in Hong Kong, attracting HK$174 billion in first-year direct investment and creating over 19,000 new jobs.

The significant increase in the number of company registrations reflects the continuous strengthening of Hong Kong's status as an international financial center. In recent years, the Hong Kong government has vigorously promoted the development of the digital economy, including cryptocurrency regulation and licensing of virtual asset exchanges, creating a favorable development environment for fintech companies. At the same time, Hong Kong's unique "One Country, Two Systems" advantage gives it a unique edge in connecting the mainland with international markets.

However, Hong Kong also faces some challenges in developing its digital economy. The first is the talent shortage issue; Hong Kong needs to further attract international talent to develop in the region. Secondly, the formulation of regulatory policies needs to keep pace with the times, ensuring that investor interests are protected while not stifling innovative vitality. In addition, Hong Kong needs to strengthen its cooperation with mainland cities to jointly build the "Digital Silk Road."

3. Ant Group strictly controls the risks of RWA projects, with a target registration scale of tens of billions within the year.

At the launch ceremony of the RWA registration and registration platform in Hong Kong, Bian Zhuoqun, Vice President of Ant Group and President of Ant Digital Technology's blockchain business, disclosed that Ant Digital Technology has rejected high-risk RWA projects such as agricultural products, red wine, and famous paintings in the past year, emphasizing that "we absolutely do not touch what cannot be done." Their screening criteria focus on three core aspects: value stability, clarity of legal rights, and verifiability of off-chain data.

RWA( Real World Asset, 现实资产 ) refers to the issuance and circulation of real-world assets on the blockchain through digital means. With the clarification of regulatory policies, RWA is seen as an important application scenario of blockchain technology in the traditional financial sector. However, at the same time, RWA projects also face significant regulatory risks and fraud risks.

Ant Financial Technology, as a leading blockchain technology service provider in China, has placed great emphasis on risk control since the early development of its RWA business. By implementing strict standards for selection, it has avoided the entry of some high-risk projects. At the same time, Ant Financial Technology has also strengthened its support for RWA projects on a technical level, enhancing asset confirmation and data credibility.

Industry insiders point out that while RWA has broad prospects, its development path is not smooth. In addition to challenges related to technology and regulation, how to attract more quality assets to be issued and circulated on-chain is also key to the development of the RWA ecosystem. Only by continuously strengthening industry self-discipline can RWA truly unleash its value potential.

4. Alpha launches GameBuild, the first phase airdrop of 10,200 GAME tokens.

Alpha is now live on GameBuild(GAME). Eligible users can use Alpha points to claim airdrop of 10,200 GAME tokens on the Alpha event page within 24 hours after the trading opens.

Alpha airdrop will be distributed in two phases: In the first phase, users who hold at least 237 Alpha points can claim within the first 18 hours after (; In the second phase, users who hold at least 200 Alpha points can participate within 6 hours after ), on a first-come, first-served basis. If the event is not over, the score threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Alpha points.

GameBuild is a blockchain infrastructure platform aimed at game developers, designed to provide one-stop services such as on-chain asset management and NFT minting. Through deep integration with the ecosystem, GameBuild is expected to attract more game projects to settle in.

This airdrop event can be seen as a signal of further embracing the GameFi track. In recent years, blockchain games have attracted a large number of users with innovative economic models and play-to-earn mechanisms. However, issues such as varying game quality and loopholes in the economic models have also become constraints on industry development.

Industry insiders believe that GameFi is still in its early stages and requires the joint efforts of all parties in the ecosystem to promote its healthy development. In addition to improving game quality, how to design a reasonable token economic model and protect user rights are urgent issues that need to be addressed.

( 5. Ethereum core developer Vitalik Buterin's on-chain assets have surpassed 1 billion USD.

According to market data, the total on-chain asset value of Ethereum core developer Vitalik Buterin has surpassed $1 billion. Among them, Ethereum accounts for the highest proportion, with approximately 3.5 million coins, valued at about $750 million. In addition, Buterin also holds a large number of other tokens, such as SHIB, DOGE, etc.

As one of the founders of Ethereum, Buterin has always been one of the most关注的人物 in the cryptocurrency field. His wealth changes are often seen as a barometer for the development status of Ethereum. This time, Buterin's assets have surpassed the $1 billion mark, which will undoubtedly further boost the market's confidence in Ethereum.

However, some analysts have pointed out that Buterin's wealth growth is mainly due to the rise in the price of Ethereum, rather than an increase in the number of tokens he holds. From this perspective, the changes in Buterin's assets reflect more the development status of the Ethereum ecosystem, rather than the actual growth of his personal wealth.

On the other hand, Buterin has always adhered to the concept of charity, donating digital assets to various public welfare projects multiple times. In the future, whether he will continue this practice will also attract widespread attention from both inside and outside the industry. Regardless, as one of the most influential figures in the cryptocurrency field, Buterin's every move will have a certain impact on the market.

2. Industry News

) 1. Ethereum breaks through the $4000 mark, institutional buying drives prices to new highs.

Ethereum price has broken through the $4000 mark, setting a new historical high. This surge is primarily driven by institutional investors making large purchases. Analysts point out that as the Ethereum merge approaches, institutions are optimistic about its long-term prospects and are increasingly positioning themselves. Meanwhile, the activity level of the Ethereum ecosystem continues to rise, with DeFi, NFTs, and other applications emerging one after another, injecting momentum into the price increase.

Exchange data shows that the net inflow of Ethereum in the past 24 hours has exceeded 1 million coins, reflecting a significant purchase by institutional investors. Analysts expect that if Ethereum can gain strong support above $4000, it is likely to further rise to $5000 or even higher levels in the future. However, some analysts also warn that a rapid price increase may trigger profit-taking, and investors need to pay attention to risk control.

2. Bitcoin has a moderate increase in the short term, and miner holdings are increasing.

The price of Bitcoin saw a slight increase on August 10, currently trading around $116,000. Analysts believe that Bitcoin will maintain a moderate upward trend in the short term, primarily driven by an increase in miner holdings and expectations of interest rate cuts by the Federal Reserve.

Data shows that Bitcoin miners' holdings have increased by nearly 2,000 coins in the past week, reflecting an optimistic outlook among miners for the market's future. Meanwhile, Federal Reserve official Bowman stated that there will be three more rate cuts this year, which is expected to alleviate inflation pressures and bring positive news for risk assets such as Bitcoin.

However, some analysts hold a cautious attitude towards Bitcoin's future market. They point out that the current macroeconomic situation remains severe, with increasing geopolitical risks, which may limit Bitcoin's upside potential. Investors need to closely monitor changes in fundamentals and cautiously manage risks.

3. Altcoins are rising, investor sentiment is high.

With Bitcoin and Ethereum leading the way, the altcoin sector has also seen a general upward trend. Data shows that in the past 24 hours, mainstream altcoins such as AAVE, LDO, and ENA have all surged by more than 5%.

Analysts say that the rise of altcoins is mainly due to investors' optimistic expectations for the cryptocurrency market. As the prices of Bitcoin and Ethereum continue to rise, the enthusiasm for altcoins among investors is also increasing. Meanwhile, the development prospects of some altcoin projects have been recognized, which has also driven up prices.

However, some analysts also remind that the volatility of altcoins is relatively high and the investment risk is greater. Investors need to be cautious when participating, control their positions well, and closely monitor the actual progress of the projects.

Overall, the cryptocurrency market showed a comprehensive upward trend on August 10. The significant influx of institutional funds drove the rise of Bitcoin and Ethereum, while also boosting the overall rally in the altcoin sector. However, investors also need to be vigilant about potential risks and carefully manage their investment pace.

3. Project News

1. Chainlink launches a new cross-chain interoperability protocol CCIP

Chainlink is a widely popular blockchain oracle network designed to provide reliable external data sources for smart contracts. Recently, Chainlink launched a new protocol called Cross-Chain Interoperability Protocol ###CCIP###, aimed at achieving cross-chain interoperability and bringing new development opportunities to the blockchain ecosystem.

CCIP allows smart contracts on different blockchains to communicate and interact with each other, breaking the limitations of blockchain islands. Through CCIP, developers can build cross-chain decentralized applications (dApp), leveraging the advantages of different blockchains to achieve more efficient and secure operations. This innovation is expected to promote the widespread application of blockchain technology in fields such as finance, supply chain, and the Internet of Things.

The launch of this protocol has attracted widespread attention and praise from industry insiders. Analysts believe that CCIP will become an important infrastructure for blockchain development, helping to accelerate the large-scale application of blockchain technology. Some cryptocurrency exchanges and wallet service providers have expressed their intention to support CCIP, providing users with a more seamless cross-chain experience.

However, some experts have raised concerns, such as the security and reliability issues of cross-chain operations. The Chainlink team stated that they will continue to optimize CCIP to ensure its security and reliability, contributing to the development of the blockchain ecosystem.

( 2. Aptos has launched a new programmable blockchain Aptos Move

Aptos is an emerging blockchain project created by former Meta) Facebook### employees, aiming to build a high-performance and scalable blockchain platform. Recently, Aptos launched its core product Aptos Move, which is a new programmable blockchain built using the Move programming language.

The core advantages of Aptos Move lie in its high throughput, low latency, and scalability. It employs an innovative technology called "Blockchain Virtual Machine," which allows multiple smart contracts to be executed in parallel on a single node, significantly improving transaction processing speed. In addition, Aptos Move also offers excellent programmability, enabling developers to build various decentralized applications using the Move language.

The launch of the project has attracted widespread attention in the industry. Analysts believe that Aptos Move is expected to become the next-generation blockchain infrastructure, supporting high-performance decentralized applications. Some well-known investment institutions have invested in Aptos, expressing their confidence in the project.

However, there are some voices of doubt. Some experts are concerned about the security and decentralization of Aptos Move, believing that it relies too much on the core development team. Others question whether it truly addresses the scalability issues of blockchain.

The Aptos team stated that they will continue to optimize Aptos Move, enhance its security and decentralization, while attracting more developers to join the ecosystem to jointly promote the development of blockchain technology.

( 3. Sui has launched a new blockchain gaming ecosystem SuiPlay.

Sui is an emerging blockchain project created by former Meta) Facebook### employees, aiming to build a high-performance, scalable blockchain platform. Recently, Sui launched a blockchain game ecosystem called SuiPlay, providing game developers and players with a brand new gaming experience.

The core advantages of SuiPlay lie in its high throughput, low latency, and scalability. It utilizes the underlying technology of the Sui blockchain, which can support a large number of players online simultaneously, ensuring a smooth gaming experience. In addition, SuiPlay also provides an open ecosystem where game developers can build various innovative blockchain games and achieve profitability through a token economic model.

The launch of this ecosystem has garnered widespread attention from the gaming industry. Analysts believe that SuiPlay is poised to become a new benchmark for blockchain gaming, offering players an unprecedented gaming experience. Several well-known gaming companies have indicated that they will launch new games on SuiPlay, seizing this emerging market.

However, there are also some skeptical voices. Some experts are concerned about the security and decentralization of SuiPlay, believing it relies too heavily on the Sui team. Others question whether its gaming ecosystem is truly attractive enough to draw in a sufficient number of players and developers.

The Sui team stated that they will continue to optimize SuiPlay, enhance its security and degree of decentralization, while attracting more excellent game developers to join the ecosystem and jointly promote the development of blockchain games.

( 4. Arrum launches a new Layer 2 scaling solution Arrum Nitro

Arrum is a highly regarded Layer 2 scaling solution within the Ethereum ecosystem. Recently, Arrum launched a new scaling solution called Arrum Nitro, aimed at further enhancing the throughput and scalability of the Ethereum network.

The core innovation of Arrum Nitro lies in its adoption of a new technology called "Optimistic Aggregation," which significantly enhances transaction processing speed. Compared to traditional Layer 2 scaling solutions, Arrum Nitro achieves higher throughput and lower transaction latency without sacrificing security and decentralization.

The launch of this solution has attracted widespread attention from the Ethereum community. Analysts believe that Arrum Nitro is expected to become an important solution for Ethereum scaling, providing support for the deployment of more decentralized applications. Some well-known DeFi projects have expressed their intention to migrate to Arrum Nitro for better performance and user experience.

However, there are also some dissenting voices. Some experts are concerned about the security and decentralization of Arrum Nitro, believing that it relies too heavily on the Arrum team. Others question whether it truly addresses the scalability issues of Ethereum or is merely a stopgap measure.

The Arrum team stated that they will continue to optimize Arrum Nitro, enhancing its security and degree of decentralization, while attracting more优秀 developers to join the ecosystem and jointly promote the development of the Ethereum network.

4. Economic Dynamics

) 1. The US July CPI data exceeded expectations, and inflationary pressures persist.

Economic Background: The US economy maintained moderate growth in the first half of 2025, but inflationary pressures remained high. According to the latest data, the annualized GDP growth rate for the second quarter was 2.4%, slightly lower than the 2.6% of the previous quarter. The unemployment rate hovered at a low level of 5.1%, and the job market remained tight. However, the inflation rate surged to 6.8% in June, well above the Federal Reserve's target level of 2%.

Important Event: Data released by the U.S. Bureau of Labor Statistics on August 10 showed that the Consumer Price Index ### CPI ### rose by 6.5% year-on-year in July, higher than the market expectation of 6.3%. Prior to this, the Federal Reserve had raised interest rates ten consecutive times to curb inflation. This CPI data indicates that inflationary pressures have not significantly eased, which may prompt the Federal Reserve to raise interest rates again in September.

Market Reaction: The three major U.S. stock indexes fell sharply after the CPI data was released. Investors are concerned that persistently high inflation will force the Federal Reserve to further tighten monetary policy, increasing the risk of an economic recession. The U.S. dollar index rose slightly, reflecting an increase in market expectations for Fed rate hikes. The bond yield curve further inverted, indicating a heightened risk of economic slowdown.

Expert Opinion: Goldman Sachs Chief Economist Jan Hatzius stated that although the inflation rate has decreased, the core inflation rate continues to rise, which may prompt the Federal Reserve to raise interest rates significantly by 75 basis points again in September. He expects the inflation rate to drop to around 4% by the end of 2025. Bank of America Merrill Lynch's global research department believes that the Federal Reserve may raise rates to a high of 5.25%-5.5% within the year and start a rate-cutting cycle in early 2026.

( 2. China's export data in July is strong, and the trade surplus has expanded.

Economic Background: In the first half of 2025, China's economy maintained relatively robust growth amid the impacts of the pandemic and geopolitical tensions. The GDP in the second quarter grew by 4.5% year-on-year, slightly lower than the 4.8% in the first quarter. Strong export performance was the main driving force behind economic growth, while domestic demand remained relatively weak. Inflationary pressures eased, with the CPI rising by 2.7% year-on-year in June.

Important event: Data released on August 10 shows that China's exports in July increased by 18.8% year-on-year, significantly higher than the market expectation of around 15%. Imports increased by 4.8% year-on-year, and the trade surplus expanded to $103 billion, setting the second highest record in history. The strong exports are mainly attributed to the continued recovery of overseas demand.

Market reaction: The export data exceeded expectations, which is encouraging and helps alleviate concerns about the slowing Chinese economy. The onshore RMB exchange rate against the US dollar rose slightly. The A-share market showed a volatile trend, with investors focusing on possible further support measures that the government may introduce. Bond yields declined slightly.

Expert Opinion: The macro research team of CICC believes that the strong export performance is mainly due to the continued recovery of overseas demand, while domestic demand remains weak. They expect that export growth will slow down in the second half of the year, and the trade surplus will also narrow. The macro team of Guotai Junan stated that current inflationary pressures are moderate, leaving room for the government to further implement easing policies to support domestic demand and investment.

) 3. The European Central Bank raises interest rates by 75 basis points, inflation in the Eurozone remains high.

Economic Background: The Eurozone economy showed weak growth in the first half of 2025, with GDP growing only 0.6% year-on-year in the second quarter. The inflation rate surged to a historic high of 8.6% in June, primarily driven by rising energy and food prices. The labor market performed relatively well, with the unemployment rate remaining low at 6.6%.

Important Event: The European Central Bank decided to raise interest rates by 75 basis points at its monetary policy meeting on August 10, marking the largest single increase since the eurozone was established in 1999. ECB President Lagarde stated that the persistently high inflation rate is concerning and decisive action is needed to curb the rising inflation expectations.

Market reaction: The euro to US dollar exchange rate rose slightly after the announcement. European stock markets generally fell, as investors worried that a rapid pace of interest rate hikes would hinder economic growth. The yield on Germany's 10-year government bonds surpassed 2.6%, reaching a new high since 2011.

Expert Opinion: The macro research team at Deutsche Bank believes that the European Central Bank is resolute in its decision to raise interest rates, and they anticipate significant increases in the coming months. They expect the inflation rate in the Eurozone to fall to around 5% by the end of 2025. Goldman Sachs, on the other hand, warns that if Russia completely cuts off gas supplies, the Eurozone could plunge into a deep recession.

5. Regulation & Policy

1. A new law in El Salvador allows investment banks to provide cryptocurrency services.

The government of El Salvador recently passed the "Investment Banking Law," allowing licensed investment banks to hold digital assets such as Bitcoin and provide cryptocurrency services to qualified investors. The law stipulates that investment banks can apply for a digital asset service provider license and may even operate under a pure Bitcoin banking model.

Policy background: The Salvadoran Digital Assets Committee ### CNAD ### is the main agency in the country regulating cryptocurrencies. Through this new law, the government aims to attract foreign investment and consolidate its position as a financial innovation hub. However, critics point out that the existing crypto policies mainly benefit institutions rather than the general public.

Policy content: According to the new law, investment banks can apply for a digital asset service provider license, allowing them to hold and manage crypto assets. Licensed banks can also provide cryptocurrency-related services to qualified investors, such as custody, trading, and portfolio management. The law also allows investment banks to operate under a pure Bitcoin banking model.

Market reaction: The bill has been widely welcomed by the cryptocurrency industry. Insiders believe that it will attract more crypto companies and investments to El Salvador, pushing the country to become a regional crypto hub. However, critics point out that the bill may exacerbate the digital divide between financial institutions and the general public.

Expert Opinion: Nabil Alkhalil, head of the Blockchain Research Institute, stated: "This is an important step taken by the government of El Salvador to promote the adoption of cryptocurrency. Allowing investment banks to offer crypto services will provide institutional investors with more avenues for participation."

However, cryptocurrency regulation expert Siân Jones takes a cautious stance: "While this initiative is beneficial for attracting foreign investment, it may also exacerbate the digital divide between financial institutions and the general public. The government needs to take balanced measures to ensure the widespread adoption of cryptocurrencies."