Thomas Lee: Based on the ETH/BTC exchange rate during the 2021 peak, ETH could rise to $16,000

On August 9th, based on LookOnChain's monitoring, the early Bitcoin evangelist and ShapeShift founder, Erik Voorhees, sold 6,581 ETH today at a price of $4,161, with a value of $27.38 million. Nine years ago, he acquired 14,945 ETH from ShapeShift (valued at $11,560 at that time and now worth $62.68 million), when the price of ETH was only $7.74. His last ETH sale was on December 6, 2024, when he sold 7,807 ETH at a price of $4,005 each ($31.27 million). He still holds 556.68 ETH ($2.33 million).

On August 9th, based on Arkham data, the on-chain assets of Vitalik Buterin, a co-founder of Ethereum, have exceeded $1 billion and currently amount to $1.02 billion. His main holdings consist of 240,000 ETH, 2906 AETHWETH, 300 billion MOODENG tokens, etc.

On August 9th, it was reported that during an interview, the Chief Financial Officer of Block Inc (XYZ), which is a payment platform owned by Twitter co-founder Jack Dorsey, stated that the company will introduce a new Bitcoin mining chip next week. This chip is intended to enhance the decentralized Bitcoin mining ecosystem. A few months ago, Block disclosed that it had completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey posted on the X platform with the caption "Next Week" along with an image of mining tools, suggesting that a new product will be launched on August 14th.

September 8th. As per The Kobeissi Letter, on this day, the cumulative U.S. debt has for the first time ever officially exceeded $37 trillion. From July 4th, when Trump signed the "Beautiful Act" and raised the debt ceiling, the U.S. debt has seen an additional increase of $780 billion, which is equivalent to an average daily increment of $220 billion. Just in the previous week, the U.S. government carried out 10 bond sales with a total value of $724 billion, intensifying the U.S. debt crisis to an unprecedented level.

August 9th: The weekly recap of the Solana ecosystem DEX Jupiter was released. It included the launch of Lend Beta, the launch of the Jupiter Plugin, the addition of tokenized pre-IPO stocks, new APIs and upgrades, improvements in the Verify v4 process, studio upgrades, and vanity addresses. In addition, Jupiter announced that Jup Mobile will disclose a secret update next week.

On August 9th, based on market data, the Bitcoin Dominance (BTC.D) has fallen below 60%, experiencing a 3.1% decrease over the past week and currently standing at 59.98%. The total cryptocurrency market capitalization has increased by 6.9% in the past week. The total market capitalization excluding Bitcoin (TOTAL 2) has risen by 11.94%, and the total market capitalization excluding Bitcoin and Ethereum (TOTAL 3) has increased by 8.58%. The market view generally holds that the continuous decline in Bitcoin dominance indicates the potential onset of Altseason.