Ethereum Temporarily Drops Below $4400

On August 17th, based on on-chain data, the long position total unrealized loss of "Brother Big V" Huang Licheng has reached $5.1 million. Currently, his BTC and HYPE long positions are in the profit zone, while his ETH long position has an unrealized loss of as much as $5.14 million.

Update: On August 17th, based on Coinglass data, the total liquidation within the past 24 hours was $175 million. The long liquidations were $107 million and the short liquidations were $68.2499 million.
During the past 24 hours, a total of 65,809 people were liquidated globally. The largest single liquidation took place on Binance - ETHUSDT, amounting to $2.9658 million.

August 16th. This week, Bitcoin reached a new high, with its price surging beyond $123,000 and exceeding the peak in July. Its upward momentum is fueled by institutional buying, corporate treasury allocations, U.S. policy support, and the continuous accumulation of returns at the sovereign nation level. This trend further strengthens the prediction of the global financial advisory giant deVere Group that Bitcoin may reach $150,000 by the end of 2025. As the world's largest cryptocurrency, Bitcoin has risen by more than 31% since the beginning of the year and is up about 60% from the market low in April. The factors driving this round of gains include: · Unprecedented inflows into a U.S. Bitcoin spot ETF; · Several large publicly traded companies adding Bitcoin to their balance sheets; · Bitcoin-friendly policies of the Trump administration; · Profits from Bitcoin holdings by various governments. deVere Group's founder and CEO Nigel Green stated that multiple strong forces are current

On August 16th, Bitcoin Standard Treasury Co. (BSTR) is getting ready to go public by merging with Cantor Equity Partners (CEPO). It currently holds 30,021 bitcoins on its balance sheet and plans to increase its holdings to more than 50,000 bitcoins. This will enable it to surpass MARA Holdings (MARA) and become the second-largest corporate bitcoin holder, with MicroStrategy (MSTR) being the only one ahead. MARA holds over 50,600 bitcoins, while MicroStrategy holds nearly 629,000 bitcoins. Currently, MSTR, MARA, and BSTR together hold approximately 710,000 bitcoins, accounting for about 3.38% of the fixed supply of 21 million bitcoins. This transaction is anticipated to be completed in the fourth quarter, and the company will be listed on Nasdaq under the symbol BSTO. If the full financing is successfully completed, BSTR will set a new record for corporate bitcoin treasuries, presenting a model for other companies to combine sound money with modern market tools.

August 16th, Russian President Putin expressed that visiting Alaska was of great significance and occurred at an appropriate time. The dialogue with Trump was genuine and substantial. Russia holds the US position in high regard and desires a peaceful settlement to the Ukraine conflict. (Forexlive)

On August 16th, based on Blur market data, the floor price of the NFT project Moonbirds witnessed a daily growth of 19.50% and is currently at 3.80 ETH. It has seen a 7-day increase of more than 57%, leading the blue-chip NFT market. The daily trading volume reached 613.88 ETH, and the 7-day trading volume reached 2524.61 ETH.