Tether and Circle Executives to Meet with CEO of Major South Korean Bank

On August 21st, as monitored by on-chain analyst Wu Ji, a whale/institution that had been holding 10,606 BTC for 7 years achieved a profit of $1.12 billion. In the past 24 hours, it sold 2,070 BTC ($235 million). A portion of the proceeds from the BTC sale was used to purchase 30,367 ETH ($131 million) in the spot market; part of it was used to open a long position of 78,000 ETH through contracts (with a position value of $336 million). It still holds 8,437 BTC ($960 million) and may continue to shift to ETH.

On August 21st, Harker of the Federal Reserve stated that according to the current data, there will be no rate cut in September. (CNBC)

On August 21st, the vertical AI startup EliseAI successfully completed a Series E funding round of $250 million. This round was led by A16z, and Bessemer Venture Partners, Sapphire Ventures, and Navitas Capital also participated. As a result, the company's valuation doubled to more than $2.2 billion. EliseAI was founded in 2017 by Minna Song (CEO) and Tony Stoyanov (CTO). It has been committed to building domain-specific AI systems that can be used in call centers, manage patient appointments, handle apartment rental requests, etc., without the need for repetitive tasks that usually drain employees and frustrate customers.

On August 21st, Zora initiated the short video feature Vidz, enabling users to engage in trading and discover creators' videos directly within the application.

On August 21st, as monitored by Onchain Lens, a particular Bitcoin OG whale deposited 20 million USDC into HyperLiquid. Subsequently, it opened a 6x leveraged long position in ETH within a new wallet.

On August 21st, Alex Cohen of Bank of America stated in a report that since the Federal Reserve seems ready to resume rate cuts while inflation remains at a high level, the US dollar may further decline. He indicated that the worse-than-expected July nonfarm payroll data and concerns about the Fed's independence have led market expectations for a quicker and larger rate cut. Despite inflation still showing stubborn signs, "implementing potential rate cuts as inflation rises has created a favorable environment for the depreciation of the dollar." Bank of America anticipates that the euro to dollar (EUR/USD) will rise from the current 1.1620 to 1.20 by the end of the year and will further increase to 1.25 by the end of 2026. (FXStreet)