A whale address is slowly accumulating the Bonk ecosystem's Governance and Propaganda (GP) token, amassing over $480,000 worth of GP in less than a month.

On August 27th, as per the monitoring of Whale Alert, the USDC Treasury has just minted an extra 2.5 billion USDC on the Solana blockchain.

On August 27th, according to the decentralized AI infrastructure Mira, it declared the establishment of a foundation. This foundation will act as the long-term custodian of the Mira Network, concentrating on decentralized network and protocol governance and providing tooling support for developers, researchers, and the community. BlockBeats Note: The establishment of a cryptocurrency project foundation typically indicates that the Total Global Economic (TGE) is drawing near.

On August 27th, officials from Hyperliquid once more responded to the surge in the XPL price. They stated that, based on user feedback, the mark price of the Hyperliquid contract will use the regular mark price formula and be combined with the price of perpetual contracts traded externally before listing (if any). This has no substantial impact on the vast majority of users and situations but can enhance the robustness of the system. It is crucial to note that this will not affect the funding rate or realized profit and loss (PnL). Thanks to those users who provided constructive feedback based on their interactions with the Hyperliquid contract market.

On August 27th, the German Bank analyst Antje Praefcke pointed out that the structural pressure factors facing the US dollar encompass the threat to the independence of the Federal Reserve and the continuous worsening of the US budget deficit. She said that the dismissal of Federal Reserve Board member Lisa Cook by US President Trump has given rise to new concerns regarding the Fed's independence. This independence is "crucial for maintaining the value of the currency." Praefcke stated that the central bank must make painful decisions to address economic imbalances. Additionally, the US dollar is facing a setback due to concerns about the sustainability of US debt. Trump's tax and spending bill may ultimately end up being more costly than currently projected. She stated that although some tax cuts should be temporary, past experience shows that it is difficult to reverse these cuts once they are approaching expiration. (FXStreet)

On August 27th, the cryptocurrency analyst Willy Woo published an article indicating that funds have been moving from BTC to ETH. The daily inflow of ETH reached $9 billion (silver), approaching the inflow level of BTC (orange). Since Tom Lee's Ethereum fund management company, BitMine, began to accumulate ETH, the fund flow of Ethereum has been on the rise.