Bonk Ecosystem Development Protocol Token GP Market Cap Surpasses $85 Million, Surging Over 40% in 24 Hours

On August 28th, according to HTX market data, SOL has exceeded $210, and it has a 24-hour percentage increase of 8.46%.

On August 28th, Tom Lee, the chairman of BitMine, stated in an exclusive interview with Mario Nawfal that "the financial system will be reconstructed based on blockchain, similar to the moment when the US dollar departed from the gold standard in 1971. Ethereum will be one of the major beneficiaries. I still have a very bullish attitude towards Bitcoin and believe it could reach $200,000 or even higher. Regarding Ethereum, I think it has greater upside potential. With the development of blockchain and artificial intelligence, it has more potential. Therefore, we regard Ethereum as the largest macro opportunity in the next 10 to 15 years. I think from now until the end of the year, Bitcoin has the potential for a 2x increase, while Ethereum has more than a 2x increase. However, in the long term, we have conducted some research and envisioned a five-year experiment, and the result predicts that Ethereum's ultimate price will be around $60,000. Therefore, Ethereum has tremendous upside po

On August 28th, U.S. Treasury Secretary Yellen stated that there are 11 highly capable candidates for the position of the Chairmanship of the Federal Reserve. After Labor Day (which falls on September 1st this year), we will commence the interview process and submit the final list to President Trump.

On August 28th, as monitored by Whale Alert, Cumberland transferred 22,289 ETH to Coinbase Institutional approximately 3 minutes ago, with a value of approximately $103 million.
BlockBeats had previously reported that approximately 3 and a half hours ago, Cumberland transferred 25,200 ETH to Coinbase Institutional, worth about $116 million.

On August 28th, based on the data from LookOnChain, Tether minted an additional 1 billion USDT today, and Circle minted an additional 250 million USDC. In the past month, Tether and Circle have together minted a total of $8.75 billion worth of stablecoins. An increase in on-chain minted stablecoins generally reflects a growing demand for stablecoins and heightened user participation. It is often correlated with bullish sentiment in the crypto market, suggesting that more funds are flowing into the crypto ecosystem.

On August 28th, according to reports from financefeeds (https://www.financefeeds.com), Falconedge, a newly spun-off hedge fund advisory firm from UK hedge fund Falcon Investment Management, has completed its pre-IPO financing. It plans to pursue a bold Bitcoin treasury strategy, allocating almost all the upcoming IPO proceeds to building a Bitcoin treasury. Falconedge CEO Roy Kashi stated, "By making Bitcoin the company's primary reserve asset, Falconedge is betting that BTC will become the cornerstone of institutional finance in the next decade." Falconedge's IPO is expected to take place in September.