Gryphon Digital surged over 20% in pre-market trading, American Bitcoin Plans to Go Public through a SPAC Merger

On August 28th, according to HTX market data, the pre-market trading price of WLFI (World Liberty Financial) has surpassed $0.28 and is currently trading at $0.282, with a 6.41% increase in the past 24 hours. According to Coinglass data, the total open interest of WLFI futures contracts on the network is currently $423 million, and the trading volume in the past 24 hours is $755 million. The current network-wide aggregated long/short ratio is 0.947. BlockBeats previously reported that the project of the Trump family, World Liberty Finance (WLFI), is scheduled to be launched on Ethereum on September 1st with open claiming and trading. Early supporters (in the $0.015 and $0.05 rounds) will unlock 20%, and the remaining 80% will be determined by community voting. Tokens held by the founding team, advisors, and partners will not be unlocked. Trading will start at 8:00 PM on September 1st (Beijing time), and the 20% token claiming will begin.

August 28th, Greeks.Live issued its daily market briefing, stating that the community generally holds a cautious attitude towards the short-term market trend and believes that BTC and ETH are relatively weak and need a rapid price breakthrough to reduce risks. More attention is focused on the short-term opportunity of SOL. It is believed that ETH may experience a correction in the next few days, temporarily making way for other currencies.

On August 28th, according to HTX market data, Ethereum fell below $4,500, experiencing a 24-hour decline of 3.37%.

On August 28th, as per Coindesk, the Bitcoin startup Portal to Bitcoin has successfully concluded a $50 million funding round. This round was led by Paloma Investments, raising the total funding for the project to $92 million. This infusion of funds will be dedicated to facilitating the expansion of the company's BitScaler adapter. The BitScaler enables the scaling of native Bitcoin without the need for wrapped tokens, custodial bridging, or "message passing or other insecure workarounds." Portal intends to utilize this new funding to expand its grant program and bring on board institutional and community liquidity providers.

On August 28th, according to on-chain data, a total of 14.59 billion WLFI tokens have been transferred to the Lockbox contract. This accounts for 14.59% of the total token supply. The estimated value based on the current contract price is approximately $4.1 billion. Previously, it was reported that the WLFI tokens are scheduled to start unlocking at 8:00 AM Eastern Time on September 1st, and the related feature page (Lockbox) has been launched.

On August 28th, based on CME's "FedWatch" data, once the initial jobless claims were made public, the likelihood of the Fed cutting interest rates by 25 basis points in September currently stands at 87.3%, and the probability of no rate change is 12.7%.
Previously, it was reported that the initial jobless claims in the US for the week ending August 23rd were 229,000, with an expected value of 230,000, and the previously revised value was changed from 235,000 to 234,000.