Ethereum Drops Below $4500

August 29th, xAI made an announcement about the launch of the efficient inference model Grok Code Fast 1, which showcased remarkable performance in AI-assisted programming. During the next 7 days, Grok Code Fast 1 will be freely accessible on mainstream AI programming platforms such as Cursor, GitHub Copilot, Cline, opencode, Windsurf, Roo Code, and Kilo Code. (Gold10)

On August 29th, as per Cointelegraph, the cryptocurrency asset management firm Bitwise has presented the latest Bitcoin price prediction. It is estimated that the price of Bitcoin will ascend to $1.3 million by 2035, primarily driven by institutional demand and Bitcoin's limited supply. This report was released as a part of Bitwise's "Bitcoin Long-Term Capital Market Assumptions," forecasting that Bitcoin will attain a 28.3% compound annual growth rate (CAGR) over the next decade, which significantly outpaces traditional assets like stocks (6.2%), bonds (4.0%), and gold (3.8%). In the base case scenario, Bitwise anticipates that Bitcoin will reach $1.3 million by 2035. In the bullish scenario, Bitcoin might soar to $2.97 million (CAGR 39.4%). And in the bearish scenario, it could plummet to $88,005 (CAGR 2%). This price range showcases the notable volatility in the Bitcoin market despite the growing participation of institutions. Bitcoin is no longer a market dominated solely by reta

On August 29th, based on market information, the US SEC has postponed a decision regarding the authorization of GrayScale's Ethereum Trust (ETHE) to incorporate staking functionality.

On August 29th, according to the Jupiter Data Dashboard, within the past 24 hours, in the Solana issuance platform market share ranking, pump.fun holds the top position with 83.4%, Letsbonk comes in second with 6.99%, and Believe takes the third place with 2.43%.

On August 29th, the Market Oversight Department of the U.S. Commodity Futures Trading Commission (CFTC) issued guidance on a Foreign-Based Trading Platform (FBOT) registration framework today. This framework is applicable to non-U.S. entities that are legally formed and operate outside the United States and wish to provide direct trading platform access to individuals located in the United States. The CFTC's FBOT registration framework is applicable to all markets, regardless of asset class, including traditional and digital asset markets. Acting Chairman Caroline D. Pham stated: "The release of today's FBOT guidance provides regulatory clarity for those who, due to the 'enforcement-based regulation' of the past few years, have left U.S. trading activities and are now seeking a legal return to the United States. By reaffirming the CFTC's longstanding practices of providing U.S. traders with diverse options to access the world's deepest and most liquid markets, as well as a wide range

On August 29th, Crypto journalist Eleanor Terrett disclosed that the Commodity Futures Trading Commission (CFTC) is scheduled to issue guidance to clarify its Foreign Board of Trade (FBOT) registration rules. This provides a legal avenue for non-U.S. exchanges to enable U.S. users to trade on their platforms. Acting Chairman Caroline D. Pham stated that this is a means to bring crypto activities "back to the U.S." as such activities had previously flowed out due to enforcement actions during the Biden administration. At the same time, it reaffirms the regulatory framework that has been in place since the 1990s. For U.S. traders, this implies that they can legally access more global liquidity. For the crypto industry, this is another step towards regulatory clarity and is also part of the Trump administration's "crypto sprint" strategy.