The high-profile Ethereum to Bitcoin (ETH to BTC) Whale conducted a significant swap, selling a total of 2000 BTC and purchasing 48,942 ETH over a period of nearly 4 hours.

On September 4th, during the listing debut of mining company American Bitcoin (with the code ABTC) supported by the Trump family, the stock price increased by nearly 17% to $8.04 per share, and reached a high of $14 during the trading session. The trading volume of the stock on the first day exceeded 29 million shares. Eric Trump stated, "We possess a core, high-quality mining operation. Currently, the mining costs are only 50% of the Bitcoin market price. The company holds hundreds of millions of dollars' worth of hardware assets and data centers... While others can only purchase at face value, we can acquire Bitcoin at a significant discount." According to Bloomberg's estimation, the successful listing of American Bitcoin indicates that the stake held by Eric Trump, the second son of Trump, is valued at more than $500 million. Founded in March of this year, American Bitcoin is a cryptocurrency mining and holding company co-founded by Eric Trump and supported by Donald Trump Jr. (t

On September 4th, as monitored by Onchain Lens, the new address '0x900' withdrew 17,000 ETH from Binance, with a value of $75.81 million. Additionally, a whale address beginning with '0x8e0' withdrew 2,312 ETH from Kraken, having a value of $10.31 million.

On September 4th, as per the report in The Information, Polymarket, the world's largest prediction market, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to soon resume operations in the U.S. This was announced by its CEO and founder Shayne Coplan in a tweet on Wednesday. The platform was founded in 2020 and was previously accused by the CFTC of operating an unregistered derivatives market. In 2022, it reached a settlement with U.S. users and ceased operations. On Wednesday, the CFTC issued a "no-action letter" to Polymarket regarding the U.S.-registered exchange and clearinghouse QCEX, which Polymarket acquired for $112 million in July this year. This allows Polymarket to offer prediction market services for events such as elections and also provides relief from certain recordkeeping requirements. Polymarket did not disclose a specific timeframe for its return.

On September 4th, based on CME's "FedWatch": The likelihood of the Fed maintaining the interest rate unchanged in September is 3.4%, and the likelihood of a 25-basis-point rate cut is 96.6%. There is a 1.6% probability of the Fed keeping the interest rate unchanged in October. The cumulative probability of a 25-basis-point rate cut is 46.8%, and the cumulative probability of a 50-basis-point rate cut is 51.6%. (FXStreet)

On September 4th, it was reported that during a recent TV interview, former U.S. President Donald Trump stated that Elon Musk had no alternative but to return to the Republican Party. Trump also refuted the claim that Musk was aligned with the Democratic Party, referring to the Democrats as radical left lunatics. Trump characterized Musk as a sensible person who is merely temporarily refraining. He believed that Musk would ultimately realign with the Republican Party. Trump praised Musk's talent, calling him "80% a super genius," while noting that there are some issues to be overcome. When asked about his relationship with Musk, Trump evaded the question and emphasized that he still had a liking for Musk. (Golden Finance)

September 4th: Kashkari of the Federal Reserve stated that the Fed has not yet accomplished its work of bringing inflation back to 2%. Inflation remains at a high level, yet the labor market is demonstrating signs of cooling. The Fed is confronted with a tricky situation related to its mandate. Data shows that the economy is decelerating and moving towards a soft landing. Tariffs have resulted in an increase in commodity inflation. The Fed relies heavily on government-published economic data. (Fx678 News)