Ethereum surpasses $2,500, with a 1.6% gain in the last 24 hours.

Fortune published an article titled "A New Crypto Giant Is Rising," praising Hyperliquid. At last week's SALT Conference, the premier crypto industry event held in Jackson Hole, Hyperliquid became the talk of the entire gathering. Since its launch in 2023, Hyperliquid has operated under an offshore model, but its team is accelerating efforts to establish a regulated business in the United States. Unlike most offshore firms that have stumbled in the U.S. market, Hyperliquid boasts multiple advantages: CEO Jeff Yan was born in the U.S., and it is reported that he has secured support for perpetual contracts from influential figures including former President Trump and the Chairman of the Commodity Futures Trading Commission (CFTC). The company's team also includes Schamis, who brings decades of credibility in traditional finance, and prominent crypto lawyer Jake Chervinsky, who is dedicated to building a legal framework for DeFi in the U.S. Fortune assesses that Hyperliquid could suddenly emerge as a major competitive threat to crypto giants such as Coinbase, Kraken, and Robinhood, much like Binance burst onto the scene in 2017.

BitMine, the largest Ethereum treasury firm, added 32,447 Ether (ETH) to its holdings last week. As of August 23, its total Ethereum holdings stood at 5,847,611 ETH, representing roughly 4.8% of Ethereum’s total supply. Currently, BitMine’s total assets—including cryptocurrencies, cash, and other investments—are valued at approximately $14.9 billion, comprising $308 million in cash and securities, 210 Bitcoin (BTC), $180 million in equity stakes in Beast Industries, and an $89 million investment in Eightco Holdings (ORBS). Furthermore, the amount of Ethereum it has staked remains at 5,067,309 ETH, accounting for 87% of its total holdings and worth around $12.4 billion, with an annualized staking yield of roughly $330 million.

A source familiar with the matter said the U.S. Treasury Department is expected to announce an expansion of secondary sanctions targeting countries and entities conducting business with Iran, with plans to impose secondary sanctions on any activity involving specific Iranian sectors. U.S. Treasury Secretary Scott Bessent will unveil details of the Iran sanctions at 2 p.m. Eastern Time, which is 2 a.m. Beijing time tonight. Significant volatility in stock and crypto markets is anticipated. Bessent previously wrote in the Financial Times that the U.S. is entering a decisive phase, noting that an economic "D-Day" for Iran is approaching at dawn—marking the largest financial offensive ever launched against an adversarial power. When elaborating on the related sanctions measures, Bessent specifically added that "large-scale" military operations are not expected to be needed.

According to GMGN market data, the meme token Artificial Inu (AI) on the Robinhood chain — which was previously bought by Ansem via trading signals — hit a new phase high of over $37 million in market cap today before pulling back. It is now priced at $27 million, with a 24-hour gain of 44.5% and 24-hour trading volume of $5 million. On August 21, Ansem purchased over $21,000 worth of the Artificial Inu meme token on the Robinhood chain, a move that sparked follow-up hype in the market. Artificial Inu integrates narratives around Shiba Inu, AI, and NVIDIA, and features a pairing mechanism with tokenized NVDA. BlockBeats reminds users that such tokens are highly volatile, so investors should exercise caution.

，《财富》刊文《一个新的加密巨头崛起了》盛赞 Hyperliquid。在上周于杰克逊霍尔举行的加密行业顶级盛会 SALT 会议上，Hyperliquid 成为全场热议的焦点。Hyperliquid 自 2023 年上线以来一直采取离岸模式运营，但其团队正加速推动在美国建立受监管业务。与多数折戟美国市场的离岸公司不同，Hyperliquid 拥有多重优势：CEO Jeff Yan 为美国出生，且据称获得特朗普及 CFTC 主席等有影响力人士对永续合约的支持。公司团队还包括拥有数十年传统金融信誉的 Schamis，以及致力于为 DeFi 在美国建立法律框架的知名加密律师 Jake Chervinsky。《财富》判断 Hyperliquid 可能突然成为 Coinbase、Kraken 和 Robinhood 等加密巨头的重大竞争威胁，如同 2017 年 Binance 横空出世。

Wells Fargo stated that Marvell Technology (MRVL.O) has delivered strong performance this year, and its stock price is expected to continue rising as the company prepares to release its latest quarterly earnings report. The firm assigned an "Overweight" rating to the chipmaker and raised its price target from $240 to $310, representing nearly 31% upside from last Friday’s closing price. "We view Marvell more as a chip company with independent growth logic, and its performance is likely to outpace the overall growth of the chip industry regardless of whether the sector is in a good or bad cycle," it noted.