Market News Highlights:

1. BTC has suddenly surged back to around 117k, stimulated by positive news and various liquidity injections, with the entry of pension funds bringing significant speculation, although short-term continuity may not be strong;

2. ETH is once again preparing to break 4000, the strongest leader in this round, with capital flowing back in, primarily driven by market confidence;

3. The probability of a 25 basis point rate cut by the CME in September has increased to over 93% compared to the day before, basically fully priced in. If a 50 basis point cut occurs, a rate-cut bull market may begin ahead of schedule;

4. The SEC and Ripple have withdrawn their appeal, and the non-security ruling for XRP in the secondary market has taken effect;

5. Fundamental Global plans to issue up to $5 billion in securities, mainly for purchasing Ethereum;

6. The White House has issued an order to relax the investment scope of 401(k) plans, including digital assets and other alternative assets;