According to 火星财经, 4E observes that BTC briefly surpassed $124,000, reaching a high of $124,474, setting a new historical record. While market sentiment is high, Google Trends data shows that the global search volume for the keyword 'altcoin' has reached a nearly five-year high, indicating that both retail and institutional investors are increasingly interested in the altcoin market. Regarding U.S. politics and monetary policy, the Trump administration is considering 11 candidates for the Federal Reserve chair, including three new candidates: Jefferies Chief Market Strategist David Zervos, former Fed Governor Larry Lindsey, and BlackRock Global Fixed Income CIO Rick Rieder. Analysts point out that if signals of personnel changes strengthen, the market may adjust interest rate expectations and risk pricing in advance. Standard Chartered Bank has significantly raised its end-of-2025 price target for ETH from $4,000 to $7,500, and its end-of-2028 target from $7,500 to $25,000, citing reasons such as the expansion of the Ethereum ecosystem, increased institutional adoption, and the acceleration of on-chain financialization trends. The listed company Metaplanet announced its Q2 2025 financial report: revenue increased by 41% quarter-on-quarter to 1.239 billion yen, and gross profit increased by 38% quarter-on-quarter to 816 million yen; both operating profit and net profit turned from losses to profits, with assets and net assets increasing by 333% and 299% quarter-on-quarter, respectively. Additionally, BitMine Chairman Tom Lee stated that ETH could become the most macro-influential investment opportunity in the next 10 to 15 years, as the integration of artificial intelligence and blockchain financialization on Wall Street will create significant growth space for Ethereum. 4E reminds investors: a historical high and institutional bullishness do not mean the trend is risk-free, and it is advisable for investors to manage their position allocation and cycle rhythm while keeping an eye on the macro narrative of BTC and ETH and their on-chain fundamentals.

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