🚀 Market Rebound: Cryptocurrency Fully Recovers

In the past 24 hours, the cryptocurrency market has made a strong rebound, with the overall market capitalization rising by 6.1% to reach $4.13 trillion. Bitcoin has steadily increased by 3.8%, priced at $116,800. Ethereum surged even more, once hitting a historic high of $4,808! The major cryptocurrencies generally saw an increase of 5%-10%, creating a very positive atmosphere.

🕊 Powell's Dovish Tone Thrills the Market

Federal Reserve Chairman Powell stated at the Jackson Hole meeting that due to increased risks in the labor market, a rate cut may be initiated in September. As soon as the words left his mouth, investor sentiment was instantly ignited: Bitcoin and Ethereum continued to rise, and the U.S. stock market also followed suit, while the dollar and Treasury yields quietly retreated. The market feels that Powell is genuinely 'dovish' this time.

🇪🇺 ECB's 'Digital Euro' Goes Public, Unveiling On-Chain Strategy

The European Central Bank plans to issue a digital euro on public blockchains like Ethereum or Solana, aiming to take a central position in the stablecoin arena. Unlike other countries that rely on private chains, this move is more open and interesting, but it raises concerns about how the government will manage blockchain governance. The outcome? We'll see by the end of the year!

📈 VanEck Aims at Solana, Launching Liquid Staking ETF

Asset management giant VanEck has applied for an ETF based on Solana's liquid staking token JitoSOL, providing investors with a new way to easily earn staking rewards. The SEC's regulatory policies are still dynamically adjusting, and the success or failure of this ETF is receiving a lot of attention, potentially sparking a new trend in compliant token staking.

As the world's second-largest institutional holder of Ethereum, SharpLink Gaming has announced a $1.5 billion stock buyback plan to acquire more ETH while the stock price is low, increasing the amount of Ethereum per share. They recently appointed Ethereum co-founder Joseph Lubin as chairman, demonstrating their strong confidence in ETH.

The above content is for informational sharing only and does not constitute any investment advice!

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