According to ChainCatcher, 4E observed that ETH briefly broke through 4900 USD early this morning, reaching a high of 4956 USD, setting a new historical peak, before falling back to 4781 USD.
On the policy front, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that Hong Kong's stablecoin is positioned as a delivery tool, representing another form of fiat currency, with no speculative opportunities. (The stablecoin regulations) will take effect this month, expected to reduce cross-border payment costs from 3% to 1%.
In terms of capital flow, last week the Bitcoin spot ETF recorded a net outflow of 1.175 billion USD, marking the second-largest weekly outflow in history. BlackRock, Fidelity, and ARK Invest ETFs have faced capital withdrawals for several consecutive weeks, with total outflows nearing or exceeding 1 billion USD. Ethereum enterprises continue to expand their treasuries. Nasdaq-listed ETHZilla revised its securities sales agreement, planning to raise up to 10 billion USD to continue purchasing ETH. Meanwhile, Ondo Finance announced the launch of a tokenized stock platform on September 3, initially offering over 100 U.S. stocks on-chain.
NFT and Web3 consumption scenarios are equally active. Pudgy Penguins CEO Luca Netz stated that the company plans to go public by 2027, expecting this year's revenue to reach 50 million USD, and is considering enhancing investor accessibility through tokenized shares.
4E reminds investors: While ETH hits new highs, ETF outflows coexist with institutional expansion, and the market still faces volatility tests. It is advised to rationally allocate positions and be wary of short-term corrections and macroeconomic variables.
