CoinVoice has recently learned that according to 4E observations, ETH briefly broke through $4900 early this morning, reaching a high of $4956, setting a new historical high, and then fell back to $4781.
In terms of policy, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that Hong Kong's stablecoin is positioned as a delivery tool, another manifestation of fiat currency, with no speculation opportunities. (Stablecoin regulations) will take effect this month, expecting to reduce cross-border payment costs from 3% to 1%.
In terms of capital flow, last week Bitcoin spot ETF recorded a net outflow of $1.175 billion, marking the second-largest weekly outflow in history. BlackRock, Fidelity, and ARK Invest ETFs have faced capital withdrawals for several consecutive weeks, with cumulative outflows nearing or exceeding $1 billion. Ethereum enterprise treasury continues to expand. Nasdaq-listed company ETHZilla revised its securities sales agreement, planning to increase its fundraising scale to a maximum of $10 billion to continue purchasing ETH. Meanwhile, Ondo Finance announced that it will launch a tokenized stock platform on September 3, initially providing over 100 U.S. stocks on-chain.
The NFT and Web3 consumption scenes are also active. Pudgy Penguins CEO Luca Netz stated that the company plans to go public before 2027, expecting this year's revenue to reach $50 million, and is considering enhancing investor accessibility through tokenized stocks.
4E reminds investors: As ETH hits a new high, ETF fund outflows coexist with institutional expansion, and the market still faces volatility challenges. It is recommended to rationally allocate positions and be wary of short-term corrections and macro variable impacts. [Original link]
