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- El Salvador adopted Bitcoin as legal tender in 2021 to reduce remittance costs and boost financial inclusion, but faced low public trust and infrastructure gaps. - By 2024, Bitcoin transactions fell to <1% of remittances, prompting a shift to voluntary use while retaining 6,000+ BTC as a strategic reserve asset. - The experiment highlights Bitcoin's dual role as a geopolitical hedge against inflation and a cautionary tale of overreliance on unproven tech for systemic economic change. - Investors now view
- U.S. appeals court voided Trump's emergency tariffs under IEEPA, limiting executive power and creating legal uncertainty in trade policy. - Steel tariffs remain intact while broader China/Canada/Mexico tariffs face reversal, disrupting global supply chains and reshaping sectoral competitiveness. - Investors now prioritize resilient energy/tech sectors and geographic diversification as legal battles over IEEPA authority reach the Supreme Court. - The ruling forces policy recalibration toward congressional
- JasmyCoin (JASMY) targets explosive growth amid 2025 Fed rate cuts and altcoin season, leveraging IoT data processing and institutional partnerships. - Historical patterns show JASMY surged 500% during 2020-2021 bull runs, with 2025 altcoin ETF approvals potentially accelerating institutional adoption. - Technical indicators suggest pre-breakout conditions, with price projections ranging from $0.0149 to $0.0462896 by 2025, driven by derivatives activity and bullish funding rates. - Ecosystem upgrades lik
- Ethereum's 2025 institutional adoption, driven by $27.6B ETF inflows and 3–6% staking yields, solidifies its 23.6% market dominance through deflationary supply and regulatory clarity. - Avalanche challenges Ethereum with 66% transaction growth, 96–99.9% fee reductions via Octane/Etna upgrades, and pending Grayscale AVAX ETF approval potentially unlocking billions in liquidity. - The Layer 1 race balances Ethereum's stability (tokenized assets, 30% staking yields) against Avalanche's speculative momentum
In Brief Ethereum holds strong above $4,300, showing potential for a rally towards $5,000. XRP risks decline with a downward breakout, needing external recovery signals. SHIB remains stagnant, awaiting potential movement with next week's volume changes.
In Brief Pump.fun uses aggressive buybacks to rally the PUMP token, boosting trader confidence. Buybacks, amounting to $62 million, reduce selling pressure and support price recovery. Market share resurgence and strong liquidity drive Pump.fun's active Solana presence.
- 23:28Overview of Major Overnight Developments on August 3121:00 (UTC+8) - 7:00 Keywords: Strategy, Pump.fun, Ethereum co-founder 1. The University of Hong Kong Business School will accept Bitcoin for tuition and donations 2. Strategy may be included in the S&P 500 index as early as next week 3. Pump.fun has spent over $62.6 million to buy back its native token PUMP 4. Ethereum co-founder: ETH may increase 100 times in the future, Wall Street needs to understand the rules of the game 5. In August, the net inflow of US spot Ethereum ETFs reached $3.8 billion, marking the second largest monthly capital inflow since launch
- 22:03100 million USD1 were minted on Solana 50 minutes ago.Foresight News reported, according to monitoring by Lookonchain, 100 millions USD1 were minted on Solana 50 minutes ago.
- 22:03A certain whale sold 197 BTC and opened a 3x leveraged short position.Foresight News reported, according to monitoring by Lookonchain, a whale sold 197 BTC at an average price of $108,398 (approximately $21.35 million), and subsequently opened a 3x leveraged short position of 561 BTC (approximately $60.89 million).