Thomas Lee, chairman of the board of directors of BitMine (BMNR), said that if the high level of the Ethereum to Bitcoin (ETH/BTC) exchange rate in 2021 is taken into account, the price of ETH may rise to $16,000. (Cointelegraph)

According to Odaily Planet Daily, Lookonchain monitoring indicates that an address has again failed to take profits at a floating profit of $4.25 million and is now nearing liquidation at a price of $3,724.15. Due to this loss, the account has lost all gains from the previous three trades, resulting in a current principal loss of $2.34 million.

According to Lookonchain monitoring, a mysterious whale/organization created a new wallet and transferred 11,062 ETH (worth approximately $40.74 million) from FalconX an hour ago. Over the past three days, this entity has created five wallets and received a total of 147,591 ETH from FalconX, Galaxy Digital, and BitGo, totaling approximately $541.66 million at current prices.

1. A Placeholder partner stated that the upward trend in the ETH/BTC exchange rate may continue; 2. The number of daily transactions on the Ethereum network rose to 1.87 million, approaching its historical peak; 3. Parataxis Holdings will merge with SilverBox to raise $640 million to establish a Bitcoin treasury company; 4. Orca Council Proposal: Propose to repurchase ORCA with up to 55,000 SOL and stake it; 5. Vitalik said that Ethereum will eventually achieve "almost real-time" transfers of native assets across L2 via L1; 6. Whales have accumulated approximately $464.5 million worth of ETH for three consecutive days. 7. Trader Eugene intends to temporarily suspend trading and then resume trading if clearly unreasonable pricing occurs; 8. MYX announced the distribution of 3% of its tokens for the Binance Wallet airdrop: The tokens will not be sold immediately on the open market, and the remaining 1.5% will be unlocked on November 6th. 9. CBOE submits application seeking to allow VanEck Ethereum ETF to be collateralized; 10. Magic Eden announced that the second quarter airdrop rewards will be issued soon, with the reward increased to 10 million ME; 11. Nasdaq-listed company TAO Synergies disclosed that it holds 42,111 TAO tokens; 12. U.S. money markets currently price in a 91% chance of a September rate cut; 13. The White House said Trump will impose a 25% tariff on Indian goods; 14. The United States will impose an additional 15% tariff on Japanese imports; 15. Thomas Lee once again published an article expressing his bullish view on Ethereum, saying that ETH today is similar to BTC in 2017; 16. Cosmos Health reaches a securities purchase agreement of up to $300 million to launch an ETH treasury; 17. "Bond King" Gross said that GameStop's recent stock price trend is slightly similar to BTC; 18. Circle and Corpay partner to provide stablecoin support for corporate transaction payments; 19. Empery Digital once again increased its holdings by approximately 88 BTC, bringing its holdings to over 4,000. 20. Fed's Kashkari said two rate cuts this year still seem appropriate; 21. Satsuma completed approximately US$218 million in financing, with participation from ParaFi Capital and others; 22. Trump Media Technology Company began public testing of its AI search engine "Truth Search AI"; 23. ZOOZ Power completed its first round of private equity financing of US$5 million and plans to advance its Bitcoin treasury strategy; 24. Bakkt acquires Japanese listed company Marusho Hotta and renames it "bitcoin.jp" 25. Analysts say Bitcoin may fall to the "price risk zone" of $105,000; 26. Satoshigallery launched a petition to restore the Satoshi Nakamoto statue in Lugano; 27. Decentralized prediction market Bayes Labs completed a $2 million strategic round of financing, with participation from GreenVision Fund and others; 28. PancakeSwap launches perpetual contracts for US stocks; 29. Ethereum's on-chain transaction volume in July reached nearly $240 billion, a four-year high. 30. Caocao Travel explores RWA tokenization and stablecoin payments; 31. DeFi Technologies increased its holdings of BTC, SOL, and CORE in July, now holding 61,000 SOL. 32. Cipher Mining mined 214 BTC in July, increasing its Bitcoin holdings to 1,219.

According to Odaily's OKX market data, ETH has broken through 3700 USDT, currently trading at 3700.62 USDT, a 24-hour increase of 3.58%. (This newsletter was generated with AI assistance.)

Odaily Planet Daily News: Hong Kong asset management company Trivest Advisors disclosed that it holds more than $90 million in shares of BlackRock Bitcoin Spot ETF (IBIT). (Cointelegraph)