According to Odaily Planet Daily, BitMine Chairman Tom Lee posted on the X platform that, in conversations with institutional investors, most expected Federal Reserve Chairman Powell to maintain a hawkish stance at the Jackson Hole annual meeting to avoid being forced to cut interest rates prematurely. However, since the market has already adopted a hawkish stance as the baseline expectation, his statement is more likely to be interpreted as dovish, driving a rebound in US stocks after Friday's speech.

According to Odaily's OKX market data, ETH has fallen below 4200 USDT, currently trading at 4198.87 USDT, a 24-hour drop of 2.59%. (This newsletter was generated with AI assistance.)

Decentralized trading protocol Valantis has announced the acquisition of StakedHYPE, the second-largest liquid staking platform on the Hyperliquid blockchain, for an undisclosed sum. StakedHYPE's operations and development will be transferred to Valantis Labs, with its founder, Addison Spiegel, joining Valantis as an advisor. StakedHYPE, with a total value locked (TVL) exceeding $200 million, is second only to Kinetiq and is a vital component of the Hyperliquid ecosystem. Valantis previously launched dedicated trading platforms for stHYPE and kHYPE, which currently have a combined TVL of approximately $70 million and a cumulative trading volume exceeding $500 million.

According to TradingView data, after the opening of the U.S. stock market, crypto concept stocks collectively turned downward, including: ETH Treasury BTCS fell 9.2%, ETHZ fell 8.4%, SBET fell 5.4%, and BMNR fell 5.7%; WLFI Treasury ALT 5 fell 1.9%; Bullish fell 6.8%.

According to Odaily Planet Daily, Thumzup, a social media company backed by the Trump family, announced it will acquire Dogehash Technologies, an industrial-grade blockchain mining company specializing in Dogecoin and Litecoin mining, in an all-stock transaction. This acquisition is part of its strategic move into the cryptocurrency mining industry. Dogehash currently operates 2,500 Scrypt ASIC mining machines in North America, primarily powered by renewable energy, and plans to further expand its mining fleet. Thumzup raised $50 million through a common stock offering in July to purchase assets such as BTC, ETH, DOGE, LTC and XRP, while also supporting the development of its cryptocurrency mining business. Under the agreement, Dogehash shareholders will exchange all of their shares for 30.7 million Thumzup shares. The combined company will be renamed "Dogehash Technologies Holdings, Inc." and trade on the Nasdaq under the new symbol "XDOG." The transaction is expected to close before the end of the year. Thumzup said the combined company will become the world's leading Dogecoin mining platform, while also increasing miner returns and amplifying benefits beyond block rewards by staking Dogecoin's Layer-2 infrastructure through DeFi products within the DogeOS ecosystem. (The Block)

According to the monitoring of on-chain analyst Aunt Ai, the address starting with 2 DNb 2 spent 4,207.9 SOL (about 767,000 US dollars) 18 minutes ago to buy 27.7 million YZY (Kanye West concept meme code) in a single transaction. The K-line pointed upward, and the cost reached 0.02767 US dollars per coin. The current floating loss is about 231,000 US dollars.