ETH breaks through the $4900 mark

[Bitunix Analyst: Rate Cuts and Tariff-Inflation Tug-of-War, Short-Term Optimism for ETH] Bitunix analysts point out that the U.S. food industry is seeking tariff exemptions to cope with inflationary pressures, while expectations of a 25-basis-point rate cut by the Federal Reserve in September have boosted market sentiment. Analysts caution that if food prices continue to rise, the room for accommodative policies may be limited. In the crypto market, short-term sentiment for ETH remains optimistic, with support levels at 4,600–4,650 and resistance levels concentrated around 4,850–5,000. Investors should monitor changes in PCE and non-farm payroll data and remain vigilant about the risk of rate-cut benefits being offset by inflation.

Bitget FIL/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 10.38 million US dollars in the past 24 hours, a decrease of 3.82% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Analyst: Bitcoin's Trend May Be Affected by U.S. Economic Data] (XS.com) Analyst Linh Tran stated that Bitcoin's recent performance may be closely tied to U.S. economic data, including preliminary GDP and core inflation figures. If the data indicates an economic slowdown and easing inflation, the Federal Reserve may initiate rate cuts, which would be favorable for Bitcoin's recovery; if the data is strong, investors may maintain a defensive stance, and the short-term correction could continue.

[BNP Paribas Predicts Two Fed Rate Cuts This Year] On August 25, BNP Paribas predicted that the Federal Reserve would cut interest rates by 25 basis points in both September and December. Previously, the bank had forecasted that the Fed would not cut rates before 2025.

According to monitoring by Scam Sniffer, a user lost 97 stETH, approximately $466,000, after signing a phishing "permit" signature. Scam Sniffer reminds users to carefully verify signature requests to avoid operational errors.