Bitpush Weekend Key News Review:
[Cryptocurrency Total Market Cap Returns Above $4 Trillion, ETH Market Cap Breaks $500 Billion]
According to the latest data from Coingecko, with ETH price briefly breaking through $4,200 and driving its market cap back above $500 billion (currently reaching $502,571,832,019), the total cryptocurrency market cap has also once again surpassed $4 trillion, momentarily reaching $4,006,443,176,701.
[Bloomberg: Trump-Related Crypto Enterprise World Liberty Plans to Raise $1.5 Billion, Establish WLFI Treasury]
According to Bloomberg, Trump-related cryptocurrency enterprise World Liberty is negotiating to raise $1.5 billion from investors, which will be used to create a publicly listed company holding WLFI tokens, expected to be tradable.
According to Bloomberg, the transaction structure is still under discussion. The report cited sources saying the company has contacted wealthy investors in the tech and cryptocurrency sectors.
[Arthur Hayes Repurchases ETH for 10.5 Million USDC]
According to Lookonchain monitoring, Arthur Hayes sold 2,373 ETH a week ago at $3,507, worth $8.32 million. Four hours ago, he purchased ETH for 10.5 million USDC.
BitMEX co-founder Arthur Hayes earlier posted on X saying, "Had to buy back all, do you forgive me? Tom Lee (Chairman of the largest ETH treasury company Bitmine). I swear I won't just take profits again."
[Wang Feng: Ethereum's Rise is Not Isolated, Crypto Autumn May Be Launching]
Blu-ray Interactive founder Wang Feng wrote that Bitcoin and Ethereum market sentiment cannot be viewed in isolation. Bitcoin is currently hovering around $120,000 with limited volatility and no major sell-offs. This provides ample space for Ethereum to continue rising after breaking $4,000, predicting it will rise to at least around $5,000. Similarly, Ethereum and the entire crypto market cannot be separated, and crypto autumn is expected to launch, with DeFi, RWA, and star memes entering a takeoff phase.
[Pendle TVL Grows $1.2 Billion in 5 Days, Reaches $8.2 Billion, New Historical High]
Pendle co-founder TN Lee posted on X that 5 days ago, Pendle TVL first broke $7 billion, and today it first broke $8 billion, reaching a new high of $8.2 billion, with Pendle moving towards higher goals.
[2025 Fortune Global Most Influential Business Figures Ranking: Huang Renxun Tops the List]
On August 5th, Fortune magazine announced the 2025 global top 100 most influential business figures ranking, with NVIDIA founder and CEO Huang Renxun topping the list for the first time, replacing last year's top Tesla CEO Elon Musk. Microsoft CEO Satya Nadella, Meta co-founder Mark Zuckerberg, and Musk ranked 2nd to 4th; Google CEO Sundar Pichai, OpenAI's Sam Altman, JPMorgan Chase CEO Jamie Dimon, and GM CEO Mary Barra ranked 6th, 8th, 9th, and 10th respectively.
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