1. U.S. Government Publishes GDP Data on Blockchain for the First Time, Covering Nine Major Platforms
The U.S. government has begun publishing Gross Domestic Product (GDP) data on public blockchains, initially covering nine blockchain platforms including Bitcoin, Ethereum, and Solana. This move aims to provide a new channel for economic data releases but will not replace existing methods. According to officials from the Department of Commerce, the encrypted hash values of this data will be recorded on the blockchain, with plans to expand coverage in the future. Secretary of Commerce Howard Lutnick is the main proponent of this initiative; he previously expressed a desire to adjust the way GDP reports are compiled to exclude the impact of government spending on the data. The data is published by the Bureau of Economic Analysis, and this blockchain initiative is unrelated to the recent dismissal of the Bureau of Labor Statistics director. This move is seen as further support from the U.S. government for cryptocurrency and blockchain technology. -Original
2. Guotai Junan International Launches Cryptocurrency Trading Service, Supports Multiple Coins
Guotai Junan International has announced the launch of its cryptocurrency trading service, allowing retail investors to trade at least five cryptocurrencies including Bitcoin and Ethereum. Professional investors can also trade Ripple, Tether, and other stablecoins. In June this year, the company was approved to upgrade its securities trading license to provide virtual asset trading services. -Original
3. U.S., Japan, and South Korea Issue Joint Statement on North Korean IT Worker Threats, Involving Blockchain Activity Risks
On August 28, the U.S., Japan, and South Korea issued a joint statement regarding North Korean IT workers, stating that the three countries will continue to unite and jointly address the threats posed by North Korean IT personnel. North Korea continues to send IT workers around the world to profit, using the funds to finance illegal weapons of mass destruction and ballistic missile programs in violation of United Nations Security Council resolutions. The three countries expressed serious concern over the increasingly malicious activities of North Korean IT workers. These workers use various means, disguising themselves as non-North Korean IT professionals, using fake identities and addresses for deception, including the use of artificial intelligence tools and collusion with foreign accomplices. They leverage the existing demand for advanced IT skills to secure freelance contracts from an expanding global client base, including North America, Europe, and East Asia. North Korean IT workers are also highly likely to be involved in malicious cyber activities, especially in the blockchain industry. Hiring, supporting, or outsourcing work to North Korean IT personnel is increasingly risky, including the theft of intellectual property, data, and funds, as well as reputational damage and various legal consequences. -Original
4. U.S. CFTC to Issue Guidance Clarifying Foreign Trading Platform Registration Rules
On August 29, the U.S. CFTC plans to issue guidance clarifying the registration rules for Foreign Boards of Trade (FBOT), providing a legal pathway for non-U.S. platforms to serve U.S. users. Acting Chair Caroline D. Pham stated that this move will help bring crypto activities "back to the U.S." and provide American traders with greater global liquidity. This is seen as an important step toward regulatory clarity for the crypto industry. -Original
5. Trump Threatens Tariffs on Countries Imposing Digital Taxes, Meta CEO Previously Met with Him
Trump recently threatened to impose significant tariffs on countries that levy digital taxes. It is reported that Meta CEO Mark Zuckerberg met privately with Trump last week to discuss the issue of digital services taxes. Meta confirmed that the meeting covered the company's investments in the U.S. and its leadership in technology. The White House has not responded to this matter. -Original
6. Bitcoin Protocol Portal Secures $50 Million Funding to Advance Non-Custodial Token Swaps
The Bitcoin-first protocol Portal to Bitcoin has secured a new $50 million funding round led by Paloma Investments, bringing the project's total funding to $92 million. The funds will be used to support the expansion of the company's adapter, BitScaler. BitScaler enables scaling of native Bitcoin without using wrapped tokens, custodial bridges, or "messaging or other insecure alternatives." Portal plans to use the new funds to expand its grant program and attract institutional and community liquidity providers. The company is also piloting integrations with wallets and custodial platforms to showcase non-custodial token swaps. -Original
7. UN Secretary-General Guterres Reaffirms Support for Russia-Ukraine Ceasefire, Emphasizes Diplomatic Efforts
On the 28th, UN Secretary-General Guterres' spokesperson Dujarric said that Guterres spoke with Ukrainian President Zelensky that day, reaffirming the UN's principled position in support of a comprehensive, immediate, and unconditional ceasefire between Russia and Ukraine. At a press conference that day, Dujarric stated that Guterres and Zelensky discussed recent diplomatic efforts to end the Russia-Ukraine conflict. Guterres emphasized the importance of maintaining diplomatic momentum and reiterated the UN's principled position in support of a comprehensive, immediate, and unconditional ceasefire, considering it the first step toward a just, comprehensive, and sustainable peace in Ukraine in accordance with the UN Charter, international law, and relevant UN resolutions. -Original
8. Significant Inflows to ETH On-Chain, Institutions Show Large-Scale Buying Again
The digital currency market remains volatile, with Ethereum (ETH) once again in the spotlight as intense competition between multiple technical factors and market sentiment drives price fluctuations. On August 28, 2025, Ethereum experienced a significant drop, falling below $4,500 with an intraday decline of over 3%. This drop occurred against the backdrop of a broader correction in the global cryptocurrency market, with investor sentiment turning cautious. Despite short-term pressure, the market shows that Ethereum has successfully broken through its downtrend line, reigniting bullish hopes for a future rally to $6,000 or even $10,000. [Today's Market Performance: Ethereum in Decline] —As of August 28, 2025, Ethereum was trading at approximately $4,543.81, with a market capitalization of around $547.7 billions. Despite a 1.24% price drop in 24 hours, it still posted a 7.61% weekly gain and an impressive 19.88% monthly increase. —Ethereum's price movement is not an isolated event. On the same day, Bitcoin briefly fell below $111,000 but quickly rebounded to around $111,600. This correlation once again confirms the high interconnectedness of the cryptocurrency market. —The recent lack of significant positive news, combined with macroeconomic factors, has put pressure on the prices of mainstream cryptocurrencies like Ethereum. In an environment of uncertainty, investors tend to act cautiously and reduce exposure to high-risk assets. [Technical Analysis: Key Levels and Bull-Bear Struggle] —From a technical analysis perspective, Ethereum is currently at a critical crossroads. The order book shows clear sideways consolidation, with neither technicals nor external factors providing a clear trend direction. —Bullish moving average alignment and engulfing patterns signal a bullish outlook, but extremely low trading volume creates a price-volume divergence, suggesting that the current upward momentum may not be healthy. The price is near the middle Bollinger Band, and the RSI indicates balanced market sentiment. —In terms of key support and resistance, the $4,500–$4,525 range forms immediate support, while resistance is seen in the $4,750–$4,800 area. Only by breaking above the B pivot resistance at $4,582 and holding can ETH gain short-term rebound momentum. [Market Dynamics: Whale Accumulation and Capital Flows] —On-chain data shows a notable resurgence of institutional interest. On August 27, Ethereum recorded a net inflow of over $93 million, reversing the outflow trend seen throughout the summer. —Exchange balances also show a macro trend of ETH leaving centralized platforms—typically a precursor to long-term accumulation. —Most notably, whale tracking data shows Bitmine spent a massive $427 million in a single day to buy ETH, marking one of the largest accumulation events of the year. —Such large-scale buying "often signals a rapid price surge, as whales are positioning ahead of anticipated demand." This divergence from Bitcoin is especially pronounced—BTC continues to face outflows related to ETF activity. Institutional capital appears to be shifting in favor of Ethereum, potentially laying the groundwork for relative strength in the coming months. [Outlook: A Future Shaped by Multiple Factors] —Ethereum's short-term trajectory depends on whether bulls can reclaim and hold the $4,800 level. A strong breakout could push ETH to $5,200 or even $6,000, while failure could see a pullback to $4,400 support. —According to Polymarket prediction market data, the probability of ETH reaching $5,000 by year-end is currently 76%, but confidence in a $10,000 target is clearly lacking. —Fundamental factors also support Ethereum's long-term value. Validator rewards are attracting institutional capital, keeping staking volumes robust. Meanwhile, Layer2 ecosystems such as Arbitrum, Optimism, and zkSync have seen significant growth in transaction volumes, boosting overall network activity. —The continued rise in total value locked (TVL) on Layer2 solutions means scaling solutions are becoming a key part of the long-term Ethereum narrative. These infrastructure improvements provide a solid foundation for the network's long-term value. [Investment Strategy: Risks and Opportunities Coexist] —In the current market environment, a cautiously optimistic strategy is recommended. Investors may consider going long near $4,410, with a stop at $4,360 and targets at $4,520–$4,550; a breakout could see $4,580–$4,600. —Another strategy suggests going long at $4,550, adding at $4,500, taking profit at 30 points, and targeting $4,650; short at $4,700, adding at $4,750, stop at 30 points, targeting $4,550. —Importantly, investors should be aware of the high volatility of the cryptocurrency market. The most daunting aspect of the market is not the lack of opportunities, but the lack of direction. —"With enough effort, an iron pestle can be ground into a needle! In the new century, as long as you work hard, who says you can't have both the fish and the bear's paw!" Multiple analysts emphasize the importance of risk management and a long-term perspective in crypto investing. —Large-scale whale accumulation and increased Layer2 activity provide strong fundamental support for Ethereum. Technically, as long as Ethereum holds channel support and effectively breaks above $4,800, the $6,000 target is entirely reasonable.
