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According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $102 million. The Ethereum spot ETF with the highest net inflow in a single day is the Blackrock ETF ETHA, with a single-day net inflow of $83.7915 million, and the historical total net inflow of ETHA has reached $12.737 billion. The second is the Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $42.6441 million, and the historical total net inflow of ETHB has reached $694 million.The Ethereum spot ETF with the highest net outflow in a single day is the Fidelity ETF FETH, with a single-day net outflow of $24.2573 million, and the historical total net inflow of FETH has reached $2.272 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.233 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.2%, with a historical cumulative net inflow of $12.975 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the total net outflow of Bitcoin spot ETFs was $202 million. The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $9.3385 million. Currently, the historical total net inflow of MSBT has reached $490 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Ark Invest and 21Shares ETF ARKB, with a net outflow of $115 million. Currently, the historical total net inflow of ARKB has reached $1.319 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.593 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.28%. The historical cumulative net inflow has reached $54.631 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the total net inflow of XRP spot ETFs was $26.1964 million.The XRP spot ETF with the highest net inflow yesterday was Bitwise XRP ETF (XRP), with a net inflow of $15.3981 million, bringing its historical total net inflow to $603 million.Next was Canary XRP ETF (XRPC), with a net inflow of $5.1198 million, bringing its historical total net inflow to $483 million.As of the time of publication, the total net asset value of XRP spot ETFs was $1.439 billion, with an XRP net asset ratio of 1.66%, and the historical cumulative net inflow has reached $1.663 billion.

According to SoSoValue data, yesterday (Eastern Time August 28) the total net inflow of the SOL spot ETF was $18.0813 million.The SOL spot ETF with the highest net inflow yesterday was the Bitwise Solana Staking ETF (BSOL), with a net inflow of $11.1966 million for the day, bringing its historical total net inflow to $1.022 billion.Next was the Grayscale Solana Trust (GSOL), with a net inflow of $3.5268 million for the day, bringing its historical total net inflow to $131 million.As of the time of writing, the total net asset value of the SOL spot ETFs is $1.426 billion, with a SOL net asset ratio of 2.35%, and the historical cumulative net inflow has reached $1.340 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the HYPE spot ETF had a total net inflow of $4.4799 million in a single day. Yesterday, only the Bitwise Hyperliquid ETF (BHYP) had a net inflow, with a single-day net inflow of $4.4799 million, and the historical total net inflow has reached $154 million.As of the time of writing, the total net asset value of the HYPE spot ETF is $439 million, with a HYPE net asset ratio of 2.47%, and the historical cumulative net inflow has reached $344 million.

According to Cointelegraph, Bitcoin failed to effectively break through the $80,000 mark, with BTC/USD dropping to $78,442 on the Bitstamp platform, a decline of about 1% for the day, after Federal Reserve Chairman Kevin Walsh delivered a cautiously toned speech in Jackson Hole. In his speech, Walsh reaffirmed the Fed's commitment to the 2% inflation target and downplayed the significance of the recent decline in CPI and PCE data.Walsh stated that although these broad inflation indicators have significantly retreated from their highs a few years ago, the progress over the past two years has been relatively modest. The better-than-expected PCE and CPI readings this summer do not indicate that the underlying trend has materially improved. He also noted that the forward guidance, a conventional practice introduced during the financial crisis, "is now outdated" and will not return in the future. U.S. stocks were not weighed down by his remarks, with the S&P 500 and Nasdaq indices both rising by about 0.5%.On-chain data shows that there is a dense resistance zone between the current spot price and $86,000, which suppresses upward momentum. QCP Capital analysis pointed out that even if the price breaks through, the derivatives market needs to support it by controlling funding rates and the growth rate of open interest. The key is whether the subsequent market movement is driven by spot participation or leveraged positions. As of the time of writing, BTC/USD has risen 26.35% this month, marking the best August performance since 2017.

Federal Reserve Chairman Waller stated on Friday that if policymakers cannot be confident that inflation is "declining at a clear and sufficiently rapid pace" back to 2%, the Fed "has work to do." This suggests that if price pressures do not improve, the Fed may raise interest rates next.Waller made it clear that he still adheres to the Fed's long-standing policy path of managing inflation through interest rate adjustments. This significantly increases the likelihood of the Fed's next step being a rate hike, which could create a divergence between him and President Trump, who has long sought rate cuts. This statement essentially eliminated the ambiguity that had been left previously. At the press conference at the end of July, Waller declined to respond extensively to whether a rate hike was needed to address the inflation issue, which has significantly risen this year and has been above the Fed's target for more than five consecutive years.

The US spot Ethereum ETF recorded a net inflow of $225.8 million on Thursday, marking the strongest single-day performance in 10 months and extending the streak of consecutive net inflows to 9 trading days. Data from Farside Investors shows that since August 17, a total of $1.42 billion has flowed in over 9 trading days, with BlackRock's ETHA fund contributing $1.02 billion, accounting for 72% of the total inflows in this category, and there has not been a single day of net selling during this period.Fidelity's FETH became the second largest inflow source with $56 million, while BlackRock's staked Ethereum product ETHB added $20.7 million on the same day. The gap between Ethereum ETFs and Bitcoin ETFs has narrowed to nearly even, with Bitcoin ETFs seeing inflows of $242.3 million on Thursday, just $16.5 million more than Ethereum. Ethereum was priced at approximately $2,477 on Friday, down 0.5% in 24 hours, with a weekly increase of about 5%.Max Shannon, Senior Research Assistant at Bitwise Europe, stated that the funds primarily came from outside the crypto space, with inflows of $713.6 million this week, possibly driven by an increase in risk appetite in traditional markets. He also pointed out that Ethereum's spot trading volume has fallen back to the 16th percentile year-on-year, and if the market is to maintain its upward momentum, spot trading volume needs to recover.

Federal Reserve Chairman Waller warned that inflation has not shown meaningful signs of slowing down and stated that policymakers must be confident that inflation is moving in the right direction; otherwise, the central bank "has work to do." Waller reiterated that the Federal Reserve will bring the inflation rate back to the 2% target. He stated that this is a clear and fixed goal.Waller said, "My standard is that we must be confident that underlying inflation is moving toward our target, and the pace must be clear enough and fast enough. Otherwise, we have work to do. That is our responsibility."Waller also stated that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Federal Reserve to fulfill its responsibilities.

DWF Ventures released a report stating that as trading fees continue to approach zero, social trading is becoming a new direction for financial trading platforms to compete for users and build moats.The rise of social trading stems from users seeking validation from others and references for investment decisions. From early brokerage copy trading to investment communities like Reddit and Stocktwits, and now to platforms that combine real position verification, trading signals, and social relationships, social trading is evolving from a simple copy trading tool into a product form that integrates trading, content, and social interaction. As trade execution becomes increasingly homogenized, the future competitive advantage of platforms may come more from network effects, resources of well-known traders, and exclusive information and distribution capabilities.Analysis suggests that social trading platforms are forming a clear growth flywheel: platforms attract well-known traders and their fans, traders build reputations through public trading, fans amplify market influence by following trades, which in turn increases the visibility of traders and the user base of the platform. Public calls for trades may even generate a certain "self-fulfilling" effect in this process.Platforms also lower the entry barriers for users through one-click trading, low-threshold acceptance, trading competitions, and fee incentives, and leverage the social influence of top traders to facilitate user migration. In the future, the social trading ecosystem in the cryptocurrency and traditional stock sectors may further integrate, and platforms that master trader, user attention, and information flow are expected to form stronger network effects.However, social trading also faces significant structural risks. Data shows that among approximately 292,000 wallets analyzed by the Fomo platform over the past three months, only 6.16% achieved profitability based on realized gains. Followers lack independent investment logic and are easily influenced by herd behavior, while there may also be conflicts of interest between traders and followers.Furthermore, even if platforms can verify public positions, traders may still establish undisclosed positions through other wallets, making information asymmetry difficult to eliminate completely. Analysis suggests that as the boundaries between trading and entertainment continue to blur, platforms that can establish unique information layers, gather quality traders, and form network effects may gain an advantage in the competitive social trading market.

Silicon Valley's renowned venture capital firm a16z has announced that it has raised $1.1 billion for its latest fund, the Machine Age Fund, which will focus on investing in the full suite of computing infrastructure that supports AI operations, including chips, memory, networking, storage, as well as complete systems such as data centers, robots, and home AI devices.a16z stated that over the past year, there has been a significant turning point in the growth of AI in terms of application capabilities and types of work. As AI expands from chat and reasoning further into programming and other knowledge work, the demand for computing power and tokens is experiencing exponential growth, and machine intelligence is accelerating its deep development.a16z indicated that its team possesses extensive experience in hardware, data centers, chips, networking, and large-scale computing systems. They have also established a resource network covering market expansion, talent recruitment, marketing, customers, suppliers, and American manufacturing, which will further support the next generation of AI hardware entrepreneurs. a16z mentioned that we are currently at an important juncture in the transformation of computing paradigms and look forward to collaborating with entrepreneurs dedicated to reconstructing AI hardware and advancing the arrival of the "Machine Age."

According to Decrypt, the financial investigation department of the police in Avon and Somerset, UK, has seized 20.21 bitcoins along with other crypto assets and bank account funds, totaling approximately $1.4 million (£1.03 million). Investigators traced the assets to dark web markets that operated between 2016 and 2019, all of which have now been shut down by law enforcement and were involved in criminal activities such as drug supply and human trafficking.This is the largest cryptocurrency seizure operation by the police since the introduction of the cryptocurrency wallet freezing order in the UK in April 2024. This power allows the police to freeze and seize cryptocurrencies without prior arrests, transferring them to wallets controlled by law enforcement, and seizing written passwords or storage devices. The individuals involved had previous money laundering convictions and are now deceased.The police pointed out that every transaction processed by these markets is permanently recorded on the blockchain, serving as a valuable source of evidence. The assets were seized earlier this year under the Proceeds of Crime Act, with the court determining that they represented proceeds from illegal activities, and the recovered funds will be used for community and policing projects.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of Bitcoin spot ETFs was $242 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF IBIT, with a single-day net inflow of $278 million, bringing the historical total net inflow of IBIT to $63.398 billion.Next was the Ark Invest and 21Shares ETF ARKB, with a single-day net inflow of $29.748 million, and the historical total net inflow of ARKB currently stands at $1.434 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was the Fidelity ETF FBTC, with a single-day net outflow of $83.628 million, and the historical total net inflow of FBTC currently stands at $10.238 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $100.927 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.28%, and the historical cumulative net inflow has reached $54.832 billion.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of Ethereum spot ETFs was $235 million. The Ethereum spot ETF with the highest net inflow yesterday was Blackrock ETF ETHA, with a net inflow of $130 million. Currently, the historical total net inflow of ETHA has reached $12.653 billion.Following that is Fidelity ETF FETH, with a net inflow of $56.2337 million yesterday. Currently, the historical total net inflow of FETH has reached $2.296 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.569 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.14%. The historical cumulative net inflow has reached $12.872 billion.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:POKEMON (EhCz....ump): Net inflow of $6,000, with a 24-hour increase of 5595.8%, currently priced at $0.0002.QUALITY (FqEy....ump): Net inflow of $4,000, with a 24-hour increase of 6982%, currently priced at $0.0002.KURO (5Cwp....ump): Net inflow of $2,000, with a 24-hour increase of 5237.4%, currently priced at $0.0002.moonkey (BRZ5....ump): Net inflow of $2,000, with a 24-hour increase of 12718.1%, currently priced at $0.0004.VI (35zA....ump): Net inflow of $1,000, with a 24-hour increase of 1660.9%, currently priced at $0.0001.

Analysis of the AI semiconductor and infrastructure cycle indicates that the demand for AI infrastructure will continue to exceed that of the internet era, as user penetration and per capita token are multiplied and converted into tokens, significantly raising the ceiling. User penetration has surpassed 50%, with growth primarily coming from the still-early per capita token; the median monthly AI spending per employee in U.S. companies is about $12, which could long-term approach around 10% of white-collar salaries, approximately $1,000 per month, leaving nearly two orders of magnitude of space in between. Unlike the flat subscriptions and extremely low marginal hardware consumption of the internet, the high costs of inference make the marginal cost of a single access higher, requiring greater infrastructure intensity.After developers program, the next ARR growth will still mainly come from broad programming: non-programmers use programming infrastructure to complete non-programming tasks across industries, with programming becoming the default execution kernel for agents. Tasks related to broad programming account for about 60% to 70% of ARR. As of June 2026, Codex accounted for 64% of the total output tokens from Codex and ChatGPT among OpenAI's enterprise clients; since February, Codex has seen a much higher weekly growth in verticals such as law, sales recruitment, and marketing compared to engineering. In Anthropic's revenue, narrow development/software accounts for about 40%, while finance and insurance exceed 20%, with law, life sciences, retail, and others also having considerable shares.The demand-side token growth logic remains, with a high overlap between funders and beneficiaries.