4E: ETH market cap surpasses Netflix, Circle plans to sell 10 million shares
ChainCatcher news reports that according to 4E observations, ETH briefly broke through $4600, with a market capitalization of approximately $556 billion, surpassing streaming giant Netflix and ranking 25th in the global asset market capitalization leaderboard. Market analysts believe that Ethereum's continued expansion in DeFi, NFTs, and Layer 2 ecosystems is attracting more institutional and mainstream capital attention.U.S. SEC filings show that stablecoin issuer Circle Internet Group plans to sell 2 million shares, with shareholders including co-founder and CEO Jeremy Allaire collectively selling 8 million shares. Based on Tuesday's closing price of $163.21, the total amount from this stock sale is approximately $1.63 billion. Industry insiders believe this move may provide funding support for Circle's IPO and expansion of global settlement services.On the macro front, Annex Wealth Management Chief Economist Brian Jacobsen stated that if market inflation expectations remain controllable in the coming months, the Federal Reserve is likely to restart interest rate cuts in September. The latest data shows that the U.S. core CPI for July rose to an annual rate of 3.1%, reaching a five-month high, which has intensified market focus on monetary policy direction.In the precious metals market, Trump denied that gold would be taxed, and UBS maintained its mid-term forecast of $3500 per ounce, noting that if geopolitical or economic conditions worsen, gold prices could further rise to $3800.4E reminds investors: The combination of macro policy expectations and hot events in the crypto market may accelerate market sentiment fluctuations in the short term. Investors are advised to pay attention to developments in the Ethereum ecosystem and changes in global liquidity, seize structural opportunities, and manage their positions effectively.