According to Mars Finance, on August 10, market data shows that ETH broke through 4300 USD, currently reported at 4314.99 USD, with a 24-hour rise of 2.28%, setting a new high since January 2022.

According to Mars Finance news, data from Coinglass shows that if ETH falls below $4,051, the cumulative clearing intensity of long orders on mainstream CEX will reach $3.413 billion. Conversely, if ETH breaks above $4,473, the cumulative clearing intensity of short orders on mainstream CEX will reach $1.131 billion.

According to Mars Finance, The Block reported that as Ripple reached a settlement and withdrew its appeal with the US SEC, the market is following the possibility of an XRP ETF. Although analyst Nate Geraci believes that BlackRock iShares should expand its encryption ETF product line, the company made it clear to The Block on Friday that "there are currently no plans to submit an XRP or SOL ETF."

The new "Investment Bank Law" passed in El Salvador allows licensed investment banks to hold Bitcoin and other digital assets and provide encryption services, aiming to attract foreign investment and consolidate its position in financial innovation. However, there are criticisms that the policy mainly benefits institutional investors.

California resident Abraham Park was sentenced to nearly four years in prison for participating in an SBA economic injury disaster loan fraud scheme. Between 2020 and 2022, he submitted 120 fraudulent loan applications totaling $12 million, ultimately stealing nearly $7 million.

According to Mars Finance, data from August 9 shows that the net inflow into the U.S. Bitcoin spot market reached $253.2 million this week. BlackRock's IBIT had the most significant inflow, while Fidelity and Bitwise experienced outflows.

According to Mars Finance news, Solayer will hold a joint event with WCT to reward active users in the ecosystem. The top 100 consumers of the Emerald Card and the top 100 holders of sUSD, sSOL, and LAYER will receive a distribution of 50,000 WCT tokens. Eligibility will be determined through a Snapshot on August 18.

Ethereum price breaks through $4000, approximately $105 million in short positions were liquidated. Eric Trump, son of Trump, expressed delight and suggested stopping shorting BTC and ETH. Market analysis indicates that if it breaks through $4100, it could trigger a larger scale short squeeze.

According to Mars Finance, the former Minister of Justice of Montenegro proposed the issuance of 500 million euros in bonds to establish a national Bitcoin strategic reserve.

According to a report from Mars Finance on August 9, Farside Investors monitored a net inflow of $132 million for FETH and a net inflow of $30.5 million for FBTC yesterday.

According to Mars Finance, on August 9, monitoring by Onchian Lens revealed that a whale address for futures trading starting with 0xcB9 has reduced its ETH (25 times) short positions and confirmed a loss of 15.81 million USD. This address had previously made a profit of 20 million USD, and currently, there is still an unrealized loss of 3.3 million USD.