Plain Language Blockchain Morning Report: Bankless co-founder states that ETH is an institutional-grade investment target, opening up vast opportunities in TradFi will reach new heights.

Bankless co-founder: ETH is an institutional-level investment target, opening up the vast world of TradFi to reach new heights;

Willy Woo: Funds are flowing from Bitcoin to Ethereum;

Bitfinex Alpha: In the short term, BTC may maintain a range-bound fluctuation, while ETH leads the market rotation;

Analysis: Altcoins have started to rise, and are currently in the accumulation phase.

The Hong Kong Digital Asset Listed Companies Association was established yesterday, with 49 institutions becoming founding members.

Cumberland reportedly sold approximately 47,000 ETH last night, worth over $210 million;

Incremental funds continue to flow into the crypto ecosystem, with Tether and Circle adding a total of $1.25 billion in newly minted stablecoins yesterday;

The 11 candidates for the Chair of the Federal Reserve will begin interviews on September 1;

Circle has partnered with Mastercard and Finastra to promote stablecoin payment services in Europe and Africa;

The new prediction platform The Clearing, founded by former Polymarket and Kalshi employees, has completed a $15 million financing round led by USV.