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Arthur Hayes: Bitcoin is expected to test $100,000, and Ethereum will test $3,000.

Arthur Hayes stated on social media that due to the impending expiration of the U.S. tariff bill, market expectations will affect economic credit, potentially allowing Bitcoin to test $100,000 and Ethereum to test $3,000. He recently sold a large amount of encryption assets and will be speaking in Tokyo on August 25.
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BTC-0.6%
ETH-2.77%
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A Whale Address transferred 108,000 SOL to CEX in the past 8 hours.

On August 2, according to monitoring by Lookonchain, Whale KMhcqN deposited 108,016 SOL (worth 17.74 million USD) to CEX and CEX in the past 8 hours.
SOL-1.83%
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CEX Alpha will launch Cycle Network on August 4 (CYC)

On August 2, according to official news, CEX Alpha will launch Cycle Network (CYC) on August 4. Eligible users can use CEX Alpha points to receive an Airdrop on the Alpha event page, which can be claimed after trading opens. More details will be announced soon.
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If Bitcoin falls below 112,000 USD, the cumulative long order liquidation intensity of major CEX will reach 1.09 billion.

According to data from August 2, if Bitcoin falls below $112,000, it will lead to a long order liquidation intensity of 1.09 billion on mainstream CEX; if it rises to $116,713, the short order liquidation intensity will reach 2.504 billion. The liquidation chart shows the liquidity response intensity that may be triggered by price fluctuations.
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BTC-0.6%
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The U.S. CFTC announces the launch of an encryption sprint program to align with the SEC's "Project Crypto".

The Commodity Futures Trading Commission (CFTC) announced the launch of the encryption sprint program to advance the regulation and innovation of the digital asset market, aiming to achieve President Trump's goal of making the United States the world's crypto capital. The CFTC will work with the SEC to enhance regulatory transparency and has implemented innovations such as 24/7 trading and perpetual derivations.
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TRUMP0.05%
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A newly created Address increased the position by 16,500 ETH again early this morning, accumulating nearly 80,000 ETH over the past 3 days.

On August 2, according to on-chain analyst Ai Yi (@ai_9684xtpa), the new address 0xdf0...e2EF3 has accumulated 79,461.38 ETH (approximately 299 million USD) over the past three days, with current unrealized losses of 22.056 million USD. This address received an additional 16,495.15 ETH (approximately 58.5 million USD) from Galaxy Digital during the drop early this morning, lowering the average price of its overall Position in ETH to 3,763.53 USD.
ETH-2.77%
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Due to suspicions that the employment data was manipulated, Trump has dismissed the head of the U.S. Labor Department.

On August 2, White House economist Stephen Miran stated that a new perspective is needed on important economic statistics agencies, but did not repeat Trump’s accusations of manipulation of employment data. Trump fired the head of the Labor Statistics Bureau, calling the recent employment data disappointing and questioning its authenticity. The latest employment report shows an increase of 73,000 jobs and a significant revision of previous employment figures.
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Arthur Hayes sold 2,373 ETH and 7.76 million ENA in the past 6 hours.

On August 2, according to Lookonchain monitoring, Arthur Hayes sold 2,373 ETH (8.32 million USD), 7.76 million ENA (4.62 million USD), and 38.86 billion PEPE (414.7 thousand USD) in the past 6 hours.
ETH-2.77%
ENA-6.54%
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Trump: Two nuclear submarines have been deployed to the relevant area due to provocative remarks from the former president of Russia.

On August 2, U.S. President Trump stated in a social media post early this morning: "Based on the extremely provocative remarks made by Dmitry Medvedev, former President of Russia and current Deputy Chairman of the Security Council of the Russian Federation, I have ordered the deployment of two nuclear submarines to the relevant areas to ensure that these foolish and inflammatory remarks are not just words. Words are very important and can often lead to unexpected consequences, and I hope this will not become one of those situations." Subsequently, Trump added this morning at 8 AM Beijing time that the nuclear submarines are now closer to Russia.
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Trump threatened to "replace Powell in an instant," but later stated that it is very likely he will continue to stay in office.

[Trump threatened to "immediately replace Powell," later stating he is very likely to remain] Trump stated in an interview with Newsmax that he would "not hesitate to fire Fed Chairman Powell," but also mentioned that "firing Powell would disrupt the market"; he criticized that "the Fed's interest rate is too high," and stated that Powell is "very likely" to continue to hold the chair position. ( Jin10 )
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"ETH version of Micro Strategy" SharpLink( SBET ) increase the position of 14,900 ETH, and has prepared 55.56 million U for another purchase.

On August 2, data analyst Yu Jin monitored that US stock SharpLink Gaming transferred 53 million USDC to Galaxy Digital in a short period and purchased 14,933 ETH at a price of $3,550. Since June, SharpLink has accumulated a total of 464,000 ETH, currently valued at $1.62 billion, with unrealized gains of $214 million.
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ETH-2.77%
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[Four battles ETH 75% win rate Whale] Increased the position to short 20,000 ETH 3 hours ago, the position value rose to 140 million USD.

On August 2, on-chain data analyst Yu Jin reported that a Whale shorting ETH continued to increase the position by 20,000 ETH, currently with unrealized gains of 7.5 million. This Whale had previously shorted 20,000 ETH at $3,843 on July 28, and currently holds a position worth a total of $140 million.
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ETH-2.77%
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Golden Morning News | Overview of Important Overnight Developments on August 2

Trump once again called for Powell's resignation, claiming that non-farm payroll data has been manipulated. White House economists emphasize the need for a new perspective. Federal Reserve Board of Governors member Cook will resign, and the SEC has initiated an AI working group and is holding a series of meetings. Bostic stated that employment data will not affect Fed decisions.
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Trump once again calls for Powell to resign.

[Trump calls again: Powell should resign] According to CCTV News, U.S. President Trump posted on the social platform "Truth Social," calling for Fed Chairman Powell to resign. In his post, Trump mentioned that former President Biden's appointee to the Federal Reserve Board of Governors, Adriana Kugler, had previously announced her resignation. He stated that Kugler "knows Powell made mistakes regarding the interest rate issue," and he believes Powell should also take responsibility and resign.
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Trump once again calls for Powell to resign.

[Trump Calls Again: Powell Should Resign] According to CCTV News, U.S. President Trump posted on the social platform "Truth Social," calling for Fed Chairman Powell to resign. Trump mentioned in the post that former President Biden's appointee to the Federal Reserve Board of Governors, Adriana Kugler, had previously announced her resignation. He stated that Kugler "knows Powell has made mistakes regarding the interest rate issue," and he believes Powell should also take responsibility and resign.
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Bitcoin fell below $113,000

On August 2, according to CEX market data, Bitcoin fell below $113,000, with a 24-hour decline of 2.68%.
BTC-0.6%
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Trump: I'm glad there are vacancies on the Federal Reserve Board of Governors.

[Trump: Glad that there are vacancies on the Federal Reserve Board of Governors] President Trump: (When talking about the resignation of Fed Governor Quigley) I understand that she disagrees with Powell's views, and I'm glad that there are vacancies on the Federal Reserve Board of Governors.
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The SEC will establish a working group to utilize AI to enhance the overall innovation and efficiency of the agency.

[The SEC will establish a working group to use AI to enhance the overall innovation and efficiency of the agency] The U.S. Securities and Exchange Commission: A special working group will be established to utilize artificial intelligence to improve the overall innovation and efficiency of the agency.
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