Bitpush editor's daily selected Web3 news:
【ETH breaks through $4,600, rising over 9% intraday】
OKX market data shows that ETH has surged nearly $100, breaking through $4,600 per coin, rising over 9% intraday.
【Pantera Capital has invested over $300 million in DAT company, covering eight tokens】
Pantera Capital first disclosed an investment of over $300 million in the Digital Asset Treasury (DAT) company, with its portfolio covering eight tokens including Bitcoin, ETH, Solana, BNB, Toncoin, Hyperliquid, Sui, and Ethena, involving companies from the US, UK, and Israel. Pantera believes that DAT may have higher return potential than direct token holding or ETFs. Recently, Pantera has raised two DAT-specific funds, with total fundraising exceeding $100 million.
【Cathie Wood: ARK maintains Bitcoin price prediction of over $1 million within five years】
According to CoinDesk, ARK Invest CEO Cathie Wood stated that ARK's bullish expectation for Bitcoin still far exceeds $1 million in the next five years. Wood said Bitcoin has become the main entry point for institutions into the digital asset space and is gradually replacing gold as a store of value. She emphasized that ARK has not changed its view on this.
【US national debt total first exceeds $37 trillion】
On August 12 local time, as the US federal government continues to accumulate debt at a record pace, the total US national debt first exceeded $37 trillion. The latest data from the US Treasury Department shows that as of that afternoon, the total US national debt reached $37,004,817,625,842. Maya McGuineas, chair of the Federal Budget Accountability Committee, stated that the US fiscal situation is seriously unbalanced, yet Congress continues to worsen the situation.
【Odin.fun announces suspension of trading, suspected vulnerability】
Bitcoin ecosystem trading platform Odin.fun announced a suspension of trading to verify recent platform withdrawal situations and will update users on subsequent investigation progress.
According to community member feedback, the Odin.fun platform appears to have a vulnerability, with approximately 60 BTC transferred abnormally.
【White House: Trump is considering suing Powell over Federal Reserve building renovation】
White House spokesperson Levitt said on Tuesday that US President Trump is considering suing Federal Reserve Chairman Powell over Powell's management of renovation for the Fed's Washington headquarters. The president had earlier posted on social media about this potential action, intensifying Trump's continued pressure for Powell to lower interest rates.
【Stripe appoints Paradigm co-founder Matt Huang as first CEO of Tempo blockchain】
Stripe has appointed Paradigm co-founder Matt Huang as the first CEO of Tempo blockchain, with Huang retaining his position at Paradigm. It is not yet clear whether Tempo will issue its own token, and the specific launch time of the project has not been disclosed.
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