ETH breaks through the $3550 mark

Bitget MAGIC/USDT's perpetual trading volume surged 7 times within 10 minutes, with a turnover of $14 million in the past 24 hours, an increase of 13.02% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

On August 4th, according to The Block, Vincent Liu, Chief Investment Officer of Kronos Research, stated that the current market is showing a "cautiously optimistic" sentiment amidst macroeconomic uncertainty and institutional buying. The Fear and Greed Index is trending towards' greed ', with whale buying and expectations of interest rate cuts driving traders to reallocate risk assets. Investors are paying attention to the US July CPI data, which will be released on August 12th, as a key indicator for the next round of interest rate hike or cut decisions. Although the Federal Reserve kept interest rates unchanged at the July FOMC meeting and Powell stated that the September rate cut still depends on economic data, CME Federal Reserve observation data shows that there is a more than 80% probability that market expectations will be lowered by 0.25 percentage points. In addition, Liu believes that the "Project Crypto" launched by the US SEC may benefit the market in the medium to long term. This project will reduce regulatory uncertainty, promote DeFi growth, and enhance market confidence by clarifying token classification and introducing DeFi innovation exemption mechanisms.

According to a report by Golden Finance, Citigroup has raised its gold price forecast for the next three months from $3300 per ounce to $3500 per ounce, and its expected trading range from $3100-3500 to $3300-3600 per ounce, as it believes that the outlook for US economic growth and inflation has deteriorated in the near future. The bank said: "US economic growth and tariff related inflation concerns will continue to intensify in the second half of 2025. Together with the weakening of the US dollar, the gold price will moderately rise to a record high." Citi also stressed that the US employment data will weaken in the second quarter of 2025, and the institutional credibility of the United States Federal Reserve and US statistics will be more worried, as well as geopolitical risks related to the Russia-Ukraine conflict will increase. Citigroup estimates that the total demand for gold has increased by over one-third since mid-2022. (Golden Ten)

According to a Genians article cited by 23pds, Chief Information Security Officer of SlowMist, the North Korean hacker group APT37 has hidden malicious software in JPEG image files to launch attacks. The malware uses a two-stage encrypted shellcode injection method to hinder analysis, where attackers exploit shortcut files with a. lnk extension and embed CMD or PowerShell commands to execute the attack. Efficient EDR monitoring optimized for detecting abnormal endpoint behavior is now crucial.

According to Golden Finance, global fintech company Revolut has been waiting for over three years to apply for a full banking license in the UK, and is currently embroiled in a public dispute between UK Chancellor of the Exchequer Rachel Reeves and Bank of England Governor Andrew Bailey. The controversy stems from Reeves' attempt to expedite the approval process by arranging a meeting between Revolut and the regulatory authorities of the Bank of England, but was blocked by Bailey on the grounds of interfering with the central bank's independent supervision. This incident has raised concerns about the development prospects of the UK fintech industry, especially in the context of Revolut's consideration of going public in the US, which may affect the UK's position as a global fintech hub.