ETH breaks through the $4400 mark

[TD Securities: U.S. CPI Data May Become a Key Driver for EUR/USD Movement] TD Securities strategists pointed out that the upcoming U.S. CPI inflation data is expected to have a more significant impact on the EUR/USD pair's movement than the European Central Bank's interest rate decision. The market generally anticipates that the European Central Bank will keep the deposit rate unchanged at 2.0% and may emphasize that uncertainty has eased following the trade agreement between the U.S. and Europe. However, future policy will still be assessed on a data-dependent basis. The strategists further stated that U.S. CPI data could become the primary driver in the foreign exchange market and remain cautious about the possibility of the dollar strengthening due to robust economic data and signs of inflation transmission.

[South Korea to Lift Restrictions Allowing Cryptocurrency Companies to Obtain Venture Business Status Starting September 16] According to a report by Cointelegraph, South Korea will lift restrictions starting September 16, allowing cryptocurrency companies to obtain venture business status, enabling them to enjoy tax benefits and financing support.

[Trend Research-related addresses transfer 80 million USDT and withdraw 9,377 ETH] On-chain data shows that two new addresses related to Trend Research borrowed 80 million USDT from Aave and transferred it to Binance, subsequently withdrawing 9,377 ETH, valued at approximately $41.37 million. A week ago, these addresses had withdrawn 34,000 ETH from Binance and deposited it into Aave. Currently, these two addresses collectively hold 43,377 ETH, valued at approximately $192 million.

[Guangzhou Court Declares Overseas Virtual Currency 'Mining Machine' Sales Contract Invalid] According to Guangzhou Daily, the Guangzhou Intermediate People's Court ruled a sales contract involving a Chinese citizen operating overseas virtual currency 'mining machines' as invalid. In the case, both parties agreed to transport the 'mining machines' to Mongolia for Bitcoin mining. However, the court determined that this activity involves financial security and ecological concerns, constitutes illegal financial activities, disrupts China's financial order, and is subject to Chinese law, thereby declaring the contract invalid. The judgment emphasized that Chinese citizens involved in overseas virtual currency transactions are still bound by Chinese law.

[Paul Chan: Hong Kong Stablecoins Emphasize Protecting Investor and Financial System Stability] According to a report by Aastocks via Golden Finance, Hong Kong Financial Secretary Paul Chan stated at the Belt and Road Summit that artificial intelligence is a key driver of digital innovation. Hong Kong has identified AI development as a policy priority and is accelerating efforts in building related data, capital, and talent infrastructure. Paul Chan also pointed out that Hong Kong has introduced a licensing regime for virtual asset exchanges and stablecoins, emphasizing a prudent and risk-based approach to safeguard the stability of investors and the financial system.