Bitcoin Approaching Key Bull Market Support Amid 10% Correction

【】 The current price of ETH is $4849.81, with a 14.50% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 386 million US dollars, with the main liquidation being short orders and ETH liquidation being 162 million US dollars (42.08%). The data is for reference only.

[Putin: A Glimmer of Hope in Russia-U.S. Relations, Looking Forward to Fully Restoring Ties with Washington] Golden Finance reports that on the evening of August 22 local time, Russian President Vladimir Putin met with nuclear physicists and nuclear industry experts in Sarov. Putin stated that Russia will continue to cooperate with Western countries in the nuclear field, supplying fuel and providing services on a scale “almost identical to that before the start of the special military operation.” Speaking about Russia-U.S. relations, Putin said that after U.S. President Trump took office, a glimmer of hope appeared at the end of the tunnel for Russia-U.S. relations. He mentioned that his meeting with Trump in Alaska was very candid, saying, “This is just the beginning of the full restoration of Russia-U.S. relations.” Putin emphasized that the future of Russia-U.S. relations depends on Washington's leadership, and Moscow looks forward to fully restoring ties with Washington.

[The U.S. SEC's Crypto Task Force is conducting a nationwide tour, hosting roundtable discussions and listening to opinions from crypto-related representatives] BlockBeats News, August 23, according to official reports, the U.S. Securities and Exchange Commission (SEC)'s Crypto Task Force is conducting a nationwide tour, hosting a series of roundtable discussions. The Crypto Task Force aims to hear from groups that previously could not travel to Washington to participate in roundtable meetings, as well as voices that may have historically been underrepresented in other policymaking processes. The task force recognizes that any regulatory framework will have far-reaching impacts and therefore seeks to ensure communication and dialogue are as comprehensive as possible. The Crypto Task Force's itinerary is as follows: August 4: Berkeley, California August 19: Boston September 4: Dallas September 15: Chicago September 25: New York City October 2: Los Angeles October 24: Cleveland October 29: Scottsdale, Arizona November 12: New York City December 5: Ann Arbor, Michigan

[U.S. Bank Stock Index May Hit Historic Closing Record] Driven by expectations of a potential rate cut by the Federal Reserve, the U.S. KBW Bank Index surged by 3% at one point, poised to achieve its first historic closing record since January 2022. This marks the end of a more than 900-trading-day slump for the index. The strong performance of bank stocks benefits from solid earnings amid market volatility and dividend increases following successful stress tests. Market expectations for a more lenient regulatory environment may further boost investment banking revenue.

The price of Bitfinex ETH/USD has reached a new high in nearly a year, now trading at $4784.1, up 12.39% in 24 hours, with a turnover of $59.12 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)