金色财经推出加密货币和区块链行业早报《金色早8点》2794期，为您提供最新、最快的数字货币和区块链行业新闻。

According to Foresight News, Ethereum has fallen below the 4700 USDT mark, currently trading at 4704.58 USDT. The cryptocurrency has experienced a daily decrease of 2.74%.

On Aug 23, 2025, 02:33 AM(UTC). According to Binance Market Data, Ethereum has dropped below 4,700 USDT and is now trading at 4,690.660156 USDT, with a narrowed narrowed 9.10% increase in 24 hours.

On Aug 23, 2025, 02:32 AM(UTC). According to Binance Market Data, BNB has dropped below 880 USDT and is now trading at 879.049988 USDT, with a narrowed narrowed 3.29% increase in 24 hours.

On Aug 23, 2025, 02:27 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 116,000 USDT and is now trading at 115,979.992188 USDT, with a narrowed narrowed 2.21% increase in 24 hours.

According to BlockBeats, Onchain Lens monitoring has revealed that two whale addresses received nearly 7,000 ETH from Galaxy Digital approximately four hours ago. A newly created address starting with 0xa7a received 4,812 ETH, valued at $23 million. Another whale address beginning with 0xDda received 2,000 ETH, worth $9.63 million.

According to BlockBeats, Pendle co-founder TN Lee announced that the Total Value Locked (TVL) in Pendle has exceeded $10 billion, marking a new historical high. Lee attributed the rapid and robust growth of the protocol, which has evolved from a niche experiment to a cornerstone of decentralized finance (DeFi), primarily to the community's support. He emphasized that reaching $10 billion in TVL is not the end of Pendle's growth journey, expressing confidence in the protocol's potential to achieve even greater milestones.

According to BlockBeats, Ondo Finance has announced plans to introduce tokenized stocks on September 3. This development marks a significant step in the integration of traditional financial assets with blockchain technology, offering investors new opportunities for diversification and access to global markets.

According to BlockBeats, Ledn co-founder and CEO Adam Reeds has observed a significant shift in the market dynamics affecting digital asset treasury companies. Reeds noted that while these companies were once seen as revolutionary in the industry, their ability to achieve triple returns is diminishing. Over the past five years, MicroStrategy's value increased 24 times, compared to Bitcoin's tenfold rise, making such exceptional gains increasingly rare. Reeds highlighted that recent trends over the past week indicate a cooling off in the crypto treasury craze, primarily modeled after Strategy. The total market capitalization of DAT companies has fallen below $150 billion, with the cumulative market value of Bitcoin treasuries dropping from $165 billion a month ago to $134 billion, despite Bitcoin's relatively stable price. Additionally, Strategy's stock price has decreased from a high of $455 in July to $359 this past Friday, and Japan-listed Metaplanet's stock has seen a monthly decline of over 30%. Reeds emphasized that the real decline is in the ability to create a unique value proposition. Many DAT company CEOs claim their sole objective is to increase the per-share holding of cryptocurrencies, but it remains uncertain whether they possess unique management teams or exceptional capital operation capabilities.

Ledn CEO Adam Reeds warns Bitcoin treasury firms may see fewer big returns. source: https://www.cryptopolitan.com/ledn-ceo-says-btc-treasury-boom-is-fading/

Major asset managers update XRP ETF filings following SEC feedback, signaling strong institutional interest. source: https://coincu.com/356796-grayscale-xrp-etf-sec-filings

稳定币竞争已从发行转向分发，美联储点名「稳定币、智能合约、AI」是支付创新三大支柱。

货币政策,通货膨胀,美联储主席鲍威尔杰克逊霍尔演讲全文 金色财经,当前的经济形势和货币政策的近期展望。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的MEME、DeFi、DAO、NFT和元宇宙行业新闻。

观察 BTC 生态的不同技术路径可以发现，我们仍然处于一个 BTC 生态的发展期。BTC 生态真正的繁荣还远没有来临。因此，BTC L2 的路线之争才刚刚开始。

Stripe Tempo 与 Circle Arc 的推出，是数字金融领域的一个关键转折。

"RWA 的发展不应是一场竞赛，而是一场需要耐心与智慧的长跑。"

数字资产领域压力持续积聚，全线抛售潮冲击主要币种。衍生品活动尤为活跃，导致市场结构日益敏感且反射性增强。

AUSTRAC has ordered Binance Australia to hire an external auditor after finding serious gaps in its anti-money laundering and counter-terrorism controls. The move is part of a wider crackdown on crypto platforms in Australia, with regulators warning of local risks despite global systems.

South Korean prosecutors are pushing for a three-year jail term for actress and former singer Hwang Jung-eum, accusing her of embezzling billions of won from her own entertainment agency to fund crypto purchases.