4E: ETH market value surpasses Netflix, Circle plans to sell 10 million shares of stock

According to 4E observations, ETH has briefly surpassed $4600, with a market value of approximately $556 billion, surpassing streaming giant Netflix and ranking 25th on the global asset market value ranking. Market analysis suggests that Ethereum's continued expansion in DeFi, NFT, and Layer2 ecosystems is attracting more attention from institutions and mainstream funds. According to SEC documents, Circle Internet Group, the issuer of stablecoin USDC, plans to sell 2 million shares, with shareholders including co-founder and CEO Jeremy Allaire selling a total of 8 million shares. Based on Tuesday's closing price of $163.21, the total amount of this stock sale is approximately $1.63 billion. Industry insiders believe that this move may provide financial support for Circle's listing and expansion of its global settlement business. On a macro level, Brian Jacobsen, Chief Economist at Annex Wealth Management, stated that if market inflation expectations remain manageable in the coming months, the Federal Reserve is expected to resume interest rate cuts in September. The latest data shows that the seasonally adjusted core CPI annual rate in the United States rose to 3.1% in July, reaching a five month high and strengthening the market's attention to the direction of monetary policy. In terms of the precious metal market, Trump denies that gold will be taxed, while UBS maintains its medium-term forecast of $3500 per ounce and points out that if geopolitical or economic conditions worsen, gold prices are expected to further rise to $3800. 4E reminds investors that the combination of macro policy expectations and hot events in the cryptocurrency market may accelerate market sentiment fluctuations in the short term. Investors are advised to pay attention to the trends in the Ethereum ecosystem and global liquidity changes, seize structural opportunities, and manage their positions effectively.