The total U.S. debt has surpassed $37 trillion for the first time, increasing by $780 billion since July 4, averaging $22 billion per day. Last week, the government sold off $724 billion in debt through 10 auctions, intensifying the crisis.

BlockBeats news, on August 9, according to GMGN data, the on-chain AI virtual creature concept Meme token SPARK on Solana has a market capitalization exceeding 18 million USD, reaching an all-time high, with a trading volume of 16.6 million USD in the last 24 hours and a rise of 437% in the last 24 hours. BlockBeats reminds users that Meme coins generally have no practical use cases, and price fluctuations are significant; investors should proceed with caution.

According to BlockBeats, on August 9, Globenewswire reported that the US-listed Bitcoin mining company LM Funding America released its unaudited Bitcoin mining and operational update report for the period ending July 31. In July, the mining output was 5.9 BTC, and 11 BTC were sold. As of the end of July, the Bitcoin holdings decreased to approximately 150.4 coins, with a total value of about 17.8 million USD.

According to BlockBeats news on August 9, Sharplink Gaming, "ETH version of MicroStrategy," stated that the Ethereum roadmap is not just about expanding financial scale, but about rebuilding the network: focusing on Decentralization, intelligence, and integrity. AI agents, physical infrastructure, data flows, and reputation layers all require Programmability trust, which is what Ethereum provides.

According to on-chain data analysis, Whale investors shorting ETH finally closed their positions on August 9 after consecutive losses, with a loss of 20.73 million USD. This investor started shorting on July 28, had unrealized gains of 12.25 million USD, but eventually chose to close all positions as ETH pumped.

LD Capital founder Yi Lihua stated that after ETH breaks 4000 US dollars, the target is 5000 US dollars, and he is optimistic about the performance of small coins. Ethereum rose to 4200 US dollars, and Yi Lihua mentioned that holding ETH is key to participating in the bull run.

Analysts point out that Ethereum may rapidly rise to $4400 due to the negative Gamma state in the derivatives market. The negative Gamma accumulation by market makers in the $4000 to $4400 range could trigger a self-reinforcing positive feedback loop, further pushing the price up.

BlockBeats news, on August 9, Eric Trump, the second son of Trump, posted on social media that seeing today's Ethereum short positions being crushed is truly gratifying. Don't bet on shorting Bitcoin and Ethereum anymore - otherwise, you will be ruthlessly run over by the market.

On August 9, all three major U.S. stock indexes closed higher, with the Dow Jones rising by 0.47%, the S&P 500 up by 0.78%, and the Nasdaq increasing by 0.98%. ETH strategy stocks generally rose, especially Bitmine (BMNR), which saw a growth of 24.59%, and the trading volume exceeded the market capitalization of MSTR, reaching as high as $112.04 billion, showing outstanding performance.

BlockBeats news, on August 9th, Strategy founder Michael Saylor stated in an interview with Bloomberg that over $100 trillion from traditional stock and credit markets could flow into digital asset-backed tools, which will outperform fiat currencies.

BlockBeats news, on August 9, according to CNBC, Trump and Putin will meet next weekend, with specific details yet to be determined. (Jin10)

According to BlockBeats news on August 8th, as per the official announcement, Gate has launched K Perptual Futures trading (USDT Settlement), supporting 1-20x leverage.

According to BlockBeats news, on August 8, after Ethereum broke through 4000 USD, the probability of ETH breaking 4200 USD on Polymarket this month rose by 17%, currently reported at 68%. As of the time of writing, over 2.84 million USD has participated in this prediction.

According to BlockBeats news on August 8, on-chain information shows that a certain smart money increased its holdings by 4,000 ETH with a long order at an average price of $3,997 half an hour ago, bringing its current holdings amount to $20.55 million. It is worth noting that this address also reduced part of its ETH long order 50 minutes ago. As of the time of writing, this address still holds a 40x Bitcoin long order worth $29.17 million.