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- 22:34Greeks.Live: Market sentiment turns cautious, with BTC and ETH considered relatively weak in performanceBlockBeats News, August 28, Greeks.Live released its daily market briefing stating, "The community generally holds a cautious view on short-term market trends, believing that BTC and ETH are relatively weak and require a rapid price breakout to mitigate risks. There is more focus on short-term opportunities for SOL, and it is believed that ETH may undergo an adjustment in the coming days, temporarily giving way to other tokens."
- 22:33BNB briefly rose over 1.5%. Previously, Eleanor Terrett stated that the US CFTC will issue guidance to clarify registration rules for foreign trading platforms.BlockBeats News, August 29, BNB briefly rose more than 1.5%, currently quoted at $875. According to previous reports, crypto journalist Eleanor Terrett stated that the U.S. Commodity Futures Trading Commission (CFTC) is about to issue a guidance to clarify its Foreign Board of Trade (FBOT) registration rules, providing a legal pathway for non-U.S. trading platforms to allow U.S. users to trade on their platforms.
- 22:33Bitwise: Bitcoin is expected to rise to $1.3 million by 2035BlockBeats news, on August 29, according to Cointelegraph, crypto asset management firm Bitwise has released its latest bitcoin price forecast, predicting that bitcoin will reach $1.3 million by 2035. This expectation is mainly driven by institutional demand and bitcoin's limited supply. The report, published as part of Bitwise's "Bitcoin Long-Term Capital Market Assumptions," forecasts that bitcoin will achieve a 28.3% compound annual growth rate (CAGR) over the next decade, far surpassing traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%). Under the baseline scenario, Bitwise expects bitcoin to reach $1.3 million by 2035; in a bullish scenario, bitcoin could rise to $2.97 million (CAGR 39.4%); while in a bearish scenario, it could fall to $88,005 (CAGR 2%). This price range reflects that despite increased institutional participation, the bitcoin market still exhibits significant volatility. Bitcoin is no longer a retail-driven market; institutional capital flows now dominate price movements.