Gate Daily (August 27): Trump deploys CRO treasury strategy; Little Trump joins Polymarket board; SharpLink hoards $360 million ETH

Bitcoin (BTC) is experiencing a short-term rebound, temporarily reporting around $111,680 on August 27. Trump Media & Technology Group will establish a new company to deploy the CRO treasury strategy, with expected funding totaling $6.42 billion. Young Trump joins the board of Polymarket, with the prediction market focusing on the recovery of the U.S. economy. SharpLink reports raising $360.9 million through a market issuance plan, acquiring 56,533 Ethereum (ETH) at an average cost of $4,462.

Today's Outlook

1. The change in US API crude oil inventories (in 10,000 barrels) for the week (as of 0822) was -241.7, previous value.

2. The UK August CBI Retail Sales Expectations Index, previous value was -31.

3. U.S. EIA crude oil inventory change (10,000 barrels) (as of 0822), previous value was -601.4

Macroeconomic Events & Coin Circle Hotspots

1. The prediction market Polymarket has added Donald Trump Jr. to its advisory board after receiving a strategic investment from 1789 Capital. 1789 Capital describes itself as a politically aligned investment vehicle that supports companies it believes advance "American exceptionalism." The two companies did not disclose financial terms, but Axios estimates the investment amount to be "in the millions." Trump Jr. will become a partner at the fund in 2024. In a statement on August 26, he said, "Polymarket breaks the media hype and so-called expert opinions by allowing people to bet on what they truly believe will happen in the world." Previously, Polymarket was forced to block users due to actions by the U.S. CFTC, and this investment is part of the company's efforts to return to the U.S. market in a regulated manner.

2. According to the statement on August 26, Trump Media Group has reached an agreement with the Nasdaq-listed blank check company Yorkville Acquisition Corp. to establish a new entity focused on the acquisition and holding of Cronos's CRO tokens. The proposed capital for Trump Media Group's CRO strategy will reach approximately $6.42 billion, including cash, warrants, and digital assets. Notably, all founding shareholders have agreed to a one-year lock-up on their shares, followed by a three-year gradual release plan.

3. According to a statement on August 26, SharpLink is a company increasingly focused on Ethereum, and it continues to actively accumulate ETH. The company stated that it raised $360.9 million through its market issuance plan in the week ending August 24, acquiring 56,533 ETH at an average cost of $4,462. These purchases increased SharpLink's total holdings to 797,704 ETH, with a market value nearing $3.7 billion. SharpLink is the second-largest corporate holder of Ethereum, second only to Thomas Lee's BitMine. Since launching its financial plan in June, SharpLink has earned staking rewards of 1,799 ETH and has approximately $200 million in cash for future acquisitions.

( Market Trend

1、$BTC short-term迎來Rebound，暫報 111,680 美元左右，過去 24 小時爆倉 1.36 億美元，主爆多單；

2. Major U.S. stock indices all rose on August 26, as Wall Street focused on the news of President Trump removing Federal Reserve Board member Cook from office. The Dow Jones Industrial Average increased by 135.6013 points or 0.3%, closing at 45,418.07 points. The Nasdaq Composite rose by 94.9795 points or 0.44%, ending at 21,544.2695 points. The S&P 500 climbed by 26.6202 points or 0.41%, finishing at 6,465.94 points. The Philadelphia Semiconductor Index jumped by 51.6218 points or 0.9%, closing at 5,807.9218 points. The VIX, or fear index, fell by 0.17 points or -1.15%, settling at 14.6199 points.

![Gate Liquidation Map])https://img-cdn.gateio.im/webp-social/moments-b145d12592-ea990f4eb6-153d09-1c6801.webp###

3. In the Gate BTC/USDT liquidation map, based on the current 111,767.80 USDT, if it drops to around 108,701 USD, the total liquidation amount of long positions exceeds 1.2 billion USD; if it rises to around 112,788 USD, the total liquidation amount of short positions exceeds 433 million USD. The liquidation amount for shorts is significantly lower than that for longs, suggesting a reasonable control of leverage ratios to avoid triggering large-scale liquidations during market fluctuations.

4. In the past 24 hours, BTC spot inflow was $2.54 billion, outflow was $2.3 billion, resulting in a net inflow of $240 million.

5. In the past 24 hours, contracts such as $BTC, $DOGE, $SOL, $SUI, and $1000PEPE have seen net outflows, indicating trading opportunities.

( News Dynamics

1. Hedge fund Numerai secures $500 million investment commitment from JPMorgan.

2. Kristin Johnson, a commissioner of the CFTC in the United States, announced her impending resignation, leaving only one commissioner remaining at the CFTC.

3. dYdX releases a new roadmap: covering Telegram trading functionality, performance optimization, and token utility expansion.

4. Donald Trump's venture capital fund has invested in the prediction market Polymarket.

5. A certain Bitcoin OG whale has deposited 968 BTC into Hyperliquid.

6, Canary has submitted the S-1 application documents related to the Canary TRUMP Coin ETF to the U.S. SEC.

7. A certain Bitcoin OG whale sold 1,000 BTC and then went long on ETH with 5x leverage.

8. YZi Labs announced an investment in the yield-bearing synthetic dollar protocol USD AI.

9. Trump's media will launch a reward system on the TRUTH SOCIAL and TRUTH+ platforms.

10. The public company SharpLink increased its holdings by 56,533 ETH, with a total ETH holding scale of approximately 3.7 billion dollars.

11. The Bitcoin programmable layer project Hemi has completed a $15 million financing, led by YZi Labs and others.

12. Aave's TVL recently reached a historic high of 41.1 billion USD, equivalent to the 54th largest bank in the United States.

) X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): "Today's assignment is not difficult to write, it's actually simpler compared to yesterday, because the US stock market has made a good statement. Today, the US stock market has rebounded slightly. Although it hasn't recovered the decline from yesterday, it indicates a different situation from last week. Investors in the US stock market are not as overly concerned about the interest rate cuts in September and the economy as they were last Monday. The focus of the market today is Trump's dismissal of Fed Governor Cook. As analyzed during the day, Trump certainly knows that the so-called presidential order has no direct effect on Cook, but what Trump is applying is pressure on the Fed, equivalent to telling the other governors of the Fed that if you do not support interest rate cuts, then it's best not to let me have your handle."

"There is also a good saying that Kuegler's resignation may have been discovered by Trump's team, and an agreement was reached. It's hard to say for sure. After nearly a day of fermentation, it can be seen that American investors do not have obvious concerns about the independence of the Federal Reserve. After all, it has been proven that Trump indeed does not have the ability to dismiss Federal Reserve governors without reason. However, if some governors later mention this issue in speeches by Trump and publicly state that Trump’s faction will increase its seats in the Federal Reserve, with the first and second, who can guarantee there won't be a third and fourth? Currently, Trump's supporters are Bowman, Waller, and Milan, but Milan has not yet been able to take office and is still waiting for Senate approval. It is uncertain whether he can make it to the September meeting. Trump's urgency in targeting Cook may indeed stem from concerns that there might not be a rate cut in September, hoping to exert pressure on the Federal Reserve through such means."

"Looking back at Bitcoin's data, today's turnover rate continues to increase, mainly because the drop in BTC's price has triggered panic among some investors. It is evident that not only are investors who bottomed out in the past two days showing signs of cutting losses, but even those holding positions below 100,000 dollars are showing a trend of exiting, possibly due to concerns about BTC's continued decline. However, from my personal perspective, this drop, like last week, is driven by worries about interest rate cuts in September and the potential economic recession in the United States, without any new bearish news. Therefore, the difference between last week's bottom and this week should not be significant. Although it briefly broke below 110,000 dollars, the support capacity at this price level is still very evident."