On August 5, according to 4E Observation, SharpLink Gaming once again increased its holdings of 18,680 Ethereum units, which is approximately US$66.63 million based on the current market price, bringing its total ETH positions to 498,884, with a total valuation of more than US$1.8 billion, further consolidating its role in the Ethereum ecosystem."quasi-micro strategy" status. At the same time, BTC Digital announced that it would postpone the extraordinary shareholders meeting to August 22. This meeting will review its strategic plan for a comprehensive shift to Ethereum, including clearing BTC, operating direction with ETH as its core asset, or marking a key node for traditional mining companies to enter a new generation of chain companies. In terms of macro policies, the White House plans to sign an executive order prohibiting banks from refusing to serve customers based on political or crypto business, and recommends clarifying the regulatory boundaries between the SEC and CFTC to help establish a mature and transparent crypto market system. Forbes pointed out that as crypto companies such as Circle advance IPOs, native projects will usher in an accelerated capital injection cycle, and funds will be tilted towards Layer1/2, infrastructure and development tools. Analysts have warned that the encryption ecosystem is moving towards institutionalization and mainstream financial integration. Although the surge in altcoins is unlikely to occur again, mainstream assets will benefit from the dual return of capital and confidence. 4E reminds investors: Under the general trend of compliance and institutional entry, paying attention to long-term value assets and being alert to short-term fluctuations are the core logic for laying out the new cycle.