4E: ETH market capitalization surpasses Netflix, Circle plans to sell 10 million shares

According to 4E observation, ETH broke through $4,600 in a short time, and its market value reached about $556 billion, surpassing streaming giant Netflix and ranking 25th in the global asset market value list. Market analysis believes that the continued expansion of Ethereum in DeFi, NFT and Layer2 ecosystems is attracting more institutional and mainstream capital attention.
U.S. SEC filings show that stablecoin USDC issuer Circle Internet Group plans to sell 2 million shares, and shareholders including co-founder and CEO Jeremy Allaire will sell a total of 8 million shares. Based on Tuesday's closing price of $163.21, the total value of the stock sale is about 1.63 billion US dollars. Industry insiders believe that this move may provide financial support for Circle's listing and expansion of global settlement business.
On the macro front, Brian Jacobsen, chief economist at Annex Wealth Management, said that if market inflation expectations remain under control in the coming months, the Federal Reserve is expected to resume interest rate cuts in September. The latest data show that the annual rate of unquarterly core CPI in the United States rose to 3.1% in July, a five-month high, strengthening the market's focus on the direction of monetary policy.
In the precious metals market, Trump denied that gold would be taxed, and UBS maintained its medium-term forecast of $3,500 an ounce, noting that if the geopolitical or economic situation worsens, the price of gold is expected to rise further to $3,800.
4E reminds investors: The superposition of macro policy expectations and hot events in the crypto market may accelerate the market mood swing in the short term. Investors are advised to pay attention to Ethereum ecological trends and global liquidity changes, seize structural opportunities and do a good job in position management.