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Wang Feng: Ethereum's Rise Is Not Isolated in the Market, Cryptocurrency Autumn Is Expected to Begin

By: theblockbeats.news|2025/08/09 14:21:57

BlockBeats News, August 9th: Wang Feng, founder of Blueport Interactive, stated in a post that the market sentiment of Bitcoin and Ethereum should not be viewed in isolation. Bitcoin is currently trading sideways around $120,000, with little volatility and no major sell-off by institutions. This situation provides plenty of room for Ethereum to continue its uptrend after breaking through $4,000, with a forecast to rise to at least around $5,000. Similarly, Ethereum and the entire crypto market have always been interconnected. The cryptocurrency autumn is expected to kick off, with DeFi, RWA, and star meme coins entering a phase of takeoff.

On July 16th, Blueport Interactive established the LK Crypto Division to oversee the management of the company's mainstream crypto assets and accelerate its Web3 and RWA strategies.

AguilaTrades has closed a long position, realizing a profit of $11.3 million

Solana Ecosystem DEX Jupiter has released its weekly update and will announce the Jup Mobile update next week.