August 23rd Midday Update: Key Developments at a Glance

7:00-12:00 Keywords: Ondo, XRP market value, Ethereum ETF, BlackRock IBIT

1. Ondo Finance announced that it will launch tokenized stocks on September 3;

2. Huatai Securities maintains its forecast that the Fed will cut interest rates twice this year;

3. XRP market value surpasses BlackRock Group;

4. Tom Lee: There is a high probability that the market value of Ethereum will surpass that of Bitcoin;

5. Grayscale increased holdings of 5542 LINK and 2909 ETH today;

6. Data: The reserve scale of the Ethereum ETF has exceeded $30 billion, and the reserve scale of 69 treasury companies is approaching $20 billion;

7. Yesterday, the net outflow of the US Bitcoin spot ETF was $23.2 million, and the net outflow of BlackRock IBIT was $198.8 million.

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