UK 30-year bond yield hits highest level since 1998
the yield on 30-year UK government bonds hit a 27-year high on Tuesday amid market concerns about governments around the world borrowing on a large scale and US President Trump's attempts to dismiss Federal Reserve Board members, pushing up global government borrowing costs. London Stock Exchange data showed that the yield on 30-year UK government bonds hit a high of 5.680%, rising by about 4 basis points on the day, the highest level since May 1998. The yield on 30-year German government bonds also rose to a 14-year high, following the rise in US government bond yields. The borrowing cost for 30-year UK bonds is the highest among the G7 countries, reflecting concerns about the country's inflation rate, heavy borrowing levels, and slow economic growth. UK Chancellor Rishi Sunak is expected to raise taxes in the autumn budget to continue to meet his fiscal goals, which could pose challenges to accelerating economic growth.
A whale bought another 5,553 ETH in 40 minutes, worth approximately $24.44 million.
according to the on-chain analysis platform Lookonchain (@lookonchain), a whale starting with 0x4ED0 bought another 5,553 ETH in the past 40 minutes, worth about $24.44 million. Since August 11, the whale has bought 18,447 ETH at an average price of $4,417 (worth about $81.5 million), and bought 1,357 WBTC at an average price of $117,547 (worth about $160 million), and then deposited these assets into Aave to borrow 114.2 million USDT.
Expectations of rate cuts and trade tensions boost gold prices, with London gold mining stocks strengthening.
gold sector stocks listed in London rose with the strengthening of gold prices. Victoria Scholar, Investment Director at Interactive Investor, said in a report that driven by expectations of a US rate cut this month and uncertainty over tariffs, gold prices continued to climb, nearing historical highs. "The focus this week is on the Fed's Beige Book, US non-farm payrolls report, job vacancies and labor turnover survey, and ADP report." Hochschild Mining rose 5%, Alien Metals rose 3.85%, and Fresnillo rose 1.6%.
Pumpfun created 595,000 new tokens in August
according to @defioasis data, in August, Pumpfun created a total of 595,000 new tokens, reclaiming the main market share on the Solana Launchpad; in that month, nearly 1.35 million addresses traded these new tokens created by Pumpfun, however, the overall loss reached 66 million US dollars, and there were no addresses with realized profits exceeding one million; 65.4% of addresses lost 0-1,000 US dollars, with an average loss of 73.41 US dollars.