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BlockBeats News, September 4, according to The Block, Presto research analyst Min Jung stated that the market's buying pressure is mainly sustained by the continuous accumulation from Digital Asset Treasury (DAT) companies, and attributed Ethereum's significant gains on Wednesday to this trend. Jung said: "ETH has once again performed exceptionally well, most likely benefiting from the same capital flows driven by DAT. However, we remain cautious about the sustainability of this theme and the ability of DAT companies to continue maintaining high purchase volumes." The analyst previously pointed out that capital has been continuously rotating from bitcoin to ethereum, as traders believe that after bitcoin hit all-time highs in July and August, ethereum offers more profit opportunities.

Foresight News reported that Shayne Coplan, CEO of the prediction market Polymarket, tweeted that Polymarket has received approval from the CFTC to launch in the United States. The CFTC has issued a no-action letter to the company, allowing it to resume operations in the US. The CFTC stated that it will not take enforcement action against QCX, the regulated derivatives exchange acquired by Polymarket for $112 million this July, and has exempted it from certain recordkeeping and data reporting requirements. Previously, Polymarket was forced to reach a settlement with the CFTC and exit the US market in 2022 for failing to register as a designated contract market.