Ultra-high-resolution image synthesis holds significant potential, yet remains an underexplored challenge due to the absence of standardized benchmarks and computational constraints. In this paper, we establish Aesthetic-4K, a meticulously curated dataset containing dedicated training and evaluation subsets specifically designed for comprehensive research on ultra-high-resolution image synthesis. This dataset consists of high-quality 4K images accompanied by descriptive captions generated by GPT-4o. Furthermore, we propose Diffusion-4K, an innovative framework for the direct generation of ultra-high-resolution images. Our approach incorporates the Scale Consistent Variational Auto-Encoder (SC-VAE) and Wavelet-based Latent Fine-tuning (WLF), which are designed for efficient visual token compression and the capture of intricate details in ultra-high-resolution images, thereby facilitating direct training with photorealistic 4K data. This method is applicable to various latent diffusion models and demonstrates its efficacy in synthesizing highly detailed 4K images. Additionally, we propose novel metrics, namely the GLCM Score and Compression Ratio, to assess the texture richness and fine details in local patches, in conjunction with holistic measures such as FID, Aesthetics, and CLIPScore, enabling a thorough and multifaceted evaluation of ultra-high-resolution image synthesis. Consequently, Diffusion-4K achieves impressive performance in ultra-high-resolution image synthesis, particularly when powered by state-of-the-art large-scale diffusion models (eg, Flux-12B). The source code is publicly available at https://github.com/zhang0jhon/diffusion-4k.