Linhly1993@

@linhly1993

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According to Wu, Wall Street Journal reporter Nick Timiraos stated that the employment report for September may close the door on the Federal Reserve lowering interest rates by 50 basis points next month, and keep officials on track for a 25 basis point cut. The Federal Reserve began cutting interest rates last month, when officials believed they might have acted too late on rate cuts due to mild summer inflation data and signs of a cooling labor market, leading to a larger cut of 50 basis points.

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Yields on U.S. Treasury bills have been declining since the Fed's interest rate cut, while gold has increased in value. CryptoQuant analysts suggest that bitcoin could benefit from the drop in Treasury bill yields. Falling yields often coincide with recessions and changes in the money supply, increasing the demand for safe-haven assets like gold. The global money supply has reached an all-time high, signaling bullish trends for bitcoin. Bitcoin's price has gained 1.4% in the past hour.

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A whale that had leveraged long positions on ETH incurred a loss of 8.22 million USD and sold 2,200 ETH, resulting in a loss of nearly 260 thousand USD.

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Trump’s DeFi project, World Liberty Finance (WLF), has started accepting users, limited to accredited U.S. investors and non-U.S. citizens. The project aims to bring financial freedom to everyone. Trump sees it as a historic opportunity to make America the crypto capital of the world. The project is based on Aave's instance, leveraging its core functions while maintaining some independence. Some users express support, while others urge Trump to focus on Bitcoin.

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According to WSJ, Fed Chairman Powell said today that the Fed will continue to cut interest rates to support economic growth and employment, but there is no need to cut interest rates as sharply as in the most recent meeting. The overall economic situation is solid, and the Fed plans to use its tools to maintain this momentum and is relatively optimistic about the economic outlook.

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Bithumb mulls Nasdaq listing, CleanSpark CEO predicts bitcoin to peak near $200,000 this cycle, Ethereum Foundation's ether sales surpass $10 million in 2024, and more

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Aevo completed the buyback of 1 million AEVO on September 26, with an average price of $0.42. The buyback was completed on-chain, with 1 million AEVO transferred to the treasury's multi-signature address. The official commitment is to buy back at least 1 million AEVO each month until December of this year

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Binance founder CZ walks free, former Alameda Research CEO Caroline Ellison sentenced to two years, and more: Hodlers Digest

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Ethereum transaction fees have surged as blockchain activity increases, according to Coinbase. The average gas price has risen 498% above the preceding 30-day average, and the median transaction cost has increased from $0.09 to $1.69. Several factors contribute to the uptick in activity, including increased decentralized exchange volumes and higher ether transfer volumes. Analysts at Kraken suggest a potential bullish shift in Ethereum's near-term momentum, but caution that it remains below its 200-day exponential moving average. The ether derivatives market also shows signs of renewed optimism. The price of ether is currently $2,687.

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According to Wu's report, the Bitcoin mining difficulty adjustment occurred at block height 862,848 (today at 3:40:28), with a decrease of 4.6% to 88.40 trillion. Currently, the average network hash rate over the past seven days is 639.20 EH/s.

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In the past week, Singapore has become a hotspot for cryptocurrency technology, attracting numerous industry leaders and participants. Notably, the two major events Token2049 and Solana Breakpoint, as well as the annual Network State Conference, which was initiated by Balaji Srinivasan, discussed how future communities could transform into sovereign entities with their own laws. Balaji suggested that future network states will coexist with traditional nations and may potentially replace them. Additionally, the conference explored several related projects such as Cabin, Culdesac, and Edge City. Tech giants like Vitalik Buterin and Naval Ravikant also shared their insights and expectations for future network states.

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Coinbase presented its case to the appeals court in its petition for rulemaking case against the SEC. Coinbase argues that the SEC has failed to provide a path for actors in the digital asset space. The SEC, on the other hand, maintains that existing laws and regulations already apply to digital assets.

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According to SoSo Value, ETH(Ethereum) is now at $2700, up 1.70% in the past 1H, up 5.13% in the last 24H.

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According to the official Twitter announcement from MATR1X FIRE, a total of 5,453,569 $FIRE tokens have been burned, with a total value of 9.70 million USD. In the future, the $FIRE consumed within the game will continue to be burned, further promoting the deflationary nature of $FIRE. MATR1X FIRE plans to reduce the total supply of $FIRE to 500 million through continuous burning. Additionally, MATR1X FIRE officially launched the gold mining test code-named "Genesis Spark" on September 21.

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The US SEC has filed two lawsuits for the first time against the "Pig Butchering Scams" cryptocurrency scam, suing three individuals and five companies. This type of scam uses social media to establish trust relationships, induce victims to invest in fake crypto platforms and then run away with the money, targeting NanoBit and CoinW6.

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A new documentary titled "Vitalik: An Ethereum Story" offers an intimate look at Vitalik Buterin and the Ethereum ecosystem. The film, which began streaming onchain, features interviews with Buterin, his family, and tech experts, exploring his contributions to Ethereum from childhood to its current status. It was funded by a record-breaking crowdfunding campaign, raising 1,036 ETH. The documentary, available for streaming on a token-gated site for 30 days, was produced by Optimist and other notable studios, aiming for broader distribution in 2025.

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During a Congressional hearing titled 'Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,' lawmakers from both parties expressed frustration with the SEC's approach to digital assets. The hearing discussed the regulatory challenges faced by crypto market participants and the need for clearer guidelines. Key witnesses included Robinhood's Chief Legal Officer Dan Gallagher and Bitwise Asset Management President Teddy Fusaro. A significant point of contention was the SEC's creation of the term 'crypto asset securities,' which Rep. Ritchie Torres criticized as being invented 'out of thin air.' The hearing also highlighted ongoing disputes over digital asset regulations and the SEC's enforcement actions, including a notable case involving Ripple.

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Bitcoin exchange depositing addresses have reached their lowest level since 2016, indicating a potential decrease in selling pressure, according to a CryptoQuant research note. The number of addresses sending inflow transactions to exchanges has dropped to 132,100, a multi-year low. This trend suggests fewer investors are selling their coins on spot exchanges. Additionally, the liquid supply of bitcoin on centralized exchanges has decreased by about 15% since the beginning of the year, further indicating a reduction in available bitcoin for sale and possibly a shift towards long-term holding strategies. The bitcoin price has recently increased by approximately 5%, trading at $61,019.

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Former Celsius CEO Alex Mashinsky is seeking testimony from six witnesses in his criminal trial as he faces a potential 115-year prison sentence. Mashinsky, arrested last year for allegedly defrauding customers and misleading them about Celsius' profitability, has requested a New York district court to allow testimony from former employees, including the company's CFO and CRO. His lawyers argue that Mashinsky relied on his team and did not intend to harm anyone. The government's current position suggests a sentence of 115 years based on the Sentencing Guidelines. Celsius filed for bankruptcy in 2022, and in July 2023, the SEC sued the firm and Mashinsky for fraudulent activities and manipulating the price of its native token, CEL. Among the witnesses is former CRO Roni Cohen-Pavon, who has pleaded guilty to criminal charges and is said to have ignored Mashinsky's instructions regarding CEL transactions.

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Wu learned that UniSat announced that in order to enhance the overall platform experience, the official UniSat website will block the display of all BRC-20 token names containing 'unisat' or 'lorenzo' (in any combination of uppercase or lowercase letters). It is stated that this is a platform policy rather than a protocol rule. This means that although these token names are legitimate BRC-20 tokens on Fractal, the platform chooses not to display them in any products.

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