💥Today (September 19), the Crypto market exploded strongly after the news that the US Federal Reserve (FED) decided to cut interest rates by 0.5%.

As of the time of writing, the price of BTC (Bitcoin) is currently trading around $62,100 - up nearly 4% in the past 24 hours.

Notably, BTC has "released Dom" to make way for Altcoins. Many Altcoins have increased by more than 10% in the past day, the most notable of which include SEI (up 23%), SUI (up 18%), FTM (up 14%), ...

*Notable events:

+$BTC - According to data from Farside Investors, Spot BTC ETF funds in the US recorded a negative capital flow of $52.7 million in the trading session on September 18. The main selling force came from the ARKB fund (21Shares) with a net withdrawal of $43.4 million.

+$ETH - Spot ETH ETF funds continued their gloomy days with a net withdrawal of $14.7 million on September 18, the main selling force still came from Grayscale's ETHE fund.

+Early this morning (September 19), the FED decided to cut interest rates by 0.5%. The global financial market shook strongly after the news, while BTC jumped sharply to over $62,000. See more at: Summary of the FED's interest rate decision in September 2024!

*Important information about other coins:

+$BTC - Former US President Donald Trump bought a cheeseburger with Bitcoin in New York via the Lightning network. This event marked the first time a US president used Bitcoin for payment.

+$TON - TON continues to raise $30 million from Bitget and Foresight Ventures. The investment is aimed at supporting the development of Tap to Earn gaming projects on the TON network.

+$SOL - Solana Breakpoint Conference will start tomorrow (September 20). This is Solana's biggest conference of the year, bringing together many leading developers in the Solana ecosystem.

+$ZRO - LayerZero Foundation will launch lzCatalyst - an ecosystem incentive program with a total of up to $300 million. The ZRO token reacted positively to the news, increasing by 12% in the past day.

+$OP - Layer 2 Base hits a new record of over 4.5 million transactions in a day, surpassing heavyweights such as Arbitrum and Optimism.

AI project Vana announced that it raised $25 million in three funding rounds led by prominent investors such as Coinbase Ventures, Paradigm & Polychain Capital.

Hemi Labs (developer of the modular blockchain Hemi Network) raised $15 million in a funding round co-led by Binance Labs, Breyer Capital and Big Brain Holdings.

Dragonfly Capital plans to raise another $500 million for its new fund, with the search for investors expected to end in early 2025.

Fintech company Revolut is preparing to launch a stablecoin. After Tether announced Q2 2024 profits surpassing BlackRock, many organizations are also interested in issuing stablecoins.

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