Gold hits $2,600, a new all-time high On September 19, acco | Kun Lee on Binance Square

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Gold hits $2,600, a new all-time high
On September 19, according to market data, after the Federal Reserve's first 50BP rate cut, spot gold continued to rise, touching the $2,600 per ounce mark, reaching a new historical high. (Gold Ten)
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UBS: The Fed's final rate cut may exceed market expectations According to market information, UBS strategists believe there is a clear risk that the ultimate decline in US interest rates will exceed the current market pricing, which could inflate the stock market bubble. The UBS team led by Andrew Garthwaite stated that since 1981, the Federal Reserve's policy easing cycles starting with 50 basis points have been accompanied by economic recessions, but this time they believe this is a sign of the Fed being aggressive rather than an economic recession. Garthwaite pointed out that the market pricing reflects that interest rates will bottom out around 2.8%, which is the neutral interest rate level previously hinted at by the Federal Reserve, "therefore there is a clear risk that the ultimate decline in interest rates will exceed expectations". The UBS team believes that the steepening of the yield curve dominated by short-term bonds is favorable for defensive stocks and the consumer sector, but not including luxury goods, and expects small-cap stocks to outperform as their floating-rate debt is three times that of large-cap stocks. $BTC $ETH $BNB

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Data: A whale liquidated PEPE, FLOKI, and WLD in the past 7 hours, making a profit of $BTC According to @ai_9684xtpa's monitoring, on September 3rd, a whale that had accumulated $3.2 million in PEPE/FLOKI/WLD Altcoins cleared out all of their Altcoin positions over the past 7 hours, making a profit of $200,000. Among them, PEPE was purchased at $0.00000741, making a profit of $110,000; FLOKI was purchased at $0.0001194, making a profit of $45,000; and WLD was purchased at $1.43, making a profit of $BTC $BTC $eth $bnb

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A whale liquidated PEPE, FLOKI, and WLD in the past 7 hours and made a profit of $BTC On September 19, according to monitoring by ai_9684xtpa, a whale that had accumulated $3.2 million in PEPE, FLOKI, and WLD Altcoins on September 3 cleared out all of their Altcoin holdings in the past 7 hours, making a profit of $200,000. Of this, PEPE was purchased at $0.00000741 per unit, making a profit of $110,000; FLOKI was purchased at $0.0001194 per unit, making a profit of $45,000; and WLD was purchased at $1.43 per unit, making a profit of $BTC $BTC $eth $bnb

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Bernstein: Stablecoin circulation returns to all-time highs and is becoming "systemically important" PANews reported on September 19 that, according to The Block, analysts at research and brokerage firm Bernstein stated that blockchain-based stablecoins pegged to fiat currencies such as the US dollar are reaching systemic importance levels, and their issuers have now become the largest holders of US Treasuries alongside sovereign nations. Companies such as USDT and USDC collectively hold over $125 billion in US Treasuries. The analysts pointed out that the monthly payment volume of on-chain stablecoins has doubled in the past 12 months, reaching $1.4 trillion, with stablecoins accounting for around 50% of all on-chain transaction volume. The number of monthly active users has reached a new high of around 22 million, and the total number of stablecoin wallets with non-zero balances is currently 120 million. After reaching a peak in April 2022, the circulating supply of stablecoins has now returned to around $180 billion, the historical high. $BTC $ETH $BNB

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Traders bet on a 25 basis point rate cut in the next Fed move ChainCatcher news, according to Jinshi News, after the release of US economic data, US short-term interest rate futures fell, with traders betting that the Federal Reserve will cut rates by 25 basis points in the next step. $BTC $ETH $BNB

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