Headlines

▌US FBI: Shooting near the golf club in West Palm Beach, Florida is suspected to be an assassination attempt against Trump

On September 15, local time, the Federal Bureau of Investigation (FBI) issued a statement saying that the shooting incident that occurred near the golf club in West Palm Beach, Florida, owned by former US President and Republican presidential candidate Trump on the same day was suspected to be an "assassination attempt" against Trump, and the department is investigating. After the shooting, Trump's campaign team issued a statement saying that Trump is currently safe. According to law enforcement sources familiar with the matter, when Trump was playing golf that day, a gunman appeared near the golf course. Secret Service agents shot the armed suspect for protection purposes. The suspect drove away and was subsequently arrested. Some officials believe that the suspect's target is Trump. Previously, on July 13, Trump was "attempted to assassinate" at a rally in Butler, Pennsylvania, and his right ear was injured. One spectator died and two others were seriously injured.

▌After Trump was suspected of another assassination attempt, most of the related concept Meme coins did not rise

The market shows that after Trump was suspected of another assassination attempt, except for FIGHT, most of the related concept meme coins did not rise, including: TRUMP is now at $2.23, down 2.2% in 1 hour; MAGA is now at $0.00006555, down 0.4% in 1 hour; TREMP is now at $0.1312, down 0.5% in 1 hour; STRUMP is now at $0.005158, down 1.9% in 1 hour; MAGAA is now at $0.006849, down 2.8% in 1 hour; FIGHT is now at $0.005129, up 3.1% in 1 hour. The market fluctuates greatly, please do a good job of risk control.

Quotes

As of press time, according to Coingecko data:

BTC's latest transaction price is $58,714.75, with a daily change of -2.8%;

ETH's latest transaction price is 2,299.30, with a daily change of -5.2%;

BNB's latest transaction price is $549.80, with a daily change of -0.9%;

SOL's latest trading price is $131.26, with a daily change of -4.7%;

DOGE’s latest trading price is $0.1022, with a daily change of -3.6%;

XPR’s most recent trading price is $0.5675, with a daily change of -4.5%.

policy

▌The US CFTC warns that election betting is about to explode and seeks court to extend the suspension of Kalshi political prediction market

The U.S. CFTC warned that "election betting is about to explode" and asked the appeals court to extend the suspension of Kalshi's political prediction market. "The district court's order was interpreted by Kalshi and others as an open season for election betting," the CFTC said in a filing on Saturday. Recently, U.S. District of Columbia federal judge Jia Cobb issued a formal opinion, ruling that the CFTC has no authority to conduct a "public interest review" to prevent Kalshi from listing a political prediction market in the United States. Judge Cobb pointed out that Kalshi's contracts do not involve illegal activities or gambling, but about elections, neither of which falls within the jurisdiction of the CFTC. Currently, the U.S. Congress has revoked the CFTC's public review of certain proposed futures contracts, saying that unless these contracts fall into specific categories such as terrorism or gambling. The CFTC noted that after this decision, Interactive Brokers, a heavyweight Wall Street broker, announced that it would offer contracts on the presidential election through a CFTC-regulated subsidiary. The agency said that unless the U.S. District of Columbia Court of Appeals extends the suspension of Kalshi's contracts during the appeal, other CFTC-regulated exchanges will follow suit. "A surge in election betting on U.S. futures exchanges would harm the public interest." The CFTC reiterated that the harms include market manipulation and "undermining election integrity."

Indian court bars police from freezing entire bank accounts in cryptocurrency fraud investigation

The Madras High Court in India has ruled that police cannot freeze entire bank accounts in fraud investigations, only the amount in a bank account that is related to the fraud. The ruling came after a case in which an account was frozen due to a cryptocurrency investigation. Justice G. Jayachandran stressed that freezing entire accounts deprives individuals of their livelihood and financial stability. He pointed out that account holders often do not know why their accounts have been frozen, and by the time they find out, they have already suffered significant losses in their daily financial and business transactions.

Blockchain Applications

▌Galaxy Researcher: There is a high probability that the Ethereum Pectra upgrade will be executed in two parts

Christine Kim, a cryptocurrency researcher at Galaxy, believes that due to the complexity of the current Pectra fork and the need for more upgrades, the possibility of splitting into two independent upgrades (Prague upgrade and Electra upgrade) is "high". Christine Kim previously summarized the 196th Ethereum Core Developers Conference (ACDE) and said that Ethereum developers are seriously considering splitting the Pectra upgrade into two upgrades. In addition, Christine Kim also added that if developers decide to split the Pectra upgrade into two hard forks, its scope may change dramatically. It is reported that Ethereum developers will make a decision on this at the next Ethereum all-core developer conference call on September 19.

▌Bitfarms launches 2.2 EH/s mining machine hosting agreement ahead of schedule, but is opposed by Riot Platforms

Bitfarms announced that its 2.2 EH/s mining machine hosting agreement with Stronghold Digital Mining will be brought online in October 2024, two months earlier than originally planned. The agreement will enable Bitfarms to add 10,000 Bitmain T21 miners to its Panther Creek facility in Pennsylvania. Bitfarms CEO Ben Gagnon said the facilities will help the company expand its business, reduce electricity costs, and enter the energy trading and AI fields. In addition, Bitfarms' Stronghold acquisition plan has sparked strong opposition from its largest shareholder, Riot Platforms. Riot called for reforms to the Bitfarms board of directors and questioned the value of the Stronghold acquisition, believing that the transaction would dilute shareholder interests. Bitfarms responded that Riot's proposal was in its own interest and insisted that the acquisition of Stronghold was a strategic move to optimize its US business.

Cryptocurrency

▌The cryptocurrency industry is currently entering the institutional era

Yat Siu, co-founder and executive chairman of Animoca Brands, said in a recent interview that there are a series of tokens that have performed poorly, but some tokens have performed well, such as Bitcoin, Ethereum, Solana and TON. The key difference is institutional support. Projects with institutional support tend to perform more stably, starting with Bitcoin ETF. The cryptocurrency industry is now entering the institutional era, which means that institutional support is needed to stand out. The traditional stock market is dominated by institutional investors, while the token market is dominated by retail investors. In the institutional investor market, projects will be carefully studied because they need strong purchasing power and long-term planning. In addition, Yat Siu also talked about the recently popular "Black Myth: Wukong". He said that he was proud that "Black Myth: Wukong" could become a global hit game. This is an interesting moment. The popularity of "Black Myth: Wukong" is also due to the early Asian game companies and the cultural prosperity dominated by Asia.

▌BNB breaks through $560

The market shows that BNB has broken through $560 and is now trading at $559.9, with a 24-hour increase of 1.34%. The market is volatile, so please do a good job of risk control.

▌Galaxy Digital Research Director: Trump's victory is more beneficial to altcoins than Bitcoin

Alex Thorn, head of research at crypto asset management company Galaxy Digital, wrote on the X platform, “I do think that a Trump victory would be more beneficial to altcoins than to Bitcoin, mainly because regulatory relaxation would be more helpful to altcoins than to Bitcoin.”

Important economic developments

▌Bank of Canada governor raises possibility of faster pace of rate cuts

On September 15, the governor of the Bank of Canada raised the possibility of accelerating the pace of interest rate cuts as growth concerns intensified. He hinted that if economic growth disappoints, policymakers may turn to a sharp 50 basis point rate cut. The G7 country's economy grew at an annualized rate of 2.1% in the second quarter, but there are growing concerns that falling oil prices, rising unemployment and falling immigration levels may bring Canada close to stagnation. Rate setters are increasingly worried about Canada's labor market and the possibility of a shock to the economy from falling crude oil prices. (Jinshi)

▌UBS: "Terrible data" may affect the extent of the Fed's interest rate cut

Before the Fed's interest rate decision, the US retail sales data, known as the "horror data", will be released. UBS said that they are closely watching the retail sales and industrial production data, and the weakness of these data may affect the Fed's decision to cut the federal funds rate by 50 basis points instead of 25 basis points. UBS said that US inflation has slowed to the point where interest rates can be cut. The agency outlined their "baseline expectations" that the Fed will cut interest rates by 100 basis points for the rest of the year and another 100 basis points in 2025. UBS added that as the pace of rate cuts accelerates, the US dollar will fall further and gold will rise further.

Golden Encyclopedia

What is the Ethereum Prague-Electra (Pectra) upgrade?

Ethereum’s Pectra upgrade combines two separate upgrades: the Prague upgrade and the Electra upgrade. The Prague upgrade focused on changes to the network’s execution layer, while the Electra upgrade affects the consensus layer. These upgrades are collectively referred to as the “Pectra” upgrade when combined. The Pectra upgrade will follow “Dencun,” a merger of the Deneb and Cancun upgrades in March 2024. Technically, Dencun is an Ethereum hard fork designed to reduce transaction fees for Layer 2 solutions. Pectra is a new milestone on the Ethereum development roadmap and is scheduled to go live in Q1 2025. This timeline allows for the inclusion of additional features to improve the Ethereum user experience (UX).

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.