According to the U.S. Federal Bureau of Prisons website, Binance co-founder Zhao Changpeng will be released from a U.S. prison on September 29. He has served four months in prison and has now been transferred to the Long Beach Residential Re-entry Management Unit in central California to prepare for release.
This is a big turnaround for Binance! Binance already has a large share in the cryptocurrency market, and Zhao Changpeng is the core figure. Although I have experienced such an incident before, I think this is a new starting point. Look at the current market, the US Bitcoin spot ETF had a net inflow of 186 million US dollars on September 17, and the market is still vibrant. And from the overall environment, the Federal Reserve’s interest rate decision is about to come out.
I believe that after Zhao Changpeng comes out, with his ability and experience, he will definitely lead Binance to a great turnaround. Binance's development may enter a new stage, bringing new vitality and opportunities to the entire cryptocurrency market. You can look forward to it.
Wow, cryptocurrency fans, here's some great news. House Financial Services Committee Chairman Patrick McHenry said he believes his crypto market structure bill will gain traction by the end of the year, even though he's retiring in January.
As we all know, the crypto market is a bit chaotic now, like a group of headless flies. Once this bill is approved, it will be like installing an accelerator for the development of the crypto market. Imagine that the market has clear rules, and everyone can be more confident to show their talents in this field. And the end of the year is not far away, and it feels like this good news will be realized soon. For those who have always been optimistic about the crypto market, this is like a long drought and a sweet rain, which will make the future of the crypto market bright, and may set off a new wave of development.
According to CME's "Fed Watch" data, this week, the probability of the Fed cutting interest rates by 50 basis points is as high as 63%, while the probability of cutting by 25 basis points is only 37%. Looking further ahead to November, the cumulative rate cuts are also expected, with a cumulative probability of 50 basis points cuts of 18.7%, a cumulative probability of 75 basis points cuts of 50.2%, and a cumulative probability of 100 basis points cuts of 31.1%.
This means that the market has a clear tendency to expect the Fed to cut interest rates. If the interest rate is really cut by 50 basis points this week, it will have a significant impact on the financial market, including the stock market, bond market and encryption field. The flow of funds may change significantly, and the market's trading strategy will also have to be adjusted accordingly.
The U.S. spot Ethereum ETF saw a net outflow of 6,581 coins yesterday, worth $15.1 million.
The U.S. spot Bitcoin ETF had a net inflow of 3,210 coins yesterday, worth $187 million.
Bitcoin: It closed with a medium-sized positive line yesterday and is currently at the 60-day moving average. The bulls may still have the possibility of further upward attack. The MACD indicator shows that the energy column at the daily level has signs of strengthening again. In summary: the market outlook is expected to fluctuate upward. Pressure reference: around 61,300; around 64,300;
Ethereum: Linked to Bitcoin trend. Pressure reference: around 2868; around 3102;
Altcoins: All of them are moving in tandem. Some projects like SUI have already come out of the bottom, while most other altcoins are still building a bottom in tandem. They have to build a solid bottom before there is a chance for a big rise in the future. Please wait patiently.
Today's panic index: 45 (fear) #美联储利率决议公布在即 #比特币走势分析
