1. There is not much to say about the macro aspect today. Maybe everyone is worried that Japan's interest rate hike will bring down the US stock market and cryptocurrencies. According to the chart data, the Bank of Japan has no urgency to raise interest rates, so the possibility of tightening the yen and risky assets is temporarily small (interest rate hike). The USD/JPY is mainly driven by future US yields (Figure 1)
2. Continuing with the first point, according to people familiar with the matter, 12440647527 is likely to end the two-day meeting on September 20 and keep the borrowing cost unchanged at 0.25%. Given the recent turmoil, including the#Nikkei225index's largest drop in history on August 5 (just a few days after the central bank raised interest rates), the central bank needs to pay close attention to financial markets. In addition, most economists surveyed expect the Bank of Japan to wait until December or January before raising interest rates again
3. The forecast ratio tracking of Trump and Harris is 49151758092 at 48% and#Harrisis 51% (Figure 2)
4. From the perspective of on-chain data indicators 04721215800 The selling pressure has decreased, and long-term holders#LTHhave less activity, but the buying pressure of US investment in#Coinbaseis relatively weak. Interestingly, Korean retail investors have strong purchasing power, indicating that everyone is optimistic about $BTC in the short term
5. According to the on-chain data, the stablecoins issued on $TON have been on an upward trend, with a supply of 1 billion US dollars
#USDT 6. Let's talk about $PYUSD. The latest circulation is 360 million US dollars, which is lower than the supply of 370 million US dollars in July, and the number of active addresses on the chain is less than 1,000 people/times
7. With the price drop in recent weeks, the number of active addresses on the chain has generally shown a downward trend, but the transaction volume fluctuates with the price fluctuations, indicating that there are some unbalanced activities on the chain, but the strange phenomenon is that despite the decrease in the price of Ethereum $ETH, the on-chain contract calls and pledges are on the rise, indicating that there are certain developer activities, and the large pledgers are also optimistic about the future #Ethereum's development (Figure 4)
8. According to the on-chain data, stablecoins are generally on the rise. $USDT alone accounts for 70% of stablecoins, reaching 118 billion US dollars and ranking first, followed by $USDC, which accounts for 21% and is 35.6 billion US dollars (data as of September 17)