● CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in September has risen to 99%
According to Planet Daily, CME's "Fed Watch" data showed that the probability of the Federal Reserve keeping interest rates unchanged at 5.25%-5.50% in September is 99%, and the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 1%.
It was previously reported that the probability of interest rate remaining unchanged on September 13 was 93%, and on August 25 it was 87.5%.
● The Fed's balance sheet has shrunk to below $8.1 trillion
According to BlockBeats, data from the Federal Reserve's official website showed that as of September 12, the size of the Federal Reserve's balance sheet was US$8.098 trillion, which has shrunk to below US$8.1 trillion.
● U.S. House Financial Services Committee advances legislation to prevent central bank digital currency issuance
According to Cointelegraph, the U.S. House of Representatives Financial Services Committee is advancing legislation aimed at preventing the issuance of central bank digital currencies. Chairman Patrick McHenry said the committee will discuss two bills on potential digital dollars on September 20. One of the bills is the Digital Dollar Pilot Prevention Act (H.R. 3712), which prohibits the Federal Reserve from launching a pilot project to test central bank digital currencies without congressional approval. The legislation was introduced by Representative Alex Mooney in May. The second legislation is an amendment to the Federal Reserve Act, prohibiting the Federal Reserve Bank from providing certain products or services directly to individuals, and prohibiting the use of central bank digital currencies for other purposes such as monetary policy.
● Hong Kong Monetary Authority warns crypto businesses may violate banking regulations
The Hong Kong Monetary Authority (HKMA) has warned that crypto businesses that call themselves banks and use banking terminology may violate the region’s banking regulations, Cointelegraph reported. The HKMA said that the use of certain banking terminology could mislead the public and make users believe that crypto companies are authorized banks in Hong Kong. The central bank stressed that under the region’s banking regulations, only licensed institutions can conduct banking or deposit-taking business in Hong Kong.
The central bank warned the public that companies that use terms such as “crypto bank,” “digital asset bank,” and “crypto asset bank” to describe themselves, or claim to provide banking services or bank accounts, may be breaking the law. According to the HKMA, it is illegal for individuals or businesses, except for authorized institutions, to use the word “bank” in their company names or descriptions. In addition, facilitating deposits without proper permission is also against the law.
The HKMA reminded the public that crypto companies that are not regulated by the central bank are not banks. This means that funds within so-called “crypto banks” are not protected by the territory’s deposit protection scheme.
● friend.tech 24-hour protocol revenue halved from recent highs
According to Planet Daily, DefiLlama data shows that friend.tech's 24-hour protocol revenue has dropped to about US$1 million, more than half of its recent high of US$2.27 million on September 13, and its current protocol revenue ranks fourth.
● The average daily number of traders in the Solana ecosystem NFT market Tensor is comparable to the total number of Ethereum NFT markets
Crypto KOL Chris Burniske said on the X platform that according to Dune data, the average daily number of traders on the Solana ecosystem NFT market Tensor is the same as the total number of traders on all Ethereum NFT markets. Burniske also pointed out that many people are now ignoring the potential of the combination of Solana and NFT.
● Ethereum Gas consumption median hits a one-month low
According to Glassnode monitoring, the median Gas consumption of Ethereum hit a new low in the past month. According to Etherscan data, the current Gas is 9 Gwei, and the average Gas in the past 7 days has not exceeded 20 Gwei.
