Bitcoin hash rate stabilizes at all-time high after halving, miner confidence strong
Glassnode data shows that Bitcoin's average hash rate has been growing steadily over the past year and is seeing significant growth in 2024. Historically, hash rate has often moved in line with Bitcoin's price action, reflecting miner confidence and broader market sentiment. Recent charts show that after the post-halving surge, Bitcoin's hash rate has stabilized at an all-time high of around 650 EH/s despite price volatility. This trend suggests that miners are continuing to invest in network security, likely anticipating higher prices. Sustained hash rate growth, even amid market volatility, could mean a strong belief in Bitcoin's long-term value proposition.
Ethereum's average on-chain fee has steadily declined over the past 90 days and is currently below $1
On September 1, the average Ethereum on-chain fee remained low. In the past 90 days, except for a few short-term small increases, the average fee rate has been steadily declining. On August 8, the average on-chain fee for Ethereum transactions was $2.452, but as of press time, it has dropped to $0.743, less than $1.
JPMorgan: Fed rate cuts may not be enough to further boost stocks
JPMorgan strategists including Mislav Matejka said stock market sentiment and positioning indicators look far less attractive, and while the Federal Reserve will implement monetary easing to counter slowing growth, it may not be enough to further boost stocks and push them to record levels. In addition, political and geopolitical uncertainties have increased, and seasonal factors in September are more challenging again.
Trump "makes trouble" again and reiterates that he is the crypto president
Less than a month after the Bitcoin sneakers sold out, Trump has started selling his fourth series of NFTs. Recently, former US President and Republican candidate for the 2024 election Trump announced the previously preheated fourth series of NFTs on his social media platform Truth Social: 'Trump Digital Trading Cards, Series 4: America First'.
Buying more than 75 NFTs (worth $7,425) will give you the opportunity to have dinner with Trump in Florida, as well as limited edition sneakers and other benefits. Although the royalties from NFTs will not be included in Trump's political fundraising, in July, Trump's donations were far lower than Harris's, who raised $204 million in July, four times more than Trump.
As of the end of July, Harris' campaign had $220 million in cash, while Trump's campaign had $151 million in cash. Now, Trump urgently needs to build momentum through a new series of NFTs, especially to attract crypto donors and users. He also reiterated that he is the "crypto president" in this new NFT promotional video.
Lee Ka-chiu: I hope that virtual asset trading can promote more trade applications
In an interview, Lee Ka-chiu said that the country has requirements for Hong Kong, which reflects that the central government recognizes that the SAR has advantages in the fields of finance, shipping and trade, and Hong Kong must make good use of them, carry forward and make them bigger and stronger. Lee Ka-chiu said that the Hong Kong government has promoted the healthy development of the financial market in different ways. Taking the stock market as an example, the government established a task force to promote stock market liquidity in August last year. Most of the 12 short-term measures mentioned in the task force to improve market competitiveness have been implemented so far. The government is also actively seeking new economic growth points. Currently, virtual asset transactions have been carried out in Hong Kong. It is expected that after tokenized transactions and asset management, more trade applications can be promoted.
The 2024 (first) China Digital Human Conference will be held in Beijing in late September
The World Robotics Expo has just concluded in Beijing, and the Digital Human Conference will set off another wave of artificial intelligence applications. On August 28, the China Internet Society announced that the first China Digital Human Conference, which has attracted much attention from all walks of life and is hosted by the China Internet Society, will be held at the Conference Center of the Exhibition and Trading Center of the Beijing Zhongguancun National Independent Innovation Demonstration Zone from September 23 to 24, 2024.
At present, digital humans who have stood out in the innovation of the metaverse are becoming the hottest entrance to AI applications. With the theme of "Digital Human Application and Future", this conference aims to further build consensus in the industry, discuss key topics such as strategy, technology, application, security, and talent related to the development of digital humans from multiple dimensions and perspectives, and exchange ideas on related topics such as AIGC, intelligent bodies, and embodied intelligence. Together with the industry, we will discuss development paths, catalyze technological innovation, improve the ecological system, cultivate advantageous enterprises, enrich application scenarios, develop standards and specifications, consolidate security guarantees, provide talent support, and promote industrial development, so as to promote China's digital humans to maintain a global leading position and create a highland for the development of the digital human industry.
