2024.9.11 Cryptocurrency Circle Important‼ ️Event🌍

● On September 10, the US Bitcoin spot ETF had a net inflow of US$116.97 million yesterday, and the Ethereum spot ETF had a net inflow of US$11.4 million

● Traders are increasingly positioning for a rate cut of about 150 basis points before the Fed's policy decision on January 29

● The 30-day average funding rate of perpetual contracts has fallen to a negative value, which has only happened 6 times since 2018. Historically, a negative monthly funding rate often means that the market has bottomed out

● BTC's worst performance in September was mainly driven by the poor performance of risky assets, the pressure of the SEC enforcement season, and the theory of reflexivity. Historically, October and November are one of the best months for cryptocurrency investors

● Exchange USDT holdings have increased rapidly since August, and $300 million in stablecoins flowed into exchanges yesterday, which may indicate that investors are trying to take advantage of the market decline

● A total of 80,000 BTC have flowed out of exchanges since August 26

● $ENS - PayPal and Venmo integrates Ethereum Name Service (ENS) into its payment platform. Paypal and Venmo users can now enter the recipient’s ENS name directly in the search bar when sending crypto.

● $BNB - BNB Chain mentions upcoming restaking.

● $VELO - Velo Labs announces that supported $USDV assets now include an investment in BlackRock’s BUIDL, which is tokenized by securities

● According to @lookonchain, Wintermute has accumulated 12.16 million $NEIRO ($2.37 million) since the launch of Binance’s $NEIRO perpetual contract. Wintermute has become the MM of NEIRO