Arrangement: Fairy, ChainCatcher
Important Information:
Bitget and Foresight Ventures announce $30 million strategic investment in TON blockchain
Bank of America, Goldman Sachs, Morgan Stanley and other institutions predict that the Federal Reserve will cut interest rates by 25 basis points tonight
Swiss Stock Exchange Explores Launch of Crypto Exchange
Google Cloud launches new blockchain RPC service, fully compatible with Ethereum JSON-RPC standard
Coinbase Adds CoW Protocol (COW) to its Listing Roadmap
The Federal Reserve will announce its interest rate decision at 2:00 a.m. Thursday.
ChainCatcher announced that it now supports English, Japanese and Korean language switching and has recently completed the App upgrade
Borderless Capital Launches $100 Million DePIN Fund, Peaq, Solana Foundation and Others Join
UK digital bank Revolut plans to launch stablecoin, people familiar with the matter say
“What important events have occurred in the past 24 hours?”
ChainCatcher announced that it now supports English, Japanese and Korean language switching and has recently completed the App upgrade
ChainCatcher announced that it now supports English, Japanese, and Korean language versions, and has recently completed the App upgrade.
Previously, ChainCatcher has completed deep integration with RootData, a leading Web3 asset data platform.
In the future, ChainCatcher will support more languages and provide users with one-stop Web3 information data services.
Bitget and Foresight Ventures announce $30 million strategic investment in TON blockchain
Bitget and Foresight Ventures announced a $30 million strategic investment in the TON blockchain. The investment is intended to strengthen the development of projects based on Telegram, focusing on click-to-earn games such as Hamster Kombat and Notcoin.
Bitget and Foresight said that with the new investment, they plan to "engage more deeply in TON blockchain governance and future development initiatives." "The investment will be distributed through the acquisition of TON tokens," the statement said.
Bank of America, Goldman Sachs, Morgan Stanley and other institutions predict that the Federal Reserve will cut interest rates by 25 basis points tonight
According to Jinshi, financial institutions including Bank of America, Goldman Sachs, Morgan Stanley, Barclays, Scotiabank, DBS Bank and Citibank predict that the Federal Reserve will cut interest rates by 25 basis points tonight, and the dot plot will become the focus of market attention.
Arthur Hayes: Cryptocurrency may plummet within a few days after the Fed's first rate cut, the era of central banks is over
The Federal Reserve is about to announce its first rate cut since 2020, but risk assets, including cryptocurrencies, could plummet within days of the cut, Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, told CoinDesk in an interview on the sidelines of the Token2049 conference in Singapore.
Hayes believes that cutting interest rates is a bad decision because inflation is still a problem in the United States, and lowering borrowing costs will exacerbate inflation. In addition, the narrowing of the U.S.-Japan interest rate gap may lead to a sharp appreciation of the yen, triggering the unwinding of yen carry trades. Hayes expects U.S. interest rates to eventually fall from the current 5.25%-5.5% to near zero.
He agrees with Russel Napier, a market strategist at Scottish Markets, that the era of central banks is over and that politicians will take over and instruct banks to create liquidity in specific areas of the economy. In this case, cryptocurrencies will become the only asset that is globally portable and allows investors to escape the system, Hayes said.
Borderless Capital Launches $100 Million DePIN Fund, Peaq, Solana Foundation and Others Join
Borderless Capital has launched its third DePIN fund, which is backed by $100 million. Investors in the fund include Peaq, a blockchain focused on DePIN, as well as Solana Foundation and Jump Crypto, among others. Borderless Capital has launched its third DePIN fund, which is backed by $100 million. Investors in the fund include Peaq, a blockchain focused on DePIN, as well as Solana Foundation and Jump Crypto, among others.
“DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and generating billions of dollars in passive income, while providing users with easy access and lower costs,” said Álvaro Gracia, partner at Borderless Capital.
People familiar with the matter: British digital bank Revolut plans to launch a stablecoin
According to Coindesk, Revolut, a London-based fintech company that provides cryptocurrency trading, plans to issue its own stablecoin. (Revolut was valued at $45 billion earlier this year)
The company, which received a U.K. banking license in July, has made considerable progress in creating a stablecoin, according to two people familiar with the matter.
BitGo will launch USDS stablecoin in January next year
According to CoinDesk, BitGo plans to launch the USDS stablecoin in January 2025, which will provide rewards to institutions that provide liquidity to the network. USDS is backed by short-term Treasury bills, overnight repurchases and cash.
Swiss Stock Exchange Explores Launch of Crypto Exchange
Switzerland’s largest stock exchange, SIX Swiss Exchange, is exploring the establishment of a cryptocurrency trading platform in Europe and is considering leveraging its reputation and Switzerland’s progressive crypto laws to attract large traditional investors who have shown an increased interest in trading digital assets, the Financial Times reported.
“Cryptocurrencies are becoming more and more a recognized asset class,” said Bjørn Sibbern, global head of exchanges at SIX Group, adding that the company is looking into creating “a platform that would allow us to help facilitate trading, whether it’s (spot) crypto or derivatives.”
World Liberty Financial white paper lists Donald Trump as “chief crypto advocate”
Campbell Harvey, a finance professor at Duke University, said of Trump’s announcement of the launch of the crypto project World Liberty Financial: “This move is consistent with Trump’s policy stance of supporting cryptocurrencies. It’s one thing to say you support crypto, and it’s another to start a company in this space.”
Yesterday’s more than two-hour X Spaces did not reveal specific details of the project or when it would go live, but did say it would issue digital tokens, WLFI, which would play a role in business management. But Americans must be verified accredited investors to buy them. This time Spaces also touched on a range of other topics, such as stablecoins, tokenization, access to credit, and digital payment services.
Before Trump held this X Spaces, the World Liberty Financial white paper listed Donald Trump as the "Chief Crypto Advocate", Eric Trump and Donald Jr. as "Web3 Ambassadors", and 18-year-old Barron Trump as the "Chief DeFi Visionary". A disclaimer in the document stated that the company was "not owned, managed, operated or sold by the Trump family", while noting that they may receive compensation.
Google Cloud launches new blockchain RPC service, fully compatible with Ethereum JSON-RPC standard
Google Cloud announced the launch of a new blockchain RPC service through its official blog, providing Web3 developers with a more convenient way to interact with blockchain data.
The service is launching with a free tier that supports up to 100 requests per second and up to 1 million requests per day, and supports the Ethereum mainnet and testnet, with plans to expand to more blockchains over the next year.
Google Cloud's blockchain RPC service is fully compatible with the Ethereum JSON-RPC standard, and developers can integrate it into their applications with just one line of code.
Google Cloud also plans to hold a webinar on October 10, 2024 Beijing time to discuss the future development of blockchain RPC products and Web3 portal.
Ethena has opened the second quarter airdrop quota query, sENA has been launched
Ethena announced on X that it has opened the second quarter airdrop quota inquiry, but the application is not yet open (expected to be September 30).
At the same time, Ethena also announced that it has launched ENA's liquidity derivative token sENA, which aims to iterate the original ENA locking mechanism.
Coinbase Adds CoW Protocol (COW) to its Listing Roadmap
According to official news, Coinbase has included CoW Protocol (COW) in its coin listing roadmap. According to official news, Coinbase has included CoW Protocol (COW) in its coin listing roadmap.
The Federal Reserve will announce its interest rate decision at 2:00 a.m. Thursday.
The Federal Reserve will announce its interest rate decision at 2:00 a.m. Beijing time on Thursday, but it has not yet been determined whether the rate cut will be 25 basis points or 50 basis points. The latest "dot plot" and economic forecast will also be released at that time.
Before the Federal Reserve's interest rate meeting, CME's "Fed Watch" predicted that the probability of a 50 basis point rate cut in September was 61%, and the probability of a 25 basis point rate cut was 39%.
"What are the interesting articles worth reading in the past 24 hours?"
Arthur Hayes Token2049 speech full text: The market may collapse after the interest rate cut, but Ethereum may perform well
"It's fucking fed day", at Token 2049 held in Singapore on September 18, Arthur Hayes, CIO of Maelstrom Fund, delivered a keynote speech on the macroeconomic environment, and his first sentence caused screams from the audience. In the early morning of September 19, Beijing time, the Federal Reserve is about to hold an interest rate meeting, which is also the most important decision this year. The Federal Reserve's decision on interest rate cuts is directly related to the future market trend.
Hayes said there is about a 60% to 70% chance that the Fed will choose a 75 or 50 basis point rate cut. Hayes made an interesting prediction about the prospects of ETH, believing that the decline in U.S. Treasury bond rates may indeed make high-yield tokens more attractive. He compared Ethereum to "Internet bonds" and further analyzed its potential. He emphasized the Japanese yen many times and reminded everyone to pay attention to the exchange rate between the US dollar and the Japanese yen, "which is the only thing that matters."
Vitalik 2049 speech full text: Ethereum needs to maintain open source and decentralized values while meeting demand
Ethereum co-founder Vitalik Buterin delivered a keynote speech titled "What Excites Me About the Next Decade" on the first day of the TOKEN2049 main venue. He talked about what he thought was the difference between the current crypto field and the past, and said bluntly that "the current crypto field is no longer in its early stages; Ethereum now needs to meet the needs of mainstream adoption while maintaining open source and decentralized values." The following is the original text of Vitalik's speech, which is organized by BlockBeats:
People tend to say it's still early days for crypto, we're still building the infrastructure. Really, how long did it take for something like the internet to come to fruition, and I think people have been saying that almost since Bitcoin was launched. And one of the real challenges we face now is that it's no longer early days for crypto today.
Ethereum as a project has been around for over 10 years, and in the 15 years since Bitcoin was created, we’ve seen things like ChatGPT go from being completely non-existent to suddenly rising to prominence and revolutionizing the way people understand AI.
How did the prices of various CEX tokens perform after they were listed?
Getting the currency listed on a key CEX is the biggest expectation of many people who hold the currency and wait for it to appreciate.
But in many cases, listing a coin is not something that can make money with just a qualitative analysis. When you enter and exit the market, what type of coin you hold, and many specific decisions determine the size of your final profit.
Therefore, you may want to know the answers to the following questions:
Does listing on Binance mean there will be a wealth effect? Do other CEXs have no wealth effect? How long does it take for the wealth effect to subside?
You should be aware of these issues.
Last week, investment research firm Simplicity Group (@SimplicityWeb3) conducted a detailed statistical and analysis of the performance of more than 30 tokens that have been listed on seven common CEXs, including Binance, OKX, Bybit, Kucoin, Coinbase, Gate and MEXC, one week after listing, using data to speak.
