Here's a quick recap of the most important developments:
1. Powell's announcement on interest rate cut
Federal Reserve Chairman Jerome Powell made it clear that the recent 50 basis point rate cut should not be interpreted as a signal for more aggressive cuts in the future. Instead, he emphasized that the next rate cut would likely be smallerâaround 25 basis points. This surprised markets, which had been expecting more aggressive quantitative easing measures.
2. Review of Japan's Cryptocurrency Regulations
Japan has indicated that it will review its cryptocurrency regulations, a move that could lead to a more friendly tax environment for cryptocurrency investors and potentially pave the way for the launch of a cryptocurrency ETF in the country. The review is seen as a positive step for cryptocurrency traders in Japan, as it could attract more institutional interest and expand market access.
3. Trump's DeFi platform WLFI whitelist opens
Former President Trumpâs DeFi platform, WLFI, has opened registration for its whitelist. To join, users are required to complete a Know Your Customer (KYC) process. The whitelist is open to both non-US residents and accredited investors in the US. This could draw significant attention to the platform as it begins to gain traction in the DeFi space.
4. $EIGEN is set to list on major exchanges
Several major centralized exchanges have announced the upcoming listing of $EIGEN, with the token unlock scheduled for September 30 at 4 AM UTC. Listing times are set for major exchanges, including Bybit at 4 AM, Binance at 5 AM, and OKX at 6 AM (UTC). Anticipation is building around this token launch, and it could be a big event for traders.
5. $ENA Governance Proposal for Ethereal Exchange
A new governance proposal has emerged for the Ethereal Exchange, a decentralized exchange (DEX) based on the USDe token. The Ethena team has revealed plans to deploy liquidity on other DEXs such as Hyperliquid. Additionally, $sENA holders are expected to receive 15% of Etherealâs governance tokens, which could strengthen their influence over the platformâs development.
6. StormX ($STMX) Merges with EARNMrewards
StormX has announced a merger with #EARNMrewards, revealing plans to swap $STMX tokens for $EARNM. This strategic move has the potential to expand the utility and rewards ecosystem, giving token holders more earning potential on both platforms.
