● This week, APT, XAI, RENDER and other tokens will unlock more than $72 million
According to Foresight News, Token Unlocks data shows that this week APT, XAI, RENDER and others will have a one-time large-scale token unlocking, with a total release value of over US$72 million.
● The US will release the latest CPI data, and market volatility is expected to be low
According to BlockBeats, on Wednesday, September 9, the United States will release the latest CPI data. Options traders generally expect market volatility to be lower than previously expected for CPI day. As inflation falls toward the Fed’s target and the Fed prepares to cut interest rates, the data is less important to the stock market. Instead, everything is about the weak employment situation and whether the Fed can avoid a hard landing.
Eric Diton, president and managing director of Wealth Alliance, said the key question for stock market investors is whether the Federal Reserve waited too long to cut rates because recession risks are higher now than they were two months ago and suddenly inflation is no longer as big of a concern.
According to Wu, U.S. Treasury Secretary Janet Yellen said she believes the U.S. economy is healthy and that the cooler employment data in recent months is a sign of a soft landing rather than a recession. Yellen said there have been no major layoffs in the U.S. and the economy is "deeply recovering." Yellen tried to calm concerns about the state of the economy on Saturday: "I don't see any red lights flashing."
● Analysis: The US labor market is stable and is expected to achieve a soft landing
According to BlockBeats, on September 9, CICC’s research report pointed out that the decline in the U.S. unemployment rate in August reflected a reversal of temporary unemployment, which was in line with expectations, but the slowdown in new non-farm payrolls indicated that corporate demand for labor was also declining.
The good news is that there are no signs of large-scale layoffs, and the number of people applying for unemployment benefits remains low. This means that the labor market is still stable and has not "fallen off a cliff." Looking forward, the US economy is still expected to achieve a soft landing, but the Fed must also take action. The Fed is more likely to cut interest rates by 25 basis points in September, and may also increase the rate cuts after that depending on the situation.
● The U.S. Bitcoin spot ETF has a cumulative net inflow of US$16.897 billion
According to Odaily Planet Daily, according to Farside Investors data, the US Bitcoin spot ETF has accumulated a net inflow of US$16.897 billion since its launch, of which Grayscale GBTC had a net outflow of US$20.012 billion, BlackRock IBIT had a net inflow of US$20.917 billion, and Fidelity FBTC had a net inflow of US$9.424 billion.
● Russia will mine 54,000 bitcoins in 2023, generating 50 billion rubles in tax revenue
According to Wu, about 54,000 bitcoins were mined in Russia in 2023, worth more than $3 billion, generating about 50 billion rubles in tax revenue for the Russian government. Bezdelov, president of the Russian Industrial Mining Association, believes that the recent legalization of crypto mining will stimulate investor interest and further increase tax revenue. Earlier, Russian President Vladimir Putin signed a bill to formally legalize cryptocurrency mining. Only registered Russian legal entities and individual operators are authorized to mine, but individuals who do not exceed the energy consumption limits set by the government can mine without registration.
● Musk is expected to become the world's first trillionaire in 2027
According to BlockBeats, on September 8, The Guardian cited a report from Informa Connect Academy saying that Musk is expected to become the world's first trillionaire in 2027. The report pointed out that Musk's wealth in Tesla, SpaceX and social media platform X continues to grow at an average annual rate of 110%. He currently has $251 billion. The report also predicts that Indian business tycoon Gautam Adani is expected to become the second trillionaire in 2028, with an annual growth rate of 123%. In addition, Nvidia CEO Huang Renxun and Indonesian energy and mining tycoon Prajogo Pangestu may also become trillionaires in 2028. LVMH CEO Bernard Arnault and Meta CEO Mark Zuckerberg are expected to reach this goal in 2030.
