• Powell said that the recent 50bp rate cut should not be interpreted as a sign that future rate cuts will be aggressive, but rather that the next rate cut will be smaller(25bp). This is contrary to market expectations for more aggressive QE.
• Japan is set to review its regulations on crypto. This could mean a lower crypto tax rate and the possible opening of a crypto ETF in Japan.
• Trump's DeFi platform WLFI opens whitelist registration; participants must undergo KYC and are eligible for non-US residents and US accredited investors.
• $EIGEN - Today, several CEXs have announced the listing of $EIGEN. $EIGEN is scheduled to unlock at sept 30th 4am UTC. Listing times on major cex > Bybit: 4am, Binance: 5am, OKX: 6am (UTC)
• $ENA - A governance proposal for Ethereal Exchange, a USDe-based DEX, has appeared. Ethena team has mentioned plans to place liquidity on other DEXs, including Hyperliquid. Additionally, holders of $sENA are allocated 15% of the Ethereal governance tokens.
• $STMX - StormX merges with #EARNMrewards and announces plans to swap $STMX for $EARNM.
✔ Interest rate decisions will be made from meeting to meeting. ✔ There are risks associated with both inflation and the labor market. ✔ Over time, the Fed's monetary policy will shift toward a more neutral stance if the economy develops in line with expectations. ✔ The US economy is in a stable state – we intend to support it. ✔ We have made significant progress towards restoring price stability without a painful rise in unemployment. ✔ The 50 bp rate cut reflects growing confidence that the corresponding recalibration of monetary policy can support labor market resilience and the disinflation process. ❗️The Fed will NOT "aggressively" cut interest rates. ✔ Inflation is on a steady path towards the 2% target. ✔ The labor market is generally balanced.
🔓 TOP token unlocks from September 30 to October 6!
▫️ #SUI - $146.77 million ▫️ #OP - $59.25 million ▫️ #IMX - $55.72 million ▫️ #DYDX - $12.08 million ▫️ #WLD - $9.90 million ▫️ #PRIME - $7.71 million ▫️ #GAL - $6.96 million
• FTX is rumored to be distributing $1.6B to creditors today. but this is unconfirmed and pending court approval on Oct 7. $FTT $LUNA $USTC
• Remixpoint, a Japanese publicly traded power company, has announced that it has purchased crypto assets worth ¥750m(~$5.25m). They bought 64.4 $BTC, 130.1 $ETH, 2,260.5 $SOL, and 12,269.9 $AVAX.
• $EIGEN - Following the announcement made by the Eigen Foundation last week, EIGEN's transfer limits will be removed today. $ALT $ETHFI $REZ $LDO
• #MOODENG - Bybit mentioned Moo Deng on its X channel, hinting at a possible listing.
• $SUI's bull run continues, breaking through the $1B TVL and reaching the ATH of TVL. $NAVX $CETUS $SCA
• $FTM $S - Sonic Labs launched Arcade, a game page with an allotted 200m $S airdrop.
• $FB $SATS - Fractal Bitcoin's PizzaSwap will launch today, as scheduled.
• $STMX - StormX co-founder Simon Yu has been teasing a major update on the merger, and over the weekend he teased today's announcement.
• $GFT - Gifto mentioned that there's a big surprise coming soon on X channel.
🗞️ Liberated Man CZ Breaks Silence With First Tweet Post-Prison, BNB Price Soared Then Tanked Along With Market-Wide Drop 🗞️ Mark Zuckerberg Crowned Fourth Richest with Over $200 Million Fortune – Is the Expansion into Metaverse and AI the Key? 🗞️ US media: Is Trump’s return really a panacea for the surge in cryptocurrency? 🗞️ Mystery of the Divine Fish: How Whale CZSamSun Lost 12,000 WETH in a Shocking Heist!
Bitcoin is currently trading within a descending broadening wedge pattern, with price action moving just below the resistance trendline of the wedge. The Ichimoku Cloud is providing critical support beneath the price, indicating a potential buildup for the next move.
A solid breakout above the wedge's resistance could signal a new peak for Bitcoin, especially if the breakout is accompanied by strong volume and momentum.
This breakout would mark a bullish shift, with the Ichimoku Cloud serving as a foundational support level to confirm a sustained rally toward higher levels.