2024.8.24 Industry News

•Today's Greed Fear Index is 56

•Fed Chairman Powell said that the time has come for policy adjustments, triggering market expectations of rate cuts.

•The Fed expects to cut interest rates by about 200 basis points at each of the next three meetings

•Russia plans to launch two crypto exchanges and will launch a new stablecoin pegged to the RMB

•At the close of U.S. stocks, the Nasdaq closed up 1.47%, the Dow Jones Industrial Average rose 1.14%, and the S&P 500 rose 1.15%.

•U.S. ETF, spot Bitcoin ETF: GBTC net outflow of $35.6 million; BITB net inflow of $42.3 million; BTC net inflow of $50.8 million; EZBC no inflow or outflow Spot Ethereum ETF: ETHE net outflow of $9.8 million; ETHW net inflow of $1.4 million; ETH, EZET no inflow or outflow

•In the past 24 hours, the entire network has blown up $178 million, mainly short orders

•CME released a weekly report on cryptocurrency holdings, showing that BTC holdings increased by 6.29% month-on-month, and ETH holdings increased by 7.32% month-on-month

•The total market value of cryptocurrency is $2.28 trillion, with a 24-hour increase of 4.70%

•OpenAI hired former Meta executives to lead strategic planning

•Bank of America: Dovish Powell's speech still did not endorse a 50bp rate cut

•Kraken must face the US SEC's lawsuit against its cryptocurrency exchange registration

•Grayscale launches AVAX investment trust Grayscale Avalanche Trust

•The US dollar index DXY fell below 101, with a daily decline of 0.49%;

•Federal Reserve mouthpiece: Powell's policy shift has been completed

•io.net launched a staking plan, and block rewards can be obtained by staking devices in the IO network

•USDC Treasury minted a total of 212,782,139 USDC during the early hours of today, of which 50,000,000 USDC were minted about four hours ago, and 162,782,139 USDC were minted about two hours ago#美联储降息周期 $BTC $YGG