#加密货币 Evening sorting

a. Transportation stocks fell rapidly, while unemployment began to rise. Since 1970, whenever the transportation sector weakened rapidly, a recession often followed soon after. At the same time, consumer stocks also performed poorly, indicating that#USconsumers are weakening. When consumers are weak, households will cut spending, which will slow the economy and increase the possibility of recession. Some economic-related sectors (such as housing construction) are still resilient, which suggests that the United States still has some time before a full-scale recession hits (Figure 1)

b. PCE year-on-year inflation remains stable #美联储 has all the data for rate cuts. Of course, some small rate cuts will not have a positive impact on Bitcoin. Overall, financial conditions are already quite loose, so this will not produce a step change. The reasons are explained in detail in this article: https://reurl.cc/ReqR6G

c. Data covering 29,597 emerging market funds show that stock funds have experienced outflows for the 12th consecutive week, with a net amount of US$419 million, and investors have turned to#bondfunds $1.04 billion was injected, the largest amount in seven weeks (Figure 2)

d. August #以太坊 The on-chain lending market liquidation reached $436 million, the second highest in history $ETH The 22% price plunge played a big role, accounting for $289 million on Aave

e. The number of daily active addresses of Celo stablecoins is showing a strong upward trend and may soon surpass Tron. Stabila is working with major players such as Valora and Trust Wallet to further promote adoption (Figure 3)

f. AI-powered 2024 presidential campaign predictions, chatbots now support Harris instead of Trump

g. Bitcoin #BTC Short-term holders have sold 642,366 coins since mid-August $BTC It seems that they are all cutting their losses and leaving the market. Some people say that the collapse of the stock market will benefit risky assets. What do you think about this?

h. Comparison of altcoins #比特币 has been bleeding. Compared with the previous few days, the trend of#altcoinhas improved slightly (Figure 4)