【Blockchain News】🚀

In the past 24 hours, Bitcoin and Ethereum rose by 1.32% and 1.04% respectively, and the prices stabilized at around $55,100 and $2,312, with obvious short-term support levels. At the same time, the U.S. unemployment rate in August was in line with expectations, and the non-farm payrolls data was slightly lower than expected, which increased the probability of the Fed's interest rate cut in September to 70%.

In terms of blockchain dynamics, Ether.fi's revenue in August reached $2.19 million, of which 5% will be used to repurchase ETHFI and LP mining; OORT updated the token economic model, extending the team token unlocking period to six years, and enhancing decentralization and transparency. Fractal Bitcoin is also online on the mainnet, and 80% of the tokens will be allocated to the community.

The overall market sentiment tends to be cautious, and the three major U.S. stock indexes all fell, and the fear and greed index fell to 29, indicating that the market is in a state of panic. Popular tokens such as BTT, CVC and AVAX rose by 17.9%, 15.0% and 5.6% respectively in the past 24 hours, showing a certain degree of activity.

What do you think of the future direction of the market? Feel free to share your thoughts in the comments section!