Hot picks for September 12th
1. The U.S. CPI data in August recorded 2.5%, lower than the expected 2.6% and the previous value of 2.9%, prompting the Federal Reserve to raise expectations for an interest rate cut.
2. CME Fed Watch shows that the probability of the Fed cutting interest rates by 25 basis points in September has risen to 79%, and the probability of cutting interest rates by 50 basis points is 21%.
3. The debate between Trump and Harris triggered risk aversion in the cryptocurrency market, causing Indodax to face a loss of US$20 million.
4. Wingbits flight tracking DePIN protocol raised US$3.5 million, and the funds will be used to expand its network based on the Solan blockchain.
5. Bitcoin has a downward pin phenomenon, and the current permanent price is $56470.80. The price may rise. Please pay attention to your position.
6. Blackstone’s Bitcoin ETF holds about 2% of the total supply of Bitcoin, showing the continued interest of institutions in Bitcoin.
7. The British government submitted a bill to Parliament proposing to classify crypto assets such as Bitcoin and NFT as personal property.
8. CleanSpark spent US$27.5 million to acquire 7 Bitcoin mining facilities in Tennessee, which is expected to increase the hash rate by more than 22%.
9. Matter Labs, the developer of ZKsync, poached Meghan Hughes, the former vice president of marketing of the Solana Foundation, to enhance the strength of its marketing team.
10. The CFTC announced the establishment of a partnership to combat cryptocurrency “pig-killing” scams and strengthen investor protection.
11. Ford and Toyota have submitted a large number of patent applications in blockchain technology, showing that the automotive industry attaches great importance to blockchain technology.
12. Yesterday, 10 Bitcoin ETFs had a net inflow of US$44.32 million, and 9 Ethereum ETFs had a net outflow of US$3.72 million, showing changes in market capital flows.
13. The British government hopes to formally define encrypted assets as a new form of property and further clarify the legal status of digital assets.
14. After the US presidential debate, Trump-related stocks and cryptocurrency concept stocks generally fell, showing the market's response to political uncertainty.
15. The ProShares Bitcoin Strategy ETF fell 2.7%, showing weakness in the market performance of cryptocurrency-related stocks.
