Original author: Koala, Mars Finance
U.S. stocks hit a new record high, MicroStrategy rose 9.04%
On September 20, Wall Street traders bet that the Federal Reserve would be able to achieve a soft landing, which stimulated a rebound in riskier areas of the market and U.S. stocks hit new all-time highs. The S&P 500 rose 1.7% on Thursday, setting its 39th record high since 2024 and extending its gains this year to around 20%. The Nasdaq 100 rose 2.6%. The S&P 500 broke through 5,700 points and the Dow Jones Industrial Average broke through 42,000 points, both setting new highs. In terms of cryptocurrency concept stocks, Coinbase rose 3.44% and MicroStrategy rose 9.04%.
Grayscale Bitcoin Mini Trust received about 44 BTC 6 hours ago, worth more than $2.8 million
According to Arkham monitoring, about six hours ago, the Grayscale Bitcoin Mini Trust Grayscale: Bitcoin Mini Trust tagged address received 44.338 BTC transferred from the Coinbase Prime hot wallet address, worth approximately US$2.82 million.
Cosmos: Hydro will be launched soon, ATOM stakers will be rewarded for participating in voting
Cosmos Hub announced on the X platform that the cross-chain auction platform Hydro will be launched in October. ATOM stakers can participate in voting without decompression to get incentives. According to the announcement, users need to convert the staked ATOM into LSM shares first, then transfer LSM to Neutron, lock LSM shares in Hydro to get voting rights, and each participation in the proposal vote will receive incentives. The fewer people who choose the same option, the higher the reward.
Today, the top 100 cryptocurrency tokens by market value rose across the board, with POPCAT up 37.37% and SEI up 28.68%.
According to Mars Finance, according to Coinmarketcap data, the top 100 tokens in the cryptocurrency market today rose except for LEO (down 0.33%).
Among them: Popcat (POPCAT) rose 37.37% and is currently priced at $0.9011;
Sei (SEI) rose 28.68% and is now priced at $0.3385;
Celestia (TIA) rose 23.74% and is now priced at $6.21;
Wormhole (W) rose 22.61% and is now priced at $0.2353.
Bittensor (TAO) rose 21.42% and is now priced at $372.63.
THORChain (RUNE) rose 17.94% and is now priced at $4.55;
dogwifhat（WIF）up 17.85% and now trades at $1.73;
Aptos (APT) rose 16.94% and is now priced at $6.69;
Beam (BEAM) rose 16.36% and is now priced at $0.01691.
The Graph (GRT) rose 15.72% and is currently priced at $0.1564.
"Trump buys burgers with Bitcoin" concept coin BURGER market value exceeds 4.5 million US dollars
According to market information, the market value of Ethereum ecosystem Meme coin BURGER exceeded 4.5 million US dollars, and the trading volume of the token reached 15 million US dollars in 18 hours after it was launched. Today, it was previously reported that former US President Trump used Bitcoin to buy cheeseburgers at PubKey, a Bitcoin-themed bar near New York University. BlockBeats reminds users that Meme coins have no actual use cases and their prices fluctuate greatly, so users need to invest with caution.
Ethereum Pectra hard fork confirmation will be executed in two steps
According to CoinDesk, Ethereum developers confirmed that the hard fork Pectra will be split into two parts to minimize the risk of missteps. Pectra is expected to be Ethereum's largest hard fork to date. Core developers decided to include a total of 8 Ethereum Improvement Proposals (EIPs) in the first package, including EIP-7702, which aims to improve the user experience of wallets. The second package will be modified in the coming months, but it may currently include proposals aimed at changing the Ethereum virtual machine (called EOF), while introducing a feature called PeerDAS, which improves data availability sampling, ultimately benefiting L2 blockchains.
Core executives: Bitcoin income ETF to be launched in the United States within five years
According to Decrypt, Rich Rines, an initial contributor to the Bitcoin staking Layer-1 network Core, revealed that the company plans to enter the US ETF market within the next five years. Rines said: "We launched the world's first yield-based Bitcoin ETP on the Frankfurt Stock Exchange in June this year, with the goal of launching an ETF in the United States as soon as possible if regulation permits." The ETP provides a 5.65% yield through non-custodial Bitcoin staking. Messari's report shows that as of the second quarter of 2024, the total locked volume (TVL) of the Core platform DeFi increased by 1032% year-on-year to US$76.4 million, mainly due to its non-custodial Bitcoin staking product launched in April.
The Fed’s 50 basis point rate cut ignites the crypto market: Bitcoin leads the gains, ETF inflows surge, is the bull market restarting?
The Federal Reserve cut interest rates by 50 basis points, bringing new vitality to the sluggish cryptocurrency market. Bitcoin prices rose, public chain sectors rose across the board, and NEIRO hit a new high. The interest rate cut is beneficial to the risk asset market, and it is expected that there will be room for another 70 basis points of interest rate cuts this year. Bitcoin spot ETFs continue to attract capital inflows, and market confidence has rebounded. Historical data shows that Bitcoin has achieved positive returns in the past nine years except October 2018. The market expects that a new round of bull market is about to start, and Bitcoin may become the preferred asset for investors to fight inflation and seek safe havens.
The next cryptocurrency to break out: Dymension, Axelar, UXLINK, Nervos Network
The altcoin market is promising, and investors should be cautious as Bitcoin strives to return to its all-time high. Dymension (DYM) has attracted much attention due to its cross-chain communication protocol, and is expected to rise by 350% in the medium term. Axelar (AXL) has risen in price after partnering with a well-known company. Crypto All-Stars (STARS) has revitalized the meme coin field through its innovative feature MemeVault, and is expected to add more popular tokens in the future. $STARS acts as a reward multiplier to increase returns. Nervos Network (CKB) has seen the highest increase in the past 24 hours and may grow further. The project integrates layer 1 and layer 2 modules and is one of the few niche chains that can be mined. CKB's price has risen by more than 113% in the past week, and its daily trading volume has doubled, and it may continue to grow.
Vitalik Token 2049 speech full text: Ethereum needs to maintain the values of open source and decentralization while meeting the needs
Vitalik Buterin gave a speech at the TOKEN2049 conference, pointing out that the crypto space has entered a mature stage and Ethereum needs to meet the needs of mainstream adoption while remaining open source and decentralized. He mentioned the decline in Ethereum fees and the launch of EIP-1559, which improved transaction speed and user experience. Cryptocurrency is popular in Argentina, but fees and user experience are still factors. Ethereum solves the problem of long transaction confirmation time through technical improvements, and digital concrete can build virtual castles to protect communities and cultures. Multi-signature wallets protect against centralized malicious behavior, and the Web3.0 world diversifies trust. Ethereum mainnet improvements will drive the development of cryptocurrency in the next decade.
Fed rate cut: economic slowdown or precursor to recession?
The Federal Reserve is about to cut interest rates, sparking investor interest and stock market speculation. The rate cut could be a response to a slowing economy or fears of a recession, and the market is concerned about its ambiguous attitude. A 50 basis point rate cut could be seen as a move of desperation or caution, with labor market and political factors also influencing the decision. The September 18 meeting will provide key indications on the Fed's capabilities and the U.S. economy, and investors are closely watching every signal. Meanwhile, Bitcoin's dominance is increasing.
