The market is in shock! ETHFI airdrop, RMB exchange rate approaching 7.0 mark, Coinbase bets on Solana chain!
The ether.fi Foundation announced that the third quarter ETHFI airdrop query is now online, and applications will be officially opened on September 23. The airdrop frenzy is coming! Coinbase makes a big move and will run cbBTC on the Solana chain, announcing the further rise of the Solana ecosystem. Bank of America said that the expected end of the Fed's balance sheet reduction has been postponed to the end of March 2025, which will have a profound impact on market liquidity. The RMB exchange rate against the US dollar is approaching the 7.0 mark, and the USDT OTC exchange rate has dropped to 6.94. Market risk aversion has intensified, and the demand for stablecoins is booming. Is Bitcoin ETF about to explode? The head of strategy at Bitwise revealed that once BlackRock’s Bitcoin spot ETF options are approved, Bitcoin may experience an explosive rise. Once Three Arrows Capital and Alameda Research's WLD is unlocked, it is expected to take three years to be fully sold, which will have a long-term impact on WLD market supply and demand. This week, the U.S. Bitcoin spot ETF saw a net inflow of US$397 million, a significant return of funds, while the Ethereum spot ETF saw a net outflow of US$26.2 million. The trend divergence deserves attention. Breaking news! "Former Chinese richest man Changpeng Zhao is about to be released from prison" was among the top five searches on Baidu, and the market speculated that its movements would affect the future development of Binance. BONK announced that it will launch BONK ETP in the United States with the intention of creating a new investment product. Magic Eden announced that the ME token will be listed on Solana, once again injecting vitality into the Solana ecosystem. Musk met with the President of El Salvador. Although cryptocurrency was not mentioned, market speculation about cooperation trends behind it attracted attention. Shezmu announced that it had recovered 282.18 ETH, but warned that if the remaining funds were not recovered within 24 hours, it would be reported to legal authorities. BingX has partially resumed currency withdrawal services. Full recovery is expected to take 1-2 weeks. Exchange users need to pay attention to its progress.
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