Headlines
Data: Since September, the Ethereum Foundation has sold 950 ETH worth $2.27 million
According to Spotonchain monitoring, since the beginning of September, the Ethereum Foundation has sold 950 ETH (worth $2.27 million) at an average price of $2,392, with sales taking place every 4-7 days.
Magic Eden: ME Token to be launched on Solana
According to SolanaFloor, Magic Eden announced the launch of the ME token on Solana at the Solana Breakpoint event. It also announced an upcoming feature that will allow users to trade assets across multiple chains. This includes the ability to trade assets such as Bitcoin Runes with Solana NFTs, thereby enhancing cross-chain trading capabilities.
The RMB exchange rate against the US dollar is approaching the 7.0 mark, and the USDT over-the-counter exchange rate has dropped to 6.94
With the Fed's interest rate cut, both the onshore and offshore RMB exchange rates strengthened, approaching the 7.0 mark. At 4:59 am Beijing time on the 21st, the offshore RMB against the US dollar was 7.0421, up 295 points from the New York closing price on Thursday; as of the close of 16:30 on the 20th, the onshore RMB against the US dollar was 7.0552, up 108 points from the previous trading day.
Project News
UniSat: PizzaSwap will be launched on Fractal mainnet on September 30
According to the official announcement, UniSat said PizzaSwap will be launched on Fractal on September 30, and will support assets bridged by Bool Bridge and SimpleBridge. On September 25, UniSat will open source the index implementation of brc-20 on Fractal. In addition, the team said that it has evaluated UniSat Wallet's support for CAT20 and will announce the integration as soon as the engineering implementation of the protocol is finalized next week.
LogX: The airdrop query interface is now online, and the claim will be open at 14:00 on September 24th
LogX, an on-chain perpetual contract exchange, announced on X that the airdrop query interface is now online. Claiming and staking will be opened simultaneously at 6:00 UTC on September 24 (14:00 Beijing time). The LogX Foundation will bear all costs of claiming and staking, and users do not need to pay any handling fees.
Squads Protocol v5 development work started, and it is planned to be launched on Solana mainnet within this year
According to official news, Solana Ecosystem Multi-Signature Protocol Squads recently announced the official start of development of Squads Protocol v5, the next generation version of SVM smart accounts, designed to accelerate the adoption of smart accounts and account abstraction on Solana and SVM. In 2025, the activation of Solana runtime features will increase CPI limits, making smart accounts a focus on the Solana chain. To meet this shift, Squads is designing Squads v5 to enable developers to build wallets, DeFi applications, and payment solutions that provide seamless login, strong security, and an intuitive user experience.
Solana Ecosystem Mapping Network Hivemapper is Selling Data to Three of the Top Ten Global Map Makers
According to information shared by SolanaFloor on X, Hivemapper, the decentralized map network of the Solana ecosystem, stated at the Solana Breakpoint 2024 conference that it is selling data to three of the top ten map makers in the world.
Hamster Kombat Completes Season 1 Snapshot, Launches Interlude Event Ahead of Season 2
Hamster Kombat posted on X yesterday that it has completed the Season 1 snapshot, which will serve as the basis for token distribution, and will conduct TGE on September 26. Hamster Kombat marks all pre-airdrop activities as Season 1. The team revealed on social media that a new phase called Interlude has begun, "Interlude Season is a warm-up before Season 2 and will last for a few weeks." Although the official did not reveal more relevant details, it said that users who participate in the Interlude Season will gain advantages and will "come in handy" in Season 2. (Bitcoin.com)
PancakeSwap’s 4th Anniversary: Cumulative Trading Volume Reaches $836 Billion, Serving Over 43 Million Unique Addresses
PancakeSwap posted on X that today is its fourth anniversary, during which the cumulative transaction volume reached 836 billion US dollars, served more than 43 million independent addresses, supported 9 chains, and the TVL was 1.67 billion US dollars. In addition, PancakeSwap v4 is about to be launched.
Sanctum to Launch Creator Coins, Cloud Cards, and Wonderland Season 2
According to SolanaFloor, Solana Ecosystem LST Protocol Sanctum Co-Founder FP Lee announced at the Solana Breakpoint Conference that it will launch "Creator Coins", allowing anyone to build, grow and profit from their communities. Sanctum will also work with BasedApp and Jupiter to launch the world's first SOL card "Cloud Card", which will support users to use SOL and stablecoins in more than 100 countries. At the same time, it also announced that Wonderland Season 2 will also be launched.
ether.fi Foundation: ETHFI airdrop query for Season 3 is now online, and claims will open on September 23
The ether.fi Foundation posted on the X platform that the ETHFI airdrop query for the third quarter is now online, with the snapshot taken on September 15. Eligible eETH re-staking users can claim the airdrop from September 23 to 27.
Polkadot: Polkadot 2.0 is being promoted, and asynchronous support and Agile Coretime are online
Polkadot published a post on the X platform stating that Polkadot 2.0 is being promoted. Currently: asynchronous support has been launched; Agile Coretime has been launched; elastic expansion is in progress.
Character*Voice
Senior analyst: Bitcoin to gold exchange rate may rise by more than 400% next year
Peter Brandt, a veteran chart analyst and founder of Factor Trading who successfully predicted the 2018 Bitcoin crash, said that by 2025, the Bitcoin-to-gold ratio could rise by more than 400%.
Brandt cites classic technical chart analysis to support his extremely bullish outlook. Based on a technical pattern called the Inverted Head and Shoulders (IH&S), this pattern forms when prices form three consecutive troughs, with the middle trough (called the head) being deeper than the other two troughs (called the left and right shoulders). This pattern forms below a common support line (called the neckline). The IH&S pattern disappears when prices break through the neckline on rising volume. At this point, prices rise by an amount equal to the maximum distance between the neckline and the deepest point of the head.
Bank of America: The current market reaction to the Fed's 50bp rate cut seems to be following the script of "soft rate cut" or "panic rate cut"
Hartnett, a well-known strategist at Bank of America, pointed out that the current market reaction to the Fed's 50 basis point rate cut seems to be following the script of "soft rate cut" or "panic rate cut".
U.S. stock and credit markets are digesting the expectation of a 250 basis point rate cut by the Federal Reserve and an 18% earnings growth for S&P 500 index components by the end of 2025. "The risks are not much better, so investors are forced to chase" the rally, and "bubble risks" are making a comeback. As for the reason for this carnival rally, Hartnett explained in his latest report that when there is no panic (at least not yet), Wall Street likes "panic rate cuts" the most.
Vitalik: “Reducing L1 slot time” is worth discussing, but it needs to be done carefully to avoid hurting independent stakers
Bankless founder David Hoffman wrote on X that, in a sense, the rollup-centric roadmap has been "completed". Current progress includes the launch of 4844, DA, and cheap L2. The primary optimization focus in the future will be L1.
Vitalik Buterin responded: “I don’t think it’s a priority issue. The next step for DA is peerdas, and the people working on that are almost completely disconnected from the people working on SSF or EVM execution improvements.
I do think it’s a premature declaration of victory that ‘the rollup-centric roadmap is complete’. We are only 1.3x usage peak away from full blobs (= 21,600 blobs/day). We need to launch peerdas and start scaling safely in parallel with L1 improvements.”
Arthur Hayes: PENDLE was sold to fund special situations
Arthur Hayes, co-founder of BitMEX, posted on the X platform that his family office fund is reducing PENDLE holdings. But even after the reduction, it is still one of Arthur Hayes' largest holdings. He still fully believes that PENDLE will become a leader in crypto interest rate derivatives. At the same time, he said that the reduction in positions is to fund special circumstances. Those who pay attention to their wallets will see the specific situation in the near future.
