● Cryptocurrency Fear and Greed Index rose to 29, the level changed from extreme fear to fear
According to BlockBeats, on September 8, Alternative data showed that today's cryptocurrency panic and greed index was 29, compared with 23 yesterday, indicating that market panic has temporarily eased.
● US Ethereum spot ETF had a net outflow of $91.1 million this week
According to BlockBeats, on September 7, according to Farside Investors data, the US Ethereum spot ETF had a cumulative net outflow of US$91.1 million this week, of which Grayscale ETHE had a net outflow of US$111 million.
● Grayscale's total holdings fell below $20 billion
According to BlockBeats, on September 7, according to Arkham monitoring, Grayscale's total holdings fell below $20 billion, reaching $18,812,280,846.26. Grayscale's main holdings include: 259,741 BTC, equivalent to $13.96 billion; 2.176 million ETH, equivalent to $4.84 billion; 562,588 LPT, equivalent to $6.06 million; 123,867 AVAX, equivalent to $2.61 million; 262,965 UNI, equivalent to $1.61 million.
● El Salvador celebrates 3rd anniversary of Bitcoin adoption, holds 5,865 BTC
According to Cointelegraph, El Salvador celebrated the third anniversary of Bitcoin adoption, becoming the first country in the world to use Bitcoin as legal tender since September 7, 2021. El Salvador invested by purchasing 1 Bitcoin per day and currently holds 5,865 Bitcoins, worth more than $318 million. According to the Nayib Bukele Portfolio Tracker website, the country's Bitcoin investment has earned more than $31 million.
According to Odaily Planet Daily, QCP Capital posted on its official channel that after the release of non-agricultural data, the market initially reacted positively, driving risk assets up. But as the market digested the expectation of a 50 basis point rate cut in September, bullish sentiment turned sharply. After the release of non-agricultural employment data, the market expected a 50 basis point rate cut with a probability of 55%. As of yesterday morning, the market expected the probability of a 25 basis point rate cut to rise to 70%, and the probability of a 50 basis point rate cut fell back to 30%. Even if cryptocurrencies fell, the options market was relatively calm. Even a large amount of put option selling was seen throughout the trading session. We observed that front-end volatility was declining as the spot consolidated over the weekend.
According to Odaily Planet Daily, Sota Watanabe, CEO of Startale Labs, said that after the application for the incubation program of Sony Blockchain Soneium Spark test network was opened, more than 150 applications were received within 24 hours. The application will be closed before September 30.
