The news worth noting is:
1. A large amount of macro data shows that the US economy has begun to slow down, and the cost of US debt is also reaching a new high. The Federal Reserve may cut interest rates for the first time on September 18, and the market expects that the probability of a rate cut in September has exceeded 95%.
2. Bitcoin spot ETFs have had net inflows for 6 consecutive days, with 5,410 bitcoins flowing into the last trading day. This shows that incremental funds from US investors are continuing to enter the market.
3. According to data, Bitcoin whales increased their holdings by a total of 71,000 BTC, worth about US$4.3 billion, when the market price fell last week. This means that the whales not only ate up the chips sold by the German government, but also ate up the chips sold by retail investors due to panic.
4. Solana's "Trump Attack" MEME concept coin FIGHT has risen more than 42 times since its launch, with a trading volume of US$11.44 million. At the same time, FIGHT on Ethereum has risen more than 100 times since its launch, with a trading volume of US$6.31 million.
According to the forecasting website Polymarket, the probability of Trump being elected as the US president in 2024 has risen to 70%, setting a new record high. Biden's probability of being elected is only 18%.
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