● U.S. non-farm payrolls increased by 142,000 in August, lower than expected

According to Odaily Planet Daily, the seasonally adjusted non-farm payrolls in the United States increased by 142,000 in August, compared with expectations of 160,000. The previous value was revised from 114,000 to 89,000. This increase is the largest since June this year.

● Federal Reserve Board member Waller: If the data supports it, we will support continuous or substantial rate cuts

According to Jinshi, Fed Governor Waller said that if the data supports continuous rate cuts, then I think continuous rate cuts are appropriate. If the data shows that a larger rate cut is needed, then I will also support it.

● The crypto market panic and greed index dropped to 22, and the market sentiment was extremely fearful

According to ChainCatcher, Alternative data shows that the crypto market panic and greed index has dropped to 22 (29 yesterday), and market sentiment is currently in "extreme fear."

● Grayscale GBTC had a net outflow of US$52.9 million yesterday, and ETHE had a net outflow of US$10.7 million

According to BlockBeats, on September 7, according to Farside Investors monitoring, Grayscale GBTC had a net outflow of US$52.9 million yesterday, and ETHE had a net outflow of US$10.7 million. In addition, Grayscale Mini BTC had a net outflow of US$5.5 million, and Mini ETH had a net inflow/outflow of 0.

● WisdomTree withdraws S-1 registration document for Ethereum Trust

Asset management firm WisdomTree has requested to withdraw its Ethereum Trust S-1 application with U.S. regulators, which it originally submitted three years ago, Cointelegraph reported.

WisdomTree confirmed in a filing with the U.S. Securities and Exchange Commission (SEC) that no securities were issued or sold and requested that the fees paid be used for future purposes. The application was originally filed in May 2021 and planned to list Ethereum (ETH) ETF shares on the CBOE BZX exchange.

On the same day, asset management company VanEck announced that it would close its futures-based Ether ETF because spot cryptocurrency ETFs accounted for inflows. VanEck said the reasons for closing the fund included performance, liquidity, assets under management, and investor interest. Shares of the VanEck Ethereum Strategy ETF (EFUT) will stop trading on September 16, and fund assets will be liquidated and returned to investors around September 23.

● Binance Research: Global cryptocurrency market value fell 13.1% in August, NFT sales fell 10.7%

According to Binance Research, the total market value of the global cryptocurrency market fell by 13.1% in August 2024, mainly due to global macroeconomic concerns and weak unemployment data in the United States. In early August, due to the interest rate hike by the Bank of Japan, the global stock market and crypto market experienced a flash crash, with a single-day liquidation of more than $819 million, but the market began to recover after Federal Reserve Chairman Powell hinted that interest rates might be cut in September. NFT market sales fell 10.7% to $383 million in August. Despite the overall market downturn, CryptoPunks still had sales of $18 million. At the same time, game NFTs such as Guild of Guardians and Sorare performed well, with trading volumes rising by 151.2% and significant growth respectively. In addition, the total locked volume (TVL) of DeFi fell by 15.8%, but the TVL of chains such as Sui and Symbiotic still increased.

● Binance Kazakhstan becomes the first digital asset platform to obtain full regulatory approval from AFSA

According to Binance's information announcement, Binance Kazakhstan has officially obtained the approval of the Astana Financial Services Authority (AFSA) and obtained a full regulatory license. Binance Kazakhstan has completed all necessary steps, including a series of internal and external audits and regulatory inspections. In the future, Binance Kazakhstan will be authorized to operate a virtual asset trading platform and provide a variety of virtual asset-related services.

● Mitsubishi UFJ Bank and others will pilot a stablecoin platform to promote cross-border transfers

According to BlockBeats, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank will pilot a stablecoin platform "Project Pax" to facilitate cross-border transfers. The platform is supported by Progmat, which issues stablecoins, SBI Holdings and Japan Exchange Group. The project is operated by Progmat, Datachain and TOKI, and plans to use SWIFT's bank API framework to settle on the blockchain network, solve anti-money laundering and compliance challenges, and reduce investment costs. "Project Pax" will start with a prototype and aims to be commercialized by 2025.