1. MicroStrategy has purchased $1.1 billion worth of BTC in the past month, demonstrating strong confidence in the Bitcoin market.
2. BTC dropped to around $62,300 in the early morning and then rebounded to around $65,600, with a 5% increase.
3. The cryptocurrency industry's political donations for the 2024 U.S. election have reached $190 million, a significant increase from $15 million in 2020.
FOX reporter Eleanor Terrett posted on social media that, according to Breadcrumbs.app data, the cryptocurrency industry's political donations for the 2024 U.S. election have reached $190 million so far. In contrast, cryptocurrency donations for the 2020 election amounted to only $15 million. -Original
4. U.S. Political Prediction Market: Carl's court victory may become one of the most important rulings in history.
This week, Judge Jacobb of the District Court for the District of Columbia made a favorable ruling in the case of Kalshi, a prediction market, suing the U.S. Commodity Futures Trading Commission. As professionals in this field, we believe that Judge Jacobb's ruling may be one of the most important in the history of prediction markets. -Original
5. U.S. economic data does not support a significant interest rate cut by the Federal Reserve, and there is still disagreement in the currency market regarding the magnitude of the first interest rate cut by the Federal Reserve.
Birgit Henseler, an analyst at the German Central Cooperative Bank, stated that there is still disagreement in the currency market regarding the magnitude of the first interest rate cut by the Federal Reserve, ranging from 25 basis points to 50 basis points. However, there are several reasons indicating that the Federal Reserve should not take significant action. In a report, she stated, "There is no evidence from either labor market data or recently released inflation rates to suggest the need for a significant interest rate cut." Henseler said that the labor market situation indicates an economic slowdown rather than a recession, and the core inflation rate has recently proven to be more stubborn than many market participants expected, due to rising housing and other service costs. -Original
6. The probability of a rate cut by the Federal Reserve next week has reached 79%, which may benefit the cryptocurrency market.
Click the link to join the live broadcast: https://meeting.tencent.com/p/7890471408 What significant impact does the Federal Reserve's interest rate cut have on the cryptocurrency industry? Since cryptocurrencies are priced in U.S. dollars, an interest rate hike or cut by the Federal Reserve directly affects the value of the dollar. A rate hike usually strengthens the dollar, increasing the cost of purchasing cryptocurrencies and negatively impacting their prices, while a rate cut may lead to a depreciation of the dollar, reducing the cost of purchasing cryptocurrencies and positively impacting their prices. Therefore, the greater the probability of a rate cut, the more favorable it is for cryptocurrencies. Of course, there are many factors influencing cryptocurrency price trends, with a focus on two: first, news, and second, technical aspects. I will now look at the technical aspects. BTC Technical Analysis The monthly closing of BTC in August was not very favorable, leading to a downward trend in September, falling to around $53,000. After the weekly closing, there was a rebound, but there are no signs of stabilization yet. After the daily golden cross, it rebounded to around $59,000, suppressed by the Bollinger Band's midline. It would require great courage to break through, or it would require a stimulus from news. If the rate cut is successful next week, there is a high probability of a surge to $65,000, so we await this eagerly. ETH Technical Analysis Compared to BTC, Ethereum is relatively weaker. After the monthly closing in early September, it has been hovering around the monthly midline, with a trading range of 2300-2400, fluctuating within a hundred points. Although there have been rebound waves on the weekly and daily charts, they have not even touched the daily midline. The main reason is that major institutions and large holders are selling, and it seems that there may have been a major incident unknown to the public, as institutions are very sensitive. Currently, the key is whether 2300 can be held. After the rate cut, there may be a surge to around 2500-2800. In the market's downward trend in the second half of the year, we deeply understand the meaning of "novices die in a one-way market, while veterans die in a fluctuating market." So, how should we respond to the fluctuation and the rate cut? Zhao Yun, who has 8 years of practical trading experience in the cryptocurrency industry, will provide a detailed analysis. Welcome to join the live broadcast! Join the Three Kingdoms Academy communication group to receive more services: 1. Real-time analysis (online one-on-one problem solving and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading systems 4. Daily live courses, contract analysis, real-time trading, to help you succeed. Tencent Meeting ID: 789-047-1408 QQ Group ID: 271175137 Disclaimer: The above content represents the author's personal views, is for communication and sharing purposes only, does not represent the position and views of AICoin, and does not constitute any investment advice. Any investment or external contact based on this is unrelated to AICoin, and the consequences are at your own risk. -Original
7. Ethereum Foundation researcher Danny Ryan resigns for personal reasons, making room for other opportunities.
Ryan attributed his resignation to personal reasons and making room for other opportunities. As a developer, Ryan served as the lead coordinator for upgrades, such as the launch of the Beacon Chain in 2021, which is the first step in Ethereum's transition to proof of stake. -Original
8. The U.S. SEC's stance on the cryptocurrency bill SAB-121 has softened, allowing banks to custody client assets in a "bankruptcy isolation" manner.
In a recent speech, Mont, the Chief Accountant of the U.S. Securities and Exchange Commission (SEC), seemed to have made concessions in Staff Accounting Bulletin 121 (SAB-121), which restricts banks from providing digital asset custody services to clients. According to analysis by Son, the head of Galaxy Research, Mont proposed some exemptions, allowing bank holding companies and introducing brokers to circumvent the custody provisions of SAB-121. If banks obtain written permission from state regulators to custody client assets in a "bankruptcy isolation" manner, clearly define standards in contracts, and conduct regular risk assessments, they can avoid the reporting requirements of SAB-121. Introducing brokers can also be exempt from the requirements of SAB-121 by meeting three conditions. Brokers cannot hold clients' private keys, cannot act as third parties in transactions, and cannot act as agents of introducing brokers. Finally, introducing brokers must obtain a legal opinion proving that they are an introducing broker that meets the exemption conditions for digital assets. BlockBeats previously reported that on July 11, the U.S. House of Representatives voted on whether to overturn "President Joe Biden's veto power over the resolution related to SAB 121," but it did not pass, and the SEC's cryptocurrency accounting policy remains unchanged. -Original
9. BTC breaks through the $60,000 mark, currently trading at around $59,931.10.
OKX-BTC/USDT is currently trading at $59,931.10, with a 2.55% increase in the past 24 hours. Please note the market fluctuations. Note: Monitoring across multiple platforms, the current price is not specific to this trading pair. -Original
10. The on-chain activity of Aptos has reached a historical high, but suspicions about bot activity still exist.
Aptos has a monthly active address count of up to 5.4 million, and last month's user transaction volume also reached a record high of 578 million times. The following is an excerpt from The Block's data and Insight Communication. -Original
11. Lily Liu, Chair of the Solana Foundation, will deliver a keynote speech at TOKEN2049 on September 18th.
According to the TOKEN2049 official website, Lily Liu, Chair of the Solana Foundation, will deliver a keynote speech at the DWF Labs venue from 10:00 to 10:15 on September 18th Beijing time. -Original
12. U.S. stock market closing: Nasdaq rose 0.65%, S&P 500 index rose 0.54%.
At the U.S. stock market closing, the Dow rose 0.72%, Nasdaq rose 0.65%, and the S&P 500 index rose 0.54%. -Original
13. ETH trading volume soared 10 times, with a 24-hour trading volume of $50.15 billion, and a 3.35% increase.
The trading volume of Binance ETH/USDT perpetual contract surged 10 times in the past 10 minutes, with a trading volume of $50.15 billion in the past 24 hours, and a 3.35% increase. A surge in trading volume generally indicates increased market trading activity or large-scale buying and selling operations, possibly due to significant market changes or news announcements. -Original
14. Sam Bankman-Fried appeals to overturn the conviction of FTX fraud.
The above are selected hotspots from the past 24 hours. For faster news, please download AICoin (aicoin.com).
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