Crypto Morning News: It is expected that the Federal Reserve will cut interest rates 5-6 times in the next year, and Linea Innovation announced resignations.

Morph will launch a centralized exchange alliance to provide comprehensive support for high-quality projects and developers.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Artificial Super Intelligence Alliance (ASI) proposes to include the Cudos project in its alliance system

According to The Block, the Artificial Super Intelligence Alliance (ASI), formed by the merger of FET, AGIX, and OCEAN, has proposed to include the distributed AI computing project Cudos in its alliance system. The proposal currently requires community voting for approval. If this integration is approved, the Cudos token will merge with the alliance's cryptocurrency FET.

Regan Capital's Chief Investment Officer: It is expected that the Federal Reserve will cut interest rates 5-6 times in the next year

Regan Capital's Chief Investment Officer Skyler Weinand stated, "August's CPI 'met expectations, allowing the Federal Reserve to continue cutting interest rates at its September meeting, albeit by a smaller margin of only 25 basis points." He said that this data has opened the door for the Federal Reserve to address the continuously rising unemployment rate. Weinand expects the Federal Reserve to cut interest rates five to six times in the next year. CME's Federal Reserve observation tool shows that after the inflation data was released, the likelihood of a 25 basis point interest rate cut by the Federal Reserve next week increased from 71% to 85%, and the likelihood of a 50 basis point cut decreased from 29% to 15%.

Chromia's native staking will go live on September 24, allowing staking of CHR tokens

Blockchain platform Chromia announced that the "MVP" mainnet phase will end on September 30, after which the network will officially be called the "Chromia mainnet." At the same time, Chromia's native staking feature will go live on September 24. After the native staking goes live, users can stake CHR tokens on Chromia, Ethereum, and Binance Smart Chain, with a staking annualized return of 10%, plus network fee sharing. Stakers need to delegate to service providers on the Chromia mainnet, and rewards will be automatically distributed daily in native CHR form. Withdrawals still require a two-week waiting period.

Existing stakers should visit the new staking page as soon as the new system goes live and delegate their stakes. The old EVM staking system will stop distributing rewards on September 28, 2024, and users have 6 months (until April 1, 2025) to claim any unclaimed EVM rewards.

Linea co-founder Marco Monaco announces resignation, project may face major transformation

Linea co-founder and Chief Growth Officer Marco Monaco officially announced his resignation via social media.

Monaco revealed that he resigned from Consensys in mid-June and officially left the project after the EthCC conference in mid-July.

Regarding the project's development direction, Monaco had differences with Consensys leadership. After careful consideration, both parties agreed that the best development path for Linea would no longer include Monaco.

In the future, Consensys and MetaMask teams will fully take over Linea's development.

Binance Labs announces investment in Telegram trading mini-app Blum

According to an official announcement, Binance Labs has announced its investment in the fifth project of the seventh season of the Most Valuable Builder (MVB) program on the BNB Chain: the Telegram trading mini-app Blum, which focuses on leveraged meme coins and new tokens.

Earlier, on August 22, Binance Labs announced investments in the four top-performing projects in the seventh season of the BNB Chain MVB program, including Aggregata, Opinion Labs, SideKick, and Vooi.

OKX Ventures announces strategic investment in Castile, the first AAA-level placement card game in the fantasy Cthulhu world on Aptos

On September 11, OKX Ventures announced the completion of a strategic investment in the Castile project developer Nytro Lab. Nytro Lab not only innovates the "Play and Trade" business model, attracting gold farming players with a curious Cthulhu game style, but also allows for the upgrade and flexible trading of equipment and items required in different terrains such as dungeons, shaping sustainable digital asset returns for players in the long term.

Nytro previously achieved the best results in the North American Tiktok buying test in the same category. Castile conducted public testing at 20:00 on September 10, Beijing time, with two highly social underground city experiences, limited-time open boss alliance raids, and elite bidding races. The story background presented by Castile is based on the magical Cthulhu next-generation world, with an AAA RPG card + MMO + Roguelike style. Under the realistic aesthetics of the hero characters, the game's NFT equipment and non-krypton gold card drawing experiences add to the narrative of web3 games. With a 90% player retention rate in previous tests, the community has shown its approval of the game.

Solana network fees hit a six-month low, possibly due to a decrease in Pump. fun activity

According to the latest data, Solana network fees have dropped to the lowest level in six months.

On August 31, the average daily network fee for Solana was approximately 3800 SOL, and as of September 6, it had slightly rebounded but still remained at around 4000 SOL per day.

This data is in stark contrast to the performance in the second quarter of 2024, when the average daily network fee easily exceeded 10,000 SOL.

Morph will launch a centralized exchange alliance to provide comprehensive support for high-quality projects and developers

Global consumer-grade public chain Morph plans to launch a centralized exchange alliance as an industry initiative encompassing top CEXs. The alliance aims to support all outstanding and promising blockchain projects and developers. Currently, leading CEXs including Bitget, HTX, MEXC, and Poloniex will be key components supporting ecosystem development.

The involved CEXs will receive high-quality project channels reviewed and approved by the Coalition's Integration Committee, reducing the resource allocation required for project discovery and due diligence. Projects approved by the Integration Committee will have the opportunity to be directly showcased to participating exchanges, and these exchanges will independently make all listing decisions.

Grayscale: Sui Trust is now open to qualified investors seeking to invest in SUI

Grayscale announced on social media that its Sui Trust (Grayscale Sui Trust) is now open to qualified investors seeking to invest in SUI.

Crypto Morning News: It is expected that the Federal Reserve will cut interest rates 5-6 times in the next year, and Linea Innovation announced resignations.

Yesterday's Market Dynamics

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