Compilation: Fairy, ChainCatcher
Important Information:
Bitget and Foresight Ventures Announce $30 Million Strategic Investment in TON Blockchain
Swiss Stock Exchange Explores Launching Cryptocurrency Exchange
Google Cloud Launches New Blockchain RPC Service Fully Compatible with Ethereum JSON-RPC Standard
Fed to Announce Interest Rate Decision at 2:00 AM on Thursday
Borderless Capital Launches $100 Million DePIN Fund, Backed by Peaq, Solana Foundation, and Others
Insiders Say UK Digital Bank Revolut Plans to Launch Stablecoin
"What Important Events Have Happened in the Past 24 Hours"
ChainCatcher Announces Support for English, Japanese, and Korean Language Switching, Completes App Upgrade
ChainCatcher announced support for English, Japanese, and Korean language versions and completed an app upgrade recently.
Previously, ChainCatcher had completed deep integration with the leading Web3 asset data platform RootData.
In the future, ChainCatcher will support more languages to provide users with a one-stop Web3 information and data service.
Bitget and Foresight Ventures Announce $30 Million Strategic Investment in TON Blockchain
Bitget and Foresight Ventures announced a $30 million strategic investment in the TON blockchain. This investment aims to strengthen projects based on Telegram, with a focus on click-to-earn games such as Hamster Kombat and Notcoin.
Bitget and Foresight stated that with this new investment, they plan to "participate more deeply in the governance and future development plans of the TON blockchain." The statement mentioned, "This investment will be allocated through the acquisition of TON tokens."
Institutions such as Bank of America, Goldman Sachs, and Morgan Stanley Predict Fed Will Cut Interest Rates by 25 Basis Points Tonight
According to Jin10, financial institutions including Bank of America, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, DBS Bank, and Citibank predict that the Fed will cut interest rates by 25 basis points tonight, and the dot plot will be the focus of the market's attention.
Arthur Hayes: Cryptocurrencies May Plunge Days After First Fed Rate Cut, Central Bank Era Is Over
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated during an interview with CoinDesk at the Token2049 conference in Singapore that the Fed is about to announce its first rate cut since 2020, but risk assets (including cryptocurrencies) may plunge in the days following the rate cut.
Hayes believes that the rate cut is a bad decision because inflation is still an issue in the United States, and reducing borrowing costs will exacerbate inflation. In addition, the narrowing of the US-Japan interest rate differential may lead to a significant appreciation of the yen, triggering unwinding of yen carry trades. Hayes expects US interest rates to eventually drop from the current 5.25%-5.5% to near-zero levels.
He agrees with Scottish market strategist Russel Napier's view that the central bank era is over, and politicians will take over and direct banks to create liquidity in specific areas of the economy. Hayes stated that in this scenario, cryptocurrencies will become the only globally portable asset that allows investors to escape the system.
Borderless Capital Launches $100 Million DePIN Fund, Backed by Peaq, Solana Foundation, and Others
Borderless Capital has launched its third DePIN fund, which has received $100 million in support. The fund's investors include blockchain projects focused on DePIN such as Peaq, as well as the Solana Foundation and Jump Crypto. Borderless Capital has launched its third DePIN fund, which has received $100 million in support. The fund's investors include blockchain projects focused on DePIN such as Peaq, as well as the Solana Foundation and Jump Crypto.
Álvaro Gracia, partner at Borderless Capital, stated: "DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and creating tens of billions of dollars in passive income, while providing users with convenient access and lower costs."
Insiders Say UK Digital Bank Revolut Plans to Launch Stablecoin
According to Coindesk, London-based financial technology company Revolut, which provides cryptocurrency trading, plans to issue its own stablecoin. (Revolut was valued at $45 billion earlier this year)
According to two insiders, the company obtained a banking license in the UK in July and has made significant progress in creating a stablecoin.
BitGo to Launch US Dollar Stablecoin USDS in January Next Year
According to CoinDesk, BitGo plans to launch the US dollar stablecoin USDS in January 2025, offering incentives to institutions providing liquidity to the network. USDS is backed by short-term Treasury bills, overnight repurchase agreements, and cash support.
Swiss Stock Exchange Explores Launching Cryptocurrency Exchange
According to the Financial Times, Switzerland's largest stock exchange, SIX Swiss Exchange, is exploring the establishment of a cryptocurrency trading platform in Europe and considering leveraging its reputation and Switzerland's advanced crypto laws to attract large traditional investors with an increasing interest in trading digital assets.
Bjørn Sibbern, Global Head of Exchanges at SIX Group, stated, "Cryptocurrencies are increasingly becoming a recognized asset class." He added that the company is researching the creation of "a platform that allows us to facilitate trading, whether it's (spot) cryptocurrencies or derivatives."
Donald Trump Listed as "Chief Crypto Advocate" in World Liberty Financial Whitepaper
Campbell Harvey, a finance professor at Duke University, commented on Trump's announcement of the launch of the crypto project World Liberty Financial, stating, "This move is consistent with Trump's policy stance supporting cryptocurrencies. Saying you support crypto is one thing, starting a company in this field is another."
The X Spaces event yesterday, which lasted for over two hours, did not reveal specific details about the project or when it will go live, but did confirm the issuance of the digital token WLFI, which will play a role in business management. However, Americans must be verified accredited investors to purchase it. The event also covered a range of other topics, such as stablecoins, tokenization, accessing credit, and digital payment services.
Prior to Trump's hosting of this X Spaces event, the World Liberty Financial whitepaper listed Donald Trump as the "Chief Crypto Advocate," Eric Trump and Donald Trump Jr. as "Web3 Ambassadors," and 18-year-old Barron Trump as the "Chief DeFi Visionary." A disclaimer in the document stated that the company is "not owned, managed, operated, or sold by the Trump family," while noting that they may receive compensation.
Google Cloud Launches New Blockchain RPC Service Fully Compatible with Ethereum JSON-RPC Standard
Google Cloud announced the launch of a new blockchain RPC service through its official blog, providing a more convenient way for Web3 developers to interact with blockchain data.
The service is launched with a free package, supporting up to 100 requests per second and a maximum of 1 million requests per day, and it supports the Ethereum mainnet and testnets. It will expand to more blockchains within the next year.
Google Cloud's blockchain RPC service is fully compatible with the Ethereum JSON-RPC standard, and developers can integrate it into their applications with just one line of code.
Google Cloud also plans to hold a webinar on October 10, 2024, to discuss the future development of blockchain RPC products and Web3 portals.
Ethena Opens Second Season Airdrop Quota Inquiry, sENA Goes Live
Ethena announced that it has opened the inquiry for the second season airdrop quota, with the application not yet open (expected on September 30).
At the same time, Ethena also announced the launch of sENA, a liquidity derivative token for ENA, aimed at iterating the original ENA locking mechanism.
Coinbase Adds CoW Protocol (COW) to Listing Roadmap
According to official sources, Coinbase has added CoW Protocol (COW) to its listing roadmap.
Fed to Announce Interest Rate Decision at 2:00 AM on Thursday
The Fed will announce its interest rate decision at 2:00 AM Beijing time on Thursday, but it is still uncertain whether the rate cut will be 25 basis points or 50 basis points. The latest "dot plot" and economic forecasts will also be released at that time.
Before the Fed's interest rate meeting, CME's "FedWatch" indicated a 61% probability of a 50 basis point rate cut in September and a 39% probability of a 25 basis point rate cut.
"What Exciting Articles Are Worth Reading in the Past 24 Hours"
Full Text of Arthur Hayes' Token2049 Speech: Market May Collapse After Rate Cut, but Ethereum Performance May Be Good
"It’s fucking fed day." At Token 2049 held in Singapore on September 18, Maelstrom Fund's CIO Arthur Hayes delivered a keynote speech on the macroeconomic environment, and his first sentence caused a stir in the audience. In the early morning of September 19 Beijing time, the Fed is about to hold an interest rate meeting, which is the most important decision of the year. The Fed's decision on interest rate cuts directly affects the future market direction.
Hayes stated that there is about a 60% to 70% chance that the Fed will choose a 75 or 50 basis point rate cut. Hayes made an interesting prediction about the future of ETH, suggesting that the decline in US Treasury yields may indeed make high-yield tokens more attractive. He likened Ethereum to "internet bonds" and further analyzed its potential. He emphasized the yen multiple times and reminded everyone to pay attention to the exchange rate of the US dollar against the yen, "that's the only important thing."
Full Text of Vitalik's Token2049 Speech: Ethereum Needs to Meet Demand While Maintaining Values of Open Source and Decentralization
Vitalik Buterin, co-founder of Ethereum, delivered a keynote speech titled "What Excites Me About the Next Decade" at the main venue of TOKEN2049, discussing the differences he sees in the current crypto space compared to the past, and bluntly stating, "The current crypto space is no longer in its early stages; Ethereum now needs to meet mainstream adoption needs while maintaining values of open source and decentralization." The following is the original text of Vitalik's speech, as compiled by BlockBeats:
People often say that crypto is still in its early stages, and we are still building infrastructure. Indeed, things like the internet took a long time to materialize, and I think people have been saying this almost since the launch of Bitcoin. The reality challenge we face now is that the crypto space today is no longer in its early stages.
The Ethereum project has been around for over 10 years, and in the 15 years since the birth of Bitcoin, we have seen things like ChatGPT go from non-existent to suddenly emerging, completely changing people's understanding of artificial intelligence.
After CEX Token Listings, How Do Prices Perform?
Getting listed on key CEX platforms is the biggest expectation for many holders waiting for a price increase.
However, listing on a CEX is not always a guaranteed way to make money through qualitative analysis. The timing of entry and exit, the type of tokens held, and many specific decisions determine the size of the final returns.
Therefore, you may want to know the answers to the following questions:
Does getting listed on Binance always mean there will be a wealth effect? Do other CEX platforms not have a wealth effect? How long after listing does the wealth effect start to diminish?
You should have a good idea about these questions.
Last week, research firm Simplicity Group (@SimplicityWeb3) used data to analyze the performance of over 30 tokens listed on Binance, OKX, Bybit, Kucoin, Coinbase, Gate, and MEXC, on these 7 common CEX platforms, one week after listing.
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