Preface:
Bitcoin and Ethereum have dropped by 2.01% and 2.64% in the past 24 hours, currently priced at $63,176 and $2,593, with the ETH/BTC rate remaining stable at 0.04. The Crypto Fear & Greed Index stands at 50, indicating a neutral sentiment.

Market Trending

The market saw a minor correction yesterday, with Bitcoin falling from its high of $64,800, and altcoins experiencing a general 5% decline. On Friday, the U.S. will release the August Personal Consumption Expenditure (PCE) index. With the rate cut already in place, the importance of inflation data has somewhat diminished, given the Federal Reserve’s growing focus on balancing its dual mandate. However, an unexpected rise in inflation could introduce greater uncertainty regarding the easing policy path following the first rate cut, as resistance and uncertainty loom around the goal of 2% inflation.
In terms of market hotspots, Bitcoin’s drop from its high of $64,800 has led the overall cryptocurrency market to a slight pullback, currently hovering around $63,000. Public Chain Sector: SUI saw its rally halt after doubling in value last week, with its ecosystem’s memecoins taking some traffic from the broader Meme trend. Tokens like BLUB are currently hot; Meme Sector: Veteran memecoins like WIF, PEPE, and DOGE saw a slight pullback after rising with the overall market. However, memecoins with Mars-related concepts, such as TERMINUS and MARS, have been trending strongly, reaching new market cap highs; AI Sector: The AI sector saw a general increase, with tokens like WLD, SAI, AIT, and NETMIND showing significant gains, with WLD hitting a new monthly high.

Spot Bitcoin ETF Flows

Yesterday, U.S. Bitcoin spot ETFs saw a net outflow of $78.53 million, including $47.41 million from ARKB, $33.19 million from FBTC, and a net inflow of $2.07 million into BITB. Other Bitcoin ETFs did not see any significant inflows or outflows.
On the other hand, U.S. Ethereum spot ETFs saw a net inflow of $33.85 million yesterday, with $26.63 million flowing into ETH and $6.45 million into FETH.

Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s hot project is WLD, with a 24-hour increase of 12.81%.
Worldcoin (WLD) is a global digital identity project co-founded by OpenAI CEO Sam Altman, aiming to establish a comprehensive global financial and identity network. At its core is World ID, a privacy-protecting global identity network that allows users to verify their uniqueness online using biometrics while safeguarding privacy with zero-knowledge proofs. Last week, Worldcoin announced the launch of its new facial recognition feature in testing, making online verification of human identity more secure. Additionally, World ID’s Orb verification was launched in three new countries this week: Guatemala, Malaysia, and Poland. The project’s advancement, combined with strong AI sector growth, has pushed WLD’s price up by 12.81% in 24 hours, reaching a high of $2.177.

Check Out the Latest Prices, Charts, and Data of WLD/USDT Spot and WLDUSDT Perp!

The Word on the Street

Vice President Harris stated that the U.S. should maintain “dominance” in the blockchain space and reaffirmed her support for digital assets.
On September 26, The Block reported that U.S. Vice President Kamala Harris emphasized in her speech at the Pittsburgh Economic Club that under her leadership, the U.S. would “recommit” to maintaining global leadership in defining the next century, particularly in areas like AI, quantum computing, blockchain, and other emerging technologies. Until last weekend, Harris had remained silent on cryptocurrency during her campaign. However, at a recent Wall Street fundraising event in Manhattan, she indicated that AI and cryptocurrency are part of her vision for an “opportunity economy.”
Harris said at the fundraising event, “We will encourage innovation in areas such as AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.” She reiterated this in her 80-page economic plan on Wednesday.
VanEck analysts said the outcome of the November elections could be a mixed bag for cryptocurrency. They noted, “While Harris and Trump are both bullish on Bitcoin, both administrations could have more nuanced effects on the broader digital asset market. Both governments are likely to maintain fiscal spending, if not accelerate it further, which could lead to more quantitative easing—especially if anti-business policies intensify.” They pointed out that Harris’s presidency could be more favorable to Bitcoin, as it would “accelerate many structural issues driving Bitcoin adoption.”

Project Funding

AminoChain completed a $5 million seed round, becoming a16z’s first “DeSci” project.
On September 26, according to official sources, AminoChain announced the completion of a $5 million seed funding round, led by a16z, making it the first “DeSci” (Decentralized Science) project funded by a16z.
AminoChain is building a Layer 2 blockchain protocol connecting corporate healthcare institutions, along with decentralized healthcare applications built on the protocol. The first application built on AminoChain is a biosample marketplace, allowing researchers to query and license samples through a network of biobanks. Patients can track the usage of their samples, learn from new insights generated from their samples, and even earn money when those samples are sold.