The Fed Releases Rate Cut Signal, BTC Breaks $60,000

Federal Reserve Chairman Powell delivered a speech at the annual Jackson Hole Economic Policy Symposium, sending a clear signal of interest rate cuts. He stated that the upward risk of inflation has weakened, while the downward risk of employment has increased, indicating that the time for policy adjustments has arrived. Influenced by this Favourable Information, BTC has surged above $62,000 in the short term, reaching a near two-month high.

Grayscale GBTC suffered dumping of 35.6 million dollars by Large Investors

Data shows that yesterday, grayscale GBTC experienced a net outflow of $35.6 million from Large Investors, while grayscale mini BTC fund saw a net inflow of $50.8 million. Analysts believe that this may indicate institutional investors gradually withdrawing from grayscale trust funds and favoring more flexible futures ETF products.

BTCSpotETF yesterday's net inflow of 2.5 billion US dollars

Data shows that BTCSpotETF in the US had a net inflow of approximately 250 million US dollars yesterday, with BlackRock IBIT having a net inflow of 85.38 million US dollars and Fidelity FBTC having a net inflow of 64 million US dollars. Analysts believe that institutional funds are flowing into BTCSpotETF products at an accelerated pace.

Blue Chip NFT series Floor Price collectively pump

The data shows that blue-chip Non-fungible Token series such as BAYC, PudgyPenguins, and Azuki have experienced varying degrees of pump in Floor Price, with BAYC's Floor Price increasing by as much as 19.07% in the past 7 days. Analysts believe that the Non-fungible Token market is recovering, and investor sentiment is improving.

ETH breaks $2700, Decentralized Finance ecosystem regains vitality

The price of Ethereum has surpassed $2700, with a 24-hour increase of more than 4%. At the same time, tokens in the Decentralized Finance ecosystem, such as UNI and QUICK, have also experienced varying degrees of pump. Analysts predict that with the start of the Fed's interest rate cut cycle, the Decentralized Finance ecosystem is expected to make a comeback.

A Whale Cut Loss sold 3900 ETH and lost 3.9 million dollars

According to the monitoring, a WhaleAddress bought 5822 ETH at a price of $3535 in June, and sold 3900 ETH at an average selling price of $2724 yesterday during the ReboundCut Loss, resulting in a loss of $3.9 million.

AltCoin welcomes a comprehensive pump, SUN surged more than 60% within the day

Driven by the strong pump of Bitcoin, Altcoins have seen a comprehensive pump, with SUN rising by as much as 66.98% in a single day, and LQTY, TRB, CKB and others also experiencing gains of over 20%.

USDC Treasury issued over 200 million USDC

Data shows that USDC Treasury issued a total of more than 212 million USDC through two transactions in the early hours of this morning, which may be related to the increased activity in the encryption market.