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Starting from 2021, Address has been accumulating BABYDOGE, with current unrealized gains of $1.77 million.

According to TheDataNerd, Address MrLUbd has accumulated 1.72 billion BABYDOGE over 3 years, worth $1.37 million (average cost of $0.0000000008). The current Holdings value is $3.14 million (Return on Investment 228%).

View: If the Fed cuts interest rates by 25 basis points this week, the gold price may face a small pullback in the short term.

Gold may face a slight pullback in the short term if the Fed chooses to cut interest rates by 25 basis points this week, according to Goldman Sachs. However, it is expected to reach new record highs shortly after as funds flow into gold ETFs.
Gold ETFs are expected to attract Western funds as a result of the Federal Reserve's interest rate cut, a factor that has been largely absent during the past two years of gold's significant gains, according to Goldman Sachs analysts Lina Thomas and Daan Struyven. They reiterated Goldman Sachs' forecast that gold prices will rise to $2,700 per ounce in early next year. Goldman Sachs economists expect the Federal Reserve to cut interest rates by 25 basis points on Wednesday. In this basic forecast scenario, gold prices may experience some tactical pullback, but it is expected that as the Federal Reserve enters a loose cycle, gold ETFs will gradually attract funds, thereby driving up gold prices.

Gate.io launches GTMining, with an expected annualized yield of 13.5%

Gate.io recently launched GT Mining service, supporting users to stake platform Token GT for Mining. Data shows that the expected Annual Percentage Rate (APR) for GT Mining can be as high as 13.5%, with a total staked value of over 30 million USD within 48 hours of launch.
It is understood that the GT Mining service has a relatively low entry threshold. Users can stake 1GT to participate in mining, and support stake and redemption at any time, with relatively flexible fund management. In addition, the platform distributes mining profits daily and provides 100% reserve guarantee to ensure the safety of user assets.
Gate.io recently launched the SOL Mining service, supporting stake for instant interest accrual. Users can start earning profits on the same day as staking. Compared to traditional SOL liquidity Mining, the redemption mechanism is more flexible, reducing user wait time effectively and improving capital utilization efficiency.
The new SOL Mining service has a relatively low entry barrier, with a minimum investment amount as low as 0.1 SOL, and daily distribution of Mining earnings, with 100% reserve fund guarantee provided.

Viewpoint: If the interest rate is cut by 50 basis points next week, it may trigger market risk aversion.

According to Coindesk, 10x Research believes that if the Federal Reserve cuts interest rates by 50 basis points (bps) on September 18, the originally bullish liquidity easing cycle may have adverse effects on risk assets including cryptocurrencies.
It is reported that a 50 basis point adjustment usually indicates the urgency of controlling inflation and triggers risk aversion in the financial markets. A 50 basis point rate cut next week may mean intensified concerns about the economy, or a feeling of falling behind in addressing the upcoming economic slowdown, leading to investors reducing their exposure to risk assets such as Bitcoin (BTC) and stocks.
10x Research founder Markus Thielen said, "While a 50 basis point rate cut by the Federal Reserve may signal increased market concerns, the Fed's primary focus will be on mitigating economic risks rather than managing market reactions."

ParaFi Capital will tokenize $1.2 billion fund

Digital asset management company ParaFi Capital announced that it will on-chain its part of the $1.2 billion investment portfolio on Avalanche through the Securitize platform for tokenization.
This is the company's first attempt at fund tokenization, offering a portion of its latest venture capital fund equity. Through tokenization, investors can buy and sell these tokenized shares on digital platforms. #OM# #TRU#  

The probability of a 50 basis point rate cut by the Federal Reserve in September has risen to 41%.

According to CME's 'FedWatch': the probability of a 25 basis point rate cut by the Fed in September is 59%, and the probability of a 50 basis point rate cut is 41%.
The probability of the Federal Reserve's cumulative interest rate cuts reaching 50 basis points by November is 26.4%, the probability of a cumulative interest rate cut of 75 basis points is 50.9%, and the probability of a cumulative interest rate cut of 100 basis points is 22.6%. #BTC#

Analysis: The decrease in Bitcoin reserves in CEX and the increase in stablecoin reserves lay the foundation for an upward breakthrough.

CryptoQuant analyst Tarek On-Chain stated on social media that "Bitcoin reserves on exchanges are significantly decreasing, a trend that usually indicates a price increase. The decrease in Bitcoin reserves on exchanges means a decrease in selling pressure, as investors transfer Bitcoin to cold wallets, reducing the available supply on the market. Historically, this transfer has often been accompanied by price peaks, suggesting that a similar situation may be occurring."
Meanwhile, the stablecoin reserves of the exchange are increasing, indicating that investors are preparing to enter. Stablecoins represent capital that can be deployed at any time, and the increase in reserves indicates that traders are waiting for the right opportunity to enter the market. This growth indicates a strong buying interest in the market.
The combination of a decrease in Bitcoin reserves and an increase in stablecoin reserves has laid the foundation for a price breakthrough. With a decrease in Bitcoin supply and increased purchasing power, the market is ready for a potential uptrend. Historically, this supply-demand imbalance often leads to significant price increases.
The decrease in Bitcoin reserves and the increase in stablecoin reserves indicate a bullish outlook for Bitcoin. With market supply tightening and purchasing power accumulating, we may see a breakthrough in price in the coming weeks. Investors should remain vigilant and focus on potential market uptrend opportunities.

View: short-term bullish, but it will take more time for Bitcoin to break through its historical high

Famous Cryptocurrency analyst Willy Woo posted on social media that "Short-term: timing signal is bullish fluctuation for 1-3 weeks."
Medium-term: Since the Halving in April, the supply-demand relationship has been bearish, but a reversal pattern may have started to emerge in the past 4 weeks (not yet confirmed), and more time is needed for BTC to break through the historical high.
Macro: Risk signals confirm lower lows, BTC is not in a Bear Market, but is waiting in a mode of re-accumulation.」

If BTC breaks through $60,000, the cumulative short order liquidation amount of mainstream CEX will reach 7.32 billion.

According to Coinglass data, if BTC rises above $60,000, the cumulative short order liquidation intensity of mainstream CEX will reach 7.32 billion.
On the contrary, if BTC falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 12.03 billion.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to the adjacent liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that there will be a more intense reaction due to the Liquidity wave after the price reaches this point.

Grayscale: Sui Trust is now open

Grayscale posted on social media that its Grayscale Sui Trust is now open to accredited investors seeking to invest in SUI.

View: on-chain costs show that BTC faces significant selling pressure above $61,000, with $55,600 being an important support level

CryptoQuant analyst @tugbachain stated that the on-chain cost indicates significant selling pressure for BTC between $61,000 and $72,000. In addition, $55,600 is an important support level, and if it falls below this point, the market will 'deepen its decline'.

Powell may seek a unanimous vote to cut interest rates, even significantly.

Fed Chairman Powell is likely trying to get everyone to support at least a 25 basis point rate cut at the meeting later this month. However, due to the recent weakness in the labor market, Powell and others may push for a larger rate cut. Kathy Bostjancic, senior vice president and chief economist at Nationwide, said in an email, "Powell doesn't need consensus at the upcoming September meeting to start cutting rates, but he may be more inclined to do so, especially on the first cut."
Betsey Stevenson, a former Labor Department economist, wrote on social media that "Consensus has always been a way to prevent the Fed from being politicized, and if I had been at the FOMC, I think I would have prioritized Consensus." Dan North, senior economist at Allianz Trade Americas, said of whether Powell would be able to secure consensus for a larger rate cut: "It's going to be difficult. There's going to be a lot of opposition, and that's going to look bad."
Swonk wrote: "Powell is more concerned about the labor market than his colleagues. He wants to achieve a soft landing. The question is, will he push for a 50 basis point rate cut and how much opposition is he willing to accept to achieve this goal."

Analyst: The significant increase in USDT holdings on trading platforms since August may indicate a rise in buying interest.

Analyst Yonsei_dent said that since August 2024, the holding volume of USDT stablecoin on the trading platform has been increasing rapidly. This change is worth noting compared to the relatively stable USDT holdings from March to July this year.
Analysis indicates that the influx of stable coins into trading platforms is interpreted as a signal of increased buying interest, which may have a positive impact on encryption currency prices. However, an increase in holdings does not necessarily lead to price increases. If the market trend is unclear or the global economic situation is difficult, for risk aversion considerations, there may be no purchases made. #BTC#

The net supply of ETH increased by 15576 coins in the past 7 days.

According to Ultrasound.money data, the net supply of ETH increased by 15,576 in the past 7 days, with a supply increase of approximately 18,267 ETH, and 2,691 ETH was destroyed through the burning mechanism.
The total supply of ETH has reached 120,335,949 ETH, with a current annual growth rate of 0.675%.

APT, XAI, and RENDER will face a one-time large unlocking this week.

According to Token Unlocks data, this week APT, XAI, and RENDER will undergo a one-time large-scale unlock of Token, releasing a total value of over 72 million US dollars, including:
Xai (XAI) will unlock 35.88 million Tokens on September 9th at 17:30, worth about $6.36 million, accounting for 6.27% of the circulation.
io.net (IO) will unlock 2.11 million Tokens, worth approximately $3.31 million, accounting for 2.22% of the circulating supply, on September 11th at 8:00.
Aptos (APT) will unlock 11.31 million tokens worth about $66.16 million at 18:00 on September 11, accounting for 2.32% of the circulating supply;
Render (RENDER) will unlock 760,000 tokens worth about $3.59 million, accounting for 0.19% of the circulation, at 20:00 on September 14.

Presto Research: Recently, the market has been dominated by macro factors and has overlooked the fundamental value of BTC.

According to CoinDesk, the market suddenly fell after the release of the job report on Friday, and over 220 million US dollars worth of cryptocurrency long positions were liquidated. In today's report, Presto Research analysts Peter Chung and Min Jung stated that 'BTC is severely undervalued, and recent macro factors have dominated the price discussion of BTC, with the market overlooking one of the key fundamentals that support the value of BTC - network security.' 'Computing Power has reached a historic high of 679 EH/s, making it the most secure network to date.' They added, 'If you believe that this trend will continue, then BTC currently seems to be severely undervalued.'
Lucy Hu, a senior analyst at Metalpha, said, "It seems that the lower-than-expected employment data is currently dominating market sentiment, as widespread assets have fallen since the data was released on Friday. We expect the cryptocurrency market to experience high fluctuation until the next Federal Reserve meeting."

Ethereum turns to POS for two years, with a performance lagging behind Bitcoin by 44% during the same period.

According to the analysis report by CryptoQuant, since switching to the Proof of Stake network, Ethereum has underperformed Bitcoin by 44% during the same period. Analysts suggest that due to weakened network activity and increased supply, Ethereum may further decline. Next week marks the two-year anniversary of Ethereum's transition to the Proof of Stake network, and despite the approval of the Ethereum Spot ETF in the United States on July 23, Ethereum's performance continues to lag behind Bitcoin, with the ETH/BTC Exchange Rate currently at 0.0425, the lowest level since April 2021.
CryptoQuant research director Julio Moreno said, 'Since the merger, Ethereum has underperformed Altcoins such as Solana and BNB, falling behind by 53% and 18% respectively.' CryptoQuant analysts added that Ethereum is still above the undervalued zone. We estimate that based on the Exchange Rate calculated with BTC, Ethereum needs to fall to around 0.02, a 50% fall, to enter the undervalued zone.
CryptoQuant analysts also emphasized the supply dynamics that are unfavorable to the price of Ethereum: 'Since early April, shortly after the latest Dencun upgrade, the total supply of Ethereum has been rising continuously. The current total supply is 120,323,000, the highest level since May 2023.'

Fed megaphone: Surging unemployment rate may garner broader support for 50bp rate cut

"Fed's megaphone" Nick Timiraos said Friday is the last day before Fed officials enter the pre-meeting blackout period. Fed's Williams and Fed governors Waller are scheduled to speak after the release of the employment report, which is the final opportunity to set expectations for the upcoming meeting. With the rise of the economy and the slowdown in inflation, it is more reasonable for the Fed to lower the Interest Rate from the current 5.3% to around 4.5%.
If there are no signs that the weakness in July's employment will persist into August, some Federal Reserve officials may resist a 50 basis point rate cut. But officials who held an open attitude towards a rate cut at the July meeting may support a 50 basis point rate cut in September if the unemployment rate jumps again, and employment further slows, they will receive broader support.