Daily Report | ChainCatcher has supported language switching for English, Japanese, and Korean; The Federal Reserve will announce its interest rate decision; Bitget and Foresight Ventures invest $30 million in TON
September 18 News Overview整理：Fairy，ChainCatcher
Important News:
- Bitget and Foresight Ventures announce a strategic investment of $30 million in the TON blockchain
- Bank of America, Goldman Sachs, Morgan Stanley, and other institutions predict the Fed will cut rates by 25 basis points tonight
- The Swiss Stock Exchange is exploring the launch of a cryptocurrency exchange
- Coinbase adds CoW Protocol (COW) to its listing roadmap
- The Federal Reserve will announce its interest rate decision at 2:00 AM on Thursday
- ChainCatcher announces support for English, Japanese, and Korean language switching, and has recently completed an app upgrade
- Borderless Capital launches a $100 million DePIN fund, with investments from Peaq, Solana Foundation, and others
- Insiders say UK digital bank Revolut plans to launch a stablecoin
"What important events have occurred in the past 24 hours"
ChainCatcher now supports English, Japanese, and Korean language switching, and has recently completed an app upgrade
ChainCatcher has announced support for English, Japanese, and Korean language versions, and has recently completed an app upgrade.
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 data service.
Bitget and Foresight Ventures announce a strategic investment of $30 million in the TON blockchain
Bitget and Foresight Ventures have announced a strategic investment of $30 million in the TON blockchain. This investment aims to strengthen the development of Telegram-based projects, focusing on click-to-earn games such as Hamster Kombat and Notcoin.
Bitget and Foresight stated that through this new investment, they plan to "deepen their involvement in the governance and future development plans of the TON blockchain." The statement said: "This investment will be allocated through the acquisition of TON tokens."
Bank of America, Goldman Sachs, Morgan Stanley, and other institutions predict the Fed will cut rates by 25 basis points tonight
According to Jinshi, financial institutions including Bank of America, Goldman Sachs, Morgan Stanley, Barclays, Scotiabank, DBS Bank, and Citibank predict that the Fed will cut rates by 25 basis points tonight, with the dot plot becoming the focus of market attention.
Arthur Hayes: Cryptocurrency may crash within days after the Fed's first rate cut, the era of central banks is over
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated in an interview with CoinDesk during the Token2049 conference in Singapore that the Fed is about to announce its first rate cut since 2020, but risk assets (including cryptocurrencies) may crash within days after the cut.
Hayes believes that the rate cut is a bad decision because inflation remains a problem in the U.S., and lowering borrowing costs will exacerbate inflation. Additionally, the narrowing U.S.-Japan interest rate differential may lead to a significant appreciation of the yen, triggering the unwinding of yen arbitrage trades. Hayes expects U.S. interest rates to eventually drop from the current 5.25%-5.5% to near zero.
He agrees with Scottish market strategist Russel Napier that the era of central banks is over, and politicians will take over and instruct banks to create liquidity in specific areas of the economy. Hayes stated that in this scenario, cryptocurrencies will become the only globally portable assets that allow investors to escape the system.
Borderless Capital launches a $100 million DePIN fund, with investments from Peaq, Solana Foundation, and others
Borderless Capital has launched its third DePIN fund, which has received $100 million in support. Investors in the fund include the blockchain Peaq, which focuses on DePIN, as well as the Solana Foundation and Jump Crypto.
Borderless Capital partner Álvaro Gracia stated: "DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and creating billions of dollars in passive income, while providing users with convenient access and lower costs."
Insiders: UK digital bank Revolut plans to launch a stablecoin
According to Coindesk, London-based fintech company Revolut, which offers 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 the stablecoin.
BitGo to launch USD stablecoin USDS in January next year
According to CoinDesk, BitGo plans to launch the USD stablecoin USDS in January 2025, offering rewards to institutions providing liquidity to the network. USDS is backed by short-term treasury bills, overnight repos, and cash.
The Swiss Stock Exchange is exploring the launch of a 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 is considering leveraging its reputation and Switzerland's advanced crypto laws to attract large traditional investors interested in trading digital assets.
Bjørn Sibbern, global head of exchanges at SIX Group, stated: "Cryptocurrencies have increasingly become a recognized asset class," adding that the company is researching the creation of "a platform that allows us to help facilitate trading, whether in (spot) cryptocurrencies or derivatives."
World Liberty Financial white paper lists Donald Trump as "Chief Crypto Advocate"
Campbell Harvey, a finance professor at Duke University, commented on Trump's announcement of the crypto project World Liberty Financial, stating: "This move aligns with Trump's policy stance supporting cryptocurrencies. Saying you support crypto is one thing; starting a company in this field is another."
The lengthy X Spaces session yesterday did not reveal specific details about the project or when it would launch, but it did indicate that a digital token WLFI would be issued, which would play a role in business management. However, Americans must be verified accredited investors to purchase it. The Spaces also covered a range of other topics, such as stablecoins, tokenization, obtaining credit, and digital payment services.
Before Trump held this X Spaces, the World Liberty Financial white paper listed Donald Trump as "Chief Crypto Advocate," Eric Trump and Donald Trump Jr. as "Web3 Ambassadors," and 18-year-old Barron Trump as "Chief DeFi Visionary." A disclaimer in the document states 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 Web3 developers with a more convenient way to interact with blockchain data.
The service launches with a free tier, supporting up to 100 requests per second and a maximum of 1 million requests per day, and supports both Ethereum mainnet and testnet, with plans to expand to more blockchains within the next year.
Google Cloud's blockchain RPC service is fully compatible with the Ethereum JSON-RPC standard, allowing developers to integrate it into their applications with just one line of code.
Google Cloud also plans to hold a webinar on October 10, 2024, Beijing time, to discuss the future development of blockchain RPC products and the Web3 portal.
Ethena opens second season airdrop share query, sENA has been launched
Ethena announced on X that it has opened the second season airdrop share query, with claims not yet open (expected on September 30).
At the same time, Ethena also announced the launch of the liquidity derivative token sENA, aimed at iterating the original ENA locking mechanism.
Coinbase adds CoW Protocol (COW) to its listing roadmap
According to official news, Coinbase has added CoW Protocol (COW) to its listing roadmap. According to official news, Coinbase has added CoW Protocol (COW) to its listing roadmap.
The Federal Reserve will announce its interest rate decision at 2:00 AM on Thursday
The Federal Reserve will announce its interest rate decision at 2:00 AM Beijing time on Thursday, but it remains uncertain whether the rate cut will be 25 or 50 basis points, and the latest "dot plot" and economic forecasts will also be released.
Before the Fed's meeting, the CME "Fed Watch" indicated that the probability of a 50 basis point rate cut in September is 61%, while the probability of a 25 basis point cut is 39%.
"What interesting articles are worth reading in the past 24 hours"
Full transcript of Arthur Hayes' speech at Token2049: The market may crash after the rate cut, but Ethereum's performance may be good
"It's fucking fed day," Arthur Hayes, CIO of Maelstrom Fund, delivered a keynote speech on the macroeconomic environment at Token 2049 held in Singapore on September 18, and his first sentence drew screams from the audience. On the morning of September 19, Beijing time, the Federal Reserve is about to hold a meeting, which is the most important decision of the year, and the Fed's decision on rate cuts directly relates to the future direction of the market.
Hayes stated that there is about a 60% to 70% chance that the Fed will choose a rate cut of 75 or 50 basis points. Hayes made an interesting prediction about the prospects of ETH, believing that the decline in U.S. Treasury yields could indeed make high-yield tokens more attractive. He compared Ethereum to "internet bonds" and further analyzed its potential. He repeatedly emphasized the yen and reminded everyone to pay attention to the USD/JPY exchange rate, "that's the only important thing."
Full transcript of Vitalik's speech at Token2049: Ethereum needs to meet demand while maintaining open-source and decentralized values
Vitalik Buterin, co-founder of Ethereum, delivered a keynote speech titled "What Excites Me About the Next Decade" during the first day of the TOKEN2049 main stage, discussing how he believes the current crypto space differs from the past, stating, "The current crypto space is no longer in its early stages; Ethereum now needs to meet the demands of mainstream adoption while maintaining open-source and decentralized values." Below is the original text of Vitalik's speech, organized by Rhythm BlockBeats:
People often say that crypto is still in its early stages, and we are still building infrastructure. Indeed, it took a long time for something like the internet to materialize, and I think people have been saying this almost since Bitcoin was launched. The reality we face today is that the crypto space is no longer in its early stages.
Ethereum as a project has existed for over 10 years, and in the 15 years since Bitcoin's birth, we have seen things like ChatGPT develop from complete non-existence to suddenly emerging, completely changing people's understanding of artificial intelligence.
How have the prices of tokens performed after being listed on various CEXs?
Listing on key CEXs is the biggest expectation for many people holding tokens waiting for a price increase.
However, many times, the act of listing is not something that can be monetized just by qualitative analysis. When you enter and exit, which types of tokens you hold, and many specific choices determine the final returns.
Therefore, you may want to know the answers to the following questions:
Does being listed on Binance necessarily mean there will be a wealth effect? Do other CEXs not have a wealth effect? How long after being listed does the wealth effect start to diminish?
You should have a clear understanding of these questions.
Last week, the research institution Simplicity Group (@SimplicityWeb3) conducted a detailed statistical analysis of the performance of over 30 tokens listed on seven common CEXs, including Binance, OKX, Bybit, Kucoin, Coinbase, Gate, and MEXC, one week after their listing.
