ChainCatcher message, Glassnode stated, "As the crypto market grows, the pullback of Bitcoin in the bullish trend is gradually decreasing. The deepest pullback in this cycle was -32% (August 5, 2024), while most pullbacks were around a 25% drop from previous highs, reflecting the increased demand for spot ETFs and rising institutional interest."

ChainCatcher news, this week, the Federal Reserve finally confirmed the long-anticipated "pivot" by the market. The central bank's statement and update on economic forecasts this week had a significant impact on the market. Market participants currently expect the Federal Reserve to cut interest rates by about 40 basis points by December 2025, leading to a rise in U.S. Treasury yields. Earlier this week, Bitcoin fell from its historical high, and on Friday during the European session, Bitcoin continued its downward trend, approaching $95,000 at one point. Earlier, Bitcoin had just set a new historical high of over $108,000, and this round of decline in the crypto market has had a greater impact on altcoins such as Ethereum and Dogecoin.Additionally, U.S. exchange-traded funds (ETFs) that directly invest in Bitcoin also ended a 15-day streak of inflows this week, recording an outflow of $680 million, highlighting the shift in market sentiment.

ChainCatcher message, according to official news, the OKX Web3 security team conducted a sampling analysis of recent cases of private key theft on the Solana network and provided the following security recommendations:Upgrade devices and wallets to the latest version in a timely manner;It is recommended to regularly create new keys and promptly transfer assets to new addresses;Regularly use professional antivirus software to scan mobile devices and PCs;When downloading applications, be sure to verify whether they are official versions;When using Bot-type products, it is advisable to use a new wallet for risk isolation.It is reported that the OKX Web3 wallet team, while strengthening product technical protection, continues to promote user security education, covering security guidelines, security TVC, security dynamics, etc. Users who need more security advice can always pay attention to OKX's official security announcements and educational resources.

ChainCatcher news, according to Forbes, MicroStrategy's stock price has been experiencing significant fluctuations recently. Although Bitcoin has risen 135% year-to-date, MicroStrategy saw an impressive rebound of 142% this month, followed by a decline of 37% in the following days.Additionally, the high volatility is reflected in MicroStrategy's valuation. Despite MicroStrategy's Bitcoin holdings being worth approximately $36.7 billion, the company's current market capitalization exceeds $92 billion, which means MicroStrategy has effectively become an amplifier of Bitcoin's volatility.

ChainCatcher news, the decentralized fan engagement platform AmplifyWorld has announced the completion of a $1.2 million funding round, with early-stage venture capital firm Chapel Ventures participating. It is reported that this funding deal was conducted through a Simple Agreement for Future Tokens (SAFT). AmplifyWorld aims to empower artists and fans in the music industry by leveraging blockchain and Web3 technologies. They are currently preparing to launch a token to build a new music economy, allowing artists to connect directly with fans. The new funds are intended to accelerate the development and deployment of the token.

ChainCatcher News, the U.S. Bureau of Labor Statistics (BLS) stated in its employment report on Friday that it no longer plans to reduce the sample size of its key labor market survey, as the recently passed continuing resolution "allows BLS to use current Population Survey (CPS, also known as the household survey) funding at a faster pace."BLS Commissioner Erika McEntarfer first announced the plan to cut the sample size in June of this year, citing budget constraints and declining response rates that made the survey more expensive and difficult to conduct.The plan would reduce 5,000 households starting in early 2025, bringing the total down to 55,000. BLS received approximately $700 million in funding in the fiscal year that just ended in September. Advocacy group "Friends of BLS" and former White House economists recently urged lawmakers to increase funding by about $20 million for fiscal year 2025, but current proposals in the House and Senate fall far short of this request. The short-term funding bill passed in September will keep the government running until December, which includes $6 million in support for the CPS.

ChainCatcher news, TRON (TRX) network founder Justin Sun responded on X to the previous incident regarding his unrecognized election as the acting Prime Minister of the micro-nation Liberland. He expressed his happiness to see the community elect him as the Prime Minister of Liberland, with the main points as follows:Liberland is not just a country; it embodies a political philosophy that advocates for freedom, minimal government intervention, and individual autonomy.As acting Prime Minister, the goal is to actively promote the small government concept, not only within Liberland but also as a model for the world. Our success can inspire other countries to adopt liberal principles, demonstrating that minimalist government can bring stability and prosperity without excessive regulation or coercion. By adhering to this approach, we will further solidify Liberland's status as a beacon of freedom and individual autonomy.Looking ahead, envisioning Liberland as a global symbol of liberal ideals, it will become a spiritual home for people around the world who cherish freedom. Just as Vatican City represents the central spiritual authority for Catholics, Liberland will become the heart of the liberal movement. Liberals around the world may have their own countries and nations, but Liberland will be their ideological home: a place that respects and embodies their beliefs in freedom, autonomy, and voluntary governance.What truly makes Liberland unique is that it is the first country where the relationship with citizens is based not on lineage or geographical boundaries, but on shared principles and values. There are no compulsory obligations, no taxes, and no mandates imposed on citizens. Everything is built on voluntary participation and mutual respect, believing that all governments should operate this way—eventually, if not now.Liberland is a powerful example of the relationship between a state and its citizens, committed to further advancing this vision during my tenure as Prime Minister.Previous news, according to a document disclosed by @tier10k, the unrecognized micro-nation Liberland announced the results of its latest parliamentary elections. TRON (TRX) network founder Justin Sun won in this election and was nominated as acting Prime Minister by Liberland President Vit Jedlička. The official statement from Liberland stated that the election was completed at 5 AM Central European Time on October 6, marking the first full deployment of the country's blockchain-based election system. The election process used a simple set of rules, fully algorithmic, aimed at providing transparency and eliminating doubts about the election results.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on social media, "Since the invention of the internet, social media's influence on financial markets has increasingly taken on a religious tone. Elon Musk's Tesla, Satoshi Nakamoto's Bitcoin, and various crypto communities are typical examples.The role of the 'prophet' in religion plays a crucial role in driving asset prices up. Prophets endlessly expand their thoughts about the future, often perceived to have reached a state of enlightenment, and this perceived enlightenment generates blind faith. This faith leads to the formation of religious communities that share the same beliefs. The stronger the followers' faith within the community, the more legitimate the asset is considered, even if it does not generate profits or create social value. This is a stunning phenomenon.Investors must now pay attention to the impact of social media on investment decisions. When evaluating a publicly traded company or token project, it is essential to consider whether there is an influential 'prophet' on social media and how strong their followers' faith is.Companies are rushing to enter social media, trying to form religious communities filled with blind faith. However, not everyone can become a prophet. Most fail to attract followers. Especially in the crypto space, if internal efforts to expand influence fail, they may externally hire Key Opinion Leaders (KOLs) to create false faith. Only a very few projects have succeeded in this regard.The influence of social media on financial markets will continue to grow. As communities are made up of people, this religious tone will deepen. I believe that understanding how religion operates will help in understanding the future of financial markets."

ChainCatcher news, according to Cointelegraph, Canadian Bitcoin mining company Cathedra Bitcoin is halting its seven-year mining operations and adopting a new strategy: to emulate MicroStrategy by purchasing as much Bitcoin as possible on the open market.In the "Bitcoin Treasury Strategy Memo" dated September 16, Cathedra explained that under the new plan, "all capital allocation decisions" will now be based on maximizing the company's Bitcoin reserves on a per-share basis—this is the "most important" metric for many major shareholders.Cathedra stated that Bitcoin-based mining operations have not provided sufficient shareholder value. By market capitalization, 9 out of the 10 largest Bitcoin mining companies now hold less Bitcoin per share than three years ago, adding, "Meanwhile, other publicly traded companies have adopted clear policies to increase the per-share Bitcoin price, most notably MicroStrategy, which has been rewarded by the stock market."Cathedra indicated that it will shift to developing data operation centers to generate "predictable cash flow" to purchase more Bitcoin, and will retain the Bitcoin produced by its existing mining operations, suggesting that the company will not completely abandon mining.Data shows that the company currently holds 23 Bitcoins, valued at $2.5 million, making it the 45th largest Bitcoin corporate holder. Cathedra's statement indicates that the company plans to adhere to its Bitcoin strategy in the long term and notes that it is currently in the "early stages of a decades-long trend," where Bitcoin will become the "dominant global reserve asset."

ChainCatcher news, QCP Capital stated in an official post that after breaking the $61,000 mark last weekend, the cryptocurrency fell following Trump's second assassination attempt. Before the Asian market opened, a lack of liquidity led to the liquidation of nearly $70 million in short positions, exacerbating the decline. Notably, Bitcoin rose 13.8% from $58,000 to $66,000 in the same week of July 13 when Trump first survived an assassination attempt.TOKEN2049 is currently underway, and the FOMC meeting will be held on Wednesday (September 18), with uncertainty still surrounding whether to cut rates by 25 basis points or 50 basis points. As the Federal Reserve approaches its first rate cut of this round, market tensions are escalating, amplifying the impact of any unexpected macro data. The likelihood of a 50 basis point cut has surged from 30% last Monday to 59%. This is reflected in the increasing volatility, with Bitcoin's implied volatility rising by 8 and Ethereum by 20 last Friday.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that as inflation cools, the Federal Reserve's policy has passively tightened. There is ample reason to believe that the Federal Reserve's forecast regarding interest rate cuts will be realized.

ChainCatcher news, according to Jin Shi reports, Goldman Sachs chief economist Jan Hatzius stated that they believe the Federal Reserve "has ample reason" to cut interest rates at the July meeting, but they have not changed their forecast that the Fed will start cutting rates in September. Based on the latest unemployment and inflation data, a federal funds rate of 4% is deemed appropriate, while the current rate is 5.25%-5.5%.Therefore, a rate cut is expected to begin soon. Reasons for taking action in July include the volatility of monthly inflation, which, if there is a temporary re-acceleration, could make a rate cut in September difficult to justify, as well as the undeniable motivation for the Fed to "avoid starting rate cuts in the last two months of the presidential campaign." While this does not mean the Fed cannot start cutting rates in September, July is indeed more appropriate.

ChainCatcher news, Ampleforth protocol development company Fragments announced that the Ampleforth Foundation's decentralized low-volatility commodity currency SPOT project has completed a $1 million strategic round of financing, with participation from Coinbase Ventures.It is reported that SPOT aims to combine the characteristics of fiat currencies such as the US dollar and assets like gold or Bitcoin to create a "fully decentralized" and "significantly low-volatility" asset that can be used in the on-chain economy. The project team stated that SPOT does not intend to maintain stability like stablecoins. The SPOT flatcoin, currently available on Ethereum, will also be launched as part of the protocol on Coinbase's incubated Layer 2 network Base.

ChainCatcher message, Coinbase Assets announced on platform X that, according to a recent review, the platform will suspend trading of Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL) around 02:00 Beijing time on July 20. Trading on Coinbase.com (both simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. The order books for COVAL, RAI, and wAMPL have been moved to limit order mode. Limit orders can be placed and canceled, and matching may occur.In addition, Coinbase will suspend trading of Synthetix (SNX) for New York users around 02:00 Beijing time on July 20. Trading for New York users on Coinbase.com (both simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. Synthetix (SNX) trading will still be available in supported regions.