ChainCatcher news, on-chain data analysis company Glassnode analyst Checkmatey posted on the X platform stating, "Bitcoin's market cap currently leads Ethereum by about $1 trillion, setting a new high for the price difference."

ChainCatcher news, according to CoinDesk, research from investment bank Jefferies shows that Bitcoin mining profits declined in September, despite Bitcoin prices remaining relatively stable, while network hash rate increased by about 1.7%. The bank noted that the average daily revenue per Exahash fell by 2.6%.Additionally, October may be more challenging for miners; although Bitcoin prices rose by about 5%, the network hash rate grew by 11%, further pressuring earnings.The report also indicated that the share of mining by North American publicly listed companies increased from 19.9% in August to 22.2% in September, with Marathon Digital mining the most Bitcoin at 705 coins, followed by CleanSpark (CLSK), which mined 493 coins.

ChainCatcher news, Sonic Labs (formerly Fantom) co-founder Andre Cronje tweeted: "Investors and businesses want to achieve centralization. Decentralized profitability is difficult and challenging. In the future, we will see many DApps become L2, and eventually (when they get tired of managing) decentralize and become L1. Just as many L1s will become L2 until they need to decentralize and become L1 again. Let the fragmentation continue. Compared to all the technical concepts I've learned, I believe monolithic technology is the winner."

ChainCatcher news, "Fed mouthpiece" Nick Timiraos stated that at last month's meeting, there was a divergence among Federal Reserve officials regarding the magnitude of interest rate cuts. The vast majority supported a larger cut of 50 basis points, which was ultimately approved, while others favored a smaller cut of 25 basis points.The released minutes revealed discussions on why officials chose to start with a bolder 50 basis point cut, marking the first rate reduction since 2020. The decision to lower the rate to a range of 4.75% to 5% was supported by 11 of the 12 members of the Federal Reserve's rate-setting committee. One policymaker opposed this decision, advocating for a smaller reduction.The minutes stated that those in favor of a larger cut "generally believed that this adjustment in monetary policy stance would begin to better align it with recent inflation and labor market indicators." Some of these officials felt that a 25 basis point cut at the last meeting at the end of July was "reasonable," and recent data only confirmed the rationale for the rate cut.

ChainCatcher news, Musk changed his X account bio to "Read @America to understand why I'm supporting Trump for President," and the related Meme stock PAC briefly surged to $3.3 million.

ChainCatcher message, Santiment published data on social media stating that after a 22% increase in Bitcoin price over the past 3 weeks, bullish sentiment has quickly replaced bearish sentiment, with traders expecting the price to reach $70,000 soon.If investors are waiting to see Bitcoin hit a new all-time high, they may need to wait until people lower their expectations. Currently, the number of bullish views significantly outweighs bearish views. However, historically, the market always moves in the opposite direction of crowd expectations.

ChainCatcher message, Arbitrum developer Offchain Labs posted on X that starting tomorrow, there will be several planned ARB transactions from one custodian provider to another. Users may notice an increase in chain activity, but these are planned transactions. The initial locking plan is being executed, and no new tokens will be unlocked during this process.

ChainCatcher news, eight doctors focused on the field of neurodiversity recently informed the Second Circuit Court of Appeals in a friend-of-the-court brief supporting SBF that SBF has been diagnosed with Autism Spectrum Disorder (ASD) and Attention Deficit/Hyperactivity Disorder (ADHD), which "constitutes a significant challenge in the litigation process of this case," and that the court and jury may have misunderstood SBF's behavior during the criminal trial.They stated that several rulings were unfavorable to SBF "because of his neurodiversity," particularly the ruling from the Manhattan District Court, which allowed government prosecutors to question him without a jury present before he sat in front of the jurors.The judge repeatedly criticized SBF for his lengthy responses and for attempting to clarify or rephrase questions. The doctors noted that this is characteristic of individuals with Autism Spectrum Disorder, as they interpret language in a literal manner. They also mentioned that the judge's criticisms later led SBF to change his answers in front of the jury, "possibly as an overcorrection."

ChainCatcher news, CryptoQuant analyst Shiven Moodley posted on the X platform that the TON network has shown significant growth since August 2021, with its high throughput driving the network's scalability, and its collaboration with the Telegram instant messaging platform further promoting its development. There is a noticeable gap between the market capitalization and circulating supply of the TON network, which may indicate that a considerable portion of the tokens is locked or held long-term, thus affecting the network's liquidity. Nevertheless, there is still a general correlation between market capitalization and circulating supply, suggesting that most of the circulating supply is indeed participating in market valuation.Moodley suggests using the average market cap to price ratio as a proxy indicator for measuring speculative behavior. He explained, "The divergence between market cap and price may indicate that the token's valuation deviates from fundamental indicators, while a close alignment between the two suggests a more rational market valuation."

ChainCatcher news, according to the "Procuratorial Daily," the methods used to assist information network criminal activities are constantly changing, and telecom network fraud cases triggered by virtual currencies occur from time to time.In June of this year, the suspect Yang logged into the black and gray market trading platform "Huiwang" through a chat software and joined a chat group for buying and selling the virtual currency "U Coin." Subsequently, Yang, Jin, and He jointly invested 220,000 yuan, with Yang purchasing virtual currency from a "U Merchant" in the group at a price three cents lower than the platform trading price, storing it in the "U Merchant's" account to receive tasks. The so-called tasks involved helping the "U Merchant" sell "U Coin" and collect the sales funds. On June 8, under the instruction of the "U Merchant," Yang, along with Jin and He, collected 220,000 yuan in cash from the victim Gao by selling "U Coin," and then placed the 220,000 yuan cash at a location designated by the "U Merchant." The "U Merchant" then transferred the payment in the form of "U Coin" to Yang's "U Coin" account, with the three of them earning a total profit of 3,800 yuan.The report states that in our country, buying and selling foreign exchange must be conducted at state-designated locations; otherwise, it constitutes illegal foreign exchange trading, and those with serious circumstances will be held criminally responsible. Therefore, prosecutors remind investors not to easily trust others for the sake of small profits, withdrawing large amounts of cash from banks to purchase virtual currencies. They should remain rational, strengthen risk prevention awareness and identification abilities, stay vigilant against virtual currency scams, and stay away from illegal fundraising.

ChainCatcher news, according to CNBC, Yuya Hasegawa, a cryptocurrency market analyst at the Japanese Bitcoin exchange Bitbank, has warned about the results of the Bank of Japan's policy meeting starting Thursday, stating that Bitcoin has not yet emerged from its predicament.He stated: "The Bank of Japan may keep the policy interest rate unchanged this time, but signs of further rate hikes could boost the yen and potentially trigger a retreat in yen arbitrage trading, which could lead to a sell-off in the Japanese stock market. Risk aversion may spread to the cryptocurrency market. Before the Bank of Japan makes a decision, Bitcoin still has some time and may continue its upward trend during Thursday's U.S. trading session. The next possible short-term target is around $65,000."

ChainCatcher news, according to Cointelegraph, Australian crypto trading firm Zerocap stated that Bitcoin is "hard to predict," and after the Federal Reserve's decision on interest rates on September 18, Bitcoin could drop to $53,000 or rise to $65,000.Zerocap's Chief Investment Officer Jonathan de Wet mentioned that the market now expects a 62% chance that the Federal Reserve will cut rates by at least 50 basis points (0.5%), which has already contributed to Bitcoin's brief rebound to $60,000 on September 13.However, Wet stated that due to the lingering uncertainty of the impact of rate cuts in the short term, price movements are "hard to predict," and the instability of the upcoming November U.S. elections will only complicate matters further, "after the recent range lows, we see a downside target for BTC at $53,000, while the upside target after breaking the descending wedge is $65,000."He added, "It's hard to predict the direction before the elections, but the risk situation should lead to short-term positive sentiment."

ChainCatcher message, according to the schedule, the Federal Reserve will announce its interest rate decision and economic projections next Thursday at 2 PM. Traders are pricing in nearly equal chances of a 25 basis point and a 50 basis point rate cut by the Federal Reserve next week. The shifting bets reflect one of the key issues facing today's market: whether the Federal Reserve will aggressively cut rates to prevent a weakening labor market or take a slower approach to maintain a wait-and-see stance.Federal funds futures pricing shows that the Federal Reserve is expected to cut rates by more than two percentage points over the next 12 months, a scenario that is rarely seen outside of a recession. James St. Aubin, Chief Investment Officer of Ocean Park Asset Management, which manages $5.3 billion in assets, stated, "With the S&P 500 near historical highs and credit spreads narrowing, it seems that a major rate cut to kick off a rate-cutting cycle would only happen if the Federal Reserve knows something that others do not. I believe that, in terms of market sentiment, a 50 basis point cut could do more harm than good."In any case, even if the Federal Reserve cuts rates by 25 basis points next week, as long as Powell does not oppose the expectation of cutting rates once or even twice by 50 basis points in the last two meetings of the year, this meeting could still be viewed as a dovish rate cut.

ChainCatcher news, cryptocurrency analyst Rajat Soni posted on social media that Bitcoin's recent breakthrough of $60,000 is different from before. The price has consolidated above $50,000 for more than six months, and the last time the price exceeded $50,000 was in 2021. However, at that time, most buyers were retail investors, while this time it is driven by institutional investors.

ChainCatcher news, according to Cointelegraph, the U.S. House Financial Services Committee held a hearing yesterday titled "Decoding DeFi: Breaking Down the Future of Decentralized Finance," aimed at exploring emerging topics such as tokenization and how blockchain is used in the financial sector.Republican and Democratic lawmakers showed clear divisions on this issue. Republican subcommittee chair French Hill believes that decentralized finance can change the current structure and governance of financial markets and transactions. Democratic representative Brad Sherman and other cryptocurrency critics claim that DeFi is only used for crime, evading sanctions, and primarily for tax evasion.