ChainCatcher news, according to Jinshi reports, Goldman Sachs stated on Wednesday that it expects the Federal Reserve to consecutively cut interest rates by 25 basis points between November 2024 and June 2025, ultimately lowering the rate range to 3.25%-3.5%.

ChainCatcher message: The X account of Lagrange, the developer of the decentralized proof network ZK Prover, is suspected to be hacked, posting a scam link regarding the token LGR. Users should interact with caution.

ChainCatcher news, according to CoinDesk, RWA issuer Midas announced that after obtaining approval from the Liechtenstein regulatory authorities, it will expand the range of its tokenized U.S. Treasury bonds and yield arbitrage trading products for retail users.This means that Midas has removed the $100,000 minimum investment requirement and investor certification process for the mTbill and mBasis tokens, and has simplified the token investment process to just "one click" to obtain the tokens. The company stated that these tokens can be used globally, excluding the United States and sanctioned countries.

ChainCatcher news, according to The Block, Bitget Research's chief analyst Ryan Lee stated that given the current market sentiment, increased activity, and the ongoing development of the Solana ecosystem, along with significant partnerships, he expects the bullish sentiment for Solana in October to outweigh the bearish sentiment, potentially rising to a price range of $160 to $180.Lee noted that Solana's $110 support level has shown resilience during market downturns, including the liquidation event in early August. He also emphasized that Solana has consistently been at the forefront during the recovery phase of high market cap tokens. Additionally, meme coins within the Solana ecosystem have demonstrated strong growth and have been one of the strongest sectors during the rebound.According to on-chain data, the number of daily active addresses on Solana saw a significant increase in September. Zeta Markets founder Tristan Frizza mentioned that compared to less than 1 million in previous months, Solana's average daily user count now exceeds 3 million. This increase in activity may be driven by a collective interest in Solana as a whole, trends like meme coins, and the involvement of celebrities and creators such as Iggy Azalea, which have attracted retail interest in the ecosystem.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "It's usually not a price target, so I will provide a price range at the end of the cycle (assuming Trump wins the election + (U.S. economy) soft landing):BTC: $100,000 - $200,000;ETH: $4,000 - $6,000;SOL: $500 - $1,000;Total cryptocurrency market cap: $5 - $10 trillion."

ChainCatcher news, Bitfinex released a report stating, "Despite the strong performance of Bitcoin, it has not yet broken through the key high of $65,200 from August 25. This is very important because if Bitcoin fails to break this level, it will confirm a pattern since the historical high of $73,666 set in March, where Bitcoin has not exceeded any previous highs and has formed new local bottoms, maintaining a downward trend. In other words, from a longer time frame perspective, Bitcoin has been in a downtrend since March.Additionally, despite the recent price increase being optimistic, the growth of Bitcoin's open interest has outpaced the increase in Bitcoin's price itself, indicating that last week's movement came more from the futures and perpetual markets rather than the spot market.Meanwhile, we have also seen some altcoins surge, with some well-known tokens rising over 100% since their lows in August and September. However, caution is warranted here, as the open interest in altcoins has also reached new highs, but the overall altcoin market has not seen corresponding price breakthroughs. The OTHERS index (which measures the performance of altcoins outside the top 10 by market cap) has continued to decline over the past month.As buying pressure in the Bitcoin spot market slows down, the incremental volume of spot accumulation has stabilized as prices reached $63,500, and we expect Bitcoin to remain in a range-bound fluctuation in the short term.Nevertheless, an important counterargument is that sustained ETF inflows could boost Bitcoin's price. Last week, the spot Bitcoin ETF recorded new inflows, increasing by $397.2 million. This suggests that if traditional financial markets like the S&P 500 continue to rise, Bitcoin still has the potential for further increases. If Bitcoin breaks through the key resistance level at the end of August, it could drive its price to new highs, especially with the end of the low liquidity period of summer. However, without sustained spot buying, Bitcoin is most likely to experience consolidation or a partial pullback."

According to ChainCatcher, as reported by CoinDesk, OKX's new CEO in Singapore, Gracie Lin, stated that the most important and challenging aspect of obtaining the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is gaining the trust of the custodian banks.Lin explained that banks need to be satisfied with the exchange's plans and control measures, and this step is crucial for obtaining the full license. Lin also pointed out that investors in the Singapore market tend to prefer holding crypto assets rather than actively trading. OKX currently offers over 50 tokens in Singapore, all of which must undergo review and approval by MAS.

ChainCatcher message, crypto analyst PlanB expressed his views on the X platform, stating that "60,000 dollars is the new 10,000 dollars," implying that Bitcoin's current price behavior in the 60,000 dollar range may replicate its previous pattern in the 10,000 dollar range.The long-term chart of Bitcoin's realized price shared by PlanB shows that between 2018 and 2020, Bitcoin experienced long-term fluctuations in the 10,000 dollar range. Currently, Bitcoin's price exhibits similar characteristics in the 60,000 dollar range. This similarity may indicate that Bitcoin is about to enter a new significant upward trend, akin to the previous breakout from 10,000 to 60,000 dollars. PlanB emphasized that Bitcoin's price breakout is "just a matter of time."

ChainCatcher news, according to CoinDesk, FxPro senior analyst Alex Kuptsikevich stated, "In the long term, the activity of Ethereum developers, whether on the blockchain itself or in its increasingly expanding ecosystem, is the reason for the rise of ETH. However, by the end of 2023, this trend has shifted to Bitcoin, as the prospects for exchange-traded funds (ETFs) have become more prominent.It is worth noting that the launch of the Ethereum ETF has not attracted the same buying interest as the Bitcoin ETF, but rather led to net outflows, and has not reversed the downward trend of the ETH/BTC exchange rate.The ETH/BTC exchange rate could further drop into the 0.02-0.03 range. Considering the overall positive sentiment towards altcoins in the months following the Bitcoin halving, as well as the higher beta coefficient of altcoins compared to U.S. stocks, this situation is surprising, especially as U.S. stocks have performed quite strongly in recent months."

ChainCatcher message, the encrypted derivatives platform Cega pointed out in its latest market insight report that there were fewer market events this week, but investors are generally focused on the next Federal Reserve meeting and the anticipated interest rate cuts.Cega expects that the market will remain range-bound in the coming weeks. Despite the calm in the market, BTC volatility is still slightly above the one-year average.

ChainCatcher news, the CICC major asset inflation sub-item prediction model shows that as long as no black swan events occur, the U.S. CPI inflation is likely to remain in the range of 2.5%-3% this year, and PCE will remain in the range of 2%-2.5%. The risk of secondary inflation in the second half of the year is low, alleviating concerns for the Federal Reserve regarding interest rate cuts. (Jin10)

ChainCatcher news, the blockchain game development studio Orange Cap Games announced the completion of a $2 million Pre-Seed angel round financing, with participation from LayerZero CEO Bryan Pellegrino, YGG founder Gabriel Dizon, and Dapper Labs executive Amber. The new funds will be used for their upcoming collectible card game Vibes, which features the intellectual property of Pudgy Penguins.

ChainCatcher news, according to Lookonchain monitoring, a certain whale address sold 100 BTC (approximately 5.35 million USD) when the Bitcoin price dropped to its cost price, making a profit of 206,000 USD. Other addresses with cost prices in this range may also engage in breakeven operations.According to IntoTheBlock data, a total of 836,000 addresses bought a total of 402,800 BTC in the price range of 51,113 USD to 54,303 USD, with a total value of 21 billion USD.

ChainCatcher news, according to Jinshi reports, Wolfe Research's chart analyst Rob Ginsberg stated: "The current situation in the entire cryptocurrency sector is not optimistic. Bitcoin is still trapped in a downward channel, and the price is gradually declining from the highs in March. While a brief breakout would be very positive, we still respect this major trend. In the coming weeks, Bitcoin may return to the bottom of this range, which is around the $50,000 low.Since peaking in March, Bitcoin's trend has been deteriorating, with a series of lower highs and lower lows. Unless this trend changes, whether through a breakout or a more gradual reversal, we will continue to maintain a bearish outlook on Bitcoin's price in the short to medium term."

ChainCatcher news reports that, according to crypto intelligence source Orange, many key personnel from the Non-small team have been taken away by the Inner Mongolia police for investigation. It has been six months, and the reasons remain unclear, possibly due to Non-small's involvement with some fraudulent exchanges and problematic tokens. Currently, there are still teams claiming to be Non-small in the market, but they may not be the original team. The crypto media Wu Says has also confirmed the above information from relevant sources.According to the Web3 asset data platform RootData, Non-small is one of the earliest cryptocurrency data platforms in the Chinese blockchain industry.

ChainCatcher message, crypto analyst PlanB posted on social media: "The 6 months of boring trading range did not surprise me. Of course, I wish it had gone up earlier. But I have become very patient: as long as Bitcoin stays within (a broad) flight range (which it does), everything is fine. Therefore, since 2019, my goal is to reach an average price of about $500,000 during the halving period of 2024-2028, with a range of about $250,000 to $1,000,000."

ChainCatcher message, 10x Research released a report stating that Bitcoin is expected to fall back to a trading range of $50,000 to $60,000. The rebound after the crash on August 5 will likely stall near the resistance zone between $60,000 and $61,000. This slowdown may allow oversold technical indicators to reset, increasing the likelihood that Bitcoin could retest the low around $50,000 from August 5, a move that would catch many off guard. There are still profit opportunities in the cryptocurrency market, but the timing is not ideal.

ChainCatcher news, 10x Research stated in its market analysis that interpreting trends is particularly challenging during critical moments in the economy and financial markets, as old narratives are questioned and new ones gradually form. During this time, traders and investors must closely monitor market signals. It is crucial to recognize that before shifting attention to the next topic, the market often focuses on a mainstream narrative. Understanding this dynamic is essential for effectively following market transformations.After the sale of BTC from German addresses at the end of June, market concerns shifted to the upcoming payouts from Mt. Gox in early July. With the incident involving Trump and his subsequent choice of Bitcoin holder JD Vance as his vice-presidential pick, the narrative took a dramatic turn. As the odds of Trump’s election soared to 70%, the price of Bitcoin became closely tied to these political developments. However, President Biden's announcement on July 21 to withdraw from the 2025 presidential race abruptly halted this momentum.Following discussions about Bitcoin as a strategic reserve, Bitcoin once again broke through the $70,000 mark, raising high expectations for Trump’s speech at the Nashville Bitcoin conference. Unfortunately, the speech did not live up to the hype. When the U.S. government transferred $2 billion worth of Bitcoin, the upward momentum for Bitcoin came to an end. The trading range between $60,000 and $70,000 has remained stable, but a significant shift in this range is imminent.