ChainCatcher news, the three major U.S. stock indices are approaching the opening, with the Dow down 19 points. (Jin Shi)

ChainCatcher news, according to 4E monitoring, on Tuesday, the three major U.S. stock indices rose collectively, with the Dow Jones up 0.3%, the Nasdaq up 1.45%, and the S&P 500 index up 0.97%. Large tech stocks generally rose, with Nvidia increasing by over 4%. Chinese concept stocks experienced a significant pullback, with the Nasdaq Golden Dragon China Index closing down 6.85%. The cryptocurrency market remained relatively stable, with Bitcoin down 0.45% at $62,345 before the press time.In the foreign exchange bulk market, the U.S. dollar index slightly fell by 0.06%, still hovering near an eight-week high, with non-U.S. currencies showing mixed results; the pound and euro strengthened, while the yen slightly declined. The market is concerned about oil demand prospects and the possibility of a ceasefire in the Middle East, leading to oil prices ending a five-day rise, with U.S. oil down over 4.6%. Following the significant drop in expectations for a large interest rate cut by the Federal Reserve, gold prices have been under pressure for five consecutive days, with spot gold falling over 1%, marking the largest single-day drop in a month, while silver briefly dropped nearly 5%.Affected by the overnight sharp decline in surrounding Chinese assets and the recent significant market gains, profit-taking began to cash out at high levels, with over a hundred listed companies announcing share reduction plans. After setting a record for the largest single-day gain in history yesterday, A-shares have shown a clear trend of pulling back after reaching new highs. At the market open today, A-shares experienced a significant adjustment, with the three major indices opening sharply lower, and over 5,000 stocks in the two markets declining. As of the midday close, the Shanghai Composite Index reported 3304 points, down 5.53%, the Shenzhen Component Index fell 6.19%, and the ChiNext Index dropped 7.29%.This week, the market is focusing on the U.S. September CPI data to be released on Thursday, which will provide important economic clues. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

ChainCatcher news, according to Jinshi reports, the three major A-share indices collectively retreated, with the Shanghai Composite Index falling below 3300 points. By the close, the Shanghai Composite Index dropped 6.62%, the Shenzhen Component Index fell 8.15%, and the ChiNext Index decreased by 10.59%. More than 5000 stocks in the entire market declined, with a trading volume exceeding 2.9 trillion yuan.

ChainCatcher news, according to Fortune, Tether's USDT stablecoin has recently been trading at a slight discount. Some economists suggest that the reason is the waning interest of Chinese investors in cryptocurrencies, who are instead seeking to invest their funds in the domestic stock market.According to data from CoinMarketCap, USDT has been trading below the dollar price since the end of September, with a very small decline. Last Tuesday, Tether's trading price was $0.9995, and this slight drop indicates that investors are selling stablecoins in exchange for RMB and investing in the Chinese stock market, which has surged due to recent government stimulus measures.Although the cost of liquidating USDT is between three to five percent, investors seem unconcerned, as they stand to gain substantial profits if the Chinese stock market continues to rise significantly.

ChainCatcher news, U.S. stock market opens, Dow Jones up 120 points, S&P 500 up 0.46%, Nasdaq up 0.53%. "The first stock of the metaverse" Roblox (RBLX.N) down 9%, the company is shorted by the short-selling firm Hindenburg. (Jin Shi)

ChainCatcher news, Matrixport released a chart stating that since the halving in April 2024, Bitcoin mining daily revenue has significantly decreased from $70 million to $31 million. However, mining stocks have performed relatively well, slightly lagging behind Bitcoin but overall better than expected. As revenues gradually bottom out, mining stocks may see a rebound.Many mining companies have chosen to hold Bitcoin inventories, reducing sales on exchanges, which has alleviated market selling pressure. This strategy not only provides shareholders with Bitcoin operational leverage but also increases inventory leverage. MicroStrategy shareholders have reaped substantial returns using a similar strategy.

ChainCatcher news, according to Hong Kong media Ming Pao, blockchain data company Kaiko's senior research analyst Dessislava Aubert pointed out that since the end of September, the world's largest stablecoin USDT, which is pegged to the US dollar, has occasionally fallen below the fundamental exchange rate of 1 dollar. Hashkey CEO Ong Hsiu Chi stated that if traders are eager to convert their funds back to fiat currency, it can be inferred that they are rushing to buy Chinese stocks.In addition to retail investors, some institutional investors are also increasing their holdings in Chinese stocks. Crypto hedge fund MNNC Group indicated that some of its institutional investor clients have also shifted their fund allocations to Chinese stocks. On the Binance platform, each USDT can be exchanged for 6.78 to 6.98 yuan, while in the traditional currency market, the offshore yuan to US dollar exchange rate is around 7.09. Due to the discount of USDT relative to the US dollar, investors may choose to buy USDT with US dollars, then exchange it for yuan for arbitrage, investing in the Chinese stock market for higher returns.Goldman Sachs upgraded its investment rating for the Chinese stock market to "overweight" over the weekend, expecting an upside potential of 15% to 18% for Chinese stocks.

ChainCatcher news, according to CoinDesk, after a major group approved guidelines for the use of tokenized money market funds with the support of the U.S. Commodity Futures Trading Commission (CFTC), companies like BlackRock and Franklin Templeton may see their tokenized shares of money market funds used for trading.According to two informed sources, a subcommittee of the CFTC Global Markets Advisory Committee voted to submit these recommendations to the full committee, which is expected to vote on the proposals later this year. The report did not disclose specific recommendations, but the mere act of sending the proposals to the full committee can be seen as a next step.

ChainCatcher news, HashKey Jeffrey stated that since the U.S. interest rate cut, the global securities market has seen a glimmer of recovery. Following the A-share market, the Hong Kong stock market has also experienced a rare trading frenzy. According to today's closing data, the Hong Kong Hang Seng Index soared by 6.2%, with the technology index skyrocketing by 8.5%. Since September 11, the Hang Seng Index has almost risen in a straight line, currently reaching 22,448 points, approaching the 22,689 points set on January 27, 2023, marking the highest point in nearly 31 months.The trading volume in the Hong Kong stock market has exceeded one trillion for several consecutive days, with a massive influx of buy orders, leading to trading delays on the exchange's servers, a situation reminiscent of 2015. The significant price increase has strong support from trading volume, which is a clear bullish signal indicating that investors are flocking to join this trend reversal, suggesting that the turning point from bear to bull market may have arrived.What does this mean for the crypto market? Will the crypto market continue to be "bled dry," or will it see a widespread rally? Currently, the Hong Kong stock market is recovering first, and the mainland securities market is also rising due to policy reasons, but the U.S. stock market, Japanese stock market, and the cryptocurrency market have all seen declines in the past two days due to capital diversion. Historical data shows that the massive liquidity from U.S. interest rate cuts tends to lead to a general economic recovery, but funds will first flow into markets with higher returns. In the initial period, the effects of the interest rate cut may not have fully radiated, and countries may adopt certain policy measures to compete for liquidity; the current "bleeding" phenomenon may just be a manifestation of liquidity competition among different markets before the effects of the interest rate cut spread.

ChainCatcher news, on Monday local time, Federal Reserve Chairman Powell stated during a speech that if the economy performs as expected, there may be two more rate cuts this year, totaling 50 basis points. The market perceives Powell's overall remarks as "hawkish." Following Powell's speech, the market significantly reduced the probability of a 50 basis point rate cut by the Federal Reserve in November.According to 4E observations, the three major U.S. stock indices fell after Powell's speech but began to rise in the final trading hours, ultimately closing slightly higher, with both the Dow Jones and the S&P 500 reaching new closing highs. Historically, U.S. stocks perform poorly in September, but this year the Dow rose 1.85%, the S&P 500 increased by 2.02%, and the Nasdaq gained 2.68%. Notably, the Dow and the S&P 500 recorded five consecutive monthly gains.The cryptocurrency market generally declined, with Bitcoin down 1.81% at $63,600, and Ethereum slightly down by 0.27%. Data shows that Bitcoin rose 7.35% in September, marking its best historical performance. It is worth noting that historically, whenever Bitcoin has risen in September, it has continued to rise until the end of the year. Gold fell by 0.47%, with a 4.74% increase in September; the U.S. dollar index rose by 0.30%, with a cumulative decline of 0.93% in September.After the Federal Reserve's anticipated rate cut in September, the pace of global central bank rate cuts has accelerated, significantly improving the macro environment and increasing investors' risk appetite. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. This Friday, the U.S. non-farm payroll data for September will be released, providing further key insights into the U.S. economic situation and the Federal Reserve's rate cuts. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, 10x Research stated in its latest report that the crypto market is undergoing some significant changes. While short-term concerns are evident, larger trends may soon overshadow these worries. Last night's market adjustment may have stemmed from weak economic data from China, indicating a need for additional stimulus measures.As a result, speculative traders may have shifted from Bitcoin to Chinese stocks for higher beta exposure. There are also concerns about the weakness at the beginning of the month. Additionally, Bitcoin's short-term technical indicators appear to be overbought.

ChainCatcher news, according to Money Today, the National Pension Service (NPS) of South Korea has clarified that its investments in companies like Coinbase and MicroStrategy are not aimed at investing in cryptocurrencies such as Bitcoin. Instead, these companies were included in the NPS portfolio by chance, related to their presence in the benchmark index tracked by the NPS or decisions made by external managers under trust management.The agency stated that any decisions to sell or limit investments in crypto-related stocks are determined by the Fund Management Committee. This committee is responsible for approving any restrictions on investments in specific industries or corporate groups and adjusts the benchmark index as needed before implementing such changes.Previous news reported that the National Pension Service of South Korea increased its indirect exposure to Bitcoin by acquiring MicroStrategy shares.

ChainCatcher news, data released on Friday showed that the U.S. core PCE in August was below market expectations, with a year-on-year increase of 2.2%, close to the Federal Reserve's 2% target. The cooling inflation has strengthened market expectations for the Federal Reserve to continue cutting interest rates in the coming months, with the probability of a 50 basis point rate cut in November rising from 49.3% to 54.1%.According to 4E observations, the Dow Jones Industrial Average rose 0.59% last week, the S&P 500 index increased by 0.62%, and the Nasdaq rose by 0.95%, marking the third consecutive week of gains for all three major indices. Bitcoin saw a cumulative increase of nearly 4% last week, marking three weeks of gains and heading towards the best September in history. Under the expectation of continued rate cuts, the U.S. dollar index fell for four consecutive weeks, erasing all gains since mid-July. Spot gold hit a new historical high last week, rising 1.38%, with an increase of nearly 30% this year, surpassing the S&P 500 index's 20% gain, driven by rate cuts from major central banks like the U.S. and China, along with ongoing tensions in the Middle East.With inflation falling in Europe and the U.S., and the pace of global central bank rate cuts accelerating, this will provide strong momentum for the stock and cryptocurrency markets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. U.S. non-farm payroll data for September will be released this Friday; if it performs strongly, it will further boost expectations for a 50 basis point rate cut in November. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, according to The Block, Macquarie, the Australian multinational investment bank, has given "outperform" ratings to several Bitcoin mining companies including MARA, Riot Platforms, Core Scientific, CleanSpark, and Cipher Mining. Analysts believe these companies are shifting focus from cryptocurrency to artificial intelligence (AI) and high-performance computing (HPC) models.Macquarie analysts Paul Golding and Emma Liang noted that in recent years, Bitcoin mining businesses have become increasingly diversified, a trend that has accelerated following Bitcoin's fourth halving in April this year. Some mining companies view their unique power resource advantages as opportunities to diversify into non-crypto-related hosting businesses, while others focus on accumulating Bitcoin assets.

ChainCatcher news, most of the star tech stocks in the US stock market rose, with Intel (INTC.O) up over 5%, Nvidia (NVDA.O) up 3%, and AMD (AMD.O) and Micron Technology (MU.O) up over 1.5%. (Jinshi)

ChainCatcher news, BlackRock's digital asset head Robbie Mitchnick expressed his views on Bitcoin in an interview with Bloomberg. He believes that although Bitcoin has recently aligned with the U.S. stock market, it should be seen as a "safe-haven" asset. He compared Bitcoin to traditional safe-haven assets like gold, which are typically favored during uncertain times. In contrast, stocks, commodities, and high-yield bonds are often considered "risk-on" investments.Mitchnick explained that despite short-term volatility, assets like gold and Bitcoin have shown similar performance over time. "Gold exhibits many of the same patterns; despite periods of temporary alignment with stocks, the long-term correlation is close to zero."He emphasized that Bitcoin's decentralized nature and scarcity set it apart, stating, "You would consider it as the foundation of a safe haven."

ChainCatcher news, according to Bloomberg, Turkish Vice President Cevdet Yilmaz stated that Turkey has decided not to advance additional tax proposals this year, which would impose capital gains tax on stock trading and cryptocurrency. Yilmaz said, "There is no stock tax on our agenda. We discussed this issue before, but it was not included on the agenda later. Officials will focus on narrowing the tax-exempt scope in the near future." Earlier this year, the initial plan to impose capital gains tax on the stock market put pressure on the stock market. After facing strong public opposition, Turkish Finance Minister Mehmet Simsek stated in June that this work would be "reassessed."

ChainCatcher news, U.S. stock market opens, Dow Jones rises by 0.07%, S&P 500 index rises by 0.15%, Nasdaq rises by 0.47%. (Jin Shi)

ChainCatcher news, according to Bloomberg, correlation studies show that the correlation between digital assets and the U.S. stock market has nearly reached historical highs, indicating that the macroeconomic variables driving the stock market are also affecting the cryptocurrency market.Data compiled by Bloomberg shows that the correlation coefficient between an index measuring the 100 largest digital assets and the S&P 500 index is approximately 0.67 over a 40-day period, a level only surpassed in the second quarter of 2022 when it reached 0.72. A coefficient of 1 indicates that the assets move in perfect unison, while a coefficient of -1 indicates they move in completely opposite directions.This week's focus will be on comments from Federal Reserve officials and the release of the U.S. Personal Consumption Expenditures Price Index (PCE). Sean McNulty, trading director at liquidity provider Arbelos Markets, stated, "We believe that the speakers are more important than the PCE inflation data, as the market is currently trying to understand the Federal Open Market Committee's (FOMC) reaction function."