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The selling pressure from short-term holders may exasperate a potential dip in September.
This growth is notable, especially since just two months ago, surpassing 100,000 subscribers had already spiked HNT's price by 40%.
The Ethereum Foundation plans to release a financial report “relatively soon” to address community concerns surrounding its spending, according to researcher Justin Drake.Japan’s three major banks, MUFG, SMBC and Mizuho, are set to test a cross-border stablecoin transfer platform dubbed “Project Pax.”U.S. spot Bitcoin ETFs saw $211.1 million in net outflows on Thursday, marking the seventh consecutive day of negative flows totaling over $1 billion.The following article is adapted from The Block’s newslette
DOGS has dipped after its team airdropped 40 billion tokens over the past two days, yet its recent momentum should help it recover soon.
UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.
- 15:27BlackRock's IBIT hits $24m in pre-market volume today, 47% active sell ordersOn 19 September, BlackRock IBIT saw pre-market volume of $24 million today, of which 29% were active buy orders and 47% were active sell orders, according to data.
- 15:27Ethernet Pectra Upgrade Confirmation Executed in Two SessionsOn 19 September, Ether developers reportedly confirmed splitting the hard fork Pectra into two parts to minimise the risk of mistakes or errors.Pectra is expected to be Ether's largest hard fork to date. The core developers have decided to include a total of eight Ether Improvement Proposals (EIPs) in the first package, including EIP-7702, which aims to improve the wallet's user experience. The second package will be modified in the coming months, but for now may include proposals aimed at changing the Ether Virtual Machine (known as EOF) while introducing a feature called PeerDAS, which improves data availability sampling and ultimately benefits the L2 blockchain.
- 15:26Bank of America: expect the Fed to cut rates by 75 bps in Q4 and another 125 bps in 2025The Federal Reserve announced an over-specified 50 basis point rate cut early Thursday morning, which Powell said was meant to demonstrate policymakers' commitment to keeping unemployment low as inflation eases. Bank of America was the only major brokerage to raise its forecast for Fed rate cuts for the rest of 2024 after the Fed's sharp cut, with the Wall Street brokerage saying it expects the Fed to cut rates by 75 basis points in the fourth quarter, after it predicted the Fed would cut rates by 25 basis points at its November and December meetings, respectively. And according to Fed policymakers' own projections, the federal funds rate will fall another 50 basis points by the end of 2024. ‘We are sceptical about the Fed's desire to deliver a hawkish surprise’ in the wake of the sharper rate cuts, the Bank of America economist said. The brokerage expects the Fed to cut rates by another 125 basis points in 2025, bringing the target federal funds rate down to a terminal level of 2.75%-3.00% from the current range of 4.75%-5.00%.
