BlockBeatNews

BlockBeats news, on September 17, according to official sources, Arkham announced that it has supported monitoring the BTCHoldings of the Bhutanese government. These BTCHoldings are from the BTCMining activities carried out by Druk Holdings, the investment arm of the Kingdom of Bhutan. According to Arkham data, the Bhutanese government currently holds 13,029 BTC, approximately 7.5454 billion US dollars.

BlockBeats news, on September 16th, according to Arkham monitoring, a trader made over 1.8 million US dollars in floating profit through Neiro, purchasing about $16,500 worth of Neiro within the first two days of its launch on Neiro. Currently, the trader has held Neiro for 8 weeks, with Neiro Holdings of approximately $1.82 million, floating profit exceeding 100 times.

BlockBeats news, on September 16, FxPro senior analyst Alex Kuptsikevich said, "Long-term, the activity of Ethereum developers, whether in the blockchain itself or its expanding ecosystem, is the reason for the pump of ETH. However, by the end of 2023, this trend shifted to BTC, with the increasing prominence of ETF in the exchange. It is important to note that the launch of ETH ETF did not attract buying interest similar to BTC ETF, but led to net outflows, and also did not reverse the declining trend of ETH/BTC Exchange Rate. The ETH/BTC Exchange Rate may further fall into the 0.02-0.03 range. Considering the overall positive sentiment of investors towards alts in the months after the BTCHalving, and the higher beta coefficient of alts with the US stock market, this situation is surprising, given the strong performance of the US stock market in recent months." (CoinDesk)

BlockBeats news, on September 16th, according to the Snapshot governance page, the Aave community initiated a vote on the proposal to introduce cbBTC to the Ethereum mainnet and Base chain Aave v3. The voting will end on September 19th.

BlockBeats news, on September 16th, according to official sources, the Meme project Baby Doge announced that the upcoming new protocol will involve more destruction of BabyDoge Tokens. The issuance and browsing of Tokens can be completed in a few seconds, initiated by the community. The revenue from the new protocol will be used for the repurchase and destruction of BabyDoge Tokens.

BlockBeats news, on September 16th, according to the latest weekly report from CoinShares, the capital inflow of digital asset investment products reached 436 million US dollars last week. CoinShares believes that the significant increase in capital inflow over the weekend is due to a major shift in market expectations for a possible 50 basis point rate cut by the Federal Reserve.

BlockBeats news, on September 16th, according to Arkham data, Grayscale Address transferred 119.01 BTC (about $7.01 million) and 1449 ETH (about $3.33 million) to market maker Flow Traders 4 hours ago.

BlockBeats news, on September 16th, according to market data, the top Market Cap Fractal BRC20 (FBOrdinals) assets are generally down, with ordinals Market Cap currently at 390,000 US dollars, a 24-hour decline of 22.07%; burger Market Cap currently at 255,000 US dollars, a 24-hour decline of 14.77%; cherry Market Cap currently at 162,000 US dollars, a 24-hour decline of 48.06%.

BlockBeats news, on September 16th, the number of Catizen game users exceeded 39 million, with 18 million monthly active users. The number of participants in the Stake To Earn stake activity exceeded 800,000, with over 13 million CATI Tokens staked. The peak daily active users in the Catizen ecosystem application center exceeded 8 million, with over 3 million on-chain users, over 39 million on-chain interactions, 1.1 million cumulative consumption users, and a total of $31 million in cumulative payments, becoming the first consumer-level application in web3 history to exceed one million paying users.

BlockBeats news, on September 16th, QCP Capital stated in its official channel that after breaking through the $61,000 mark last weekend, the Cryptocurrency fell following the second assassination attempt on Trump. Before the Asian market opened, the lack of liquidity led to the liquidation of short positions worth nearly $70 million, exacerbating the decline. It is worth noting that BTC pumped 13.8% from $58k to $66k on the same week as the first unsuccessful assassination attempt on Trump on July 13th. TOKEN2049 is ongoing, and the FOMC meeting will be held on Wednesday (September 18th) with uncertainty about whether the interest rate will be cut by 25 basis points or 50 basis points. As the Fed’s first interest rate cut approaches, market tension is escalating, amplifying the impact of any unexpected macro data. The likelihood of a 50 basis point rate cut has jumped from 30% last Monday to 59%. This is reflected in the increasing Fluctuation, with BTC's implied Fluctuation rising by 8 and Ethereum rising by 20 on Friday.

BlockBeats news, on September 16th, according to Whale Alert monitoring, an Address containing 43 BTC ($2,545,638) just woke up after being dormant for 10.8 years.

BlockBeats news, September 16, BlockBeats news, September 16, Market views of various investment banks/institutions this week: 1. Goldman Sachs: still expects the Fed to cut interest rates by 25 basis points this week. 2. Deutsche Bank: The Fed's rate cut this week will indicate the overall rate cut magnitude in 2024. 3. JPMorgan: Reiterates the expectation of a 50 basis point rate cut by the Fed in September. 4. Yu'ebao Bank: A 25 basis point rate cut by the Fed is not enough to trigger a strong dollar recovery. 5. UBS: There is a possibility that US retail sales data will impact the magnitude of the Fed's rate cut. 6. Deutsche Bank: With the Fed about to cut interest rates, it is expected that German government bonds will stabilize. 7. Citi: No signs indicate that the European Central Bank will accelerate the pace of rate cuts. 8. Bank of America: Expects economic weakness to hit European stocks. 9. Kaituo Macro: The proportion of industry in the Eurozone economy will become smaller and smaller. 10. ING International: It will be difficult for Eurozone industry to achieve a strong rebound in the coming months. 11. ING International: If the Bank of England remains cautious, the pound may pump. 12. Moody's: The Bank of Japan is expected to remain on the sidelines this week. 13. Bank of the West: Policy divergence between the US and Japan remains a key factor driving the US dollar/Japanese yen. (Jinshi)

BlockBeats news, on September 16th, Pencils Protocol will launch the $DAPP Token sale on Tokensoft on September 18th. It is currently in the pre-sale stage, and the slots are about to be sold out. There are already over 35,000 users queuing for certification on the platform, a rise of 16.7% compared to last week's data. It is reported that the $DAPP subscription quota this time is limited to only 5000 people, first come, first served.

BlockBeats news, on September 16th, encryption analyst PlanB posted on social media, saying, 'The market is still sideways, with a trading range around 60k, and I can get on board again. In addition, BTC is in a bull market, but the pump has not arrived yet. Miners are still dealing with the consequences of the halving. We need BTC price to double again to start the bull market.' Prominent cryptocurrency analyst Willy Woo commented below his tweet, 'Based on the current pricing of BTC, only the latest models of mining rigs can profit after the halving. As shown in the chart, now is usually a good time to buy BTC (and mine with the latest generation of hardware).'

According to BlockBeats on September 16th, Vitalik Buterin, the founder of Ethereum, stated in a post on X that Layer 2 (L2) technology has finally become affordable, which is key to the popularization of Decentralized Finance (DeFi). He proposed as early as 2020 that low transaction fees are the foundation for the success of the encryption industry, and this has only recently become a reality. Robert Sasu, the core engineer of MultiverseX, responded that L2 is currently only affordable in centralized situations. Vitalik disagrees with this view, pointing out that Taiko is a Decentralization-based rollup solution, indicating that the fees for Decentralization L2 solutions like Taiko have reached an affordable level. Sasu agreed, but added that rollup-based solutions are still in the minority, and hopes that more projects will migrate to this architecture.