Preface:
In the past 24 hours, Bitcoin and Ethereum have risen by 0.23% and 0.47% respectively, with current prices at $58,053 and $2,358. The ETH/BTC exchange rate remains at 0.04. The Crypto Fear & Greed Index stands at 32, indicating fear in the market.

Market Trending

Yesterday, the market saw a slight increase. From a macro perspective, the CPI data came in lower than expected, confirming that a 25-basis-point interest rate cut is now highly likely. Overall, financial markets are performing well, with investor sentiment optimistic. U.S. stocks rose, gold prices hit a new high, and top crypto assets have stabilized with slight gains. The main market players are waiting for next week’s Federal Reserve interest rate decision. The first rate cut following the Fed’s extended high-interest period could significantly impact the market, and volatility is expected to rise afterward.
Market Hotspots: TON Ecosystem: The highly anticipated Hamster (HMSTR) project launched on the BN platform but saw a decline in pre-market trading due to the tokenomics not meeting community expectations. Public Chains: Grayscale opened its SUI Trust, bringing institutional support to SUI, which saw an increase. DeFi Sector: PENDLE led gains after expanding its BTC staking feature, growing its user base and enhancing its competitiveness in the DeFi market. RWA Sector: OM plans to launch its mainnet in October, drawing significant attention, with the OM token posting strong gains for six consecutive days. AI Sector: OpenAI released a new AI model, causing a stir in the AI sector, with WLD surging over 15% and reaching a high of $1.6.

Spot Bitcoin ETF Flows

Yesterday, U.S. Bitcoin spot ETFs saw net inflows of $39.03 million, with ARKB contributing $18.30 million, and Fidelity’s FBTC adding $11.50 million. Meanwhile, GBTC saw a net outflow of $6.50 million.
On the other hand, U.S. Ethereum spot ETFs saw a net outflow of $20.14 million, with FTHE gaining $7.13 million, and ETHA receiving $4.27 million. ETHE had no significant inflows or outflows.

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Daily Spotlight

Today’s hot project is WLD, with a 24h gain of 17.6%.
Worldcoin (WLD) is a global digital identity project co-founded by OpenAI CEO Sam Altman, aiming to create a comprehensive global financial and identity network. At its core is World ID, a privacy-protecting global identity network that allows users to verify their uniqueness online using biometric data while protecting privacy through zero-knowledge proofs. Yesterday, OpenAI released its new AI model, the OpenAI o1-preview model. The o1 represents Orion, the next generation of OpenAI’s models, showcasing superior mathematical and programming capabilities compared to GPT-4o, along with strong reasoning and efficient application skills. The AI sector surged on this news, with WLD leading the way, gaining 17.6% and reaching a high of $1.618.

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The Word on the Street

Trump launches cryptocurrency platform World Liberty Financial to replace traditional banks
On September 13th, former U.S. President Donald Trump announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join the Space event on X next Monday. Trump stated, “We are embracing the future with cryptocurrency, leaving behind the slow and outdated big banks.”
Trump announced a launch event for his family’s new cryptocurrency platform. Previously, in August, Trump began promoting the platform on his social media platform Truth Social. Trump wrote on Truth Social, “For far too long, ordinary Americans have been oppressed by big banks and financial elites. Now it’s time for us to stand together.”

Potential Airdrop

Fantom Foundation’s Sonic Testnet is live, with confirmed airdrops
On August 2nd, the Fantom official team announced its rebranding to Sonic Labs, aiming to gain support through large-scale incentive programs. Sonic will use the S token, which will enter the ecosystem through large airdrops, simplified staking, and incentive programs. The Fantom Foundation posted on X that Opera and Sonic users will receive 190 million S tokens as airdrops. Additionally, Michael Kong, the CEO of the foundation, confirmed in an interview that with the launch of Fantom Sonic, multiple token airdrops will take place. The more users interact with the network, the more value they contribute, and the larger the airdrop they will receive.

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