US spot Bitcoin ETF had a net outflow of US$127 million yesterday
According to TraderT monitoring, the US spot Bitcoin ETF had a net outflow of US$127 million yesterday.😬😬😬

According to TON on the TON Core is working hard to find a solution. TON will continue to keep users informed of developments. There is no risk to users’ crypto assets.🤣🤣🤣

Key points to watch: The U.S. House of Representatives Financial Services Committee plans to hold multiple cryptocurrency hearings in September
Golden Finance reports that the U.S. House of Representatives Financial Services Committee plans to hold multiple hearings in September, focusing on cryptocurrency-related issues, including decentralized finance (DeFi), the regulation of the U.S. Securities and Exchange Commission (SEC), and “fraud” scams. Influence. The first hearing on September 10 will focus on DeFi, there will be a hearing on SEC enforcement and "fraudulent" scams on September 18, and the full committee hearing on September 23 will involve SEC testimony and is expected to focus on numbers. Regulation of assets. Committee Chairman Patrick McHenry, who is retiring, said he hopes to have a cryptocurrency legislation completed by the end of the year.

From today, Russia allows the use of cryptocurrencies for international trade

The Russian State Duma conducted its second and third deliberations on July 30, approving the use of Bitcoin for cross-border transactions as part of the experimental legal system (ЭПР) from September 1, 2024. Foreign media pointed out that the Russian President Putin government allowed the use of Ethereum (ETH) and USDT stablecoins, not limited to central bank digital currencies (CBDCs), which represents a major shift in Russia's attitude towards cryptocurrencies and also provides an experimental platform for the feasibility and risk control of digital currencies in practical applications.

Viewpoint: Market oversupply may continue to depress BTC prices

On August 31, the cryptocurrency market may have to deal with potential turbulence in the coming months as several major Bitcoin (BTC) holders - including defunct exchanges and government entities - may liquidate a large number of their holdings. The latest report from Kaiko, a crypto data provider, shows that the crypto market is currently facing a serious oversupply problem. This has been a persistent theme throughout the summer, with forced selling and liquidation of bankrupt crypto assets causing selling pressure at different stages between May and August. Dragonfly general partner Rob Hadick said that this summer, Bitcoin prices have faced significant pressure, which is mainly related to Mt. Gox issuance, the yen carry trade, and slowing demand. "The market is still concerned about the pressure from the government holdings and additional issuance from Mt. Gox," he said. One of the main sources of market anxiety is the ongoing redistribution of funds to Mt. Gox creditors. The bankrupt cryptocurrency exchange's assets still hold more than 46,000 Bitcoins, worth more than $2 billion, which will eventually be redistributed. Elaborating on the potential impact of such a distribution, Fideum co-founder Darren Franceschini said that according to forecasts, these Bitcoins worth more than $2.7 billion may be almost all sold - if creditors sell their entire holdings, it may add $8.2 billion in additional selling pressure. Other major holders may also increase selling pressure in the near future. For example, the US government holds more than $2 billion worth of Bitcoin. In addition, he added that other countries including the United Kingdom, China and Ukraine also have large Bitcoin reserves. “The ‘Christmas rally’ often seen by many crypto enthusiasts may not materialize for the first time this year if authorities start liquidating their cryptocurrency holdings en masse,” said Bartosz Lipiński, CEO of cryptocurrency trading platform Cube.Exchange.

Analysis: Bitcoin is expected to rise to $110,000, but may fall below $40,000 first.
Bitcoin (BTC) price is expected to reach $110,000 by 2025, according to analysis by crypto analysts Titan of Crypto and Elja Boom. Titan of Crypto notes that Bitcoin is forming a “cup-and-handle” pattern, a bullish chart pattern that suggests price increases may occur in the future. Elja Boom mentioned that once BTC’s “inverse head and shoulders” pattern breaks through, it will push the price to exceed $100,000. He predicts that this high will appear in the fourth quarter of 2024 and may reach $100,000 in the first quarter of 2025. Dollar.
However, not all analysts are so optimistic. Analyst Magoo PhD warns that Bitcoin may first pull back below $40,000 before a potential rally in 2025. In addition, analyst Mustace believes that even if there is a correction, the market bottom will be around $57,000.
According to data from CoinGlass, Bitcoin currently has significant support at $57,000, and a fall below this level could lead to the liquidation of more than $860 million in leveraged short positions.
Despite the uncertainty surrounding Bitcoin’s price trajectory, prices are widely expected to break six figures within the next few years.

Net outflows from U.S. spot Bitcoin ETFs exceeded $287 million yesterday
According to TraderT monitoring, the US spot Bitcoin ETF had a net outflow of US$287.78 million yesterday.

The European Parliament will elect a new European Commission this fall, which will decide the EU’s cryptocurrency policy for the next five years. Although the new committee won’t take office until November at the earliest, there are already some trends that predict its approach to cryptocurrency regulation.
First, the center of gravity of European politics is shifting to the right, which may affect discussions on taxation and innovation approaches. France will face more challenges in the future due to political instability.
Second, policymakers will compete for influence on innovation policy, with new legislators likely to enhance their personal stature by focusing on encryption policy, and senior policy advisers within committees likely vying for power.
Third, innovation will become a policy pillar, with digital privacy and artificial intelligence identified as EU policy priorities. The Commission is expected to actively implement the Digital Markets Act and the Digital Services Act.
On the market side, increased institutional adoption of cryptocurrencies could trigger political intervention, while the exposure of greater retail investment in cryptocurrencies in traditional finance could also trigger political reactions. The EU has made significant progress on global encryption policy, and new legislative work should ensure the effective implementation of existing rules.

The Singapore Token 2049 conference will be held as scheduled on September 18-19, 2024. During the Token 2049 conference, in addition to the main conference, there will be hundreds of side conferences, and there are nearly 600 official statistics alone.

As the top conference in the industry, many projects and practitioners in the crypto industry will gather from all over the world to exchange the latest industry trends. In order to help you better participate in the conference, we have compiled a conference guide.

1. Token 2049 main speakers Balaji Srinivasan, The Network State Founder, Investor, and Author Anatoly Yakovenko, Solana Co-Founder Richard Teng, Binance CEO Edward Snowden, Whistleblower Vitalik Buterin, Ethereum Co-Founder Max Verstappen, Oracle Red Bull Racing F1 Driver Arthur Hayes, Maelstrom CIO Olaf Carlson-Wee, Polychain Capital Founder Kyle Samani, Multicoin Capital Managing Partner Sreeram Kannan, EigenLayer Founder Stani Kulechov, Aave Labs Founder Shayne Coplan, Polymarket Founder and CEO Jeremy Allaire, Circle Co-Founder, Chairman, and CEO Rune Christensen, Sky Co-Founder Sergey Nazarov , Chainlink Co-Founder Keone Hon , Monad Co-Founder Sandeep Nailwal , Polygon Co-Founder Tim McCourt , CME Group Global Head of Financial and OTC Products Eric Wall , Taproot Wizards Co-Founder Haider Rafique , OKX CMO Guy Young , Ethena Labs CEO Antonio Juliano , dYdX Trading Founder and President Anthony Scaramucci , SkyBridge Capital Founder and Managing Partner Nick White , Celestia Labs COO Jose F ernandez da Ponte, PayPal SVP, Digital Currencies Fisher Yu, Babylon Co-Founder Sandy Peng, Scroll Co-Founder Gökhan Er, IOSG Ventures Managing Director Abhay Kumar, Helium Foundation CEO Jeff Feng, Sei Co-Founder Sascha D Mojtahedi, Founder, Parallel

Opinion: BTC outpaces U.S. stocks in trading hours since USD and gold decoupled
Bitcoin currently has more than 123,000 trading hours, exceeding the opening hours of U.S. stock markets since the dollar and gold decoupled. Since August 15, 1971, when President Nixon decoupled the U.S. dollar from gold and canceled the international convertibility of the U.S. dollar and gold in response to high inflation, the U.S. stock market has been open for trading for more than 100,700 hours. Bitcoin, launched in 2009, has officially surpassed the U.S. stock market in terms of trading hours, nearly 25% higher than the public stock trading hours in the era of full legal currency.

The probability that the Fed will cut interest rates by 25 basis points in September is 69%.
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 69%, and the probability of cutting interest rates by 50 basis points is 31%. The probability that the Federal Reserve will cut interest rates by 50 basis points cumulatively by November is 26.1%, the probability that it will cut interest rates by 75 basis points cumulatively is 54.6%, and the probability that it will cut interest rates by 100 basis points cumulatively is 19.3%.

Viewpoint: Bitcoin may break through six figures, regardless of the outcome of the US election.
CNBC published an article stating that despite the heated debate among candidates in the US election, investors in the cryptocurrency industry generally believe that Bitcoin will maintain strong performance in the long term and is expected to break through six figures soon. Steven Lubka of Swan Bitcoin said that no matter who wins the November election, the value of Bitcoin will almost certainly reach six figures. James Davies of Crypto Valley Exchange believes that even if Kamala Harris is elected president, it will not significantly affect the price of Bitcoin and the industry will continue to thrive.
Bitcoin traded between $55,000 and $70,000 for most of 2024, reaching an all-time high of $73,000 in March. Investors generally expect that the price of Bitcoin will remain relatively stable until the election results are determined. Although the debate between Harris and Donald Trump caused Bitcoin to fall in the short term, the main reason was attributed to other macroeconomic factors.
Analysts predict that if Trump is elected, Bitcoin may break through a new high of $80,000; while Harris's election may cause the price to fall back to $40,000. Despite some concerns about future market volatility, Bitcoin still shows strong investment potential in the current environment.

On September 13, 2024, Binance announced that Binance Launchpool launched the 59th project - Catizen (CATI), a cat-themed game robot built on the Telegram applet platform. Users can put BNB and FDUSD into the CATI reward pool on the Launchpool website after 08:00 (Eastern Time) on September 16, 2024 to receive CATI rewards. The CATI activity will last for a total of 4 days. The website is expected to be updated within about 24 hours of this announcement before the event opens.

1. Launchpool Details
Token Name: Caizen (CATI)

Total and Maximum Token Supply: 1,000,000,000 CATI

Launchpool Token Rewards: 90,000,000 CATI (9% of total token supply)

Initial Circulating Supply at Binance Listing: 305,000,000 CATI (approximately 30.5% of total token supply)

Smart Contract/Network Details: Ton Network

2. Introduction to Catizen (CATI)
Catizen is a unique cat-themed social entertainment experience on Telegram that combines fun interactions with the power of the TON blockchain. As a revolutionary gaming bot, Catizen not only simplifies Web3 access, but also makes mobile payments seamless, revolutionizing the way users interact with decentralized technology.

Catizen aims to attract and educate the massive Web 2.0 user base to Web3 through an exclusive partnership with TON and Telegram. This strategic partnership positions Catizen as a Web3 traffic hub with the goal of attracting billions of potential users to participate. With transparent in-game asset purchase data accessible through third-party platforms or on-chain transactions, community members, investors, and partners can easily monitor the project's economy and growth at any time.

Although Catizen has not yet launched on-chain digital assets, it currently supports the purchase of in-game assets using Telegram Stars, USDT, TON, NOT, and MNT.

Catizen data performance (as of August 12, 2024)
Total number of players in the game: 28,539,037

Telegram senior users: 2,125,519

Total users on the chain: 1,730,868

1,236,259 (TON)

494,609 (Mantle)

Total cumulative purchase amount in the game: 20,026,623 US dollars

1,699,931 $TON ≈ 12,749,482 US dollars

1,038,011 $USDT ≈ 1,038,011 US dollars

131,216,255 ($NOT) ≈ 1,901,163 US dollars

1,008,470 ($MNT) ≈ 1,008,470 USD

166,474,895 ($STA) ≈ $3,329,497

Total paying users: 589,784

Average revenue per paying user (ARPPU): ~$33.9

Social media data
X platform followers: 2,114,056

Telegram chat groups: 400,000

Telegram announcement subscriptions: 5,269,840

Overview of key features
Catizen is a fun cat-themed game that is not only easy to play, but also serves as a social network and money-making platform. Through blockchain technology, *Catizen* allows players to truly own the resources they earn in the game, combining entertainment with the possibility of earning financial rewards in a decentralized environment.

What makes Catizen different from traditional games is its player-owned economy driven by the blockchain. This design allows players to participate in a complex, community-driven ecosystem where their achievements in the game have real-world value. By creating an open economy, Catizen provides tangible rewards to users, following a model where loyalty and engagement are rewarded with assets that can be traded or staked for additional yield.

Players can advance in the game and increase their resources through a variety of methods:

Cat Upgrades: Merge and upgrade cats to earn higher rewards and climb the leaderboards.

Fishing: Use Fish Coins to participate in fishing events and win leaderboard prizes.

Invite to Earn: Invite new players and earn Fish Coins, expand the community and increase your income

Quest Center: Complete in-game tasks to earn Fish Coins, upgrade cats, and join Launchpool events.

Stake and Mining: Stake premium cats or Fish Coins in Launchpool to earn points and assets, turning your gameplay into a meaningful investment.

3. Catizen (CATI) Token Economics
Token Distribution

GmPdhmliphIHWNQJVRxtSsQ216lhEGRXcLgWxEWs.png

4. Catizen (CATI) Roadmap
Q1 2024

Official public beta of Catizen was rele

Animoca Brands Lianchuang: Hong Kong is a “strong competitor” choice for Animoca Brands’ IPO
According to news on September 18, Animoca Brands co-founder Yat Siu said that Hong Kong, China is a "strong competitor" for the potential listing of crypto venture capital and chain game developer Animoca Brands Corp. In part because the company is based in Singapore, digital asset-related activity has expanded as officials seek to develop a crypto hub, Siu said in an interview at a conference in Singapore. But he said on Wednesday that any IPO plans would likely take "a few years to really take shape" and that the current focus was on building the business.
Siu said last month that Animoca shares were valued at between $1.5 billion and $3 billion in secondary markets. By comparison, the company was valued at $5.9 billion in a 2022 funding round. Siu added that the company is not seeking to raise new funds.

The Federal Reserve cuts interest rates, a summary of the views of all parties
With the passing of the Federal Reserve’s resolution to cut interest rates by 50bp at its interest rate meeting in September 2024, the views of all parties are summarized:
1. Fed Chairman Powell: Will choose to speed up or slow down the pace of interest rate cuts based on actual market conditions;
2. Trump: The Fed’s interest rate cut shows that the U.S. “economy is very bad”;
3. US Vice President Harris: This is good news for Americans who are under pressure from high prices;
4. Nationwide Chief Economist: The Federal Reserve will continue to cut interest rates rapidly;
5. "New Bond King" Gundlach: It is expected to cut interest rates by 50 basis points in November and another 75 basis points by the end of the year;
6. Head of Investment Strategy at Global X: The Fed’s 50 basis point interest rate cut may be too aggressive;
7. Standard Chartered Bank executive: Stable coins can alleviate the negative impact of the Federal Reserve’s interest rate cuts on treasury bonds and money market tokens;
8. U.S. Senator Warren: Powell acted too late and further interest rate cuts are needed.

U.S. Congressman Tom Emmer: Looking forward to working with Trump to fire SEC Chairman Gary Gensler
According to Bitcoin Magazine, US Congressman Tom Emmer said that he looks forward to working with Donald Trump to fire SEC Chairman Gary Gensler.🤣🤣🤣

Harris pledges support for crypto space in speech to NYC donors
"I will bring together working people, small business founders, innovators and large corporations. Together, we will invest in American competitiveness, and invest in America's future," U.S. Vice President Harris said at a fundraiser at the Cipriani Wall Street hotel in Manhattan. "We will encourage innovative technologies like artificial intelligence and digital assets while protecting our consumers and investors." Kamala Harris vowed to help artificial intelligence and cryptocurrency investments grow if elected, pitching her economic agenda to donors in New York City on Sunday, saying it would promote innovation and focus regulation on protecting consumers and investors.
Harris' comments mark her first on cryptocurrencies as the Democratic presidential nominee, and investors and enthusiasts are waiting to see if her approach will differ from that of President Joe Biden.

The probability that the Fed will cut interest rates by 25 basis points in November is 45.2%
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 45.2%, and the probability of cutting interest rates by 50 basis points is 54.8%. The probability of a cumulative 50 basis point interest rate cut by December is 23.4%, the probability of a cumulative 75 basis point interest rate cut is 50.2%, and the probability of a cumulative 100 basis point interest rate cut is 26.5%.

The probability that the Fed will cut interest rates by 25bp in November is 40.8%
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points by November is 40.8%, and the probability of cutting interest rates by 50 basis points is 59.2%. The probability of a cumulative 50 basis point interest rate cut by December is 19.5%, the probability of a cumulative 75 basis point interest rate cut is 49.6%, and the probability of a cumulative 100 basis point interest rate cut is 30.9%.

Fortune Magazine: Zhao Changpeng will be released early today, and his next move is expected to be to re-enter the crypto industry
Fortune Magazine reported that Zhao Changpeng will set foot on the streets of Long Beach, California, as a free man for the first time this Friday, which is the first time he has regained his freedom in months. This is two days earlier than his official release date, because if the release date coincides with the weekend, the prisoner will leave the detention center early. According to a prison official, Zhao Changpeng can have supervised outings there and even go to the movies.
After being released from prison, Fortune Magazine made some speculations about his next move.
Zhao Changpeng's first stop is likely to be Dubai or Paris, where his children live with their mother He Yi. In addition, the media expects that with Zhao Changpeng's release from prison, more details of the Giggle Academy project he initiated before imprisonment may emerge in the coming months. In addition to family and charity, Zhao Changpeng, who is now free, may turn his attention to his third pursuit-the cryptocurrency industry.
However, in the field of cryptocurrency, Zhao Changpeng faces a major problem. According to his criminal settlement agreement, he must resign as CEO of Binance and stay away from any "daily" activities of the company. At the same time, the settlement agreement also requires Binance to accept two external monitors appointed by the US government to ensure compliance. Despite these obvious restrictions, even if Zhao Changpeng is no longer the CEO, he will still be the company's largest shareholder, which should give him considerable influence over the company's future direction.🫡🫡🫡