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Share link:In this post: Abacus Market vanished in July in a suspected exit scam after Archetyp’s shutdown. Bitcoin deposits plunged as users lost trust amid withdrawal failures and DDoS claims. Its market dominance possibly drew unwanted scrutiny or prompted operators to flee with funds.
Share link:In this post: Japan’s 30Y bond yield hit 3.20%, with bond values crashing 45% since 2019. The Bank of Japan reported $198 billion in unrealized bond losses for FY 2024. Japan’s debt-to-GDP ratio surpassed 260%, more than double that of the U.S.
Share link:In this post: BTC fell nearly 5% to around $116K after hitting a record high above $123K. A Bitcoin whale dormant for 14 years transferred 16,843 BTC ($2B) to Galaxy Digital. Despite the drop, spot Bitcoin ETFs saw $297M in inflows Monday, led by BlackRock’s IBIT ($394M).
ETH is on the rise, and these Ethereum strategic reserve tokens can capture more sentiment premium.
- 06:52The Federal Reserve may cut interest rates by 25 basis points in September, signaling the start of an easing cycle.According to ChainCatcher, citing Golden Ten Data, Mizuho Bank stated that the U.S. August non-farm payrolls report further confirms the weakening trend in the labor market, with employment, working hours, and income growth rates having fallen back to pandemic-era levels. The Federal Reserve is almost certain to cut interest rates by 25 basis points at its September meeting, and if August inflation is weaker than expected, the possibility of a 50 basis point rate cut increases. It is expected that the Federal Reserve will initiate a sustained easing cycle, aiming to lower interest rates to around 3%.
- 06:37Market News: The Hong Kong SAR government is preparing for the third issuance of digital bondsAccording to ChainCatcher, the Hong Kong SAR government has commissioned banks to prepare for a potential digital bond issuance. If this issuance proceeds, it will be the third digital bond issuance by Hong Kong. In 2023, under the Government Green Bond Programme, the Hong Kong SAR government successfully issued HKD 800 millions worth of tokenized green bonds, making it one of the world's first government-issued tokenized green bonds. Subsequently, in 2024, it issued the world's first multi-currency digital green bonds, involving approximately HKD 6 billions.
- 06:03The probability of "Trump stepping down as president this year" is currently 6% on Polymarket.According to Jinse Finance, information from relevant pages shows that the probability of "Trump stepping down as president this year" on Polymarket is currently reported at 6%.