Hot picks for September 10th

1. Expectations for the Federal Reserve to cut interest rates have increased, and analysts predict that the possibility of the Federal Reserve cutting interest rates by 50 basis points at the September meeting has increased.

2. The proportion of large Ethereum investors’ holdings increased to 43%, which is close to 48% of the total holdings of retail investors.

3. Bernstein predicts that if Trump wins the US election in November, Bitcoin is expected to hit a new high before the end of the year, reaching $90,000.

4. Bloomberg analyst: Within two quarters of the listing of the Bitcoin spot ETF, there have been more than 1,000 institutional holders. This phenomenon is unprecedented.

5. Tether invests US$100 million in Latin American agricultural companies, which is expected to promote the tokenization of real assets.

6. The total market value of cryptocurrency is US$2.06 trillion, with a 24-hour increase of 4.56%.

7. The gas fee of Ethereum soared by 126.68% in 10 minutes, and the activity on the chain increased significantly.

8. U.S. stocks closed, with all three major stock indexes rising by more than 1%.

9. Cryptocurrency was not mentioned in the list of proposed policy positions released by US Vice President Harris.

10. Michael Saylor said that the US Republican Party’s views on Bitcoin are far ahead of the Democratic Party, especially Trump.

11. The FBI reported that Americans lost more than $5.6 billion due to cryptocurrency fraud in 2023, an increase of 45% from 2022.

12. After Durov was arrested, TON trading volume hit a new high, but the token price plummeted 30%.

13. On September 9, the U.S. Bitcoin ETF had a net outflow of 2,846 BTC, and the Ethereum ETF had a net inflow of 1,786 ETH.