Gm，#学堂日报 9.9 Market Snapshot
1️⃣ Market Overview
▪ The total market capitalization of cryptocurrencies is approximately $2.69 trillion, with Bitcoin accounting for a 58.9% share.
▪ The Fear and Greed Index is 70 (Greed); market sentiment remains in a relatively strong range.
2️⃣ Binance Updates
▪ Binance launches an invite-friends-and-receive-gifts campaign. Invite 1 person to unlock up to a $28.8 reward, with the maximum participation including benefits such as a $200 hairy crab gift box.
▪ Binance received Thailand’s TCSD recognition for the third consecutive year, continuing to strengthen cooperation to combat cybercrime and digital-asset financial crime.
▪ Binance continues to further strengthen compliance, security, and community activity planning, improving user engagement and brand trust.
3️⃣ Industry Highlights
▪ The market expects the probability of a Fed rate cut in September to rise to 59.4%, with interest-rate expectations continuing to dominate risk-asset sentiment.
▪ Citigroup plans to push cross-border remittances using blockchain token deposits, as traditional banks further explore on-chain payments.
▪ China’s central bank increased its gold holdings for the 65th consecutive month by 650,000 troy ounces in August; official gold reserves continue to rise.
▪ The implied probability of the CLARITY Act being signed into law within the year has fallen to 15.5%.
▪ Yonhap News Agency reports that South Korea’s Shinhan Financial Investment recommends allocating 2% to digital assets; discussions on institutional asset allocation continue to heat up.
4️⃣ Today’s Explainer: What Is an Account Abstraction Wallet?
🔸 What is an account abstraction wallet?
▪ An account abstraction wallet is a smart wallet built on account abstraction technology.
▪ It no longer relies entirely on the traditional “private key + seed phrase + manually paying Gas” process, but instead enables more flexible account management through smart contracts.
🔸 What can it do?
▪ Supports social recovery, multi-factor verification, batch transactions, automatic payments, and more.
▪ Users can also set rules such as daily limits, whitelists, and scheduled transactions, making the wallet closer to a typical everyday internet account experience.
🔸 Why is it more beginner-friendly?
▪ With traditional wallets, if the seed phrase is lost, asset recovery is extremely difficult.
▪ An account abstraction wallet can improve fault tolerance via trusted devices, social recovery, or Passkeys, and it can also lower the barrier to complex on-chain operations.
Follow @新手学堂天使自治社区 to learn more 🚀
1️⃣ Market Overview
▪ The total market capitalization of cryptocurrencies is approximately $2.69 trillion, with Bitcoin accounting for a 58.9% share.
▪ The Fear and Greed Index is 70 (Greed); market sentiment remains in a relatively strong range.
2️⃣ Binance Updates
▪ Binance launches an invite-friends-and-receive-gifts campaign. Invite 1 person to unlock up to a $28.8 reward, with the maximum participation including benefits such as a $200 hairy crab gift box.
▪ Binance received Thailand’s TCSD recognition for the third consecutive year, continuing to strengthen cooperation to combat cybercrime and digital-asset financial crime.
▪ Binance continues to further strengthen compliance, security, and community activity planning, improving user engagement and brand trust.
3️⃣ Industry Highlights
▪ The market expects the probability of a Fed rate cut in September to rise to 59.4%, with interest-rate expectations continuing to dominate risk-asset sentiment.
▪ Citigroup plans to push cross-border remittances using blockchain token deposits, as traditional banks further explore on-chain payments.
▪ China’s central bank increased its gold holdings for the 65th consecutive month by 650,000 troy ounces in August; official gold reserves continue to rise.
▪ The implied probability of the CLARITY Act being signed into law within the year has fallen to 15.5%.
▪ Yonhap News Agency reports that South Korea’s Shinhan Financial Investment recommends allocating 2% to digital assets; discussions on institutional asset allocation continue to heat up.
4️⃣ Today’s Explainer: What Is an Account Abstraction Wallet?
🔸 What is an account abstraction wallet?
▪ An account abstraction wallet is a smart wallet built on account abstraction technology.
▪ It no longer relies entirely on the traditional “private key + seed phrase + manually paying Gas” process, but instead enables more flexible account management through smart contracts.
🔸 What can it do?
▪ Supports social recovery, multi-factor verification, batch transactions, automatic payments, and more.
▪ Users can also set rules such as daily limits, whitelists, and scheduled transactions, making the wallet closer to a typical everyday internet account experience.
🔸 Why is it more beginner-friendly?
▪ With traditional wallets, if the seed phrase is lost, asset recovery is extremely difficult.
▪ An account abstraction wallet can improve fault tolerance via trusted devices, social recovery, or Passkeys, and it can also lower the barrier to complex on-chain operations.
Follow @新手学堂天使自治社区 to learn more 🚀
