Selected News
1. Inflation leading indicator 'soars', uncertain prospects for Federal Reserve interest rate cuts
2. The cryptocurrency market is down across the board, with a 24-hour total market cap decline of 3.9%, and the three major US stock indexes closing nearly flat
3. Bescent: Cryptocurrency reserves will not be purchased, but confiscated assets will be used
4. Circle announces the public offering price of 10 million shares at 130 USD per share
5. Citigroup is actively exploring providing stablecoin transfer custody and instant payment services
Articles & Threads
1. (How far are we from a full altcoin season? | Trader Observation)
Meanwhile, the market is almost certain that the Federal Reserve will lower interest rates at the meeting on September 17, with the probability nearing 100%, reducing the benchmark rate to the range of 4.00%-4.25%. This expectation provides additional fuel for markets that depend on high liquidity—especially cryptocurrencies. Now, the wealth effect of the altcoin season has become a hot topic of discussion, with the key being when it will fully start. Next, Rhythm BlockBeats has compiled traders' views on the upcoming market situation to provide some directional reference for everyone's trading.
2. (Institutional push for new highs in BNB, how can retail investors get a piece of the pie with low barriers?)
Recently, BNB has experienced a remarkable structural market trend. After reaching an ATH in July, it has once again broken the ATH of 865.68 USD today. With several US-listed companies making significant purchases of BNB as asset reserves, along with favorable factors such as ETF applications, BNB, which was once viewed as a 'trading platform token' + 'public chain ecological token', is now evolving towards 'institutional reserve asset'. This market trend may not just be a temporary hype, but rather a reassessment and repositioning of BNB's value. This article will delve into BNB's 'institutional' path and explore the various opportunities available for retail investors.
Market Data
Daily overall market capital flow heat (reflected by funding rates) and token unlocking
Data source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocking
