Hot topics on September 18
Web3 hot topics on September 18
1. Bitcoin CEX platform deposit addresses dropped to a multi-year low
On September 18, the number of Bitcoin CEX platform deposit addresses dropped to 132,100, a multi-year low. This indicator represents the number of addresses that send inflow transactions to the trading platform. The number of investors selling Bitcoin on the spot trading platform has decreased, and the selling pressure may be reduced.
2. The Crypto Market Structure Act is expected to be supported by the end of the year
Patrick McHenry, a Republican and chairman of the U.S. House Financial Services Committee, will retire in January next year. He said in a panel discussion at the Georgetown University Financial Market Quality Conference that he expects the Crypto Market Structure Act to be supported by the end of the year.
3. Gold prices are close to historical highs
Gold prices rose slightly in early Asian trading. Tickmill analyst Joseph Dahrieh said that gold prices are still close to historical highs, driven by a weak dollar and rising expectations of a sharp interest rate cut by the Federal Reserve.
4. The Federal Reserve is about to announce its interest rate decision
The Federal Reserve will announce its interest rate decision at 02:00 on the 19th, Eastern Time (GMT+8), which is expected to stir up the foreign exchange market. If the interest rate is cut by 25 basis points, the US dollar may rise in a knee-jerk manner, and the USD/JPY may return to above 142.00; if the interest rate is cut by 50 basis points, the currency pair may fall to the psychological level of 140.
5. Vice President Harris will speak in Washington on Wednesday
Market news: US Vice President Harris will speak in Washington at 12:15 pm Eastern Time on Wednesday (0:15 am the next day Eastern Time (GMT+8)).