project:

Bitcoin's L2? exSat's innovative breakthrough

POW+POS+RAM hybrid consensus mechanism, BTC+EVM, account abstraction, modularization, fair launch. The total supply is 21,000,000 pieces. The mainnet will be launched on October 23. The network launch is mainly divided into three stages: initialization, network launch and start staking XSAT.

The concept is full of energy, and we will see whether it is a mule or a horse after a month.

BNB Chain announced integration with Telegram; will launch Telegram mini-program game Moonbix, the date will be announced as soon as possible;

WalletConnect announced the launch of WCT tokens, with 18.5% to be allocated for the first season airdrop;

Programmable privacy network Aleo unveils token economics for one of the biggest (and dead) projects of the year.

Although OP_CAT is very popular, FB's listing performance is obviously slow. There may be speculative opportunities after the revaluation of the value.

After the second shooting, Trump still insisted on opening the platform for his family's crypto project; US presidential candidate Trump led the core team of World Liberty Financial to start an interview with Rug Radio founder Farokh on the X platform. Just one day before the live broadcast, Trump had just experienced the second shooting.

World Liberty Financial will issue a governance token, WLFI, which will be used exclusively for platform governance. The token only provides voting and proposal rights, does not have any economic rights, and is not transferable.

data:

Bitcoin options with a notional value of $5.726 billion will be delivered this Friday, with the biggest pain point at $58,000

Big names' movements:

Ki Young Ju, CEO of CryptoQuant, said on social media that “institutions are no longer shorting Bitcoin aggressively. Net positions in CME futures have fallen by 75% in the past 5 months.”

CZ confirmed that he will be released from prison on September 29 and is currently in the "Reintegration Administration"

This will be good for the BA series, but CZ has been banned from the market, and his influence projection needs to be amplified through the first sister.

EDU CAKE BNB may have hype opportunities.

Harris made her first statement: If elected president, she will encourage the development of the cryptocurrency industry

He Yi: Ba co-founder He Yi said in Telegram: "Ba has no intention of steering the trend towards Meme. There are currently three types of projects in the market: 1) TG mini-games, which have a lot of players; 2) A large number of infrastructure projects and other coin issuances, all of which are highly valued CV coins; 3) Memecoin is the only hot commodity in the market. The previous contract did follow the trend and went up to NEIRO. The community reported that Meme was being manipulated by market makers, so we spent some time looking for some projects with relatively low market capitalization and dispersed coin holdings to test the waters; 4) We are also keeping an eye on other types of projects. If you think there is a particularly good one, please recommend it.

Macro:

The Federal Reserve held its September interest rate meeting: the federal funds rate was lowered by 50 basis points to 4.75%-5.00%, the first rate cut since March 2020. At the same time, the Federal Reserve maintained its balance sheet reduction, and this contradictory monetary policy released limited liquidity.

​The market will gradually confirm the type of interest rate cuts by the Fed in the Fed's non-preset interest rate cut path.

FT Chinese: I don’t think this is the beginning of an easing cycle. This is a relaxation of the tightening policy.

​For more details on Shangge’s views on the September interest rate decision, please refer to “How to view the first interest rate cut in the Federal Reserve’s September interest rate decision”

Historical experience shows that since 1990, the first 50BP rate cut by the Federal Reserve during its rate cut cycle has led to a recession:

This week, the Fed officials will have intensive open market speeches, and normally there will be no hawkish remarks;
It is highly likely that the rate resolution will follow the path of Powell's speech in September, "guiding the market to strengthen expectations of a soft landing for the US economy."

The current CME FedWatch probability of a 50BP rate cut in November is slightly more than half. From a rough historical perspective, this is a risk.

This Friday, Japan's ruling Liberal Democratic Party will hold a party leader election. If Shigeru Ishiba is elected, it will be bearish in the long run.
This old lady is seeking the normalization of Japan's monetary policy, and her election will increase the probability of a large-scale interest rate hike.

The problems facing the Japanese economy can be summarized from the perspective of economic theory as follows: the little eunuch (long-term negative interest rate policy) who is swinging between "interest rate parity" and "purchasing interest parity" is not a normal person.

Supervision:

The U.S. SEC approved the listing of options products for BlackRock iShares Bitcoin ETF (IBIT) on Nasdaq. Trading of this derivative product still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC).

Quotes:

From a technical perspective, in the short term, we need to pay attention to the long and short support of M120, which is currently around 62360. The overnight test support is effective, and the pressure is around 65000-M200 (64150); this will directly determine the rebound height!

Bullish trend back, main uptrend begins? Liquidity has not improved significantly yet, it is too early.

This week is the third Quadruple Witching Week in 2024. Historically, the week after the Quadruple Witching Day in the U.S. stock market has mostly been a correction;

Combined with the release of the aggressive sentiment caused by the interest rate cut, we are now entering a rational cooling-off phase.

This week, the market is expected to fluctuate between 59500 and 65000. The supply and demand of the US stock market opening tonight will determine the height.

Ethereum is a bit weak, and various big names have thrown it away or buried it, but it has a strengthening trend recently, and there is relatively high pressure near 3050.

Copycat:

After SUI became the target of Grayscale Trust's asset management, it has been sparking and lightning all the way. Grayscale Select is worth participating in.

Grayscale's SUI Trust has doubled its asset management scale in the past week, and its price has also been rising steadily. The APT that is currently associated with this trust is also using the MOVE language L1.

Modular public chains, which are also public chains, also performed well: CXT was the first to start, and after the merger, the market was delayed and the trend was stable.

As a merger project, FET also led the Ai sector upward. There is also TAO, a dark horse in this round. Old friends all know that TAO is one of the targets recommended by Shang Ge in 23 years. A wave of three times;

Are there any other sisters-in-law who changed their pens, changed their names, or merged and are lying in the back row, unable to stand up?

 

PS:

The above content is for communication purposes only and is not intended as investment advice. If you invest based on this information, you will be responsible for any consequences.