Yesterday (9/18) the three major U.S. stock indices all closed at historical highs, with the Russell 2000 index focusing on small-cap stocks soaring 2.5%. After the Federal Reserve cut interest rates by 25 basis points on Wednesday, cryptocurrency prices rose, with altcoins leading the way. BNB surpassed the 1000 yuan mark for the first time yesterday, and Solana, AVAX, and LINK also performed well. Bitcoin (BTC) and Ethereum (ETH) had relatively flat performance.
U.S. stocks rose across the board, Nvidia invested 5 billion dollars in Intel.
Yesterday (9/18) the three major U.S. stock indices all closed at historical highs, with the Russell 2000 index focusing on small-cap stocks soaring 2.5%. Nvidia invested 5 billion dollars in Intel, boosting the stock price of the struggling chipmaker by 23%.
(Chip alliance reshuffle! Nvidia invests $5 billion in Intel to jointly develop AI and PC chips)
This optimistic sentiment reflects market expectations that the Federal Reserve will further cut interest rates, while the economy and job market remain relatively resilient. The number of initial jobless claims in the U.S. last week was reported at 231,000, expected at 241,000, marking the largest decline in nearly four years, indicating that U.S. companies are still retaining employees.
U.S. President Trump will talk to Chinese President Xi Jinping on Friday to discuss extending the trade truce and the sale of TikTok's U.S. business.
(Preliminary agreement on TikTok in the U.S. revealed: Oracle, a16z, and Silver Lake take stakes, ByteDance exits operations)
BNB breaks the 1,000 yuan barrier; is the altcoin season coming?
After the Federal Reserve cut interest rates by 25 basis points on Wednesday, cryptocurrency prices rose, with altcoins leading.
The altcoin season index has finally surpassed the threshold of 75, reaching a level of 77. BNB has exceeded the 1,000 yuan mark for the first time yesterday, and Solana, AVAX, and LINK have also performed well.
The U.S. Securities and Exchange Commission (SEC) has approved new general listing standards for ETFs. In the future, as long as cryptocurrency ETFs meet the standards, exchanges (including Nasdaq, Cboe BZX, and NYSE Arca) can list compliant products without needing to submit rule change proposals to the SEC in advance. Bloomberg analyst Eric Balchunas stated that about 12-15 tokens currently have futures on Coinbase, and there could be hundreds of cryptocurrency ETFs listed in the coming year.
(SEC approves general listing standards for ETFs, Bloomberg analyst: there could be hundreds of cryptocurrency ETFs listed in the coming year)
This article notes that the three major U.S. stock indexes have reached new highs again, BNB has exceeded the 1,000 yuan mark for the first time, and the altcoin season is about to arrive? Originally appeared in Chain News ABMedia.
