Yesterday's US Ethereum Spot ETF saw a net outflow of $446 million

On September 6th, David Kelly, the Chief Global Strategist of JPMorgan Asset Management, stated in a recent interview with CNBC that the weak August jobs report and other economic data suggest that the weakening trend of the US economy is intensifying. "Although the current economy is not in a recession, it is gradually slowing down. All data consistently show that this already stumbling economy - like a tortoise always moving slowly forward - is now almost exhausted." Kelly also believes that given the deterioration of the job market data, the Fed's expected rate cut will not be able to boost the overall economy. "I see today's stock market rise, which clearly reflects the market's expectation of an imminent rate cut. However, this does not solve the fundamental problem. The government needs to realize that if they cut rates now, it will reduce the interest income of retirees while sending more rate cut signals to the market. In that case, borrowers have no reason to borrow more mone

September 6th. Mizuho Bank declared that the U.S. August non-farm payroll report further verified the weakening tendency in the labor market. The growth in employment, working hours, and income has regressed to the levels during the pandemic period. Regardless of inflation, it is almost certain that the Federal Reserve will cut interest rates at the September meeting. A 25-basis-point rate cut is almost a certainty. However, if August inflation is weaker than expected, a 50-basis-point cut is more likely. The Fed's previous inflation forecasts have been "slapped in the face" by reality, while its 2026 unemployment rate forecast is at risk of not being achieved. They were overly pessimistic about inflation before and overly optimistic about the labor market. It is expected that the Fed will initiate a round of sustained easing cycle, aiming to lower interest rates to its perceived "neutral level" by March 2026, which is around 3%. The new Fed chair is likely to further increase stimulus

On September 6th, according to data from Farside Investors, the net inflow of the U.S. Bitcoin spot ETF this week was $250 million. It includes: BlackRock IBIT: +$4.343 billion Fidelity FBTC: +$25.1 million Bitwise BITB: -$76.9 million ARK ARKB: -$81.5 million BTCO: +$2.2 million Franklin EZBC: -$3.2 million VanEck HODL: -$13.2 million Grayscale GBTC: -$69.7 million Grayscale BTCM: +$33.2 million

On September 6th, according to the report in The Straits Times, Do Kwon, the co-founder of the now-defunct blockchain company Terraform Labs, had his request to recover about 50% of the purchase price of a penthouse on Orchard Road rejected by the High Court of Singapore. Five months prior to the collapse of his cryptocurrency TerraUSD and Luna in 2022, Do Kwon had his eyes set on the $38.8 million Sculptura Ardmore apartment. High Court documents reviewed by The Straits Times show that he had selected a 7,600 square feet (approximately 706 square meters) duplex four-bedroom penthouse on the 19th floor of the apartment, which was one of only three penthouses in the development. Do Kwon had paid around $19.4 million (about 50% of the total purchase price) through an option fee and subsequent payments. However, the deal fell through, and the property was subsequently resold to another party for $34.5 million. It is reported that Sculptura Ardmore was launched by develope

On September 6th, as per Cointelegraph, SharpLink Gaming (SBET) intends to pledge a certain amount of its $3.6 billion Ethereum Treasury funds on the Linea network subsequent to the mainnet's launch on September 10th.

On September 6th, Binance officially announced on social media that users whose Alpha score is greater than or equal to 224 can participate in this Starpower (STAR) exclusive TGE event through the Alpha event page. Participating in this event will consume 15 points.