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Analysis: Tonight Powell may "mildly" hint at Fed rate cut in October

2 hours ago

September 17th. David Mericle, an economist at Goldman Sachs, stated in a report: "The crucial question for the September Federal Open Market Committee meeting is whether the Committee will convey that this is probably the first among a series of successive rate cuts. The statement is anticipated to recognize the weakness in the labor market, yet we do not think the policy guidance will be modified or suggest a rate cut in October. Nevertheless, Chairman Powell may subtly give a hint in this regard during the press conference." Mericle anticipates that the "dot plot" will exhibit two rate cuts rather than three, although the difference is slight. In fact, Powell's remarks during the post-meeting press conference are typically more significant than the Federal Open Market Committee's statement. Along with the statement and dot plot, officials will also issue updated forecasts for GDP, unemployment, and inflation. (Fx678)
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If Bitcoin drops below $115,000, the mainstream CEX long liquidation pressure will reach $1.279 billion

On September 17th, according to Coinglass data, if Bitcoin drops beneath $115,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.279 billion. Conversely, if Bitcoin surmounts $117,000, the cumulative short liquidation intensity on mainstream CEXs will merely be $41.8129 million. BlockBeats Note: The liquidation chart does not exhibit the precise number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates the extent to which reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.

7 minutes ago

A whale sold their 1-month LINK position, realizing a profit of $140,000.

On September 17th, according to Chainalysis, a significant holder sold 276,000 LINK (valued at $6.3 million) on the blockchain. This was a LINK that he had purchased a month earlier. By doing so, he realized a profit of $140,000. A month ago, on 8/17, he acquired 276,000 LINK by spending 1,401 ETH (worth $6.17 million) at an average price of $22.3 per LINK.

7 minutes ago

Plasma Partners with Rain Cards to Launch Cryptocurrency Payment Card, Allowing Spending of Plasma USD? at 150 Million Merchants Worldwide

September 17th. Plasma entered into a partnership with Rain Cards to issue encrypted payment cards on the Plasma Network. This enables Plasma USD? to be utilized at more than 150 million merchants worldwide.

7 minutes ago

Bitcoin briefly drops below $116,000

On September 17th, based on HTX market data, Bitcoin briefly fell below $116,000 and is currently trading at $116,021.

7 minutes ago

US Crypto Stocks Experience Larger Drop than Rise at Opening, Forward Industries Opens with Nearly 10% Decline

On September 17th, based on market data, the US stock crypto sector opened with mostly lower trends: Coinbase (COIN) decreased by 0.35%; Circle (CRCL) increased by 0.44%; MicroStrategy (MSTR) decreased by 0.30%; Bitmine (BMNR) decreased by 1.53%; SharpLink Gaming (SBET) decreased by 0.35%; Forward Industries (FORD) announced a $4 billion ATM plan today and opened down by 9.35%; The new SOL treasury stock Helius (HSDT) opened down by 5.98%.

7 minutes ago

A whale sold 11,360 ETH in just under 4 hours, and a total of 20,360 ETH over the past 3 days.

On September 17th, as monitored by Onchain Lens, within the past 4 hours, a whale disposed of 11,360 ETH at a price of 50.75 million USDC. In general, over the past 3 days, this whale has sold 20,360 ETH at a price of $4,508, amounting to a total of 91.79 million USDC.

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