NGP Token of the New Gold Protocol Suffers Attack, Losing Approximately $2 Million

September 18: Jean Boivin, who is the Managing Director of BlackRock Investment Institute, expressed that the likelihood of a Fed rate cut is likely to be contingent on whether the labor market remains sufficiently weak. He pointed out that Powell referred to the Fed's latest rate cut as "risk management" in response to the indications of a worsening weakness in the employment market. This may imply that future policy actions will be highly dependent on data performance. Boivin believes that the Fed may encounter pressure in controlling inflation and debt-servicing costs. Although these pressures are subsiding, if the rate cut boosts business confidence and hiring activities, inflation could easily rekindle. In this context, a further weakening of the labor market will provide more grounds for the Fed to cut rates further. (FXStreet)

On September 18th, as per Beincrypto, the Japanese casual clothing retailer Mac House announced that its shareholders' meeting has given the green light to the company's renaming to Gyet Co., Ltd., signifying a strategic shift into the cryptocurrency and digital asset realm. The company's amended articles of incorporation have incorporated a wide range of digital businesses, such as cryptocurrency acquisition, trading, management, and payment services, as well as cryptocurrency mining, staking, lending, and liquidity mining. Furthermore, it includes blockchain system development, NFT-related projects, as well as generative AI and data center operation research. Previously, Gyet had launched a $11.6 million Bitcoin acquisition plan and tested mining operations in US states with relatively low electricity costs like Texas and Georgia, with the aim of holding more than 1,000 BTC.

September 18th, Nomura Securities: It is anticipated that the Federal Reserve will reduce interest rates by 25 basis points in both October and December. The previous prediction was that the rate cut would occur in December only. Additionally, it is expected that the Fed will lower rates by 25 basis points in March, June, and September of 2026. (FX678)

September 18th. Binance Alpha is scheduled to list Ark of Panda (AOP) on September 19th. Once trading commences, eligible users will be able to participate in the airdrop event by using Alpha Points on the Binance Alpha event page.

On September 18th, the Sui ecosystem AI project DeAgentAI announced that it has revised its official whitepaper to Version 2. According to the announcement, the new version of the whitepaper mainly incorporated the "Tokenomics" and "Staking Mechanism" sections. The Tokenomics section offered a detailed clarification of the $AIA's core functions, value capture model, token distribution ratio, and detailed release regulations. The Staking Mechanism chapter expounded on the value of $AIA and the staking gameplay. Moreover, the whitepaper also disclosed security audit reports issued by multiple institutions, with a focus on core components such as the token contract and cross-chain bridge.

On September 18th, according to Farside Investors' data, yesterday the US Bitcoin spot ETF witnessed a net outflow of $51.3 million. This includes: a net inflow of $149.7 million in BlackRock's BIT; and a net outflow of $116 million in Fidelity's FBTC.