Bitget has launched the U-based 0G Disk Contract, with leverage ranging from 1 to 20x.
September 18th. According to an official announcement, Bitget has announced the commencement of its U-based 0G pre-contract, and the leverage range is from 1 to 20x. Users are able to trade through the official website or the Bitget APP.
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Analysis: The Fed's final rate cut is expected to exceed its currently implied level
September 18th - The economists at the Netherlands International Group stated in a report that the main reason for the Fed's rate cut was the downside risks facing the US labor market. Given the recent weak job data, this reason was not astonishing. Fed Chair Powell characterized this rate cut as a "risk management-based rate cut" as, on the surface, the US economic conditions seemed to be acceptable.
However, the economists pointed out that a more in-depth analysis would show that the situation was evolving, and the most significant change was reflected in the labor market. The institution's economists also noted that the Fed raised its expectations for economic growth and inflation while lowering its expectations for the unemployment rate, indicating that policymakers believed that taking prompt and strong actions in the coming months would have a tangible impact on the economy. We believe that the Fed's final rate cut will exceed its current implied level. (FX678)
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Ethereum Withdrawal Acceleration, 24h Net Outflow of 121.8K ETH from CEXs
On September 18th, according to Coinglass data, during the past 24 hours, CEXs have experienced a total net outflow of 121,800 Ethereum. The top three CEXs with outflows are as follows:
· Coinbase Pro, with an outflow of 103,200 ETH;
· OKX, with an outflow of 25,300 ETH;
· KuCoin, with an outflow of 6,255.75 ETH.
In addition, Binance saw an inflow of 14,400 ETH and ranked first in the inflow list.
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Meme Coin Enthusiast Erects Gold Statue of Bitcoin in Honor of Trump Near US Capitol
On Wednesday, September 18th, meme coin enthusiasts carried out a stunt during a live broadcast on Pump.fun. They placed a huge gold statue of President Donald Trump holding a Bitcoin outside the United States Capitol Building as a tribute to this crypto-friendly president. The statue was set up across from Union Square in Washington, D.C., which is on the National Mall leading to Capitol Hill and about a mile away from the White House.
The event's website stated that this action was to pay tribute to Trump's firm commitment to "paving the way for the financial future through Bitcoin and decentralized technology." As the statue was unveiled, the Fed cut interest rates by 25 basis points for the first time this year. This is generally regarded as positive for risk assets like cryptocurrencies because it reduces the cost of borrowing.
The organizers emphasized Trump's pro-crypto stance. One of the statue's organizers, Hichem Zaghdoudi, told ABC 7News DC that the statue "aims to stimula
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A Whale Suspected of Liquidating 8711.3 ETH, Profits Exceeding $5.2 Million
September 18th. According to on-chain analyst AI Sister @ai_9684xtpa, the whale address that had been re-accumulating ETH after two years seems to have liquidated its holdings. It is likely that a profit of $5.23 million was realized upon selling.
From July 28th to September 14th, the whale accumulated a total of 8711.3 ETH at an average price of $3876 (approximately $33.76 million). The ETH was sold in two separate transactions. The most recent transaction took place just 2 hours ago when 5000 ETH was sent to an exchange. The total holding period was less than three months, resulting in a return on investment of 15.5%.
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