JPMorgan Chase: Expects Fed to Cut Interest Rates by 25 Basis Points in September
On September 10th, JPMorgan Chase anticipates that the Federal Reserve will reduce interest rates by 25 basis points in September. Despite the uncertainty in the inflation data, it is projected that the year-on-year growth rate of CPI in August will be 2.9%, and the core CPI year-on-year growth rate will remain stable at 3.1%. In the event that the inflation data surpasses expectations, the rate cut might be postponed until October or December. JPMorgan Chase maintains a tactical bullish stance while emphasizing that inflation, employment, and trade risks still pose potential concerns.
6 hours ago
In the past 24 hours, the whole network has seen $380 million in liquidations, with both longs and shorts getting rekt.
On September 10th, based on Coinglass data, within the past 24 hours, there have been liquidations amounting to 380 million USD across the entire network. The long positions have been liquidated at 222 million USD, and the short positions have been liquidated at 158 million USD.
6 hours ago
Native Markets: Intends to collaborate with Bridge to issue USDH, and will maintain technological neutrality if the bid is successful.
On September 10th, the leader of the Hyperion community, Max, stated at the "USDH Stablecoin Roundtable Conference" held at Hyperliquid that when building a stablecoin system, it first needs to be somewhat innovative. Although there are many existing stablecoin solutions, Hyperliquid has a unique ecological positioning. Native Markets and Bridge clearly view USDH as a collaborative project, and the protocol will directly sign with Bridge (as I have emphasized multiple times), believing that necessary safeguards have been put in place. It should be noted that cooperating with licensed companies can also enable access to the infrastructure advantages of the Hyperliquid network - we value this very much, as its value far exceeds the institutional interface itself. Native Markets always maintains technological neutrality and ensures that this principle becomes a core consideration throughout the entire decision-making process.
As the least well-known bidder for USDH, Native Markets' propo
6 hours ago
Bloomberg: Strategy Model Stumbles as Cryptocurrency Treasury Fad Turns Skeptical
On September 10th, as per Bloomberg, among the more than 100 companies that have purchased cryptocurrency for their treasuries, the majority were established this year. Many of these are small companies that underwent overnight rebranding. Nonetheless, the crypto treasury craze has not completely died down, and some companies are still reaping benefits from the speculation wave. The stock price of Eightco Holdings Inc. soared by 3000% on Monday after it announced its plan to purchase Worldcoin and appointed Wall Street analyst Dan Ives to its board of directors.
For some companies, the appeal is evident: Packaging in the form of a publicly traded company can grant exposure to cryptocurrency and potential leveraged gains while leveraging the familiar stock format for investors. In individual cases, this model can still command a substantial premium. However, this approach is becoming overly crowded: Too many companies are jumping on the bandwagon, and apart from holding tokens, they ha
6 hours ago
Bastion Co-founder: Hyperliquidity Migration to USDH should be promoted, with new markets natively supporting USDH
On September 10th, Nass Eddequiouaq, the co-founder of Bastion Platform, stated at the "USDH Stablecoin Roundtable" hosted by Hyperliquid that they are inclined to motivate the migration of tens of billions of dollars in liquidity from USDC on Hyperliquid to USDH by means of a cost-reimbursement mechanism. Bastion Platform considers that the most crucial core element is to establish a robust flywheel effect: continuously drive the conversion from USDC to USDH through incentive mechanisms and ensure that all new markets constructed on USDH utilize USDH natively instead of USDC. We should transfer the existing ecosystem to this community-benefiting financial system, while all new ecosystems should no longer be encumbered by the legacy monetary system and must be inherently built on top of USDH.
BlockBeats previously reported that last Friday, Hyperliquid announced the launch of a "USDH Stablecoin prioritizing Hyperliquid, in line with the Hyperliquid ethos, and compliant", and reserved
6 hours ago
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