Binance: HOLO Event Timing to be Delayed Until 6:30 PM Today

On September 11th, Mogu Inc. (MOGU.US) experienced a 200% pre-market surge in the US stock market. Previously, Mogu Inc. announced that during the second quarter of this year, the Board of Directors approved a strategic allocation of corporate assets to digital assets, mainly consisting of Bitcoin, Ethereum, and Solana, as well as related securities and investment products. By leveraging the company's extensive AI research and development expertise, this action aims to expedite the company's entry into decentralized AI applications and services while enhancing fund diversification and long-term value preservation.

On September 11th, Jordan Rochester from Mizuho Bank pointed out that the sharp increase in initial jobless claims was mainly driven by Texas. Perhaps this is the reason why the bond market is giving back some of its earlier gains. "It is difficult to get overly excited about this surge in claims. Do not regard it as a long-term trend as it is mainly driven by an anomaly in Texas." (FXStreet)

September 11th. This Thursday, a U.S. government report indicated that the number of initial jobless claims rose sharply to nearly a four-year high. In the short-term interest rate futures market, the betting on a Fed rate cut continued to increase. It shifted from expecting at least two rate cuts by the end of this year to betting on four consecutive rate cuts from September to January next year. Eventually, it priced in three rate cuts by the end of the year, suggesting that the Fed will cut rates in all the remaining meetings this year. However, the August CPI growth was stronger than anticipated, which might prevent the Fed from making significant rate cuts. The probability of a 50 basis point rate cut by the Fed in September increased slightly from 8% before the announcement to 10.9%. (FXStreet)

September 11th: Traders have decreased their wagers on the loose policy of the European Central Bank, suggesting that the rate-cutting cycle has come to an end. (FXStreet)

September 11th. Based on Coinglass data, in the past 1 hour, the total liquidation across the entire network reached $81.2241 million. Among them, $54.4477 million was in long liquidations and $26.7764 million was in short liquidations. In the past 24 hours, a total of 135,636 people worldwide have experienced liquidation, and the total liquidation amount is $296 million. The largest single liquidation took place on Bybit - BTCUSD, with a value of $5 million.

On September 11th, in the US stock market, Ethereum reserve concept stocks surged in pre-market trading. These included: · SharpLink Gaming (SBET.US) with an increase of 1.31%; · Bitmine Immersion Technologies (BMNR.US) up by 3.51%; · ETHZilla (ETHZ.US) rising by 4.82%; · BTCS (BTCS.US) with a gain of 0.48%; · COIN (Coinbase.US) increasing by 0.85%; · Bit Digital (BTBT.US) up by 84%.