Pimco: Weak U.S. Economic Data to Prompt Fed's Continued Rate Cuts

On September 17th, Monex Europe analysts stated in a report that if the Federal Reserve does not give a hint of further rate cuts during the Wednesday meeting, the US dollar may experience a temporary upward movement. The institution indicated that it still anticipates that the Fed will initiate a sustained easing cycle. However, it remains to be seen whether the FOMC is ready to strongly support such a rate path. If the Fed's guidance is cautious, the dollar may continue its current moderate gains. Nevertheless, any upside is likely to be temporary as the Fed may emphasize the softness in the labor market. (FXStreet)

September 17th: On the eve of the Federal Reserve's interest rate decision (with the market widely anticipating a 25 basis point rate cut to be announced), the yield on U.S. long-term Treasury bonds edged downwards, and the 10-year bond yield was approaching the 4% level. Short-term bond yields remained steady as the market had already factored in the rate cut expectation. Nevertheless, if the decision touches upon future interest rate trends, yields may become volatile. Frank Walbaum of Naga stated in a report: "Bond investors remain vigilant and anticipate that yields will react." This market analyst pointed out that if economic expectations deteriorate or if there is guidance suggesting further rate cuts in the future, it could lead to a further drop in bond yields and the U.S. dollar exchange rate; however, if a more cautious signal is issued, it may temporarily alleviate market pressure. (FXStreet)

On September 17th, Forward Industries, which is the largest Solana treasury company, announced today that it has submitted a $4 billion ATM plan to the U.S. SEC in order to support its Solana financial strategy. This plan will be utilized for general corporate purposes, such as continuously implementing the Solana strategy, purchasing income-generating assets, and undertaking other capital expenditures. Previously, Forward Industries has completed a $1.65 billion PIPE private placement, with Galaxy Digital, Jump Crypto, and Multicoin Capital taking the lead. It has also purchased more than 6.8 million SOL, thus becoming the world's largest publicly traded Solana treasury company.

On September 17th, the CEO of OKX, Star, tweeted, saying, "Let me reiterate once more. The Boost mechanism is fundamentally distinct from similar mechanisms on other platforms. Its purpose is to connect real DEX users with high-quality projects. The reward amount and threshold for each round are set dynamically, and there are built-in anti-whale and anti-wash trading rules. There has never been an assumption of 'risk-free profit.' 'Carpetbagging studios' should not compete with real users for rewards; instead, they should give the opportunity to the true Web3 Builders."

On September 17th, according to the "Hot Coin Catcher" data of Bybit Web3, in the past 24 hours, the prices of 2 tokens have increased by more than 30%. Among them, CUDIS has risen by 34% and CLIPPY has increased by 31%.

The smart whale Aqvd6S, who profited $11.7M on $TRUMP, just transferred the 2M $HOLO($791K) accumulated yesterday to 10 new wallets for staking.