Rhythm Morning News｜A summary of important news from last night and this morning on August 23
The three major U.S. stock indices continued to fall, with the Nasdaq down 1.33%
BlockBeats news, on August 23, according to market data, the three major U.S. stock indices continued to decline, including:
· S&P 500 fell 0.72%;
· Nasdaq fell 1.33%;
· Dow fell 0.46%.
BlockBeats news, on August 23, analysts said that the FOMC's July meeting minutes were too dovish, making it clear that the Fed will cut interest rates in September, which is the most information Powell can reveal in his Jackson Hole speech on Friday. This will make traders (overly) optimistic that there will be four rate cuts by the end of the year, while the Fed may only cut interest rates two or three times. We can see that the swap market is pricing in a rate cut of about 95 basis points by December, suggesting that the Fed will cut interest rates at each of the remaining three meetings this year, and suggesting that one of them will be a large rate cut. And if you pay attention to the discussions of Fed officials, you will find that this is an extremely optimistic view. The Fed is more likely to skip the November meeting to gain consensus on rate cuts, so it may end up cutting rates by only 50 basis points this year. (Jinshi)
BlockBeats news, on August 23, according to Trader T data, Grayscale Ethereum spot ETF ETHE has outflowed 30.4% in 22 trading days since its listing. At the current rate, it is expected to outflow 50% in 66 days (until October 21).
This morning, a dormant address containing 19 BTC was activated after 10.7 years
BlockBeats news, on August 23, according to Whale Alert monitoring, at 2:49 am today, a dormant address containing 19 BTC (1,169,293 USD) was activated after 10.7 years of dormancy. The cost of buying it in 2013 was about 15,452 USD.
Cumberland received 100 million USDT from Tether 7 minutes ago and began to transfer to CEX
BlockBeats news, on August 23, according to Arkham monitoring, Cumberland received 100 million USDT from Tether 7 minutes ago and began to transfer to CEX. Among them, 1 minute ago, Cumberland transferred 12.505 million USDT to Kraken.
BNB Chain: Adapted to Ethereum client Erigon 3 and integrated with Parlia consensus protocol
BlockBeats news, on August 23, according to the official announcement, BNB Chain announced that it has successfully adapted and integrated the Ethereum client Erigon 3 with the Parlia consensus protocol. Parlia is the consensus mechanism used by BNB Chain (BSC), which combines the characteristics of DPoS and PoA. BNB holders elect validators to achieve faster block times and lower transaction costs. The integration of Erigon 3 and Parlia will bring performance improvements to users. On the BSC test network (Chapel), Erigon 3 showed significant performance improvements: disk usage was reduced by 50%, and synchronization time was shortened from one week to about 10 hours.
BNB Chain plans to release the mainnet version around September 30, 2024, and will continue to support Erigon 2 for a period of time to ensure a smooth transition. Currently, the Erigon 3 Alpha 2 version is online on the testnet, and users can test and provide feedback.
Fractal Bitcoin announced the restart of the testnet and adjusted the engraving service policy
BlockBeats reported that on August 23, Fractal Bitcoin announced on the X platform that its testnet engraving service has been officially reopened and adjusted its service policy. The new policy cancels the previous free offer for the first 25 inscriptions, and now requires that all inscriptions in each batch must pay a service fee. At the same time, the upper limit of a single batch of engravings has been reduced from 1,000 to 100. Fractal Bitcoin said that these adjustments are aimed at optimizing the user experience and addressing potential issues to provide a smoother and more efficient testing experience.
BlockBeats reported that on August 23, according to market data, the BSC chain Meme token Simon's Cat (CAT) currently has a market value of $162 million, is currently quoted at $0.000018, has a trading volume of $117 million in 11 hours after launch, and a liquidity pool of $11.64 million.
BlockBeats previously reported that on August 9, Floki officials posted on social media that Simon's Cat meme coin will be launched on TokenFi Launchpad on August 20. 18.5% of the total will be distributed to FLOKI token holders.
BlockBeats reminds users that Meme coins have no real use cases, and the price fluctuates greatly, so investment should be cautious.
BlockBeats news, on August 23, according to CoinDesk, Binance's new CEO Richard Teng talked about Binance's many changes and plans in an interview. Teng said that Binance is no longer a "founder-led" model, but has transformed into "a more decentralized company" led by the board of directors. Binance has introduced 3 independent directors and gathered an experienced team of executives to be responsible for daily operations. The purpose of this transformation is to strengthen corporate governance in response to an increasingly stringent regulatory environment.
Teng made it clear that Binance has no plans to seek an IPO at present. Binance is in good financial condition and has been profitable since the fifth month of 2017. It does not need to raise funds through an IPO or other financing methods. In addition, Teng also mentioned Binance's challenges in global compliance. He revealed that Binance currently has 19 regulatory licenses in various places, but in the absence of clear guidance, it still has to carefully weigh the impact of local regulations and taxes. The detention of Binance's US employees in Nigeria is still being processed. Teng said that Binance will not rush to return to the US market, but will carefully evaluate changes in the regulatory environment.
Coinbase International will launch RENDER, SAGA and T perpetual contracts
BlockBeats news, on August 23, Coinbase will add support for Render, Saga and Threshold perpetual futures on Coinbase International Exchange and Coinbase Advanced.
RENDER-PERP, SAGA-PERP and T-PERP markets will open on or after 9:30 am UTC on August 29, 2024.
CZ may have left prison, but is still in custody
BlockBeats news, August 23, according to Decrypt, according to information from the U.S. Bureau of Prisons, CZ is expected to be released on September 29. But some crypto communities seem to have mistakenly and prematurely celebrated the freedom of the crypto entrepreneur.
This confusion may be partly due to CZ's transfer from a minimum security prison in Southern California to RRM Long Beach this week. This is a residential program that prepares prisoners nearing the end of their sentences to reintegrate into society. RRM, or the Office of Reentry Management, is often referred to as a "halfway house."
From a technical analysis, some Twitter users claim that CZ has been released from prison, which is correct. But he is definitely still in the custody of the U.S. government and cannot move freely. By the end of September, CZ should have his freedom of movement restored and could return to Dubai to reunite with his family.
X public shareholder list: Binance, a16z and other crypto and AI-related companies participated
BlockBeats news, on August 23, according to Decrypt, X company (formerly known as Twitter) disclosed a shareholder list, revealing that when Elon Musk acquired the platform for $44 billion in 2022, multiple companies related to cryptocurrency and artificial intelligence participated in the investment. These shareholders include Binance Capital Management, Andreessen Horowitz (a16z), which has invested in crypto companies such as Coinbase and Anchorage Digital, and ARKInvest, which holds shares in Robinhood and AI developer Anthropic. In addition, the list also includes nearly 30 entities related to Fidelity. The list was made public in response to a court order, and the identities of most shareholders have not been disclosed to the public before.
Colombian authorities accuse Worldcoin of violating personal data protection regulations
BlockBeats reported that on August 23, CoinDesk reported that the Colombian Industrial and Commercial Supervision Bureau (SIC) accused Worldcoin and the company behind it, Tools for Humanity, of violating personal data protection regulations. SIC said in a statement that the accusation was a preliminary prosecution and not a formal accusation, aimed at determining whether these companies violated Colombia's data protection laws in their personal data collection and processing policies. Worldcoin currently collects personal data in 25 locations in Colombia, including cities such as Bogota, Medellin, Cartagena and Barranquilla. If convicted, SIC may impose economic sanctions on it, or temporarily or even permanently close its operations in Colombia.
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