1.Crypto Market Continues Morning Dive, Ethereum Falls to $4,100, Bitcoin Breaks Below $113,000
2.Early High Flyers Experience Uniform Decline, ZORA Plunges Over 19% in a Single Day
3.$532 Million Liquidated Across the Board in the Past 24 Hours, Ethereum Leads in Major Liquidations
4.Bitcoin DeFi Protocol Lombard to Launch Community Token Sale on Buidlpad, Valued at $4.5 Billion
5.ALT5 Sigma Clarifies "Under SEC Investigation" Reports: Jon Isaac Not a Company Executive
1. "Financials Turn from Loss to Profit, First RWA Stock Figure Set to Go Public"
Yesterday, Figure Technology Solutions (FTS) – the fintech company founded by SoFi co-founder and former CEO Mike Cagney – submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to trade on NASDAQ under the ticker FIGR, officially initiating the listing process. Different from the traditional financial institution playbook, Figure has been blockchain-native from its inception, reshaping the financial landscape of home mortgages and crypto-backed loans.
2. "Will the Market Always Rise After a September Rate Cut?"
The interest rate cut in September this year seems to be a high-probability event. The biggest question now is: Will the market rise after the rate cut? From historical experience, the answer is likely yes, but it doesn't mean the market will rise immediately after every rate cut. In the market's intuition, "rate cut" is almost equivalent to the release of liquidity and a signal of asset price appreciation. However, looking back over the past thirty years, it is clear that the Fed's rate cuts are far from being as simple as they seem on the surface. Sometimes it is a preventive measure to avert risks, and sometimes it is an emergency relief measure to support the market in times of crisis.
Daily Market Overall Fund Flow Heatmap (reflected by funding rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
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