DailyNews

Golden Finance reported that according to on-chain analyst Yu Jin's monitoring, user @pokeepandaa exchanged $14.98 million worth of ETH for BTC in the past 2 hours: he sold 6,356.6 ETH (worth $14.98 million) at a price of $58,133 to exchange for 257.7 WBTC, with an ETH/BTC exchange rate of 0.04055. As the ETH/BTC exchange rate continues to decline, some Whales have recently exchanged ETH for BTC.

Odaily Planet Daily News Decentralized Finance platform Pendle has launched a new product, offering up to 45% variable yield pool for Token supported by BTC (BTC), as well as a 10% fixed Annual Percentage Rate option. Users can deposit LBTC (Lombard) into the Pendle pool created by Corn on the ETH L2 network. Since its launch, the pool has attracted over $13 million in deposits and will mature on December 26th. Pendle CEO TN Lee stated that they aim to replicate the success of fixed income for BTC as seen with ETH. Pendle achieves high yields by splitting Decentralized Finance protocol investments into Principal Token (PT) and Yield Token (YT). (Coindesk)

Odaily Planet Daily News Scam Sniffer posted on platform X: 'We have detected a malware called Fato Reader, which specifically targets Cryptocurrency users. The number of Cryptocurrency theft cases is rapidly increasing due to malware, so everyone needs to stay vigilant.'

According to Spot On Chain monitoring, the Salvadoran government has been buying 1 BTC daily for 665 consecutive days, unaffected by market fluctuations. Currently, the Salvadoran government holds 5,871 BTC worth approximately $342 million. Among them, the average purchase price of the publicly disclosed 3,046 BTC is only $43,888.

According to the latest data from Santiment, a blockchain analysis platform, the volume of BTCWhale has significantly decreased since BTC reached its all-time high in March. Santiment pointed out in a post on September 11 that "Cryptocurrency Whale trading activity has decreased significantly since mid-August." Since BTC reached a high of $73,679 on March 13, the weekly BTC volume worth $100,000 or more has decreased by 33.6%. Santiment emphasizes that this is not a bearish signal, as Whales will remain active in the market during bull and bear cycles. With market sentiment still in a state of 'fear', investors are waiting for the next buying or selling opportunity.

The United Kingdom government has submitted a bill to parliament on the legal status of digital assets such as cryptocurrency, non-fungible tokens and tokenized real-world assets (RWA). The bill would provide greater legal protection for owners of BTC and other digital assets. The bill introduces a new category of personal property, "things", which will apply to certain digital assets. Once enacted, it will help the legal profession determine ownership in disputes such as divorce and provide protection to Cryptocurrency owners who have suffered scams and frauds. （Coindesk）

Odaily Planet Daily News: Adam, a researcher at Greeks.live, stated in a post on X platform that as this week is about to end smoothly, the US presidential debate and macroeconomic data have not brought significant fluctuations. The market expects the Fed to cut interest rates next week, and the probability of a 25 basis point cut from the Intrerest Rate trading data provided by CME is 87%, while the probability of a 50 basis point cut is only 13%. Meanwhile, in terms of Options data, it can be seen that the IV of major maturities has decreased significantly, and the market's expectation of fluctuations has fallen through. The market theme for September is still oscillation.

According to data from CryptoQuant, in the current risk-averse environment, investors seem to prefer traditional safe-haven assets such as gold rather than BTC. The correlation between BTC and gold has recently dropped sharply to a negative value. The price of gold has recently reached a new high of over $2,500 per ounce, while BTC has been falling, currently down more than 20% from its historical high of over $73,000 set in March. As investors buy gold and sell BTC, the U.S. stock market has performed poorly, with the S&P 500 index falling 3.6% since August 30th. CryptoQuant's Bull Market-Bear Market cycle indicator has been in the Bear Market phase since August 27, when the trading price of Bitcoin was $62,000. Since August 26th, the MVRV ratio (market value to realized value) has been consistently below the 365-day moving average, indicating that the price may further adjust. The MVRV ratio falling below the moving average is a precursor to a 36% decline in BTC in May 2021. (CoinDesk)

Odaily Planet Daily News BTC ecosystem protocol BTA Protocol announced the completion of Series A+ financing, led by Crypto Labs, with participation from Cityblok, BlackBridge, etc., with the amount of financing undisclosed. It is reported that BTA Protocol is a Decentralization ecosystem protocol based on BTC, which includes stake protocol (Staking), Liquidity protocol (Liquidity), Range Stability protocol (RSP), Launchpool, and lending protocol (Lending). BTA Protocol will launch X Layer at the end of September.

Golden Finance reported that 40,000,000 MATIC ($15,577,183) was transferred from CryptoCom to an unknown Wallet, according to Whale Alert monitoring.

Odaily Planet Daily News According to CryptoQuant analyst Burak Kesmeci, the current funding rate of Ethereum (ETH) may indicate an imminent significant pump. Kesmeci analyzed the funding rate data of ETH over the past year and found two similar periods of 'calm before the storm.' In September 2023, the funding rate fluctuated between 0.002 and 0.005, and then surged after breaking through 0.015, causing the price of Ethereum to soar from the $1500 range to over $4000. In September 2024, the Ethereum funding rate has been maintaining a similar level for nearly a month. Kesmeci said, 'Although it is uncertain whether history will repeat itself, there does seem to be some kind of pattern in the market.' He pointed out that the crypto market usually becomes active in the fourth quarter after the intensive summer holidays. Kesmeci suggested that investors closely follow the funding rate to see if it surpasses the key threshold of 0.015, considering it as a core indicator for tracking healthy rises in the Bull Market cycle.

Odaily Planet Daily News Nvidia is rapidly expanding its investment in AI startups. Since the comprehensive outbreak of the generative AI frenzy in 2023, Nvidia has participated in a total of 74 financings, with a total investment of over 10.9 billion US dollars. Nvidia is promoting enterprise purchase and use of GPU by providing funds to consolidate its leading position in the AI chip field. It is reported that Nvidia has invested in 18 of the 42 generative AI unicorns worldwide. (Jinshi)