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Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant
Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant

CryptoQuant reports that bitcoin exchange deposit addresses have reached a multi-year low, signaling a potential easing of selling pressure.Bitcoin exchange reserves have dropped by around 15% since the beginning of the year, according to CryptoQuant data.

The Block·2024/09/17 16:24
What will the Fed’s rate cut mean for the global economy?
What will the Fed’s rate cut mean for the global economy?

Share link:In this post: The Fed is set to cut interest rates for the first time since COVID, which will shake global markets, currencies, and commodities. A stronger dollar has crushed weaker currencies like the Japanese yen and Turkish lira, while central banks scramble to control inflation. Ray Dalio warns that the Fed’s decision could worsen the US debt problem and spark more political chaos ahead of the election.

Cryptopolitan·2024/09/17 16:00
Federal Reserve Announces 0.5% Interest Rate Cut, Bitcoin Soars Above $60K
Federal Reserve Announces 0.5% Interest Rate Cut, Bitcoin Soars Above $60K

Interest rates are coming down faster than the market had expected earlier this month.

Cryptopotato·2024/09/17 16:00
Bitcoin Standard Author Challenges Michael Saylor: Should Banks Offer Yield On Your BTC?
Bitcoin Standard Author Challenges Michael Saylor: Should Banks Offer Yield On Your BTC?

Saylor thinks JPMorgan could provide customers with risk-free yield on their Bitcoin. Saifedean says those banks will end up just like Celsius and BlockFi.

Cryptopotato·2024/09/17 16:00
Flash
08:09
Bitget now supports 15 stock tokens, including Nvidia and Micron, as contract margin.
Odaily reports that, according to an official announcement, Bitget has added 15 new US stock tokens as collateral assets in the Unified Account and USDT-Margined Contract Cross-Margin modes. The supported assets include: rAAPL, rAMZN, rMETA, rMU, rTSLA, rGOOGL, rNVDA, rINTC, rMSFT, rASML, rAVGO, rTSM, rSNDK among core technology assets, as well as the large-cap index tokens rQQQ and rSPY. After the update, users holding these US stock spot tokens can directly use them as margin for contract trading, supporting more flexible fund management and cross-market risk hedging. For more details, please refer to Bitget's official platform announcement.
08:09
The exchange rate of Indonesian Rupiah against the US Dollar hits a historic low
After opening on the 4th, the exchange rate of the Indonesian rupiah against the US dollar fell below the 1 USD to 18,000 rupiah mark. Subsequently, it further dropped to 1 USD to 18,014.5 rupiah on the morning of local time, setting a new record low. Influenced by factors such as continued tensions in the Middle East driving up commodity prices and a surge in global risk aversion sentiment, the Indonesian rupiah has continued to weaken against the US dollar since the beginning of this year. In the face of sustained pressure on the rupiah, Bank Indonesia stated that it will continue to optimize its policy toolkit, intensify market intervention, maintain ample liquidity in the foreign exchange market, and ensure the stable operation of the financial market. Recently, Bank Indonesia has further tightened policies on US dollar purchases to curb speculative buying and ease depreciation pressure on the rupiah. At the same time, Bank Indonesia is expanding the application scope of its local currency settlement mechanism to reduce reliance on the US dollar and lower exchange rate volatility risks. (Xinhua News Agency)
08:08
Indonesia Stock Exchange states that market fundamentals remain strong
The Indonesia Stock Exchange stated that market fundamentals remain strong.
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