September 2nd
Daily news sharing and summary from Brother Nine
✅️ Market Trends
$btc is down, altcoins are generally down.
Gold prices hit a historic high driven by expectations of interest rate cuts.
✅️ Market Highlights:
1⃣ Data: "XPL made a profit of $38 million"; a whale invested $30 million in WLFI and made a profit of $245 million.
2⃣ Metaplanet shareholders approved a plan to raise up to $3.8 billion to purchase more Bitcoin.
3⃣ Some associated tokens of WLFI are generally down: #DOLO, down over 35%; #B, slightly down 5%; #LINK, down 3%; #bonk, down 9%.
4⃣ LINEA launched contracts, with a market cap not low! The current pre-market contract quote is $0.041, which means an FDV of about $3 billion. This is lower than ARB, OKB, and slightly higher than OP, POL, SEI.
5⃣ The probability of the Federal Reserve cutting rates by 25 basis points in September is 89.7% (up from 86.4% yesterday), while the probability of keeping rates unchanged is 10.3%.
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