USDC Treasury Destroys 50 Million USDC On Ethereum

According to BlockBeats, on September 5, Whale Alert reported that the USDC Treasury completed the destruction of 50 million USDC on the Ethereum blockchain at approximately 21:01 UTC+8.

By Binance News

USDC Treasury Destroys 50 Million USDC on Ethereum

The Hong Kong Monetary Authority cut its base rate by 50 basis points to 5.25%.

In the past 24 hours, the entire network has liquidated $153 million, both long and short positions have exploded

DeFi lending platform Rari Capital reaches settlement with the US SEC for unregistered securities and brokerage services

Yesterday, Grayscale GBTC had a net outflow of US$8.1 million and ETHE had a net outflow of US$14.7 million

The three major U.S. stock indices and spot gold have completely given up the gains after the announcement of the interest rate decision

Powell: Not declaring victory on inflation

Powell: The labor market is in good shape and we hope it will stay that way

Powell: No rush to take action, the pace of interest rate cuts can be accelerated or slowed down depending on the situation

Powell: If the economy remains solid and inflation remains stubborn, the Fed may adjust policy more slowly

Spot gold hits $2,600, a record high

Powell: The overall US economy is strong, and a 50BP rate cut depends on confidence in the labor market

U.S. interest rate futures suggest the Fed will cut rates by 76 basis points by the end of 2024

Bitcoin falls back below $60,000 briefly

FOMC statement: Confidence in inflation has increased and is continuing to move toward 2%

Fed dot plot: median forecast for federal funds rate drops to 3.5% by the end of 2025

The Federal Reserve cut interest rates by 50 basis points, starting a cycle of interest rate cuts

Ethena Labs: Domain name registrar account was stolen, front-end website access has been suspended

Justin Sun’s address deposited 14,000 ETH into Lido 10 minutes ago, and deposited more than 110,000 ETH into EigenLayer

Coinbase to List Aleo (ALEO)

First ETF to Support 2x Long/Short MicroStrategy Stock to List on Cboe BZX

Trump-Endorsed WLFI DeFi Token Launch

Trump’s Bold Move: Cryptocurrency Now “Very Powerful Market”

Binance Founder CZ Set for Release from Prison Next Week

Crypto Market Takes a Hit as Bitcoin Drops Below $58K