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Rhythm Evening News|A list of important information in the crypto industry on September 2

Rhythm Evening News|A list of important information in the crypto industry on September 2

BlockBeatsBlockBeats2024/09/02 12:44
By:BlockBeats

1. CryptoKitties launched a new project, egg, which is an NFT series with a minting price of 0.008 ETH. A total of 3,134 NFTs were minted, divided into three levels: common, uncommon and rare. Currently, the floor price of the series is 0.1121 ETH, and the 24-hour increase has reached 261.67%. 2. Due to the surge in robot activities, UniSat has put great pressure on the Fractal test network. For this reason, the basic engraving service fee has been adjusted to 0.01 tFB, and the single faucet claim amount

CryptoKitties launches new project egg, floor price rises 261.67% in 24 hours

BlockBeats news, on September 2, CryptoKitties launched a new project egg, the NFT series was recently minted, the minting price is 0.008 ETH. A total of 3134 NFTs were minted during the minting period. The relevant page shows that these NFTs are divided into three levels: common (2358), uncommon (605) and rare (98).


As of press time, CryptoKitties has not disclosed more details of the project. According to Blur market information, the floor price of the series is currently 0.1121 ETH, with a 24-hour increase of 261.67%.


UniSat: Due to a surge in robot activity, the Fractal testnet engraving service fee will be updated

BlockBeats news, on September 2, UniSat said that due to a surge in robot activity, the Fractal testnet was under tremendous pressure, causing the system to overload frequently. In order to ensure a fairer testing environment, the testnet basic engraving service fee was adjusted to 0.01 tFB. In addition, the single faucet claim amount will be increased to 0.1 tFB.


UniSat will also use the time before the mainnet launch to enhance the performance and stability of the infrastructure.


VISTA fell back after breaking through $17, now at $12.37

BlockBeats news, on September 2, according to market data, VISTA reached $17.58 and then fell back, now at $12.37, a 24-hour increase of 1942%.


The current market value is temporarily reported at $12.84 million, and the 24-hour trading volume reached $8.33 million.


VISTA is the native token of Ethervista. According to its official Twitter, Ethervista aims to establish a new standard for decentralized trading platforms and has published a white paper yesterday.


Justin Sun: This week, we will focus on reducing Tron network fees

BlockBeats news, on September 2, Justin Sun posted on the X platform that this week, we will focus on reducing Tron network fees. Substantially reducing fees is the first step to attract more users to Tron, Meme and NFT.

Rhythm Evening News|A list of important information in the crypto industry on September 2 image 0


Ethena: The second season of the airdrop activity will end today, and the details of the airdrop application will be announced as soon as possible

BlockBeats news, on September 2, Ethena team members said in their official Discord channel that the second season of the airdrop activity will end today, and the team will announce the details of the airdrop application as soon as possible after completing the summary.


As of press time, Ethena TVL has dropped to US$2.794 billion.

Rhythm Evening News|A list of important information in the crypto industry on September 2 image 1


Bitcoin rebounded above $58,000

BlockBeats news, on September 2, according to HTX market data, Bitcoin rebounded above $58,000, and the 24-hour decline narrowed to 0.42%.


DeFi protocol fee income fell by 24% in August

BlockBeats news, on September 2, according to The Block, the fee income earned by DeFi protocols in August fell 24.4% from July, the lowest point since February this year.


August’s fee revenue was significantly lower than July’s $381.45 million and even lower than March’s $494.14 million. However, last month’s negotiated fees were still higher than February’s $265.18 million.


The fee amount is often used to measure the popularity and usage of DeFi protocols. In that month, the cumulative fees of DeFi protocols (excluding the base layer) were $288.38 million. Lido had the highest fee income of $76.18 million, followed by Uniswap, Jito and PancakeSwap.


CoinShares: Net outflow of $305 million from digital asset investment products last week

BlockBeats news, on September 2, according to the latest weekly data of CoinShares, the total net outflow of digital asset investment products last week reached $305 million. Negative sentiment was mainly concentrated on Bitcoin, with outflows of $319 million.


Bitcoin short investment products received inflows for the second consecutive week, totaling $4.4 million. Ethereum saw outflows of $5.7 million, while volumes stagnated at just 15% of U.S. ETF launch week levels.


Solana saw inflows of $7.6 million. Blockchain stocks bucked the trend with $11 million inflows, particularly investment products specific to Bitcoin miners.


Arthur Hayes expressed his views on the reasons why the Fed's interest rate cut plan did not meet expectations

BlockBeats news, on September 2, BitMEX co-founder Arthur Hayes posted on his personal social media, "My views on the reasons why the Fed's interest rate cut plan did not meet expectations are as follows:


Since Powell announced the September rate cut at Jackson Hole, Bitcoin has fallen 10%. Why? I think rate cuts are good for risky assets.


Overnight reverse repurchase (RRP) pays an interest rate of 5.3%, while no Treasury bond with a term of less than 1 year has a higher interest rate. Money market funds (MMFs) will shift funds from Treasury bonds to RRP, which is negative for liquidity.


Since the Jackson Hole meeting, RRP has increased by 1,200 I think this will continue as long as the Treasury rate is below RRP.”


JP Morgan: Fed rate cuts may not be enough to further boost the stock market

BlockBeats news, on September 2, JPMorgan strategists including Mislav Matejka said that stock market sentiment and position indicators look far from attractive. Although the Federal Reserve will implement monetary easing policies to cope with slowing growth, it may not be enough to further boost the stock market and push it to a record level.


In addition, political and geopolitical uncertainties have increased, and seasonal factors in September are more challenging again. (Jinshi)


Zhu Su: The difficulty in getting tickets for Korea Blockchain Week KBW is a bullish signal

BlockBeats news, on September 2, Zhu Su, co-founder of Three Arrows Capital, posted on social media, "I heard that the tickets for the blockchain conference Korea Blockchain Week (KBW) are in short supply. This is a bullish signal."


Polymarket's probability of US Vice President Harris winning the presidential election has dropped to 47%

BlockBeats news, on September 2, the decentralized prediction market platform Polymarket's forecast lowered the probability of US Vice President Kamala Harris winning the upcoming presidential election to 47%, while Donald Trump's probability of winning remained at 50%.


After Trump and Harris tied on August 26, the market gave Trump a better chance of winning than Harris. Prior to that, Harris had been ahead of Trump for nearly two weeks earlier this month.


The US election outcome remains the platform’s largest prediction market, with a current trading volume of about $777 million.


BRN Analyst: Bitcoin price may fall further to around $56,000, the lower track of the Bollinger Band

BlockBeats news, on September 2, BRN analyst Valentin Fournier said, "Technical indicators show that the downward momentum may continue. MACD shows increasingly negative momentum, while RSI is at a neutral level. The lower track of the Bollinger Band is still around $56,000, which suggests that Bitcoin prices may fall further to this level." (CoinDesk)


QCP Capital: Bitcoin may have strong support at $54,000, and the options market still shows medium-term bullish signals

BlockBeats news, on September 2, QCP Capital issued a statement saying that by analyzing Bitcoin's historical performance in September, it was found that it fell in 6 of the past 7 years, with an average decline of 4.5%. If this pattern is repeated this year, the price of Bitcoin may fall to about $55,000. However, analysts expect $54,000 to become a strong support level, a level that successfully supported prices in July and helped Bitcoin reach $70,000.



This week's unemployment benefit application data (September 5) and non-farm payrolls report (September 6) may not have a significant impact on cryptocurrency prices, as the impact of recent macroeconomic data on cryptocurrencies has weakened.


Despite the short-term market downturn, QCP observed that the options market still showed medium-term bullish signals. The volatility curve is expected to steepen further, while more long option positions are rolled over to March next year. Bitcoin's March 28, 2025 call option with a strike price of $120,000 increased by 200 contracts today, with open interest reaching 2,100, indicating that investors remain optimistic about the medium-term outlook.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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