Wintermute announced that it is using Chaos Labs' Edge Proofs Oracle to develop a new prediction market product, OutcomeMarket, which will first launch betting markets for TRUMP and HARRIS tokens (US election themes). Wintermute plans to launch OutcomeMarket on multiple networks next week, including the Ethereum mainnet, Arbitrum, and Base. (TheBlock)

According to Odaily, Scott Helfstein, Head of Investment Strategy at Global X, stated that the Federal Reserve is likely to take note of the continued strength of consumers following better-than-expected U.S. retail sales in August. Helfstein mentioned that with a CPI inflation rate of 2.5%, a real interest rate of 300 basis points might be too high. However, the Federal Reserve has the flexibility to initially reduce rates by 25 basis points or even by a full 50 basis points. The key point, according to Helfstein, is that the Federal Reserve begins to cut rates, and the extent of the rate cuts may not be significantly tied to economic conditions. He noted that in recent months, retail sales growth has been slightly below the long-term average but continues to grow at a moderate pace.

Scott Helfstein, head of investment strategy at Global X, said the Fed is likely to take note of continued strength in the consumer after better-than-expected U.S. retail sales in August. "With CPI inflation at 2.5%, a 300 basis point real rate is probably too high, but the Fed does have the freedom to move, and could start with a 25 basis point cut or a full 50 basis points," he said. The key, he said, is for the Fed to start cutting rates, and the magnitude of the cuts may have little to do with the economy. Retail sales growth has been slightly below the long-term average in recent months, but is still growing at a moderate pace, he said. (Jinshi)

Bitcoin exchange depositing addresses are at a multi-year low, which could indicate a reduction in selling pressure, analysts said. source: https://www.theblock.co/post/316748/bitcoin-exchange-depositing-addresses-at-lowest-level-in-years-indicating-potential-relief-in-selling-pressure-cryptoquant?utm_source=rss&utm_medium=rss

Dragonfly previously closed $650 million in oversubscribed financing for its third crypto venture fund in May 2022. source: https://www.theblock.co/post/316844/dragonfly-wants-to-raise-500-million-for-its-fourth-fund-report?utm_source=rss&utm_medium=rss

According to Cointelegraph, Solana's (SOL) price may experience further decline against Bitcoin (BTC), as analysts draw parallels to Ether's (ETH) recent slump against Bitcoin. Benjamin Cowen, CEO and founder of Into The Cryptoverse, highlighted this comparison in a Sept. 17 post, noting that SOL/BTC is mirroring ETH/BTC's behavior. Cowen's analysis follows Ether's price hitting a three-and-a-half-year low against Bitcoin, a level last seen in 2021. Other analysts, including pseudonymous trader Crypto hodler, foresee more downside for Solana, with technical analysis suggesting a potential drop below $100. Despite these concerns, some analysts anticipate a trend reversal. Popular analyst Atlas expressed optimism in a Sept. 16 post, predicting a reversal trend by the weekly close. Crypto analyst Patric H. also sees potential for Solana, noting a clear support area between $125 and $118 that has held during major market corrections. He considers this a buying area, with invalidation tight below $118. However, for a potential upside breakout, Solana would need to rise above $162, which remains a significant resistance level. Popular crypto trader Wagmisaurus remains optimistic about Solana's price as long as it holds the $120 support level. Despite the current challenges, Solana's price is still over 48% down from its all-time high of $260, recorded on Nov. 6, 2021. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to Odaily, Phantom announced on the X platform that it will introduce a new username feature. This addition will enable users to create a Phantom identity, send cryptocurrency to other Phantom users, and synchronize accounts across devices. The rollout of usernames will be based on the user's joining date, with early access granted to OG users. Eligible users will receive a banner in their wallet with an official link to claim their username. This optional feature allows users to personalize their wallet experience without compromising privacy.

Sui-based yield aggregator AlphaFi has experienced a 290% growth since its July debut. source: https://www.nftgators.com/alphafis-tvl-on-sui-grows-290-since-july-launch-to-35m/

Coinbase updated its status page to caution users about the possible Polygon transfer delays. source: https://coincu.com/283161-coinbase-cautions-on-polygon-transfer-delays

Phantom announced on the X platform that it will add a new username feature, which will allow users to create Phantom identities, send cryptocurrencies to other Phantom users, and synchronize accounts across devices. At the same time, Phantom will launch usernames in the next few days based on the time when users join Phantom (OGs can get early access). When users are eligible, they will receive a banner with an official claim link in their wallet. Usernames are an optional feature that allows users to personalize their wallet experience without compromising privacy.

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China's megacity and economic center, Shanghai, shuts down after being hit by one of the strongest storms since 1949.

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