According to CoinDesk, a global coordinated monetary easing campaign is currently underway, with most asset classes experiencing a rise. However, bitcoin remains under pressure and may require more than modest rate cuts before initiating a new bull run. Western central banks, including the Federal Reserve, European Central Bank, Bank of England, and Bank of Canada, have begun cutting interest rates. The Federal Reserve is expected to embark on its first easing cycle since 2019, with a potential rate cut of 25 or 50 basis points next week. Japan, on the other hand, has taken initial steps towards tightening, maintaining a benchmark policy rate of 0.25%, just above zero. Traditional markets have reacted as anticipated, with stocks, bonds, and gold prices rising sharply. Despite this, bitcoin has not followed suit. Although it saw a rally on Friday, its price remains below $60,000, approximately 20% below its all-time high of over $73,500 set six months ago. Bitcoin's performance has been mixed. Despite a significant pullback since March, it remains up by more than 40% year-to-date and 127% from year-ago levels. This underperformance may be a temporary breather after a substantial upside move. However, when viewed over a longer period, bitcoin's current price is lower than its peak nearly three years ago at $69,000. Considering the rapid inflation over these years, bitcoin's performance appears even less favorable, especially if it is to be considered an inflation hedge. In contrast, the S&P 500 has risen by about 33%, and gold has increased by more than 50% during the same period. Steno Research highlighted that bitcoin has not experienced many rate-cutting cycles, with the notable one starting in 2019. During that period, bitcoin declined by about 15% from the Fed's first rate cut in August to the end of November, by which time the Fed had reduced rates by 75 basis points. It wasn't until the significant Covid-era monetary push in March 2020 that bitcoin began its meteoric rise. It is possible that a short series of modest rate cuts may have little impact on bitcoin's price. Instead, larger, emergency-style central bank measures might be necessary to trigger a new bull run.

The retraction arose from the SEC’s lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations. source: https://cointelegraph.com/news/sec-regrets-confusion-dubbing-tokens-securities?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The U.S. Securities and Exchange Commission (SEC) has escalated its legal action against Binance, a leading cryptocurrency exchange. The SEC now classifies several tokens, such as Axie Infinity Shards, Filecoin, Cosmos’ ATOM, Sandbox, and Decentraland, as securities, widening the scope to include more claims.  However, this expansion follows a recent update where the SEC clarified … source: https://coinpedia.org/news/sec-hits-binance-hard-for-operating-illegally-now-claims-these-token-as-security/

Australia’s Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 continues to ignite heated debate, with critics arguing that the bill risks stifling free speech. The proposed bill, which targets misinformation related to elections, public health, and critical infrastructure, requires tech companies to establish codes of conduct. Platforms failing to... source: https://cryptoslate.com/australias-proposed-misinformation-bill-criticized-for-vague-language/

According to BlockBeats, on September 14, Solana-based mining project Ore announced the establishment of Regolith Labs and the completion of a $3 million seed funding round. The funding was led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society, and 3KVC. Regolith Labs aims to accelerate the development of the ORE ecosystem. By introducing new proof-of-work mining primitives and a liquidity network on Solana, the initiative seeks to bring millions of new users into the cryptocurrency space.

On Thursday, BlackRock’s iShares Bitcoin Trust (IBIT) performed unexpectedly in the spot Bitcoin ETF market. Notably, IBIT registered net zero inflows despite the market’s resurgence. Meanwhile, Bitcoin (BTC) appears to be recovering from its strong selling pressure, which pushed the coin below $50,000 earlier. BTC price was trading at $58,291 at press time, registering a 0.5% increase […] source: https://www.thecoinrepublic.com/2024/09/13/blackrock-edged-out-as-spot-bitcoin-etf-returns-to-inflows/

The former president has expressed enthusiasm for the project despite the surrounding criticism. source: https://dailycoin.com/heres-when-trumps-controversial-crypto-project-will-launch/?utm_source=cryptopanic&utm_medium=rss

Forecasts concerning the possible Solana (SOL) price explosion abound among market analysts; many eyes are focused on how the performance of Bitcoin will determine the direction of the crypto market, including SOL. Related Reading: Bitcoin To Hit $100K? Investors Believe US Election Won’t Affect Its Rise The House of Crypto, a crypto analyst, has presented a bold prediction linking Solana’s... source: https://www.newsbtc.com/news/blazing-solana-analyst-foresees-nearly-700-price-explosion/

Markets are rallying as might be expected on a new rate cut cycle, but crypto continues to struggle. source: https://www.coindesk.com/markets/2024/09/13/bitcoin-left-out-as-stocks-bonds-and-gold-party-on-global-monetary-easing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TL;DR Wormhole has integrated World ID with the Solana blockchain, allowing Solana developers to access identity verification features. World ID, which has been subject to audits due to its controversial nature, is used to confirm the authenticity and humanity of users, helping to identify real people. The smart contracts associated with this integration are being ... source: https://crypto-economy.com/wormhole-adds-world-id-to-solana-to-reshape-app-security-and-trust/

BTC, United States, Pantera: Huge changes in US Bitcoin policy Golden Finance, Bitcoin and other crypto assets have entered the national stage.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

On September 13, Binance announced that Binance Launchpool launched the 59th project - Catizen (CATI), a cat-themed gaming robot built on the Telegram mini-program platform.

If you are an investor, you would probably invest in a zk Layer2 project in the Ethereum ecosystem a few years ago. This year, many zk projects have launched tokens on the mainnet, and many ugly daughters-in-law have finally met their parents-in-law.

In the past two days, the fractal Bitcoin protocol CAT20 has become very popular, and the price of $FB has directly increased from 10u to 30u, and the market has rarely recovered.

Harris's approval rating surpassed Trump's because she did some things right, especially learning from some of Trump's "successful" experiences and applying them to Trump.

Recommended readings tonight: 1. High FDV tokens: What is behind the high FDV craze and how to avoid it; 2. New crypto trends: Analysis of the a16z accelerator project; 3. Understanding Binance’s latest Launchpool project Hamster Kombat in one article;

What makes this "second generation running shoe" project so attractive? Can it replicate the phenomenal success of STEPN in 2022?

This report provides an in-depth analysis of the crypto market volatility in August 2024, exploring the overall decline in the Layer 1 market and the significant expansion of the Bitcoin Layer 2 sector.

Binance executive Gambayan has been detained in Nigeria since February, and the U.S. ambassador has met with the Nigerian presidential cabinet, but the country insists that this will only happen after the trial.