the market shows that AAVE has broken through $190 and is now trading at $190.1, with a 24-hour increase of 9.51%. The market fluctuations are large, so please be prepared for risk control.

Lookonchain monitoring shows that 10 hours ago, a smart whale withdrew 6.9 million WIF ($15.87 million) from #Binance. The whale had previously purchased 9.8 million WIF ($15.05 million) at a price of $1.53 between August 30 and September 2, and sold all 9.8 million WIF ($23.06 million) at a price of $2.35 on September 29, earning a profit of $8 million.

WazirX has issued an important announcement regarding the next steps for Indian rupee and cryptocurrency withdrawals. For cryptocurrency balances, users will not be able to withdraw cryptocurrency from their platform accounts for a period of time due to network attacks and a large amount of balance loss caused by ERC-20 token theft. WazirX does not have enough token assets to repay the debt generated by the platform users' owed token balances. Subsequently, a bankruptcy restructuring application will be submitted to the Singapore High Court in order to obtain fair distribution of cryptocurrency assets according to the bankruptcy plan and user approval.For Indian rupee balances, WazirX will lift the suspension on INR balance withdrawals on August 26, 2024, and will gradually enable INR withdrawal functions. WazirX will reduce the withdrawal fee by 60%, from 25 rupees to 10 rupees.

Analyst Anna Wong said that in our opinion, Powell's statement sounded quite dovish. So far, he has not stopped the bet on a 50 basis point rate cut in September, has not indicated that rate cuts should be gradual, and has not used the phrase "methodical" like his colleagues to describe possible rate cut paths.

According to data monitored by Lookonchain, two whales deposited 226,741 TRB coins (worth $12.18 million) into OKX in the past 12 hours, accounting for 8.42% of the total supply.

According to an official announcement on August 23rd, Gate.io, as one of the official sponsors, once again focused global attention at the Coinfest Asia 2024 event. Mai Ngo, Gate.io's Southeast Asia representative, participated in the first panel discussion. She pointed out that Web3 is not only a technological advancement, but also a revolutionary change in the way brands interact with customers. She emphasized that the decentralized nature of Web3 provides brands with new interactive channels, allowing customers to participate and influence the direction of brand development. Mai Ngo also called on the industry to ensure the true decentralization of Web3, avoiding domination by big brands, and looked forward to the potential of AI technology in Web3, believing that AI will further enhance the interaction experience between brands and customers. She emphasized that brands need to use AI with caution to ensure that the technology application does not undermine the decentralization advocated by Web3.

Karl Schamotta, chief market strategist at forex company Corpay, said that the key sentence in Powell's speech was that they will "make every effort to support a strong labor market while making further progress in price stability." In my opinion, this does indicate that Powell acknowledges the increasing concerns of policymakers about the direction of the labor market. Powell did not mention the possibility of a 50 basis point rate cut in September, which to some extent also aligns with market expectations.

According to on-chain data analyst @ai_9684xtpa, the smart money with a win rate of 85.7% has once again succeeded in its 15th wave, earning $1.51 million. In the past half hour, they have cleared 11,267 ETH (costing $2,910) bought yesterday at an average price of $3,043.6, or approximately $34.29 million. Their current record is 15 wins out of 13 battles, with a win rate of 86.7%, and a total profit of $5.38 million.

OpenAI has launched the SearchGPT plugin based on the Chrome browser. When users search for information in Chrome, the SearchGPT plugin can summarize the search results, answer follow-up questions, and personalize content recommendations.

The Block's report on Sun Yuchen's withdrawal of BTC collateral from USDD, Sun Yuchen responded on Platform X: "USDD is a decentralized stablecoin protocol that has nothing to do with anyone's name, just like Satoshi Nakamoto created Bitcoin, but Bitcoin does not belong to Satoshi Nakamoto." Earlier, Tron DAO Reserve withdrew about $750 million worth of Bitcoin on Wednesday, which was previously used to support the USDD stablecoin. Tron founder Justin Sun said users don't need to worry and explained that this move was to improve capital efficiency, as the previous long-term collateralization rate for USDD exceeded 300%.

Federal Reserve Chairman Jerome Powell's announcement of rate cuts in the coming months has led to a rise in the price of Bitcoin, which briefly surpassed $62,000. Powell stated that the central bank is pleased with cooling inflation but is more attentive to growing weakness in the labor market. Ethereum and Solana also saw price increases of 2.7% and 2.1%, respectively. Traders are confident that the Fed will ease up in its inflation fight, with a 67% chance of a 0.25% rate cut in September according to CME Fedwatch. This is a developing story and will be updated with additional details.

Lookonchain monitoring shows that 12 days ago, a trader spent only 0.75 SOL (160 USD) to purchase 12.5 million CHILLGUY on Pump.fun, and then sold 1.49 SOL (35.4 thousand USD) at a price of 28,000 CHILLGUY. The trader still holds 9.62 million CHILLGUY (6.1 million USD), with a total profit of 6.14 million USD.

the RWA stablecoin protocol Usual has announced the completion of a $1.5 million new round of financing, with participation from Comfy Capital, early cryptocurrency project investor echo, Breed VC founder Jed Breed, and others. Specific valuation data has not been disclosed. Usual stated that the project plans to launch a token generation event (TGE) to support its construction of a USD0 stablecoin backed by real-world assets. The protocol raised $7 million in strategic round financing in April of this year, with investors including IOSG Ventures and Kraken Ventures. As of now, the total amount of financing has reached $8.5 million.

Solana ecosystem trading aggregator Jupiter announced on X platform that Jupiter Lock, an open-source, free, and audited alternative solution, allows any project to gradually release its tokens for free over time. It has now entered the beta testing phase. On the locking page, you can browse the detailed breakdown of all tokens, their ownership schedule, recipients, and funding purposes. It brings certainty to holders and helps achieve consistency in long-term goals. The entire operation is transparent.

decentralized derivatives trading platform dYdX announced that it will launch an upgraded version called dYdX Unlimited in November. The upgrade will include permissionless market listings, MegaVault (which obtains liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), and the Affiliates Program. The company also stated that it plans to release a series of other enhanced features in the coming months, including new integrations with popular wallets and third-party services, permission keys, instant deposits, and more innovative features.

Norway's central bank, Norges Bank, has recognized the European Union's regulatory agency for crypto assets (MiCA), and the country is evaluating the possibility of adopting a central bank digital currency (CBDC). Kjetil Watne, the project director of Norges Bank's CBDC project, stated that Norway, as a member of the European Economic Area (EEA), welcomes MiCA's framework. However, he pointed out that the bank is still considering "whether additional regulation is needed to promote financial stability." Norges Bank has "not yet decided" whether to issue a CBDC and is evaluating how to "address regulatory gaps related to decentralized finance."

March, El Salvador has purchased 162 bitcoins and currently holds 5,851 BTC.

Harker of the Federal Reserve said that we need to start cutting interest rates. This process should continue to move forward.

Lookonchain monitoring shows that 12 hours ago, a whale sold 20,000 SOL coins (worth $2.66 million). Since January 1st, this whale has sold a total of 715,000 SOL coins (worth $102 million) and still has 1.84 million SOL coins (worth $246 million) pledged.

On September 10th, Sushi announced that the release date of its new meme token launch product Dojo will be delayed by one week, with the new release date being September 17th.