Last Night’s Crypto Highlights — Catch up fast

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🚨A collection of last night's Crypto breaking news, get the market focus in 1 minute!

January to September was indeed a “bad month”, with #BTC, #ETH, and #SOL leading the decline. The total crypto market capitalization fell by 1.5%, and the market entered a panic (the Fear and Greed Index was 48 yesterday and 46 today).

2⃣ #WLFI TGE tonight at 9 PM. Currently, the pre-market price on Binance is 0.317U, corresponding to a FDV of $31.7 billion, close to DOGE. Beware! WLFI's launch could potentially drain the broader market, especially altcoins.

3. WLFI Data Analysis: Public offering whales waiting to claim their unlocked WLFI have seen returns ranging from 7x to 23x. Based on a 0.35 U, the initial unlocked circulating market value is $1.15 billion, excluding market-making tokens. The top whale purchased 1 billion tokens at 15 million, resulting in an initial unlock value of approximately $70 million. (From Ember)

4BTC OG swapped another 4,000 BTC for $430 million in ETH, bringing the total amount of funds transferred to ETH to a staggering $3.85 billion. Would the market be horrified if he sold all that?

5⃣This week's large unlocks: #SUI (145 million U), #ENA (27.1 million U), #IMX (12.8 million U), the market value has expanded significantly.

6⃣The share price of Metaplanet, a Japanese Bitcoin treasury company, has fallen by more than 50% since mid-June. The financing flywheel seems to be failing, but its share price has increased by more than 60 times from its low point.

7⃣Tom Lee: The Federal Reserve is re-starting a moderate interest rate cut cycle after a long pause. Investors are right to remain cautious in September. The S&P 500 will fall 5% to 10% this fall and then rebound to between 6,800 and 7,000 points.

8⃣CME "Federal Reserve Watch": The probability of keeping interest rates unchanged in September is 12.6%, and the probability of a 25 basis point rate cut is 87.4%.

9⃣AI analysis of market trends:
——BTC is experiencing a fierce short-term battle between bulls and bears, with the overall trend being bearish and volatile. Significant pressure is seen around the key resistance zone of 110k-111k.
——ETH has a large divergence between long and short positions, with short-term fluctuations. Highly leveraged funds are testing both sides, and the market is mainly on the sidelines.
——The performance of Altcoin is differentiated. SOL and WLFI are obviously affected by capital games. The overall market is cautious, and mainstream assets are traded actively. Capital flows mainly to ETH and BTC. The market expects short-term volatility to intensify, and the pace of entry and exit is fast.

🎯Click: Followin hot trend indicator and understand what the whole network is talking about in 1 minute.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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