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Share link:In this post: Crypto sleuth, ZachXBT, sounded the alarm on BlockDAG, tagging it a “fake project.” Many analysts have pointed out issues and warned people to stay away despite BlockDAG undergoing multiple security audits. ZachXBT claims he spoke up as Lbank prepares to list the BDAG token because people who lost funds tagged him.
TeraWulf shares surged after Google increased its stake to 14%, supporting AI data center expansion. Partnerships with Fluidstack secure hundreds of megawatts, signaling major growth potential beyond bitcoin mining operations.
PI Network’s PI token is in freefall, dropping below key support levels and facing strong selling pressure. Despite this, the Chaikin Money Flow indicator hints at possible buying interest, potentially stabilizing the token.
XRP’s price may not be done yet. On-chain signs point to weakening sell pressure and growing short-term conviction. Add in a solid chart structure, and the setup hints at a possible recovery — if key levels hold.
- 07:47Hawkish Fed expectations drive USD/JPY surgeAccording to ChainCatcher, citing Golden Ten Data, after the Federal Reserve's rate cut, the US dollar weakened across the board. The Japanese yen once rose, but ultimately the USD/JPY exchange rate erased all losses and surged. The FOMC dot plot shows that two more rate cuts are expected in 2025, while the market expects three. Federal Reserve Chairman Powell described the rate cut as a "risk management" action, and future data will be key. Strong data may trigger a hawkish shift in rate expectations, supporting the dollar, while weak data may continue to put pressure on it. The rise in the yen was mainly driven by market expectations of a dovish Federal Reserve.
- 07:26Bloomberg Analyst: DOGE Spot ETF and XRP Spot ETF Issued by REX-Osprey to Be Listed on ThursdayChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that the DOGE spot ETF and XRP spot ETF issued by REX-Osprey will be listed on Thursday. In addition, the TRUMP spot ETF and BONK spot ETF have also submitted registration, but the launch dates have not yet been announced. It is worth noting that, unlike the Bitcoin and Ethereum spot ETFs which previously required a lengthy approval process, these funds utilize the Investment Company Act of 1940 (commonly known as the "40 Act"). This framework provides a streamlined path for products, including enhanced investor protections for custody, governance, and transparency—features that regulators view positively.
- 06:59Major gold heist in Hong Kong: 10 robbers steal 65 kilograms of gold worth over 53 million yuanOn September 18, it was reported that a major robbery occurred at a gold processing workshop in Hung Hom, Kowloon, Hong Kong, in the early morning of September 17. About 10 robbers broke into the workshop and stole 65 kilograms of gold bars, gold bricks, and gold powder, with a total value of approximately HKD 58 million (about RMB 53.02 million). They also stole about HKD 30,000 in cash. The incident happened at around 5 a.m. that day, when the person who reported the case and five friends were resting inside the workshop. After the robbers succeeded, they took the six people outside the workshop, locked the main door with an iron chain, and then fled. The case has been handed over to the West Kowloon Crime Squad for further investigation.