according to market news, the CEO of Bitwise stated that the cryptocurrency credit and lending business will experience explosive growth in the next 6 to 12 months.

According to official sources, the OKX Wallet product OKX Boost's first phase X Launch event LINEA is now open for airdrop rewards. OKX Exchange has also launched the BARD bonus event, where users can recharge and trade BARD to share a prize pool of 500,000 BARD tokens. Lombard is committed to building an on-chain Bitcoin capital market, aiming to fully unleash the huge potential of this era's most representative digital asset. Since its establishment in 2024, Lombard has achieved deep integration of Bitcoin and DeFi by launching LBTC. As a leading one-stop Web 3 gateway in the industry, OKX Wallet supports 140+ popular public chains.

 according to market news, the market is beginning to anticipate that the Federal Open Market Committee (FOMC) will cut interest rates by 25 basis points again in October.

 median forecast of the Federal Reserve shows that interest rates will be cut by 50 basis points in 2025.

 Federal Reserve FOMC statement: Federal Reserve Governor Milan opposed the interest rate decision this time and believed that interest rates should be cut by 50 basis points.

Fed's forecast shows that out of 19 officials, 9 expect to cut interest rates twice in 2025, 2 expect to cut interest rates once, and 6 expect no further rate cuts.

after the FOMC statement, the probability of the Fed cutting interest rates in October is 94%, while before the statement, this probability was 71.6%.

after the Federal Reserve's decision was announced, spot gold hit a record high of $3704 per ounce, surpassing the previous high of $3703.1 per ounce, with a cumulative increase of over 40% for the year.

latest economic forecast from the Federal Reserve shows that policymakers expect the median inflation rate at the end of this year to remain at 3%, well above the central bank's target of 2%, consistent with the previous forecast in June. The forecast for the unemployment rate also remains unchanged at 4.5%, and the forecast for economic growth has been raised from 1.4% to 1.6%.

 Federal Reserve's dot plot shows that out of 19 officials, 1 official believes that there will be no rate cut in 2025 (compared to 7 in June), 6 officials believe that there should be a cumulative rate cut of 25 basis points in 2025, i.e. 1 rate cut (compared to 2 in June), 2 officials believe that there should be a cumulative rate cut of 50 basis points in 2025, i.e. 2 rate cuts (compared to 8 in June), 9 officials believe that there should be a cumulative rate cut of 75 basis points in 2025, i.e. 3 rate cuts (compared to 2 in June). One official (likely Milan) believes that there should be a significant rate cut of 150 basis points in 2025, i.e. at least two more significant rate cuts within the year (75BP+50BP).

 Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy, stated that Russia has intensified its actions against Ukraine in recent weeks and must target Russian banks, cryptocurrencies, and shadow fleets.

Curve DAO has released proposal #1206 in the ownership category, proposing to establish a maximum credit limit of 60 million crvUSD for the Yield Basis project. The proposal was initiated by address 0x7a16...5428 and plans to adjust the relevant debt ceiling through the set_debt_ceiling function.

according to Nikkei News: The Bank of Japan is expected to keep interest rates unchanged at this week's meeting.

according to the official announcement, H100 Group ($H100, $GS9, $HOGPF) increased its holdings by an average of about 108.75 million Swedish Krona per coin to acquire 21 bitcoins. Currently, the company holds a total of 1,046 bitcoins.

 according to the Binance announcement, Maiga.ai has completed the distribution of MAIGA tokens. Currently, MAIGA tokens only support limit order trading, and market order trading functionality is temporarily unavailable, with the recovery time to be determined.

White House said that Wietekov has not yet divested his cryptocurrency assets, including shares in the "World Free Financial Company" related to the Trump family, which could raise conflict of interest issues for the envoy. A White House official said that Wietekov has completed financial disclosures and is currently working with ethics officials and legal advisors to ensure full compliance with government regulations, including taking all necessary legal steps to divest assets. The process of determining which assets appointees need to divest may evolve into a negotiation game with ethics officials. If there is a long-standing dispute over "which assets constitute a conflict of interest," Wietekov may face legal risks - especially if he is substantively involved in specific matters related to his personal financial interests, which may violate the "Criminal Conflict of Interest Act." Government ethics regulations require cabinet members and other senior officials to divest assets that may pose financial conflict of interest, but the president is not subject to these restrictions.

 QCP Capital's report pointed out that the Federal Reserve is expected to start a rate cut cycle tonight, cutting interest rates for the first time by 25 basis points to 4.00–4.25%. Although the market has priced in six rate cuts until 2026, investors are still paying attention to the dot plot and Powell's press conference. Despite the improvement in liquidity, the recent performance of the cryptocurrency market still lags behind traditional risk assets. It is worth paying attention to whether tonight's Fed statement can narrow this gap.

 the most anticipated FOMC meeting of this cycle will take place tonight. According to glassnode data, options traders are rapidly buying options to hedge or respond to soaring volatility, reflecting market uncertainty and expectations of major measures.

according to official sources, Binance announced the launch of the VIP Exclusive Plan. The plan aims to provide exclusive opportunities for VIP users to help them maintain and enjoy their VIP status in the long term. The VIP Exclusive Plan is only open to VIP users in the VIP trader plan. Users who have reached VIP5 or higher level through the VIP trader plan in the past 180 days, and have maintained it for at least 150 days, will be granted exclusive status.

 according to Coin Bureau news, BlackRock bought $209.2 million worth of Bitcoin and sold $20.3 million worth of Ethereum.