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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.
- 04:46Société Générale: After the Fed decision, market focus returns to inflation dataJinse Finance reported that Société Générale stated the Federal Reserve's decision to cut interest rates by 25 basis points was in line with general expectations and was not disappointing. Although our unconventional forecast of a 50 basis point rate cut did not materialize, as we mentioned last week, if the September meeting decides on a 25 basis point cut, it is very likely that there will be additional 25 basis point cuts in both October and December, which is indeed confirmed by the median in the dot plot. We also note that the Federal Reserve expects the interest rate level to reach 3.38% by the end of 2026, which is consistent with our forecast but nearly 50 basis points higher than current market pricing. Next week, the market's focus will shift entirely to personal income and expenditure data and the Federal Reserve's preferred inflation indicator—the Personal Consumption Expenditures Price Index (PCE). (Golden Ten Data)
- 02:02Former SEC Chairman Gensler says he is "proud" of taking enforcement actions to regulate cryptocurrenciesChainCatcher news, according to Cointelegraph, former US SEC Chairman Gary Gensler admitted in an interview on Wednesday that he has no regrets about the way cryptocurrency enforcement was handled during his tenure at the agency. Gensler said he is "proud" of the right decisions he made regarding digital asset regulation during his time at the SEC, and reiterated his view that cryptocurrency is a "highly speculative and extremely risky asset." When talking about enforcement actions against cryptocurrency companies, Gensler stated: "We have always worked to ensure investor protection. However, during this period, we have also encountered many fraudsters: look at Sam Bankman-Fried, he is not the only one."
- 01:29Falcon Finance releases FF tokenomics: total supply of 10 billions, with 8.3% allocated for community airdrop and Launchpad sales.ChainCatcher news, Falcon Finance has released the FF tokenomics. The total supply is 10 billion tokens, managed by an independent foundation. The distribution is as follows: 35% allocated to the ecosystem, 32.2% to the foundation, 20% to the core team and early contributors, 8.3% for community airdrops and Launchpad sales, and 4.5% allocated to investors.