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Articles by Multicoin Capital--
JPMorgan Predicts Fed Rate Cut Amid Labor Market Concerns
According to PANews, JPMorgan has accurately forecasted a 50 basis point rate cut by the Federal Reserve this week. The bank indicated that another significant rate reduction would depend on the weakening of the U.S. labor market. Michael Feroli, JPMorgan's Chief U.S. Economist, maintains that the Federal Reserve will implement another 50 basis point cut in November. However, he emphasized that his outlook is contingent on the results of the upcoming employment report.
Citigroup Predicts December Rate Cut by Federal Reserve
Citigroup Predicts December Rate Cut by Federal Reserve Citigroup anticipates a 25 basis point rate cut in December, indicating a more cautious approach to monetary policy while still projecting a 125 basis point reduction for 2024. According to Odaily, Citigroup has revised its forecast for the Federal Reserve's interest rate cut in December, now expecting a reduction of 25 basis points. This is a change from their previous prediction of a 50 basis point cut.
No Evidence of BananaGun Hack Found, Users Urged to Report Stolen Funds
According to Foresight News, 0xScopescan has announced that it has reviewed the relevant addresses but has not found any clear evidence of a hack involving BananaGun. The platform has urged users who have had their funds stolen to report their addresses.
TRON Community Approves 50% Fee Reduction
TRON Community Approves 50% Fee Reduction TRON's fee reduction, approved by the community, will likely enhance network and meme transaction activity, making it more competitive in the industry. According to BlockBeats, on September 19, Justin Sun announced on X that the TRON community's super representatives have approved a 50% fee reduction. This measure will take effect in two hours.
Zircuit And dappOS Partner To Enhance User Benefits
According to Odaily, Zircuit has entered into a partnership with dappOS, enabling users holding dappOS intent ETH assets to automatically gain multiple benefits from Zircuit while maintaining usage flexibility. This collaboration is expected to bring more users to the Zircuit ecosystem. Under this partnership, dappOS intent assets allow users to earn returns while seamlessly using them on-chain as native assets in a decentralized, non-custodial manner.
Drift Secures $25 Million In Series B Funding Led By Multicoin Capital
According to PANews, Solana-based derivatives trading platform Drift has successfully raised $25 million in a Series B funding round. The investment was led by Multicoin Capital, with participation from Blockchain Capital, Primitive Ventures, and Folius Ventures.
Foresight Ventures Invests $10 Million in Aptos to Boost Blockchain Development
According to Foresight News, Web3 investment firm Foresight Ventures has announced a strategic investment of $10 million in Layer1 blockchain Aptos. This new funding will be used to accelerate the development of Aptos products and enhance liquidity, aiding in the further development of its scalable and upgradeable Layer1 blockchain. Foresight Ventures co-founder and CEO Forest Bai stated that Aptos's vision aligns closely with Foresight Ventures' mission.
Crypto Finance Partners With Commerzbank To Offer Trading Services
According to Odaily, Crypto Finance, a subsidiary of Deutsche Boerse, has signed an agreement with Commerzbank to provide trading services for the bank's corporate clients. This partnership follows a similar agreement made two weeks ago with ZĂźrcher Kantonalbank (ZKB) in Switzerland. In a joint press release on Thursday, the two companies announced that Commerzbank will offer custody services.
Bitcoin ETF Sees Significant Inflow of $39.03 Million
According to BlockBeats, on September 13, monitoring by Trader T revealed that the U.S. spot Bitcoin ETF experienced a net inflow of $39.03 million the previous day.
BlackRock IBIT Sees No Capital Inflow Or Outflow With $500 Million Trading Volume
According to Odaily, monitoring by Trader T revealed that BlackRock's IBIT experienced no capital inflow or outflow yesterday. The trading volume for the day stood at $500 million.
Treasure DAO Proposes Migration to ZKsync for Web3 Gaming Ecosystem
According to BlockBeats, on September 13, Treasure DAO announced a proposal to migrate its Web3 gaming ecosystem from Arbitrum to ZKsync. The proposal indicates that ZKsync is more suitable for meeting Treasure's long-term plans in decentralized gaming. ZKsync has stated that voting on the proposal will commence on September 17. If the proposal is approved, Treasure's testnet will transition from Arbitrum to a new testnet on ZK Stack before launching the mainnet.
Number Of Bitcoin Addresses With 0.1 BTC Or More Nears All-Time High
According to Odaily, data from Bitcoin Magazine Pro indicates that the number of Bitcoin addresses holding 0.1 BTC or more is approaching a historic peak.
Fuse Secures $12 Million Strategic Funding Led By Multicoin Capital
According to Odaily, renewable energy company Fuse has announced the completion of a $12 million strategic funding round led by Multicoin Capital. This latest investment brings the company's total funding to $90 million to date. The company plans to use the newly acquired funds to launch Project Zero, a renewable energy DePIN initiative. As an integrated energy company, Fuse offers distributed energy resource (DER) installations, power trading, and electricity retail services.
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