Bitpush editor selects Web3 news for you every day:
[ Goldman Sachs CEO: As autumn arrives, we expect to see two or even three Fed rate cuts]
Goldman Sachs CEO Solomon said: "As autumn arrives, we expect to see two, possibly even three, Fed rate cuts. Banks' outlook is slightly weaker, and I still believe that a soft landing is the most likely outcome. Current speculation is that the Fed will first cut by 25 basis points, but 50 basis points is still possible."
[The UK proposes a new bill to clarify the legal status of cryptocurrencies and NFTs]
According to Coindesk, the British government has submitted a bill to Parliament regarding the legal status of digital assets such as cryptocurrencies, non-fungible tokens (NFTs) and tokenized real-world assets (RWAs).
The bill will make it clear that these assets are considered personal property under UK law. Once enacted, it will provide guidelines for the legal community to follow when disputes arise over ownership, such as in divorces. It will also provide protection for cryptocurrency owners (whether individuals or companies) who have been the victims of fraud and scams.
At the heart of the proposal is the addition of a new property category, which would include objects such as money and cars, and a category of “things in action” such as debts and shares, in addition to the existing “holdings”.
[ OpenAI is reportedly discussing raising funds at a $150 billion valuation]
OpenAI is reportedly in discussions to raise funding at a $150 billion valuation, according to people familiar with the matter, up from $100 billion when The Wall Street Journal reported in late August.
The report said that the company hopes to raise about $6.5 billion from investors and is discussing $5 billion in bank debt financing. People familiar with the matter pointed out that the negotiations are still ongoing and the specific figures may change. According to foreign media reports, this round of financing will be led by Thrive Capital, and the company's largest investor Microsoft will also participate. Apple and Nvidia have also been negotiating on investment matters.
[Data: Uniswap ’s market share in DEX has dropped to 36%]
According to The Block, the DEX landscape is undergoing changes, and the market share of the old decentralized exchange Uniswap has dropped from more than 50% in October 2023 to the current 36%.
As Uniswap's share continues to shrink, Base Layer 2 is growing rapidly, with Aerodrome occupying 7% of the market share and Orca 's market share increasing from 9% at the beginning of the year to 12% last month.
Analysts say smaller DEXs gradually eating into Uniswap’s market share indicates a sustainable change as users seek out and move to more competitive DEXs that have long-term advantages rather than short-term incentives.
[ CryptoQuant : Bitcoin's trend is decoupled from gold, and investors seem to prefer gold]
According to CryptoQuant, investors appear to be favoring traditional safe-haven assets such as gold over Bitcoin (BTC) in the current risk-averse environment.
CryptoQuant data shows that the correlation between Bitcoin and gold has fallen sharply recently, with gold prices recently hitting a new high of more than $2,500 per ounce, while Bitcoin has been falling and is now more than 20% below its all-time high of more than $73,000 in March. Investors have bought gold and sold Bitcoin, while the U.S. stock market has also been in trouble, with the S&P 500 index falling 3.6% since August 30.
CryptoQuant said the fall in Bitcoin prices was also accompanied by a fall in the U.S. dollar index, another indicator of broader risk aversion and uncertainty.
[Lawyer asks judge to sentence former Alameda CEO Caroline Ellison to 3 years of supervised probation]
Lawyers for former Alameda Research CEO Caroline Ellison asked the court to consider the time she had previously been incarcerated as part of her sentence as "time served" and to sentence her to three years of supervised probation on that basis. This means that the lawyers hope that Caroline's past time in prison can offset part of her sentence, and that her future sentences will be primarily spent under community supervision, without the need for long-term imprisonment.
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