“The number of crypto billionaires reaches an all-time high!”
“USDT issuer Tether to raise $20 billion, valuing it at $500 billion”
“Fed Chairman Powell and Board Member Bowman highlight labor market fragility, hinting at further interest rate cuts”
“Stablecoins vs. credit cards: a $100 billion payments battle could break out in the U.S.”
“How will Bitcoin and DeFi compete with traditional financial markets? Has cryptocurrency finally reached a turning point?”
Let’s analyze the news on the global economy and cryptocurrencies and consider economic trends together! This Wednesday, September 24th, we’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program brings you the latest news to help you build your wealth. Let’s start by looking at 24-hour data headlines from the cryptocurrency market.
First, let’s start with the topic, “The number of crypto billionaires reaches an all-time high, as institutional adoption reaches a turning point.”
In fact, since 2023, the number of individuals with over $1 million in cryptocurrency assetsâknown as crypto millionairesâhas reached an all-time high. This is no coincidence. The underlying trend is the full-scale entry of institutional investors.
For example, major funds and companies have increased their investments in Bitcoin and Ethereum, building confidence in the market as a whole. The cryptocurrency market has been highly volatile over the past decade, experiencing periods of both excitement and coolness. However, this “institutional adoption” marks a major turning point.
Many market participants have pointed out that this year marks a “watershed year,” and this trend is likely to accelerate.
Next, we have the news that Tether, the issuer of USDT, is planning to raise $20 billion, bringing its valuation to a whopping $500 billion.
Tether issues USDT, one of the world’s largest stablecoins. USDT currently has the largest circulation in the cryptocurrency market and is widely used on exchanges and in DeFi (decentralized finance) settings.
According to the latest report, Tether is seeking a fundraising round of approximately $20 billion, which would value the company at as much as $500 billion. This figure indicates that many financial institutions and investors have very high expectations for Tether.
However, the market remains conscious of the risks inherent in stablecoins, with some expressing caution that “fluctuations may occur depending on the actions of regulators.”
The third piece of important monetary policy-related news is that “Fed Chairman Powell and Governor Bowman emphasized the fragility of the labor market and hinted at further interest rate cuts.”
Federal Reserve Chairman Jerome Powell and Governor Lisa Bowman recently publicly stated that “uncertain factors remain in the labor market.” Specifically, they cited declining job openings and labor force participation rates in some regions and industries.
These comments raise the possibility of additional interest rate cuts in the coming months. Interest rate cuts typically serve as economic stimulus measures that can be positive for stocks and cryptocurrencies. However, balancing this with inflation control is difficult, so market participants remain cautious.
Fourth, “Stablecoins vs. Credit Cards: A Fierce $100 Billion Competition Could Erupt in the U.S. Payment Market.”
While credit cards are currently the mainstream in the U.S., stablecoin payment services have rapidly expanded in recent years. Stablecoins’ low price volatility makes them attractive as a means of remittance and payment.
Experts say that these two payment methods could vie for market share worth as much as $100 billion. Their respective characteristics are:
– Credit cards: Extensive merchant network and consumer protection
– Stablecoins: Instant payments and low fees
This competition will likely be multifaceted, encompassing not just technological innovation but also regulatory compliance and improved user experience.
Finally, we discuss “Bitcoin and DeFi Coming to a Showdown with the Traditional Finance (TradFi) MarketâIs Cryptocurrency at a Turning Point?”
In recent years, Bitcoin- and Ethereum-based decentralized financial services (DeFi) have grown rapidly. However, the cryptocurrency market still faces challenges distinct from those faced by traditional banking and securities markets, such as liquidity, security, and legal regulations.
On the other hand, as many financial institutions have begun to adopt blockchain technology and manage digital assets, some have stated that the cryptocurrency market has entered a critical phase toward maturity. This could be seen as a transition from a niche area to the mainstream.
In response to this trend, market participants and experts expect major structural changes and new investment opportunities to emerge over the next few years.
So far, we’ve introduced five hot topics. Each reflects a different aspect of the cryptocurrency market and its surrounding environment.
They all share three psychological and economic impacts:
First, confidence in the market as a whole and willingness to participate are increasing. This is being driven in particular by active involvement by institutional investors and major companies.
Second, the market environment itself is evolving due to new fundraising and technological innovation, which is intensifying competition.
Third, policy and regulatory uncertainty remains, requiring market participants to make careful and strategic decisions. Particular attention is being paid to the Federal Reserve’s actions and stablecoin regulations.
That covers today’s main news topics. Our channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
