ETH has triggered an “unusual oversold signal” for the first time!
Google-backed mega-data center to raise 3 trillion.
China has opened a digital yuan operating base.
XRP and Solana have joined major cryptocurrency ETFs in the US, widening the regulatory door.
Moody’s has sounded the alarm that the spread of cryptocurrencies in emerging markets poses risks to financial stability.
Let’s analyze the news on the global economy and cryptocurrencies and consider economic trends together! Friday, September 26th, we’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program brings you the latest news to help you with your asset building. Let’s start with a look at 24-hour data headlines from the cryptocurrency market.
Let’s start with Ethereum (ETH). Incredibly, this is the first time ETH has triggered an “unusual oversold signal,” with its price approaching $1,400. This signal, which technically indicates “oversold” status, or excessive selling in a short period of time, is often viewed by market participants as an opportunity to buy back.
Looking back at history, such signals are extremely rare, and the fact that this is the first time they have occurred has attracted significant attention. While recent macroeconomic concerns, interest rate trends, and global inflation concerns are the background, it is still unusual for ETH to be sold off to this extent.
Market participants have said that this oversold signal indicates extremely depressed investor sentiment, with some even hoping it signals a rebound. However, the market as a whole remains cautious, and there is a strong view that short-term volatility requires caution.
Next is the move by TeraWulf, a well-known Bitcoin (BTC) miner. The company is reportedly planning to raise approximately $3 billion (approximately 3 trillion yen) for a massive data center construction project backed by Google. This is said to be one of the largest in the cryptocurrency mining industry to date, and is also expected to focus on energy efficiency and reducing environmental impact.
Such large-scale investments will strengthen the competitiveness of Bitcoin mining and are being viewed as a positive factor for the market as a whole. The backing of a major tech company like Google is particularly expected to contribute to increased confidence in the industry.
Meanwhile, China officially opened the Digital Yuan Operations Center to promote the adoption of the digital yuan (CBDC). This is a key hub for the Chinese government to further strengthen its central bank digital currency (CBDC) policy and promote integration both domestically and internationally.
This move is also part of China’s strategic efforts to establish leadership in the financial technology field. Experts have said that the Digital Yuan Operations Center will play a role in accelerating the practical application and international expansion of CBDC.
Next, in the US market, XRP and Solana (SOL) have been newly included in major cryptocurrency ETFs. This means that the US Securities and Exchange Commission (SEC) has relaxed its previously strict cryptocurrency ETF approval standards, widening the door to the addition of new stocks.
XRP, in particular, has been the subject of a legal battle with the SEC over the past few years, but its inclusion in this ETF could help restore confidence among market participants. Solana is also garnering attention as a high-performance blockchain and is expected to play a key role by many investors.
Finally, here’s a report from Moody’s. Moody’s warns that the increasing adoption of cryptocurrencies in emerging markets “poses risks to the resilience of the overall financial system.” Specifically, it cites:
– Capital outflows and money laundering risks from cryptocurrency transactions
– Financial instability due to insufficient regulatory frameworks
– Poor coordination with the traditional banking system
These findings pose significant challenges for emerging market governments and financial institutions, necessitating efforts to build a safe and sustainable cryptocurrency usage environment.
Three points emerge from this series of news.
First, the Ethereum market has signaled a rare “unusually oversold” state, causing significant market volatility.
Second, the overall cryptocurrency ecosystem is becoming more mature thanks to large-scale fundraising and ongoing institutional and technological innovation in both China and the US.
Third, at the same time, concerns about regulation and financial stability remain strong in emerging markets, making it increasingly important to strike a balance between safety management and promoting growth.
That’s the main focus of today’s news. 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.
