BTC had a short-lived rally - watch for the US Fed rate decision

Hot projects + Market overview

I. Mainstream exchange news

• Binance Launchpool will list Catizen (CATI).
• Binance has launched the POL/USDT perpetual contract.
• WOO X has listed FWOG.
• Upbit has listed Nervos Network (CKB).
• Coinbase International will list perpetual contracts for POL and DOGS on September 19.
• The Binance Isolated Margin trading system was upgraded on September 16, which improved data system performance and stability.
• Binance has launched the UXLINK/USDT perpetual contracts with up to 75x leverage.

II. Mainstream projects and trending events

• Ronin has launched Ronin Waypoint, a universal account and keyless wallet.
• Interoperability platform Wormhole has successfully integrated World ID into Solana, enabling developers on this blockchain to join the growing ranks of those incorporating World ID.
• According to data from Binance Research, the market value of tokenized real-world assets (excluding stablecoins) has surpassed $12 billion, reaching an all-time high.
• Sony's Ethereum Layer-2 network, Soneium, has partnered with Chainlink's SCALE program to utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) as Soneium’s cross-chain infrastructure.
• dappOS and Berachain are collaborating to expand the intent execution network into the Berachain ecosystem, providing core use cases such as application intent interactions, intent assets, and intent transactions to ecosystem applications and users.
• Azuki will launch an anime project, Anime, now allowing users to sign up for a waitlist to receive a set of limited edition collectibles.
• DeGods has launched the DEGOD token, facilitating conversions with DeGods, y00ts, or DUST.

III. Funding news

• Regolith Labs, established by Solana-based mining protocol Ore, has completed a $3 million seed funding round, led by Foundation Capital.
• Renewable energy company Fuse has completed a $12 million strategic funding round led by Multicoin Capital, bringing its total funding to date to $90 million.
• Gradient, a Solana ecosystem edge computing layer, has sompleted a new funding round with participation from Multicoin and Sequoia Capital.

IV. Regulatory news

• According to Galaxy head of Research Alex Thorn has said that Paul Munter, a US SEC official, is proposing rules that would allow banks and brokers to avoid following some of the custody rules in SAB-121.
• The UK High Court has ruled that Tether's USDT stablecoin qualifies as property. The judge stated that USDT can be considered property because it can be subject to tracing and can constitute trust property like other assets.

V. Popular projects 

Market overview

Bitcoin rebounded to $60,625 but did not surpass the daily MA140 at $62,846, indicating this rise is only a short-term strength rather than a true reversal.

The price subsequently began to correct, with key support levels at $58,000 and $56,000. If these levels hold, a continued rebound could be likely.

CATI has announced its tokenomics

Catizen (CATI), set to be released through Binance Launchpool, has released its tokenomics with a total supply of one billion tokens.

The distribution includes 34% for airdrops, 9% reserved for Binance Launchpool participants, 5% for liquidity, 15% to the treasury, 20% to the team, 10% to investors, and 7% to advisors.

At the TGE, 15% of the airdropped tokens will be fully released, alongside 100% of the tokens allocated to Launchpool and liquidity provisions, culminating in 30.5% of the total supply being released.

CKB is up 10% in a day

Nervos Network, has seen its token surge over 10% in the last 24 hours.

Following its listing on Upbit, CKB's demand has soared in the South Korean market, tripling its price compared to Binance. This spike in demand led to a temporary suspension of withdrawals on Binance, increasing user interest and further driving up the token's price.

CKB has reached a market cap of $727 million, with $670 million in 24-hour trading volume.

FTW is up 80% in a day

The price of FTW, a memecoin built on Ethereum featuring a black bull, has surged over 80% in the last 24 hours.

The total token supply is 10 trillion, with allocations of 60% for token sales, 10% for community development, 10% for marketing, 10% for ecosystem development, 5% for a reserve fund, and 5% for the team and advisors. 

The FTW token has recently seen considerable price movements, following suspicions of self-pumping due to its on-chain liquidity being only $15,400.

BOZO is up 38% in a day

BozoHYBRID, a NFTxTOKEN hybrid project built on Solana featuring 1,000 NFTs, has seen over a 38% increase in its token BOZO in the last 24 hours.

Previously, each NFT contains 800,000 BOZO tokens, and the NFTs were free to mint with a fair launch.

The BOZO token has recently seen continuous increases, reaching a market cap of $18.42 million. 

Significant token unlocks this week

This week, ARB, ID, and APE are set for unlocking, collectively releasing a total value exceeding $88 million.

Arbitrum (ARB) will unlock 92.65 million tokens on September 16, valued at approximately $49.19 million, representing 2.65% of the circulating supply.

SPACE ID (ID) is set to unlock 78.49 million tokens on September 22, with a value of about $27.19 million, accounting for 18.23% of the circulating supply.

ApeCoin (APE) will unlock 15.6 million tokens on September 17, worth approximately $11.46 million, representing 2.31% of the circulating supply.

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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