According to BlockBeats, on September 19, Kerry Craig, a global market strategist at JPMorgan Asset Management, stated in a report that the Federal Reserve has indicated a more cautious approach to the easing cycle. Craig noted that Federal Reserve Chair Jerome Powell has effectively communicated by balancing the urgency of returning to a neutral interest rate with acknowledging the relatively stable economic state. Craig added that the focus has shifted more towards an employment-first approach rather than inflation. The scale of rate cuts may be less significant than the ultimate goal, which is to lower rates by 150 basis points by the end of 2025 and adjust the policy rate closer to the Fed's neutral view by 2026. Craig mentioned that if nominal growth and the easing cycle remain stable, both stocks and bonds should benefit.

According to BlockBeats, the total market capitalization of cryptocurrencies has risen to $2.24 trillion, marking a 1.8% increase over the past 24 hours, as reported by CoinGecko on September 19.

According to Odaily, market data indicates that SAGA has experienced a significant increase, surpassing the 2.5 USDT threshold. Currently, SAGA is trading at 2.5138 USDT, marking a 24-hour rise of 30.87%.

According to Odaily, the cryptocurrency Taiko has experienced a notable increase in its market performance over the past 24 hours. The current price of Taiko stands at 1.97 USDT, reflecting a 32.07% rise within the last day. Additionally, the 24-hour trading volume for Taiko has reached $198,943,860, marking a substantial increase of 635.07%.

According to PANews, JPMorgan Chase CEO Jamie Dimon, despite his public disdain for Bitcoin, has acknowledged that the bank is a significant user of blockchain technology. In an interview at Georgetown University, Dimon emphasized that JPMorgan is a practical user of blockchain, not just for illicit activities. The bank utilizes blockchain technology through its JPM Coin product to help companies automate fund transfers. Although Dimon has repeatedly criticized Bitcoin, calling it a 'fraud,' he recognizes the value of blockchain applications within the banking system.

According to BlockBeats, on September 19, market data indicated a significant rise in altcoin prices following a 50 basis point interest rate cut by the Federal Reserve. Several altcoins experienced notable gains over the past 24 hours.Kadena (KDA) saw a 22.64% increase, bringing its current price to $0.65. Similarly, Saga (SAGA) rose by 22.39%, now priced at $2.452. Sei (SEI) experienced a 19.97% surge, with its price reaching $0.3382. Blur (BLUR) also saw a significant rise of 17.1%, now valued at $0.208. Lastly, TIA increased by 14.88%, with its current price at $6.08. These price movements reflect a broader positive trend in the altcoin market, influenced by the Federal Reserve's recent monetary policy adjustment.

According to PANews, on September 19, blockchain investigator ZachXBT issued a warning on X platform about multiple large accounts being hacked and used to post scam information related to meme coins. The latest updates reveal that the scammers have managed to earn approximately $8,000 from this attack, with a market value of only $67,000. ZachXBT speculates that the compromised accounts may have authorized the same malicious website or application. He advises users to remain vigilant and manage account permissions carefully to prevent similar attacks.

According to PANews, Nirvana Finance has announced its recovery plan following a hack in July 2022. The incident involved hacker Shakeeb Ahmed manipulating the protocol's pricing mechanism to steal approximately $3.5 million in stablecoins. Through collaboration with the U.S. Department of Justice, Department of Homeland Security, and the IRS, Nirvana successfully recovered the stolen funds. Ahmed has been sentenced to three years in prison and is required to return the cryptocurrency and pay $3.4 million in restitution.Nirvana Finance plans to launch its V2 mainnet in mid-October and initiate the victim compensation process. This marks a significant step in the protocol's efforts to restore trust and ensure the security of its platform.

According to Foresight News, social media platform X has resumed its service in Brazil after being blocked by the country's Supreme Court for three weeks. The platform managed to bypass the digital barriers set by Brazilian internet service providers by altering its internet traffic routing. The chairman of Brazil's telecommunications regulatory agency, Anatel, stated that they are currently assessing how to reimpose the block on the platform.

According to Foresight News, data from Alternative.me indicates that the Cryptocurrency Fear and Greed Index has risen to 49 today. This marks an increase from yesterday's index of 45, which was categorized as a 'fear' state. The current index suggests that the market sentiment has shifted to a 'neutral' state.

According to Foresight News, Silvergate Capital Corporation, the parent company of crypto-friendly bank Silvergate, has filed for bankruptcy in the Delaware Bankruptcy Court. The filing reveals that the company's assets range between $10 billion and $50 billion, while its liabilities are between $100,000 and $50 million. The bankruptcy application also includes Silvergate's subsidiaries, Silvergate Liquidation Corporation and Spring Valley Lots LLC. The company's restructuring plan proposes full repayment of certain debts, including administrative expenses, taxes, secured loans, and professional fees. Claims related to common stock and securities litigation will be completely canceled, and preferred shareholders are expected to receive partial payments based on their shares.Previously, Foresight News reported that Silvergate Capital Corp. had agreed to pay $63 million to settle with the U.S. Securities and Exchange Commission (SEC), the Federal Reserve, and the California Department of Financial Protection and Innovation (DFPI).

According to Cointelegraph, the government of Louisiana has made a significant move by accepting its first-ever cryptocurrency payment. State Treasurer John Fleming announced that residents now have the option to pay for state services using Bitcoin (BTC), the Bitcoin Lightning Network, and the US dollar-pegged stablecoin USD Coin (USDC). This development marks a new era for the state, embracing digital currencies for public transactions.The inaugural crypto payment was processed for a fine directed to the Louisiana Department of Wildlife and Fisheries via Bitcoin’s Lightning Network. Fleming highlighted that this initiative is a result of collaboration between the state, Bead Pay, and other integration partners. He emphasized that this move aims to reduce fraudulent transactions and modernize government systems to align with the digital age.Fleming stated, “By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing our citizens with flexibility and freedom in interacting with state services.” He also assured that the state would receive the payments in fiat currency, as the service converts crypto payments into US dollars, thus mitigating previous concerns about accepting cryptocurrency.Republican State Representative Mark Wright, who led the effort for the state to accept crypto, expressed his enthusiasm about the expanded payment options. Wright had established a digital assets working group in May 2022, which concluded that cryptocurrency would be a viable form of payment. He also spearheaded a 2021 Louisiana House resolution that recognized the contributions of Bitcoin’s anonymous inventor, Satoshi Nakamoto, to economic security.In addition to accepting crypto payments, Louisiana has also taken legislative steps regarding digital currencies. In June, the state amended its laws to ban central bank digital currencies (CBDCs) and set regulations for crypto miners and node operators. The legislation prohibits the state from participating in tests for, accepting, or requiring payments using a CBDC, but it does not ban other forms of digital currency payments.

According to BlockBeats, on September 19, the public blockchain sector experienced notable increases in various cryptocurrencies. SEI is currently priced at $0.3305, marking a 24-hour increase of 20.5%. SUI is now valued at $1.39, reflecting a 24-hour rise of 17.2%. TAIKO has reached a price of $1.89, showing a 24-hour gain of 31.9%. ZETA is priced at $0.7186, with a 24-hour surge of 38.1%.

On Sep 19, 2024, 00:53 AM (UTC), according to Binance Market Data, Ethereum (ETH) has crossed the 2,400 USDT benchmark and is now trading at 2,400.399902 USDT, with a narrowed 3.37% increase in 24 hours.

According to Odaily, a research report from China International Capital Corporation (CICC) indicates that the Federal Reserve's recent decision to implement a more aggressive 50 basis point rate cut was unexpected. The monetary policy statement highlighted that recent inflation data has given policymakers increased confidence in achieving the 2% inflation target. This move suggests that the Fed's response function has shifted from focusing solely on inflation to prioritizing employment. The report interprets this as a signal that the Fed has a low tolerance for rising unemployment and that officials are unwilling to jeopardize the prospects of a 'soft landing' for the economy. Based on statements from Fed Chair Jerome Powell, the report suggests that any unemployment rate exceeding 4.4% could trigger further rate cuts. This indicates that the Fed will maintain a dovish stance until labor market data stabilizes. Looking ahead, the likelihood of a soft economic landing in the short term has increased due to the Fed's more substantial rate cuts.

According to BlockBeats, on September 19, the U.S. S&P 500 index futures rose by 0.85% during the Asian trading session. Additionally, Nasdaq futures increased by 1.3%, and Dow Jones futures saw a rise of 0.51%.In other markets, Japan's Nikkei 225 index opened higher by 1.6%, while the TOPIX index also opened with a gain of 1.4%.

On Sep 19, 2024, 00:03 AM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 62,000 USDT benchmark and is now trading at 62,014.621094 USDT, with a narrowed 2.88% increase in 24 hours.

On Sep 19, 2024, 00:00 AM (UTC), according to Binance Market Data, BNB has crossed the 560 USDT benchmark and is now trading at 560 USDT, with a narrowed 2.58% increase in 24 hours.

According to BlockBeats, on September 19, the Hong Kong Monetary Authority (HKMA) announced a reduction in its benchmark interest rate by 50 basis points, bringing it down to 5.25%. This decision follows the U.S. Federal Reserve's announcement earlier in the day to cut its interest rate by the same margin.