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  • 10:51
    Bitcoin long-term holders are realizing profits approximately 273 times their cost basis
    According to a report by Jinse Finance, a chart released by @JA_Maartun shows that the Bitcoin Long-Term Holder SOPR (Spent Output Profit Ratio) has just surged to 273. This means that, based on on-chain data, the profits realized by long-term holders are approximately 273 times their cost basis.
  • 10:13
    ZachXBT Questions Circle’s Statements on Regulatory Compliance
    According to Jinse Finance, on-chain investigator ZachXBT has questioned recent remarks by Circle CEO Jeremy Allaire regarding the necessity of "cooperating with the government." He pointed out that Circle took as long as six months to freeze addresses linked to the Lazarus Group, whereas three other major stablecoin issuers immediately blacklisted those addresses. Additionally, when the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) requested action on sanctioned Garantex addresses, the Circle team also failed to respond in a timely manner.
  • 09:33
    Goldman Sachs: Fed Expected to Cut Rates by 25 Basis Points in September, Five-Year U.S. Treasuries Seen as the Best Trade Before the Rate Cut
    According to a report by Jinse Finance, Goldman Sachs’ Chief Global Banking and Markets Strategist, Shifrin, stated that five-year U.S. Treasury bonds are currently the most attractive trading option amid the prospect of potential Federal Reserve rate cuts. He pointed out that five-year Treasury yields in the 3%-4% range offer investment value while also providing protection when market risks rise. At present, the five-year U.S. Treasury yield stands at 3.85%, a significant drop from 4.38% at the beginning of the year. A Reuters survey shows that 61% of economists expect the Federal Reserve to lower its benchmark interest rate by 25 basis points to the 4%-4.25% range at its September meeting. Goldman Sachs forecasts that, given the slowdown in real GDP growth and rising unemployment, the Fed may begin a rate-cutting cycle in the fourth quarter of 2025 and continue easing into 2026, ultimately adjusting the policy rate to the 3%-3.25% level. (Jin10)
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