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Top 10 News of the Week
1. US August seasonally adjusted core CPI monthly rate at 0.3%, expected at 0.20%, previous value at 0.20%. US August unadjusted CPI annual rate at 2.5%, expected at 2.6%, previous value at 2.9%, marking the 5th consecutive month of decline and the lowest level since February 2021. The overall CPI slowdown in August is in line with expectations. The higher-than-expected core inflation rate supports the possibility of a 25 basis point interest rate cut by the Federal Reserve next week and rules out the possibility of a larger 50 basis point cut.
2. Binance lists Catizen (CATI) and Hamster Kombat. Binance has recently been listing several projects from the TON ecosystem, including Notcoin, TON, and DOGS. Hamster Kombat previously announced that its user base has exceeded 300 million (with the possibility of many bot accounts) and rejected investment intentions from all venture capitalists. Catizen claims to have 34 million users since its launch 6 months ago, with 2.24 million users being Telegram Premium users. Catizen claims to have the highest revenue among all Telegram applications, with over 2 million active players on the chain and a total of 800,000 paying users, generating a total revenue of $26.4 million.
3. MicroStrategy purchases 18,300 BTC. MicroStrategy announced that it has purchased 18,300 BTC at an average price of $60,408 between August 6th and September 12th, with a total value of approximately $1.11 billion. This investment has yielded a 4.4% return on BTC for the quarter and a 17.0% return for the year-to-date. As of September 12th, MicroStrategy holds 244,800 BTC, valued at approximately $9.45 billion, with an average price of approximately $38,585.
4. SEC cryptocurrency enforcement fines reach $4.7 billion in 2024, an increase of over 30 times. The US Securities and Exchange Commission (SEC) has significantly increased its enforcement efforts in the cryptocurrency industry in the 2024 fiscal year. According to a report by Social Capital Markets, the total amount of fines imposed by the SEC on cryptocurrency companies and executives in this fiscal year has soared to $4.7 billion, a 3018% increase from the $150.3 million in the 2023 fiscal year. The report shows that the SEC has carried out a total of 11 enforcement actions this fiscal year, a decrease of 19 from the previous fiscal year, but the total amount of fines has reached a record high. Among them, the $4.47 billion settlement agreement reached by the SEC with Terraform Labs and its former CEO Do Kwon in June 2024 accounted for a major part and constituted the “largest