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Macro Environment: Core PCE inflation on Friday met expectations, reinforcing expectations for a rate cut in October. U.S. equities rebounded, ending a three-day losing streak. As a potential government shutdown looms, Trump plans to meet congressional leaders on Monday to address the crisis.
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Project Developments
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Trending tokens: PUMP, KAITO, MYX
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WLFI: Initiated buyback program, purchasing 3.814 million WLFI this week
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LDO: Lido’s buyback proposal has 100% support, deadline September 30
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ETHFI: ether.fi repurchased over $7.1M worth of ETHFI this week
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ASTER: Generated nearly $70M in fee revenue over the past 7 days, ranking 2nd among all protocols
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Major Asset Movements
Crypto Fear & Greed Index: 50 (previously 37, 24h ago), level: Neutral
Today’s Outlook
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U.S. federal funding set to expire September 30; if Congress fails to act on September 29, a shutdown could begin October 1
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SEC & CFTC to co-host regulatory coordination roundtable on September 29
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Falcon Finance to open $FF token claim on September 29
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Ronin Treasury expected to launch RON token buyback on September 29
Macro Economy
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U.S. August core PCE YoY: 2.9%, in line with market expectations
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U.S. September one-year inflation expectations final: 4.7% (vs 4.8% forecast)
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Trump posts cartoon threatening to “fire” Powell
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Kalshi prediction market: probability of U.S. government shutdown this year drops to 63%
Policy Direction
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Crypto com obtains CFTC approval for a margin derivatives license
Industry Highlights
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Kraken raises $500M seed round at $15B valuation
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Michael Saylor again posts Bitcoin Tracker update
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Cloudflare plans to launch USD-backed stablecoin “NET Dollar”
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Vanguard to roll out crypto ETF services on its brokerage platform
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BNP Paribas and BNY Mellon begin testing Ethereum L2 messaging with SWIFT
