OKX-ETH/USDT is currently trading at $4401.73, up 0.14% in 5 minutes. Please be aware of market fluctuations.

OKX-OKB/USDT is currently trading at $179.86, with a 5-minute increase of 3.03%. Please be aware of market fluctuations.

[IREN to Pay $20 Million to Resolve Loan Default Dispute] IREN announced it will pay $20 million to NYDIG to resolve a dispute stemming from a loan default related to Bitcoin mining equipment. The agreement addresses $107.8 million in debt overdue since the end of 2022 and concludes all related litigation, protecting the company and associated individuals from further claims. The agreement is currently awaiting court approval for formal closure.

On-chain analyst Murphy pointed out that Bitcoin's price has fallen below the short-term holder average price of $108,000, causing market sentiment to turn to panic. Low weekend liquidity may exacerbate volatility. Meanwhile, the Kraken exchange reduced 41,512 BTC between August 27 and 29, indicating that whales are continuing to accumulate during the price correction.

[The Federal Reserve Enters 'Blackout Period,' Only Regional Fed Presidents to Speak Next Week] The Federal Reserve has entered the 'blackout period' ahead of its mid-September meeting. During this time, until September 7, members of the Federal Reserve Board will not make public statements. Recent remarks by Governor Waller may be the final comments before the meeting. Next Wednesday, St. Louis Fed President Bullard is scheduled to speak on the U.S. economy and monetary policy, which will become the focus of market attention.