ETH breaks through the $4400 mark

[Hong Kong Proposes Relaxing Capital Rules for Banks Holding Cryptocurrencies] According to CryptOpus, as reported by Jinse Finance, Hong Kong has proposed relaxing capital rules for banks holding cryptocurrencies.

[Preview: ECB to Announce Rate Decision Tonight at 20:15, Market Expects Rates to Remain Unchanged] BlockBeats News, September 11 – At 20:15 Beijing time this Thursday, the European Central Bank (ECB) will announce its rate decision, followed by a press conference held by ECB President Christine Lagarde at 20:45. Investors anticipate that the ECB will keep rates unchanged on Thursday, as inflation levels align with its target. However, the complex trade and political outlook suggests that the possibility of further easing remains. In any case, the debate is focused solely on the marginal issue of whether another rate cut is necessary, indicating that the ECB has already completed most of its monetary policy adjustments. Interest rates are likely to remain near current levels for an extended period. (Jin10)

[TD Securities: U.S. CPI Data May Become a Key Driver for EUR/USD Movement] TD Securities strategists pointed out that the upcoming U.S. CPI inflation data is expected to have a more significant impact on the EUR/USD pair's movement than the European Central Bank's interest rate decision. The market generally anticipates that the European Central Bank will keep the deposit rate unchanged at 2.0% and may emphasize that uncertainty has eased following the trade agreement between the U.S. and Europe. However, future policy will still be assessed on a data-dependent basis. The strategists further stated that U.S. CPI data could become the primary driver in the foreign exchange market and remain cautious about the possibility of the dollar strengthening due to robust economic data and signs of inflation transmission.

[South Korea to Lift Restrictions Allowing Cryptocurrency Companies to Obtain Venture Business Status Starting September 16] According to a report by Cointelegraph, South Korea will lift restrictions starting September 16, allowing cryptocurrency companies to obtain venture business status, enabling them to enjoy tax benefits and financing support.

[Trend Research-related addresses transfer 80 million USDT and withdraw 9,377 ETH] On-chain data shows that two new addresses related to Trend Research borrowed 80 million USDT from Aave and transferred it to Binance, subsequently withdrawing 9,377 ETH, valued at approximately $41.37 million. A week ago, these addresses had withdrawn 34,000 ETH from Binance and deposited it into Aave. Currently, these two addresses collectively hold 43,377 ETH, valued at approximately $192 million.