Fundstrat: ETH Going to $5,500 by Mid-October’s Global Head of Technical Strategy

[Trump Family Bitcoin Mining Company ABTC Listed on Nasdaq] On September 16, the Trump family’s Bitcoin mining company, American Bitcoin (stock ticker: ABTC), officially listed on Nasdaq. Previously, the company raised up to $2.1 billion through a public offering and completed a merger with Gryphon Digital Mining. Following the merger, the new entity is jointly owned by Donald Trump Jr., Eric Trump, and mining company Hut 8, holding 98% of the shares while retaining the American Bitcoin name.

Bitget IP/USDT perpetual trading volume surged 31 times in 10 minutes, with a turnover of 19.64 million US dollars in the past 24 hours, an increase of 0.85% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

The crypto exchange's shares soared 64% on debut, but investor enthusiasm has since cooled as profitability remains elusive.

[Atlanta Fed Raises U.S. Q3 GDP Growth Forecast to 3.4%] The Atlanta Fed's GDPNow model has updated its forecast for U.S. third-quarter GDP growth to 3.4%, up from the previous estimate of 3.1%.

[OKX Explorer: Tether Burns 2 Billion USDT on TRX Chain] According to data provided by OKX Explorer, at 23:19 (UTC+8) on September 16, Tether burned 2 billion USDT on the TRX chain. Transaction hash: be8c0661ff064440a464d51f25b0eb98cca54c72888ba3d1f81059eb84dda38e View details: https://web3.(okx.com)/explorer/trx/tx/be8c0661ff064440a464d51f25b0eb98cca54c72888ba3d1f81059eb84dda38e Note: The above data is sourced from OKX Explorer