Coinbase applies to launch perpetual contracts for individual stocks in the United States

Bitcoin analyst Checkmatey stated that long-term holders currently control 80% of Bitcoin's wealth, and 4 million BTC have recently transitioned from a loss making state to a profitable one.

According to data from the European Securities and Markets Authority, from June 26 to September 16, the number of banking based cryptocurrency service providers increased from about 40 to about 80, accounting for nearly 23% of registered providers, up from about 17%. During the same period, the total number of registered cryptocurrency service providers increased from 243 to 349, and the proportion of non bank providers decreased from about 84% to 77%, but their absolute number is still growing. Several partner banks and commercial banks in Germany have been included in the list, and Deutsche Bank plans to launch digital asset custody services for European institutions and corporate clients.

The SEC takes action against cryptocurrencies, HYPE token prices hit a historic high, on chain activity rebounded, and NEAR and ZKSnarks experienced related developments.

Yi Lihua, founder of Liquid Capital, said that Bitcoin continued to rise after the short-term fall below 70000 US dollars after the Federal Reserve's interest rate hike was implemented. It should not be short in the bull market trend, and it should not be easy to get off before the end of the bull market. Trading infrastructure and DeFi are essential, and this cycle should avoid chasing narrative projects and imitating follower projects.

[JackYi: Market movement aligns with expectations after rate hike, recommend holding spot positions] JackYi stated that after the rate hike, the market movement aligns with expectations. Following a short-term dip below $76,000 and subsequent consolidation, the market continues to rise. In the bull market trend, it is recommended to hold spot positions and focus on trading-related Infra and on-chain financial sectors. It is advised to avoid narrative-driven and imitation-based projects.