BTC has a place in the portfolio, Musk did not mention cryptocurrencies

Headline

▌BlackRock founder Larry Fink: I firmly believe that Bitcoin has a place in the portfolio

BlackRock founder Larry Fink: "I believe Bitcoin is a legitimate financial instrument that allows you to earn uncorrelated returns, and I believe you can invest in it when you are afraid. I firmly believe that Bitcoin has a place in the portfolio."

▌Musk met with the President of El Salvador and did not mention cryptocurrency

Musk posted on social media that he had a wonderful conversation with the President of El Salvador, Nayib Bukele. Talked a lot about the nature of reality, the future of mankind, and how technologies such as artificial intelligence and robotics will affect the world. There was no mention of Bitcoin or cryptocurrency in the tweet.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $63,247.78, with a daily increase or decrease of +0.1%;

ETH's latest transaction price is $2,620.44, with a daily increase or decrease of +2.0%;

BNB's latest transaction price is $586.56, with a daily increase or decrease of +2.7%；

SOL's latest transaction price is 148.77 US dollars, and its intraday increase or decrease is +1.1%；

DOGE's latest transaction price is 0.1094 US dollars, and its intraday increase or decrease is +4.0%；

XPR's latest transaction price is 0.600 US dollars, and its intraday increase or decrease is +3.3%。

Policy

▌Financial Action Task Force (FATF) urges India to strengthen virtual asset regulation

The Financial Action Task Force (FATF) announced on Thursday that India has "achieved a high level of technical compliance with FATF recommendations and has taken significant steps to implement them to combat illicit financing" after a joint assessment with the Asia-Pacific Group on Money Laundering (APG) and the Eurasian Group (EAG). But areas for improvement were pointed out, especially in regulating the non-financial sector and virtual asset providers. India was urged to adopt a risk-based approach to protect non-profit organizations and address delays in prosecution of financial crimes.

▌Harris raises four times more donations than Trump in final election sprint

Vice President Kamala Harris raised and spent far more money than former President Donald Trump in August, and she will have more cash at the end of the month to make a final sprint for the November election, according to the latest filings from the Federal Election Commission. The Harris campaign raised more than $189 million in August, more than four times the $44 million raised by the Trump campaign. The figures reflect funds raised specifically for the candidate's main campaign account and do not include donations to other arms of their political activities. The Harris campaign announced earlier this month that it raised a total of $361 million in campaign contributions in August in conjunction with the Democratic National Committee and fundraising committees. In comparison, the $130 million raised by the Trump campaign and its joint fundraising committees pales in comparison.

Blockchain Applications

▌The current TVL of Ethereum liquidity re-pledge protocol is 10.669 billion US dollars

DefiLlama data shows that the current TVL of Ethereum liquidity re-pledge protocol is 10.669 billion US dollars, among which the top five protocols in terms of TVL are: -ether.fi TVL is 5.71 billion US dollars, with a 7-day increase of 6.72%; -Puffer Finance TVL is 1.365 billion US dollars, with a 7-day increase of 6.03%; -Eigenpie TVL is 1.142 billion US dollars, with a 7-day increase of 6.53%; -Renzo TVL is 815 million US dollars, with a 7-day increase of 4.01%; -Mellow LRT TVL is 707 million US dollars, with a 7-day increase of 5.86%;

▌Web3 video game protocol Forge completes new round of financing, Sui Network and others participate

Web3 video game protocol Forge announced the completion of a new round of financing, Sui Network, Ava Labs, Chris Wang, the founder of ThunderCore protocol, Dingaling, and consulting company AP Collective participated in the investment, and the specific amount of financing and valuation information have not been disclosed. Forge plans to use the new funds to expand its blockchain-based Web3 video game platform, supporting players to integrate game achievements and activities into a personal profile, while providing social participation and game rewards.

▌Coinbase plans to run cbBTC on the Solana blockchain

According to Solana Floor’s post on the X platform, a Coinbase spokesperson said at an event that cbBTC will be run on the Solana blockchain. cbBTC is an ERC20 token backed 1:1 by Bitcoin (BTC) held by Coinbase and is currently deployed on the Base chain.

Cryptocurrency

▌US Company Uses Bitcoin to Pay for El Salvador Coffee Purchase

According to the Salvadoran Ministry of Foreign Affairs, American coffee company Compass Coffee has completed international purchases of El Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterparty to the transaction, explained that he received the payment in less than 10 minutes, thus avoiding the need for an intermediary in such transactions.

▌The U.S. SEC has charged three individuals and five companies with allegedly operating a "pig-killing" crypto scam.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against three individuals and five companies, accusing them of operating a "pig-killing" crypto scam. It is reported that the relevant lawsuit is the first enforcement action taken by the SEC against this type of crypto scam, just one day before the U.S. House Financial Services Committee is preparing to hold a hearing on the "pig-killing" scam. Gurbir S. Grewal, director of the U.S. SEC's enforcement division, said in a press statement that relationship-based investment scams, including those involving crypto asset investments, pose a huge risk to retail investors, and this threat is rapidly increasing as these scams become more popular among scammers. In both cases, we accused the scammers of creating a fake crypto ecosystem and presenting false information to investors. Our charges remind the public to be highly vigilant about investment opportunities promoted by strangers on social media.

Important Economic Dynamics

▌Harris campaign slams Trump's comments on Fed ahead of economic speech

U.S. Vice President Kamala Harris' campaign has harshly criticized Donald Trump's comments on the Fed's first interest rate cut in four years and focused on economic issues ahead of the November presidential election. Republican candidate Trump weighed in within hours of the Fed's 50 basis point rate cut on September 19, calling it a "political move" and saying a 25 basis point cut was appropriate. He has previously suggested that independent central banks should be subject to a degree of executive branch control.

Golden Encyclopedia

▌What is the Ethereum Prague-Electra (Pectra) upgrade?

Ethereum's Pectra upgrade combines two separate upgrades: the Prague upgrade and the Electra upgrade. The Prague upgrade focuses on changes to the network's execution layer, while the Electra upgrade affects the consensus layer. These upgrades are collectively referred to as the "Pectra" upgrade when combined. The Pectra upgrade will follow "Dencun," a merger of the Deneb and Cancun upgrades in March 2024. Technically, Dencun is an Ethereum hard fork designed to reduce transaction fees for Layer 2 solutions. Pectra is a new milestone on the Ethereum development roadmap and is scheduled to go live in the first quarter of 2025. This timeline allows for the inclusion of additional features to improve the Ethereum user experience (UX).

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to raise your risk awareness.