Some important news about the encryption market:

1. Nasdaq ETP director: The rejection of BlackRock’s first Bitcoin ETF was purely procedural and not a final decision.
Brother Hua also believes that this is the case. The spot ETF will definitely be approved, and it may be similar to the time node of Grayscale at that time.
2.FTX has received court approval to liquidate its cryptocurrency.
It is most likely an over-the-counter transaction and will have little impact on the secondary market.
3. The U.S. cpi in August was higher than expected, and interest rates are still expected to rise in September.
There is not much more to be raised. It is almost over. At most, one or two additional 25 basis points will be added. Once the interest rate hike cycle is over, good times are coming!