Crypto Morning Brief: Fed Expected to Cut Rates 5–6 Times in the Next Year, Linea Co-Founder Announces Departure
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Crypto Morning Brief: Fed Expected to Cut Rates 5–6 Times in the Next Year, Linea Co-Founder Announces Departure
Morph will launch a consortium of centralized exchanges to provide multi-party support for high-quality projects and developers.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Artificial Superintelligence Alliance (ASI) proposes integrating Cudos project into its alliance
According to The Block, the Artificial Superintelligence Alliance (ASI), formed by the merger of FET, AGIX, and OCEAN, has proposed incorporating the decentralized AI computing project Cudos into its alliance. The proposal now requires a community vote for approval. If this integration is approved, Cudos tokens will merge with the alliance’s cryptocurrency FET.
Regan Capital CIO: Expects Fed to cut rates 5-6 times over the next year
Skyler Weinand, Chief Investment Officer at Regan Capital, said August’s CPI data was “in line with expectations,” allowing the Federal Reserve to continue rate cuts at its September meeting, albeit by a smaller margin of 25 basis points. He added that the data opens the door for the Fed to respond to rising unemployment. Weinand expects the Fed to cut interest rates five to six times over the next year. According to the CME FedWatch Tool, after the inflation data release, the probability of a 25-basis-point rate cut by the Fed next week rose from 71% to 85%, while the chance of a 50-basis-point cut dropped from 29% to 15%.
Chromia native staking launches on September 24, enabling CHR token staking
Blockchain platform Chromia announced it will conclude its "MVP" mainnet phase on September 30, after which the network will officially be known as "Chromia Mainnet." Meanwhile, Chromia’s native staking functionality will go live on September 24. Once launched, users can stake CHR tokens on Chromia, Ethereum, and Binance Smart Chain, earning an annual yield of 10% plus a share of network fees. Stakers must delegate to a service provider on the Chromia mainnet, and rewards will be automatically distributed daily in native CHR. Withdrawals will still require a two-week waiting period.
Existing stakers are advised to promptly visit the new staking portal and re-delegate after the new system launches. The legacy EVM staking system will cease reward distributions on September 28, 2024, and users will have six months (until April 1, 2025) to claim any unclaimed EVM rewards.
Linea co-founder Marco Monaco announces departure, signaling potential major shift for project
Marco Monaco, co-founder and Head of Growth at Linea, officially announced his resignation via social media.
Monaco revealed he had already resigned from Consensys in mid-June and formally left the project following the EthCC conference in mid-July.
Differences in project direction emerged between Monaco and Consensys leadership. After careful consideration, both parties agreed that Monaco’s continued involvement was no longer optimal for Linea’s future development.
Going forward, the Consensys and MetaMask teams will assume full responsibility for Linea’s development.
Binance Labs announces investment in Telegram trading mini-app Blum
In an official announcement, Binance Labs revealed its investment in Blum, the fifth project selected under Season 7 of BNB Chain’s Most Valuable Builder (MVB) program. Blum is a Telegram-based trading mini-application focused on leveraged meme coins and newly launched tokens.
Previously, on August 22, Binance Labs announced investments in four top-performing projects from Season 7 of the BNB Chain MVB program: Aggregata, Opinion Labs, SideKick, and Vooi.
OKX Ventures announces strategic investment in Castile, the first AAA idle card game set in a Lovecraftian fantasy world on Aptos
On September 11, OKX Ventures announced a strategic investment in Nytro Lab, the developer behind Castile. Nytro Lab has not only innovated the "Play and Trade" business model but also attracted play-to-earn players with its unique Lovecraftian theme, enabling upgrades and flexible trading of equipment and items tailored to different terrains such as dungeons, creating sustainable digital asset returns for players over the long term.
Nytro previously ranked first in North American TikTok user acquisition tests within its category. Castile began public testing at 8:00 PM Beijing time on September 10, featuring two highly social dungeon experiences—Raid Boss Assault and Elite Tournament—that are temporarily available. Set in a next-generation magical Lovecraftian universe, Castile blends AAA-quality RPG card gameplay with MMO and roguelike elements (similar to Japan’s top-tier game Uma Musume). With cinematic hero presentations and realistic aesthetics, the game enhances Web3 storytelling through NFT equipment and non-pay-to-win gacha mechanics. During prior testing, a 90% player retention rate demonstrated strong community approval.
Solana network fees hit six-month low, possibly due to declining Pump.fun activity
Latest data shows Solana network fees have dropped to their lowest level in six months.
On August 31, Solana’s average daily fees were around 3,800 SOL. As of September 6, they slightly recovered but remain at approximately 4,000 SOL per day.
This contrasts sharply with performance in Q2 2024, when daily network fees routinely exceeded 10,000 SOL.
Morph to launch centralized exchange coalition, offering multi-party support for high-potential projects and developers
Consumer-focused public blockchain Morph plans to launch a centralized exchange (CEX) coalition—an industry initiative involving top-tier CEXs aimed at supporting all outstanding and promising blockchain projects and developers. Leading exchanges including Bitget, HTX, MEXC, and Poloniex will serve as key participants in supporting ecosystem growth.
Participating CEXs will gain access to a curated pipeline of high-quality projects reviewed and approved by the Coalition’s Integration Committee, reducing resource allocation required for project discovery and due diligence. Projects approved by the committee will have opportunities to present directly to participating exchanges, though each exchange will independently make final listing decisions.
Grayscale: Sui Trust now open to qualified investors seeking exposure to SUI
Grayscale announced on social media that its Sui Trust (Grayscale Sui Trust) is now available to qualified investors interested in investing in SUI.
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