Lookonchain APP

App Store

Less than ten days away from the Fed's September interest rate meeting, traders are starting to bet on an October rate cut

4 hours ago

September 8th. With fewer than ten days remaining until the Fed's September interest rate meeting, current market traders are placing high bets on a rate cut in September and simultaneously elevating the probability of a rate cut in October. According to CME's "FedWatch" data, the likelihood of the Fed not implementing a rate cut in September currently stands at 0, with a 90% chance of a 25-basis-point rate cut. This probability is reported to be 87% on Polymarket. Moreover, traders are beginning to make wagers on a rate cut in October. CME data indicates that if the Fed cuts rates in September, the probability of another 25-basis-point rate cut in October is 71.6%, which represents a substantial increase from last week's 48%.
Relevant content

Metalpha's associated address has deposited 11,500 ETH into Binance, worth approximately $49.34 million

On September 8th, based on LookOnChain's monitoring, the wallet address affiliated with Metalpha has just withdrawn 11,500 ETH (valued at $49.34 million) from Aave and deposited it into Binance.

6 minutes ago

Binance Alpha will list Linea (LINEA) and open airdrop claims to eligible users

On September 8th, as per official channels, Binance Alpha is set to launch Linea (LINEA) on September 10th. Once trading commences, eligible users will be able to utilize their Binance Alpha points to claim the airdrop on the Alpha Events page. Further details will be made public shortly.

6 minutes ago

A Whale Withdraws 24.05 Million WLFI from Bybit Again, Worth About $4.94 Million

On September 8th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale once again withdrew 24.05 million WLFI from Bybit, with a value of $4.94 million. Up to now, the total cost of obtaining WLFI and BLOCK has exceeded $23.26 million.

6 minutes ago

OKX will delist ZEREBRO, WAXP, NEIROETH, ALCH, DGB, and DOG perpetual swap contracts on September 12.

On September 8th, according to an official announcement, OKX has declared that it will remove ZEREBRO, WAXP, NEIROETH, ALCH, DGB, and DOG perpetual contracts from its platform on September 12th at 4:00 p.m. (UTC+8). At the moment of delisting, the trading of the contracts will be suspended, all user orders will be cancelled, and the arithmetic average of the OI index one hour prior to delisting will be employed as the delisting perpetual contract settlement price to settle all user positions under that contract.

6 minutes ago

Matrixport: Trump Influence or Reshaping the Fed, Crypto Funds Pour into Tokenized Gold Field

On September 8th, Matrixport put out a market insight indicating that ever since the U.S. Congress approved a $5 trillion increase in the debt ceiling, the U.S. has issued $1.2 trillion in new debt. This has become one of the key factors leading to the rise in gold prices. Another factor is that Trump's influence on Federal Reserve decisions is on the rise. He is actively promoting his preferred candidates to join the Federal Reserve, and they may soon hold a majority of the seats. At the same time, cryptocurrency traders are increasingly allocating to tokenized gold and continuously injecting new capital into this asset, reaffirming gold's position as a viable asset class. Due to the close relationship between gold and Bitcoin, traders will continue to seek alternative store-of-value assets, especially as the confidence in U.S. fiscal discipline remains under pressure.

6 minutes ago

Solana Network DEX Hits Over $2.6 Billion in Trading Volume in the Last 24 Hours, Ranking First Globally

On September 8th, according to data from DefiLlama, within the past 24 hours, the DEX trading volume on the Solana network reached $26.02 billion, ranking first among all networks. During the past 24 hours, the DEX trading volume on the BNB Chain network reached $21.58 billion, coming in second among all networks. The top three DEX protocols in terms of trading volume within the Solana ecosystem are Pump, Meteora, and Raydium.

6 minutes ago