Binance Morning Post (September 8)

● CICC: The market has entered a consolidation period, and the core logic of this round of AI computing power has not been proven to be false According to Jinshi data, CITIC Construction Investment Research Report pointed out that the market fell for three consecutive days from September 2 to 4, and the slow bull market entered a consolidation period for the first time. The main reason is that market trading was overheated in late August, and the concentration of funds in the TMT sector led to a deterioration in the trading structure. Important activities at the beginning of the month and expectations of the Federal Reserve's interest rate cut were close to being fulfilled, and risk appetite decreased. Statistics show that the index pullback is relatively mild under the background of slow bull, with a long consolidation period, showing a trend of volatile recovery, and the market has switched high and low. During the consolidation period, risk appetite decreased, and the dividend sector continued to be retained as a bottom position. The core logic of AI computing power has not been falsified, and the track direction of the previous growth rate is behind but the economic logic is still there. ● Bitcoin’s market value is close to twice the total market value of MasterCard and Visa According to PANews, 8Marketcap data shows that Bitcoin’s market value is about $2.212 trillion, nearly twice the combined market value of MasterCard and Visa. Visa has a market capitalization of approximately $666.16 billion, while Mastercard has a market capitalization of approximately $528.14 billion. ● Japanese Prime Minister Shigeru Ishiba decided to resign because he was unwilling to split the party According to BlockBeats, on September 7, Japanese Prime Minister Shigeru Ishiba decided to resign from his post on the grounds of "unwilling to split within the party." The Liberal Democratic Party will decide on the 8th whether to hold an interim presidential election. Shigeru Ishiba will hold a press conference at 5 p.m. East Eighth Time. ● Changes in Ethereum holdings in the past 30 days: BMNR holds 1.87 million ETH first According to Wu Said, data from strategichereserve shows that among the companies and institutions with large changes in Ethereum's holdings in the past 30 days, Bitmine Immersion Tech (BMNR) holds 1.87 million ETH, worth about US$8 billion. SharpLink Gaming (SBET) holds 837,000 ETHs, worth approximately US$3.59 billion. The Ether Machine (ETHM) holds 495,000 ETHs, worth approximately US$2.12 billion. The Ethereum Foundation holds 229,600 ETH, worth approximately US$984 million.