Binance Morning Post (September 17)

● Grayscale report: US dollar reputation is challenged by debt and inflation, and crypto assets may become a replacement for store of value According to ChainCatcher, Grayscale's latest macro research report pointed out that the US government's commitment to maintaining low inflation is facing a credibility crisis due to high debt levels, rising interest rates and sustained deficit spending. Investors may turn to alternative assets such as cryptocurrencies if they have doubts about the stability of the US dollar as a store of value. The report said that Bitcoin and Ethereum, as the core monetary assets of the crypto market, have limited and transparent supply mechanisms, giving them the potential to hedge against the depreciation of fiat currencies in a macro environment. Similar to gold, their value comes from "not being passively expanded supply due to government debt demand." Grayscale stressed that the current unsustainable growth of public debt is driving global demand for crypto assets, but if governments in the future strengthen fiscal discipline and reaffirm central bank independence, it may weaken the demand for cryptocurrencies. ● The Ether Machine has submitted a S-4 application to the US SEC According to Wu, The Ether Machine announced that it had submitted a draft S-4 registration statement confidentially to the U.S. SEC. The company is advancing its listing process through a business merger with Nasdaq SPAC company Dynamix (ETHM) and The Ether Reserve. Co-founder and Chairman Andrew Keys said the submission of Form S-4 is an important step towards becoming an Ethereum listed company. ● The monthly retail sales rate in August was announced at 0.6%, exceeding expectations According to Shenzhen Chao TechFlow, the monthly retail sales rate in August was 0.6%, higher than expected 0.2% and 0.50% of the previous value. ● Glassnode: Bitcoin short-term holders realize price as a benchmark support indicator for bull market According to BlockBeats, Glassnode said on September 16 that in the cryptocurrency bull market, the realization of Bitcoin (BTC) short-term holders play a supporting benchmark. As long as the price remains above that level, the overall trend remains bullish. Once it falls below this support, the market will often enter a stage of contraction or correction. ● The total value of RWA on-chain exceeded US$30 billion, and the market accelerated expansion According to ChainCatcher, RWA.xyz data shows that the total value of RWA on-chain is US$30.14 billion, an increase of US$2.34 billion from US$27.8 billion on September 9, a weekly increase of 8.42%. The total number of asset holders rose to 392,697, with 10,373 new people in a week, an increase of 2.71%, and a six-week increase. The number of asset issuers dropped from 274 to 211, a decrease of 22.99%, which may be related to clearance and statistical adjustments.