The Federal Reserve cuts interest rates by 25 basis points, restarts the pace of interest rate cuts | Binance Morning Post (September 18)

● The Federal Reserve cut interest rates by 25 basis points, restarting the pace of interest rate cuts According to Jinshi data, the Federal Reserve lowered the benchmark interest rate by 25 basis points to 4.00%-4.25%, in line with market expectations. This marks a restart of the pace of interest rate cuts that have been suspended since December last year. ● BNB broke through 990 USDT, setting a record high According to Binance market data, BNB broke through 990 USDT this morning, hitting a high of 995.44 USDT, setting a record high. ● BlackRock's 185 billion investment portfolio has greatly adjusted its position, betting on the future performance of US stocks and AI market. According to Jinshi data, BlackRock, the world's largest asset management company, has significantly increased its holdings in US stocks and increased its exposure to the artificial intelligence field in its model portfolio platform with a scale of US$185 billion. BlackRock increased its allocation to US stocks at the expense of reducing its holdings in international developed market stocks, and the overall stock holdings exceeded 2%. Data shows that on the day of adjustment, billions of dollars of capital flows occurred between its exchange-traded funds. BlackRock's adjustment is a statement of confidence in the rise of US stocks. Due to the investment boom in the AI ​​field and the market's bet on the Fed's interest rate cut cycle, the S&P 500 hit a record high. BlackRock said U.S. corporate earnings grew by 11%, while other developed market companies increased by less than 2%. ● The US Congress promotes the Bitcoin Strategic Reserves Act and plans to purchase 1 million Bitcoins within five years. According to Shenzhen Chaochao TechFlow, on September 17, the US Congress held a legislative promotion meeting for Bitcoin Strategic Reserves. Senator Ted Cruz, Marsha Blackburn and Strategy founder Michael Saylor attended the event. The BITCOIN Act was re-established by Senator Cynthia Lummis in March this year, aiming to include Bitcoin in the national strategic reserve assets and require the government to acquire 1 million Bitcoins within the next five years. Hailey Miller, head of policy at Digital Power Network, said that the parties have reached a consensus on the need for strategic bitcoin reserves and plans to incorporate them into a broader policy framework. The proposal expands President Trump's policies. However, the proposal remains controversial outside the cryptocurrency community, and Lummis acknowledged that it might take longer to convince his congressional colleagues. ● The US SEC approved the listing and option trading of Grayscale Digital Market Fund. According to BlockBeats, on September 18, the US SEC approved the listing and trading of Grayscale Digital Market Fund. The fund holds spot digital assets based on the CoinDesk 5 index. In addition, the SEC also approved the launch and trading of options that were settled in the afternoon on the Cboe Bitcoin U.S. ETF Index and the Mini-Cboe Bitcoin U.S. ETF Index. Option expiration dates include the third Friday of each month, non-standard expiration and quarterly index expiration. ● The UK FCA intends to exempt some of the rules from not applying to better regulate the crypto industry. According to Wu, the UK Financial Conduct Authority (FCA) plans to formally manage crypto companies in 2026, the exemption will not apply to the traditional financial rules of the industry. The FCA will strengthen supervision such as cybersecurity to ensure matching with actual risks. ● Metaplanet announces the establishment of a wholly-owned subsidiary in Miami, USA. According to Wu Said, Japanese micro-strategy Metaplanet announced the establishment of a wholly-owned subsidiary in Miami, USA. Metaplanet Income Corp., to expand Bitcoin income business and related derivative transactions, with an initial capital of US$15 million. In addition, Metaplanet announced the establishment of a wholly-owned subsidiary Bitcoin Japan Inc. and strategically acquired the domain name Bitcoin.jp. ● Conversation Chiliz: Fan Tokens, Chiliz Chain and the Future of Web3 Sports Chiliz (CHZ) is now running on EVM-compatible Chiliz Chain, powering Fan Tokens™, on-chain fan interaction experiences, and the Socios.com platform. To date, more than 70 top clubs and franchise brands have joined and are continuing to expand global cooperation. Chiliz is building a complete SportFi stack that covers fan interaction, NFT, gaming, ticketing and staking, and is secured by CHZ.