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1Bitget Daily Digest(September 18)|SEC Eases Listing Process for Digital Asset ETFs; Nothing secures $200 million in Series C funding; XRP and Dogecoin ETFs receive SEC approval.2Bitcoin Could Benefit From Further Fed Cuts, but FOMC Remains Divided on 2025 Rate Path3Ethereum Could Extend Rally From $3,900 Support Toward $5,800 as Open Interest Rises
Flash
- 13:59Fed Rate Cut Ignites Wall Street Enthusiasm, U.S. Stocks Reverse Cautious SentimentJinse Finance reported that on Thursday, the Federal Reserve announced its first interest rate cut for 2025 and hinted at further rate cuts in the future, fueling risk appetite on Wall Street and causing a significant surge in the U.S. stock market. Thursday's rally in the U.S. stock market marked a reversal of traders' initial reaction to the Fed's decision in the previous trading session, when Wall Street took profits from overbought tech stocks. Robert Schein, Chief Investment Officer at wealth management firm Blanke Schein, stated: "The Fed cutting rates while the stock market is at record highs and the economy is still growing is a very unique context, as rate cuts are usually associated with economic problems. This dynamic is favorable for the stock market."
- 13:44Spot gold drops in the short term, now trading at $3,640.83 per ounce.According to ChainCatcher, citing Golden Ten Data, spot gold fell by $6 in the short term and is now quoted at $3,640.83 per ounce; the US Dollar Index (DXY) rose 0.5% intraday and is now at 97.52.
- 13:44The Dow Jones Index opened lower, while the S&P 500 and Nasdaq rose.ChainCatcher news, according to Golden Ten Data, on September 18 (Thursday), the Dow Jones Index opened down 26.33 points, a decrease of 0.06%, at 45,991.99 points; the S&P 500 Index opened up 23.05 points, an increase of 0.35%, at 6,623.48 points; the Nasdaq Composite Index opened up 166.08 points, an increase of 0.75%, at 22,427.4 points.