Crypto Weekly (23/9 – 29/9): CZ Comeback, Market Sees Strong Rebound

The final week of September wrapped up with several positive developments, offering renewed hope to investors. The most notable highlight was the release of Binance’s former CEO, CZ, after nearly six months in custody. Additionally, the strong buying pressure from Bitcoin ETF investment funds and the news of the Fed lowering interest rates significantly impacted Bitcoin’s price, pushing it from $62,600 to $66,500. Currently, Bitcoin is trading around the $65,000 mark.

The strong recovery of Bitcoin has provided momentum for many altcoins, especially projects in the AI and memecoin sectors, bringing renewed excitement to the market.

Top 10 Biggest Gainers of the Week

Top 10 Biggest Losers of the Week

Notable News

• Kamala Harris Voices Support for Crypto for the First Time
• Community Outraged After Hamster Kombat Announces Airdrop
• OpenAI X Account Hacked in Crypto-Related Incident
• Former Alameda CEO Caroline Ellison Officially Sentenced in FTX Case
• Binance Announces Launch of Pre-Market
• Hamster Kombat Prepares for Airdrop Season 2 and Token “Buyback”
• CZ May Be Released From Prison Today, 2 Days Earlier Than Scheduled

Token Unlocks This Week

Below are some projects with upcoming token unlocks that you should keep an eye on:

• $OP (2.5%) – $60 million on 9/30
• $SUI (2.4%) – $108 million on 10/1
• $ZETA (13.4%) – $40 million on 10/1
• $MAV (9.56%) – $8.6 million on 10/1
• $DYDX (1.32%) – $8.8 million on 10/1
• $IMX (2%) – $57 million on 10/4

Macro News This Week

This week, attention will focus on two key days:

• Wednesday (10/02/2024) at 12:15 PM: ADP Non-Farm Employment Change report (September). If the actual numbers surpass the forecast, it will be positive for the USD, and vice versa.
• Thursday (10/03/2024) at 12:30 PM: GDP data release and Initial Jobless Claims report.

• Friday (October 4, 2024) at 12:30 PM:The Nonfarm Payroll Index will be announced, with an estimated value of 4.2%.