Catizen Paying Users Reach 800,000 in Six Months | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• WazirX states that it is applying for a moratorium with the Singapore High Court to gain "breathing space" for finalizing its restructuring and compensation plans, and that negotiations with potential investors would be pursued during the application period.
• Coinbase adds ZKsync (ZK) to its listing roadmap.

2. Cryptocurrency Trends:

• U.S. Bitcoin Spot ETFs experience net outflows of $706.1 million last week.
• According to CME FedWatch, following the release of unemployment data by the Bureau of Labor Statistics, there is a 70% probability that the Fed will cut rates by 25 basis points in September, and a 30% probability of a 50 basis point cut.
• U.S. Treasury Secretary Janet Yellen says U.S. economy is in good shape. Recent weak employment data suggests that the economy is experiencing a soft landing rather than a recession. Yellen adds that there have been no major layoffs in the United States and describes the economy as "deeply recovering."
• Catizen reaches 800,000 paying users within six months, with an average revenue per paying user (ARPPU) of $33. Additionally, Catizen's publisher, PLUTO Studio, recently receives an undisclosed investment from The Open Platform.
• As of September 7, the supply of USDe has decreased to 2.69 billion, marking a drop of approximately 25.5% from the peak of 3.61 billion in early July. Ethena's reserve fund currently stands at $46.61 million.
• ZK Nation: The ZKsync governance contract is set to go live on the mainnet.
• Fractal Bitcoin: (1) The mainnet is now live. Users need to update to UniSat Extension v1.4.6 to access it. More features will be introduced in the future. (2) The tokenomics model has been announced: 50% of tokens are allocated for PoW mining, and 5% are reserved for pre-sale. (3) A block production issue has occurred. UniSat has responded by urgently fixing node behavior.
• Pudgy Penguins to distribute soulbound tokens to users who have held their tokens for over 1,000 days.
• The Solana Foundation seeks to advance the development of open-source data tools through proposals, offering funds funds of up to $160,000.
• Barclays has upgraded both Coinbase and Robinhood, citing their "mature" business models.

3. Financing Trends:

• Tether invests $100 million to acquire a 9.8% stake in the Latin American agricultural giant Adecoagro.
• Nest Layer, a Web3 ecosystem services provider, closes a new funding round with participation from the Manta Foundation Fund.
• Arris, an integrated airdrop task platform, raises funds in a strategic funding round with participation from K24 Ventures and others.
• BlaBla, a decentralized SocialFi video platform, closes its seed round funding with participation from the European Blockchain Association and others.

4. Regulatory Trends: