Jin10 data reported on September 18, due to the rise in unemployment rate and global uncertainty suppressing demand, New Zealand's economy contracted significantly more than economists had expected in the second quarter. Data released on Thursday showed that the country's GDP grew by 0.9% in the first quarter after revision, but declined by 0.9% in the three months ending in June, whereas economists had forecasted a contraction of 0.3%. New Zealand's economy, which experienced a severe recession last year, has been slow to respond to the Central Bank's significant interest rate cuts. The cooling demand is expected to ease inflationary pressures, making it possible for the Reserve Bank of New Zealand to further cut interest rates before the end of this year.

The U.S. House of Representatives passed a temporary funding bill to avoid a partial government shutdown, allowing federal agencies to be funded until November 21. This bill needs to be reviewed and passed by the Senate and signed by Trump. Democrats oppose this bill and are preparing an alternative.

ChainCatcher news, Vitalik stated in response to the community's discussion about staking that staking means taking on the solemn responsibility of defending the Blockchain. The resistance during the exit process is part of the protocol design. "If any proportion of members in the army can suddenly leave at any time, the army cannot maintain its operation." Vitalik added: "This does not mean that the current stake queue design is perfect, but rather that if we simply and rudely lower the constant value, from the perspective of those nodes that are not often online, it will significantly weaken the credibility of the Blockchain."

Gate News bot message, Gate market shows, ETH has broken 4600 USDT, current price 4600.65 USDT.

According to ChainCatcher news and Jin10 reports, the U.S. Securities and Exchange Commission has approved the listing and trading of the Grayscale Digital Large Cap Fund.

NVIDIA invested $683 million in the UK artificial intelligence infrastructure company Nscale, aiming to promote the development of AI cloud services in Europe. Nscale was spun off from the crypto assets miner Arkon Energy in 2024.

The cryptocurrency exchange Bullish has released its first quarterly report since going public, reporting a net profit of $108.3 million during the reporting period, successfully turning a profit. Total sales of digital assets reached $58.6 billion, and the CEO stated that the efforts in the second quarter have translated into strong momentum, with expected profits for the third quarter between $12 million and $17 million.

Gate News bot message, Gate market shows, ETH breaks 4550 USDT, current price 4550.25 USDT.

Jin10 reported on September 18, that on September 17 local time, Poland's Minister of Coordination of Intelligence Services, Tomasz Szermoniak, stated that a missile fired by Polish fighter jets while shooting down a drone that invaded its airspace may be the cause of the damage to a residential building in a village in eastern Poland.

Jin10 reported on September 18 that on the 17th local time, Saudi Arabia and Pakistan signed a defense protocol, which stipulates that any attack on either country will be considered an attack on both. According to reports from the Saudi Press Agency, a joint statement released that day stated that the protocol reflects the two countries' commitment to enhancing their own security and achieving regional and global security and peace, aiming to develop defense cooperation between the two countries and strengthen joint deterrence against any acts of aggression. The protocol stipulates that any attack on Saudi Arabia or Pakistan is an attack on both countries.

Gate News bot message, the U.S. Securities and Exchange Commission (SEC) has approved new generic listing standards for commodity-based trust shares. The approval applies to three major U.S. exchanges: Nasdaq, CBOE, and NYSE. This regulatory development establishes standardized criteria for listing

Dario Amodei, the CEO of Anthropic, stated at the summit that there is a 25% chance that artificial intelligence will become "very bad" in the future, but at the same time, there is a 75% chance that it will develop positively. He believes that confronting potential concerns is key to achieving positive outcomes.

Golden Finance reported that the USD index rose 0.25% on the 17th, closing at 96.876 in the foreign exchange market.

Jin10 data reported on September 18 that a hospital in Brasília, the capital of Brazil, announced on the 17th that former President Bolsonaro has been diagnosed with skin cancer. After treatment, his symptoms have improved, and he was discharged that afternoon. Bolsonaro has returned to his residence in Brasília to continue house arrest. According to the hospital announcement, doctors conducted a pathological examination of the excised skin lesions. The report shows that out of the 8 excised skin lesions, two were diagnosed as squamous cell carcinoma in situ. After intravenous infusion treatment, Bolsonaro's related symptoms have improved, but clinical follow-up and regular re-examination are still required.

In the Fed's latest interest rate decision, only the newly appointed member Milan opposed a 25 basis point rate cut, indicating a high level of consensus in the meeting. Milan supports a larger rate cut, aligning with Trump's demands. Analysts believe that Powell successfully reached a consensus.

According to ChainCatcher news and reported by Jin10, Diane Swonk, the chief economist at KPMG, stated that the Fed is trying to lift some restrictions to boost the labor market. However, if this policy continues into next year, the Fed will face major leadership changes, which could lead to excessive stimulus, creating a more harmful self-fulfilling prophecy where consumers and businesses expect inflation to be higher.

According to ChainCatcher news and Jin10 reports, Scott Kimball, Chief Investment Officer of Loop Asset Management's Fixed Income Team, stated that the Fed's inflation expectation for the next 12 months is 2.6%, indicating a higher tolerance for inflation and possibly no longer prioritizing it as a primary concern. Implementing looser policies based on fiscal stimulus should support lower quality corporate credit spreads.

Gate News bot message, Gate market shows that BTC has broken 116000 USDT, current price 116011.2 USDT.

Jin10 data reported on September 18, after the Fed made the interest rate decision, "new bond king" Gundlach talked about gold prices, which broke through $3,700 today. Gundlach pointed out that gold prices have risen more than 100% in the past two years and have risen 45% so far this year, calling this trend "absurd." Gundlach said, "Now even gold miners are getting involved, which indicates that retail investors are starting to join the momentum trading in the gold market." Gundlach noted that he has been bullish on gold and predicted earlier this year that gold prices would reach $4,000. Today, he went further, predicting that gold prices would rise another $340 from the current level, an increase of about 9.2%. He said, "I believe that by the end of this year, gold prices will almost certainly close above $4,000."

Jin10 reported on September 18 that the Central Bank of Argentina denied that the peso had surpassed the upper limit of its trading range, stating that its calculation results slightly differ from the figures derived from publicly disclosed formulas. According to the agreement reached between Argentina and the International Monetary Fund (IMF) in April, the upper and lower limits of the range are gradually expanded by 1% each month, evenly distributed across each day. Using this calculation method, the peso briefly reached 1,474.5 pesos to 1 dollar on Wednesday, exceeding the upper limit of 1,474.345. However, the official trading system in Argentina only allows quotes in increments of 50 cents, so in practice, the Central Bank rounds the upper limit figure when calculating. In other words, the Central Bank considers 1,474.5 as the upper limit, which means that from the Central Bank's perspective, the peso has not breached the range. According to the 20 billion dollar agreement signed between Argentina and the IMF, once the upper limit is breached, the Central Bank under President Milei's leadership can intervene directly in the market, selling dollars.

Small-cap stocks, after experiencing a period of sluggishness, rose by 2.1% as the Fed cut interest rates, surpassing the historical high since November 2021 of the Russell 2000 index. This rise is closely related to market risk appetite and expectations of interest rate cuts.

Jin10 reported on September 18 that Fed Chairman Powell stated that the Fed is approaching but has not yet reached the moment when it needs to halt its long-standing quantitative tightening measures of reducing its balance sheet. Powell pointed out that reserves in the financial system remain ample, "We are getting close" to the moment when the Fed will be able to stop reducing its cash and bond holdings, but the current pace of reduction is quite small and will not have a broader impact on the economy.

Gate News bot message, Gate market shows, ETH breaks 4500 USDT, current price 4500.71 USDT.

ChainCatcher news, Fed Chairman Powell pointed out that the risks in the labor market are the focus of today's decisions. (Jin10)

Jin10 data reported on September 18, Fed Chairman Powell stated that the number of Fed employees is significantly decreasing, and the Fed is currently laying off 10%. "After the layoffs are completed," the number of Fed employees will return to the level it was 10 years ago. When discussing the prospects for Fed reform, Powell said, "We certainly welcome constructive criticism and better ways to do our job," but he does not believe there is a need for a formal review of the Fed.

According to ChainCatcher news, Jin10 reported that Fed Chairman Powell pointed out that the Fed is facing a difficult and unusual situation: the labor market is weakening while inflation remains persistently high. He stated that monetary policy is in a "situation with bilateral risks, and there is no risk-free path," a factor reflected in the range of views in the Fed's quarterly economic forecast summary.

Jin10 reported on September 18 that Max Gokhman of Franklin Templeton pointed out that although Powell did not mention the word that starts with 's' (stagflation), he simultaneously noted the risks of inflation and rise, which actually implies concerns about stagflation. "I think Powell is saying that the shadow of stagflation is making him uneasy."

According to ChainCatcher news, as reported by Jin10, Fed Chairman Powell stated that he does not believe that a 25 basis point rate cut would have a significant impact and that the entire path of interest rates and expectations must be taken into consideration.

According to ChainCatcher news, Jin10 reported that Fed Chairman Powell stated that our task is to ensure that the rise in Inflation is only temporary and emphasized that we will accomplish this task.

According to BlockBeats news on September 18, market data shows that the S&P 500 index continues to fall, with a latest drop of 0.4%; the Nasdaq index decreased by 0.8%.

Golden Finance reports that Fed Chairman Powell is firmly committed to the independence of the Fed.

Gate News bot message, Gate market shows, ETH falls below 4450 USDT, current price 4449.99 USDT.

BlockBeats news, on September 18, Fed Chairman Powell stated that the overall impact of tariffs on inflation remains to be seen, with the benchmark scenario being that the impact of tariffs on inflation is temporary. (Jin10)

Odaily News Fed Chairman Powell: The overall Personal Consumption Expenditures (PCE) index in August is likely to rise by 2.7% compared to the same period last year, while the core PCE is likely to pump by 2.9% year-on-year. (Jin10)

Jin10 reported on September 18 that Allspring's Chief Investment Strategist George Borys stated that due to the Fed currently being in a slow but steady easing mode, we believe that bond prices should receive good support—especially at the front end of the curve. The continued strength of the stock market and broader market participation depends on whether the Fed can achieve a delicate balance between being sufficiently accommodative and controlling inflation.

BlockBeats news, on September 18, "Fed mouthpiece" Nick Timiraos stated that the Fed's forecasts highlight that future decisions may be more controversial: out of 19 participants, 7 expect no further rate cuts this year, while two expect only one more cut. This data suggests that, under the expectation of strong economic activity currently, most officials do not anticipate more rate cuts next year. (Jin10)

Gate News bot message, Gate market shows, ETH breaks 4500 USDT, current price 4500.37 USDT.

Golden Finance reports that Spot gold has narrowed its gains after rising to a new high, currently quoted at $3683 per ounce, which is more than $20 lower than the record high.

According to ChainCatcher news, as reported by Jin10, the Fed's latest economic forecast shows that policymakers expect the median inflation rate at the end of this year to remain at 3%, well above the Central Bank's target of 2%, consistent with the previous forecast in June. The unemployment rate forecast remains unchanged at 4.5%, while the economic growth forecast has been revised up from 1.4% to 1.6%.

According to ChainCatcher news, Jin10 reports that the chart in the Fed's economic outlook shows that most participants believe there is higher uncertainty regarding actual GDP, with risk expectations skewed to the downside.

Gate News bot message, Gate market shows that BTC falls below 115000 USDT, current price 114990.1 USDT.

Gate News bot message, Gate market shows that ETH has fallen below 4450 USDT, current price is 4449.68 USDT.

BlockBeats news, on September 18, after the Fed's decision was announced, spot gold hit a record high of $3704/ounce, breaking the previous high of $3703.1/ounce, with a cumulative rise of over 40% this year. (Jin10)

Jin10 data reported on September 18, after the FOMC statement, U.S. interest rate futures predict a 94% chance of the Fed lowering interest rates in October, compared to a probability of 71.6% before the statement.

According to ChainCatcher news and Jin10 reports, the Fed's dot plot indicates that the median expectations for the federal funds rate at the end of 2025, 2026, 2027, and the long term are 3.6%, 3.4%, 3.1%, and 3%, respectively, which is a downward adjustment from the June expectations of 3.9%, 3.6%, 3.4%, and 3%. The median expectation for the federal funds rate at the end of 2028 is 3.1%.

Golden Finance reports, Fed FOMC statement: The Federal Reserve Board of Governors member Milan opposes this interest rate decision, believing that rates should be cut by 50 basis points.

Jin10 data September 18 news, Fed dot plot: Among 19 officials, 1 official believes interest rates should not be cut in 2025 (in June it was 7).

Gate News bot message, Gate market shows that ETH has broken through 4500 USDT, current price 4500.41 USDT.

Gate News bot message, Gate market shows, ETH falls below 4450 USDT, current price 4442.93 USDT.

Gate News bot message, the Federal Reserve (Fed) has executed a 25 basis points reduction in interest rates. This marks a significant shift in U.S. monetary policy, representing the first rate cut in the current economic cycle.

Gate News bot message, Gate market shows, ETH breaks 4500 USDT, current price 4501.54 USDT.

Gate News bot message, Gate market shows, ETH falls below 4450 USDT, current price 4448 USDT.

According to ChainCatcher news and Jin10 reports, Charles Schwab Chief Financial Strategist Kathy Jones stated that we believe there will be a series of interest rate cuts.

The probability of the Fed maintaining the interest rate unchanged in September is 0%, while the probability of a 25 basis point rate cut is as high as 93.7%. The probabilities for rate cuts in October and December show relatively high expectations, especially the probability of a 50 basis point cut in December, which stands at 28.6%.

Jin10 data reported on September 18, Dario Messi, head of the fixed income department at Swiss bank Pictet, said that there are concerns that the situation of rising long-term U.S. Treasury yields after the Fed cuts rates by 50 basis points in September 2024 may repeat. However, this time the risk of such a recurrence is limited. Although there are some reasonable arguments, the current starting point provides more buffer for this development, and the current risks are more limited. Currently, the 10-year U.S. Treasury yield is higher than the level when the Fed starts to cut rates in September 2024.

Odaily News Data shows that the volume of the prediction market for Kalshi regarding today's Fed interest rate decision has surpassed 86 million USD, currently reported at 86.84 million USD. Among them, the probability of a 25 basis point rate cut is 92%.

Gate News bot message, Tron network's USDT transfer volume hit $36.5 billion in a single day, exceeding PayPal's average daily payment volume of $4.93 billion by more than seven times, according to PayPal's Q2 2025 financial report.

Gate News bot news, according to the official announcement from Gate on September 18, 2025: Gate announced the launch of 0GUSDT perpetual contract pre-trading, with the settlement currency being USDT. The contract supports 1-10x leveraged trading, allowing users to go long or short, with specific leverage multiples selectable at the time of order placement. The trading pair is 0G/USDT.

BlockBeats news, on September 18, the world's first Web3 creative AI Agent and on-chain creative asset DAO—GaiAI officially launched on the Testnet. GaiAI combines AI generation with blockchain Equity Confirmation, allowing every creation to be confirmed, circulated, and monetized, promoting the evolution of visual content from "works" to "on-chain assets." The Testnet is now open for participation from creators, developers, and community users.

Golden Finance reports that Reddit is seeking to reach the next artificial intelligence content protocol with Google and OpenAI.

PANews September 17 news, on-chain detective ZachXBT tweeted that OpenVPP ($OVPP) claimed this week to be collaborating with the U.S. government to promote energy tokenization. SEC Commissioner Hester Peirce subsequently replied, stating that she has not collaborated with or endorsed any private crypto projects. The OpenVPP team later hid that reply. Several opinion leaders in the crypto field participated in promoting the project, and the related accounts have been questioned as part of the usual "internet celebrity" camp.

Golden Finance reports, according to Axios: The US House of Representatives will begin using Microsoft's (MSFT.O) Copilot.

Odaily News Curve Finance founder Michael Egorov announced a proposal on the Curve DAO governance forum, which suggests establishing a protocol called Yield Basis to create three Bitcoin-centered funding pools, each with a cap of 10 million USD, aimed at providing sustainable returns to CRV holders. Holders stake tokens to participate in governance votes and thereby earn

Odaily News Payment giant MoneyGram has announced that its new app will include a settlement track with a stablecoin pegged to the US dollar and Blockchain, supported by Circle's USDC stablecoin, Stellar Blockchain, and wallet company Crossmint. (CoinDesk)