Major News Headlines for Today

1. Trump "We Will Pay back US debt of $35 trillion with Cryptocurrency"
Former President Trump, who will run in the U.S. presidential election in November, once again expressed his intention to support cryptocurrency at a campaign event held on Sept. 23. "Cryptocurrency has a big future," he said. "We can pay off $35 trillion in U.S. debt through cryptocurrency investment."

2. Hong Kong Enters Second Phase of CBDC Testing
The Hong Kong Monetary Authority(HKMA) announced on Sept. 23 that it will implement a second project that will continue for about a year, following the first pilot project of Hong Kong's CBDC 'Digital Hong Kong Dollar (e-HKD)', which was completed in January this year. The HKMA named the second phase of the CBDC 'Project e-HKD+' and explained that the test will focus on ▲tokenized asset payment ▲programming possibility ▲offline payment.

3. BlackRock Files Amendment for Bitcoin Spot ETF..."Pushing for Faster Bitcoin Payments"
BlackRock submitted an application to the U.S. Securities and Exchange Commission(SEC) on Sept. 23 that modified the details of its Bitcoin(BTC) spot ETF 'IBIT'. BlackRock's application contains a clause that IBIT will process bitcoin withdrawals from IBIT's bitcoin trustee Coinbase within 12 hours for faster bitcoin payment processing.

4. CryptoQuant "China Maintains 55% Bitcoin Hash Rate Despite Crypto Ban"
China has been found to account for about 55% of the global hash rate of Bitcoin despite its policy to ban cryptocurrency, which began in 2021. According to a report published by the on-chain analysis platform CryptoQuant on Sept. 23, China has been able to maintain a high hash rate consistently due to the spread of small mining companies. Meanwhile, the U.S. has been found to account for about 40% of the global hash rate of bitcoin led by institutional miners.

5. Bitfinex "Bitcoin May Go Long-Term Horizontal Below $65,000"
In its own report published by Bitfinex on Sept. 23, it pointed out that the recently started bitcoin rally is driven by the bitcoin futures market, and pointed out that the price of bitcoin could go sideways for a long time due to high outstanding agreements.

6. Bitcoin Analyst Says "Bitcoin Is Likely To Reach $100K In High Inflation"
Bitcoin analyst Luke Broyles claimed that bitcoin will reach about $100,000 in the next bull market, citing the current high inflation. On Sept. 23, he pointed out in his X account that the cumulative inflation rate in the U.S. recorded about 16.2% in 2021, with bitcoin, originally valued at about $69,000, recording $80,000. Broyles predicted that the U.S. Federal Reserve(Fed) will print the currency frighteningly in the next 6 to 18 months, citing a rate cut, so bitcoin's price will hit about $95,000.

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