September 2024 Communmity Updates

Macro Catalysts

This month has been packed with significant developments in the crypto space that could reshape the market. Following the Fed’s rate cut by half a point, the S&P 500 and Dow surged to 23-year highs, with tech shares continuing to gain optimism. China’s aggressive stimulus measures have moved the stock market and are set to inject liquidity into global markets; however, we have yet to see the implications this will have on digital assets.

The Bitcoin ETF market is sizzling, with net inflows of $494.4 million just last week. This brings the week’s total inflows to over $1.1 billion, highlighting the growing institutional interest in Bitcoin. In fact, Bitcoin has surged to an impressive $66,000, marking its best September performance in history.

Sector Spotlight Analysis

Speaking of Bitcoin, we recently published a follow-up write-up on Atomicals - ARC20, and the response has been nothing short of overwhelming! While this isn’t our first rodeo discussing building on Bitcoin, it’s genuinely exciting to see how this digital asset continues to pave the way for innovative developments in the space.

On another note, stablecoins have been quite the hot topic lately, raising important conversations about both opportunities and challenges for adoption. If you haven’t checked it out yet, be sure to read our latest research recap. It delves into why stablecoins have become such a cornerstone for the digital asset industry. We’ve also launched a Community Poll recently on most popular stablecoins, so head on over to take a peek at the results!

Community Involvement Updates

We also want to extend a heartfelt thank you for your participation in our joint community event with Notifs earlier this month! We received over 400 insightful questions during our crypto portfolio tracking session, and a big congratulations to our winners for their excellent inquiries. Your engagement truly makes these events special!

For those who attended TOKEN2049 in Singapore, we hope it was a fruitful experience filled with valuable insights and connections. As we look ahead to October, Hong Kong is set to take center stage with Fintech Week and a series of exciting events during Blocktober. We’re thrilled to be part of it all and can’t wait to reconnect with you next month!

Important Security Reminder and Impersonation Alert

We want to inform you that another project has been impersonating the OAX Foundation, using our logo and name for fraudulent purposes. Specifically, we want to clarify that we have no association with the project Omnipotence ANX, which has misused our branding without our permission. Please be aware that this project is not affiliated with us or endorsed by us in any way, and they are misusing our logo across their website and social media channels, more details read here.

We encourage you to verify our official channels listed on our LinkTree, as any other channels or websites do not belong to us. Exercise caution, especially regarding transactions, and always conduct your own research. If you encounter anything suspicious, please consult with relevant moderators and report the incidents.

OAX Team

Disclaimer: The above is an opinion piece written by an authorized author, but in no way represents the official standpoint of OAX Foundation Limited, nor should it be meant to serve as investment advice.