1. The Fed cuts interest rates by 50 basis points, and BTC breaks through $62,500: A new cycle is starting
On September 19, Beijing time, the Federal Reserve officially announced that it would cut the federal funds rate by 50 basis points to 4.75%-5.00%, which was the first rate cut since March 2020. Under the influence of the rate cut news, the crypto market soared, and BTC broke through $62,500, outperforming the US stock market and spot gold. What is most worth looking forward to is that experts from various institutions said that the 50 basis point rate cut in September is just the beginning, and there is still a possibility of further rate cuts this year, and the cumulative rate cut may be 76 basis points by the end of 2024. Click to read
2. Kyle Samani Token2049 speech: Why Solana will surpass Ethereum
As blockchain technology has developed rapidly, Ethereum has become a leader in the industry and has made great achievements. However, after 9 years of development, Ethereum took 5 years to finalize its expansion plan and another 7 years to complete the transition from Proof of Work (PoW) to Proof of Stake (PoS). Ethereum has never been clear about what it wants to be. The expansion plan keeps changing and there is no clear direction. Click to read
3. Variant Partner: What stablecoin startup opportunities can the credit card network reveal?
Stablecoins are the most transformative form of payment since the credit card, changing the way money moves. With low cross-border fees, near-instant settlement, and global accessibility, stablecoins have the power to revolutionize the financial system. For those who custody USD deposits backing digital assets, stablecoins could also be a very lucrative business. Click to read
4. The Federal Reserve cut interest rates by 50 basis points for the first time in more than four years. The top six global institutions made their judgments
At 2:00 a.m. Beijing time on September 19, the Federal Open Market Committee (FOMC) of the Federal Reserve announced that it would cut the federal funds rate by 50 basis points to 4.75%-5.00%, exceeding market expectations and marking the first rate cut since March 16, 2020. Click to read
5. Will interest rate cuts restart the bull market in cryptocurrencies?
The Federal Reserve just announced a rate cut, its first since the pandemic, by a massive 50 basis points, as expected. This long-awaited decision immediately sparked excitement among stock and cryptocurrency investors. Click to read
