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The former chairman of the New York Federal Reserve: The turbulent situation of the Federal Reserve has just begun. On August 7th, the unsettling question of whether the Federal Reserve has gone too far in addressing inflation, leading the world's largest economy into a destructive recession, has shaken the global markets' long-standing calm. Before the answer emerges, more turbulence is expected. Former New York Fed President Bill Dudley stated that two weeks ago, he shifted from a hawkish to a dovish stance, no longer supporting rate hikes, and instead advocating for an immediate rate cut to avoid a recession. It appears the timing may not have been too early. Since then, evidence of a weakening job market and slowing inflation has rapidly accumulated, strongly indicating that the Federal Reserve has fallen behind the curve. He believes that an immediate rate cut is the prudent course of action, but the likelihood is slim. This is inconsistent with Powell's cautious approach, as the Fed rarely takes such measures outside of its regular policy-setting meetings. Therefore, the focus has shifted to the next meeting in September, where the Federal Reserve may cut rates by 25 or 50 basis points, depending on the economic data between now and then. But after that, the path forward is unclear. $BTC $ETH $BNB
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Layer3: The total amount of L3 tokens staked has exceeded 100 million. ChainCatcher news, the token distribution protocol Layer3 has announced that its native token L3 has surpassed the 100 million mark in staked tokens. Participating in staking can earn L3 rewards, and users can also choose to lock their tokens to receive higher APY. Additionally, users can unlock two additional layers of rewards: functional access and activity-weighted L3 rewards. $BTC $ETH $BNB
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Former New York Fed President Bill Dudley: The turbulent situation of the Federal Reserve has just begun. The unsettling question of whether the Federal Reserve has gone too far in addressing inflation, leading the world's largest economy into a destructive recession, has shaken the long-standing calm of global markets. Before the answer emerges, more turbulence is expected. Former New York Fed President Bill Dudley stated that two weeks ago, he shifted from a hawkish to a dovish stance, no longer supporting rate hikes, and instead advocating for an immediate rate cut to avoid a recession. It turns out the timing was not too early. Since then, evidence of a weakening job market and slowing inflation has rapidly accumulated, strongly indicating that the Federal Reserve has fallen behind the curve. He believes that an immediate rate cut is by the book, but the likelihood is small. This is inconsistent with Powell's cautious approach, as the Federal Reserve rarely takes such actions outside of regular policy-setting meetings. Therefore, the focus shifts to the next meeting in September, where the Federal Reserve may cut rates by 25 basis points or 50 basis points, depending on the economic data from now until then. But after that, the path forward is unclear. $BTC $ETH $BNB
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NMT holding addresses have exceeded 27,000, and it may soon be listed on a CEX. On August 7th, the decentralized computing platform NtMind.AI released a recent milestone review, stating that its native token NMT has reached a fully diluted market capitalization of $452 million across two chains since its launch in February this year. NMT currently has over 27,000 holders and is not a MEME or speculative token, but rather serves as a key component, allowing holders to purchase NtMind.AI's powerful computing infrastructure and services, thereby providing real utility. NtMind.AI stated that "for a token that only exists on DEX and has grown so rapidly in such a short time, the next logical step can only be one." This suggests that NMT may soon be listed on a CEX. $BTC $ETH $BNB
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NMT holding addresses have exceeded 27,000, and it may soon be listed on a CEX. On August 7th, the decentralized computing platform NtMind.AI released a recent milestone review, stating that its native token NMT has reached a fully diluted market capitalization of $452 million across two chains since its launch in February this year. NMT currently has over 27,000 holders and is not a MEME or speculative token, but rather serves as a key component, allowing holders to purchase NtMind.AI's powerful computing infrastructure and services, thereby providing real utility. NtMind.AI stated that "for a token that only exists on DEX and has grown so rapidly in such a short time, the next logical step can only be one." This suggests that NMT may soon be listed on a CEX. $BTC $ETH $BNB
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