Regarding the key points and analysis of Powell's speech yesterday, we can reorganize and slightly adjust it to more accurately reflect his core views and their impact on markets and policies:
I. Current Situation
Steady economic growth:
Economic activity remained strong, with real GDP growth exceeding expectations, demonstrating the strong resilience of the U.S. economy.
The job market is performing well, with the unemployment rate remaining at historically low levels, reflecting the tight labor market.
Inflation gradually recedes:
Although the inflation rate has fallen from its peak, it is still higher than the Federal Reserve's 2% target, indicating that the price stability goal has not been fully achieved.
The gradual easing of supply chain problems and the rebalancing of the labor market will help further push inflation back to target levels.
II. Monetary Policy
Interest rates are stable:
The Federal Reserve's current policy stance remains unchanged. It believes that the current interest rate level (assumed to be 5.25%-5.5%, but the specific number needs to be confirmed based on the latest information) is appropriate and there is no strong reason to adjust it.
It emphasized that no interest rate cut would be considered until inflation fell consistently back to the 2% target to avoid the risk of an inflation rebound.
Policy flexibility:
The Federal Reserve will continue to assess economic data on a meeting-by-meeting basis and adjust policy flexibly to ensure the dual goals of price stability and maximum employment are achieved.
Mention was made of transparency and accountability in the policy-making process to enhance public understanding and trust in the Federal Reserve's policies.
3. Views on interest rate cuts
Powell made it clear that it would not be appropriate to cut interest rates until there is greater confidence that inflation can fall back to 2% on a sustained basis.
The decision to cut interest rates will be based on a comprehensive assessment of economic data rather than a single indicator such as changes in the unemployment rate. Although the unemployment rate is an important reference factor, it is not the only condition for determining a rate cut.
4. Impact on the market
Powell's speech had a significant impact on financial markets, especially after he expressed his views on inflation and monetary policy.
Market sentiment may fluctuate due to changes in expectations about the policy path, but the specific impact needs to be judged based on market reaction and subsequent data.
The reaction to BTC (Bitcoin) is just one example of how markets can react quickly but not necessarily persistently to monetary policy signals.
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1. HIM
Uniswap, a blockchain innovation platform with a valuation of up to $7 billion, is reshaping the cryptocurrency market, and its role is comparable to the new era Nasdaq - a decentralized, blockchain-based crypto asset trading platform. On this platform, users can seamlessly access and trade thousands of cryptocurrencies, including market leaders such as Bitcoin and Ethereum (ETH), demonstrating its strong inclusiveness and market depth as a digital currency exchange.
In stark contrast to the traditional stock market, Uniswap abandons the broker model and achieves full automation and disintermediation of the transaction process. Behind every transaction, there are carefully designed smart contracts working silently. They directly and efficiently connect buyers and sellers, completely eliminating the intermediary links in traditional transactions, reducing transaction costs and improving transaction efficiency.
What is particularly striking is that Uniswap's trading volume has astonishingly exceeded the 2 trillion US dollar mark. This figure not only demonstrates its market activity and strong liquidity, but also occupies a place in the global economic landscape. Its scale even exceeds Australia's gross domestic product (GDP), making it a shining star in the digital economy.
For early Uniswap investors, the outstanding performance of its UNI token is undoubtedly the biggest reward. These pioneers not only witnessed the rapid development of the platform, but also reaped an amazing return rate of more than 500%, fully proving the huge potential and investment value of Uniswap as an emerging cryptocurrency trading platform.
2. GHOST
Aave (AAVE), as a revolutionary force in the field of cryptocurrency, is challenging the monopoly of traditional financial intermediaries in an unprecedented way, especially in the lending sector, which is the core profit area of the banking system. Aave is known as the JPMorgan Chase in the field of DeFi (decentralized finance). It not only redefines the lending model of crypto assets, but also builds a crypto banking ecosystem that allows users to freely lend and borrow various crypto assets and enjoy interest income.
It is particularly worth mentioning that Aave has a deep insight into the obstacles faced by large investors in the DeFi field and breaks this barrier through its innovative platform Arc. The Arc platform provides fund managers with a bridge to DeFi growth opportunities for the first time, including enjoying high-quality services such as a stable 5% return rate similar to cash deposits. This move not only lowers the threshold for large investors to enter DeFi, but is also expected to attract hundreds of billions of dollars of new funds to the Aave ecosystem, thereby further consolidating its leading position in the DeFi field and accelerating the prosperity and development of the entire crypto financial industry.
3.NOT
Notcoin has recently shown a steady price trend and active community contribution. The milestone announced on its official Twitter account on July 5 is particularly eye-catching: more than 200 projects have been successfully launched on the Notcoin platform, an achievement that has attracted the enthusiastic participation of up to 22.5 million users. Through the innovative Play-to-Earn model, Notcoin has not only built a large community of 40 million players, but also opened a door to a rich world of Web3 projects for users, allowing each participant to obtain actual rewards through interaction.
Despite the recent pessimism in the cryptocurrency market, Notcoin's trading volume has fallen by 55% in the past 24 hours, with a market value of $496 million, but this has not stopped its progress. In contrast, even the market leader Bitcoin has not been spared, recording a 30% drop. It is worth noting that since reaching its historical high of $0.0292 on June 2, Notcoin has fallen back by 45%, but its intrinsic value and market potential have not been diminished.
The short-term decline signal released by the MACD indicator reflects the general bearish sentiment in the current market rather than the deterioration of Notcoin's own fundamentals. In fact, the token has shown strong resistance to decline, thanks to the dual support of its project's continued development and solid community foundation. Recently, Notcoin and Helika Gaming have joined forces to launch the Telegram Gaming Accelerator project, which has injected new vitality and possibilities into its future development.
In summary, although short-term market fluctuations are inevitable, Notcoin is in the early stages of its rise, showing great growth potential and room for growth. As its amazing 500% increase at the end of May indicates, there is still more glory waiting for it to create in the future.
4. LOVE
After experiencing the bottom support, TIA price successfully resisted the bearish pressure of the market and started a rebound journey. Although no drastic bullish trend is expected in the short term, TIA is expected to enter a steadily rising consolidation phase.
From the technical indicators, the +Di (upward direction line) and -Di (downward direction line) of the DMI (direction indicator) are about to form a bullish crossover, which indicates that the current trend reversal trend may be strengthened. However, it is worth noting that the ADX (average directional index) is about to enter a downward cycle, which may mean that the strength of the trend will weaken in the short term, but it will not change the overall upward trend of the TIA.
At the same time, the significant increase in trading volume reflects increased market participation and active trading activity, which is often accompanied by increased price volatility. Nonetheless, this active trading environment also provides more momentum and support for TIA’s rise.
In summary, TIA prices are expected to maintain an upward consolidation trend in the coming period, and are expected to break through the key resistance level, reaching and exceeding the $11 level. This process may be accompanied by certain fluctuations, but the overall trend remains positive.
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