Market conditions:

At present, the market has been moving within expectations. Today, it broke through the 60,000 mark in one fell swoop. It is still the same as before. If you have short-term bottom fishing or short-term profits with good profits, you can exit first. You must gamble at 60,000 on Saturday and Sunday. If it stabilizes at 60,000, then the copycat will have opportunities to enter the market. If it cannot stabilize, it will go down again, and you can find a good position to enter.

At present, the big bitcoin is rising, but the copycats are not following the trend. Even if there is an increase, it is only a little bit. Only a few of the more resilient ones will follow the market, and the rest are still lying dormant. Once the big bitcoin falls, these ones will fall faster than anyone else, so in the short term, you must pay attention to protecting profits.

On rate cuts:

When will the Fed start cutting interest rates and by how much is the cut is one of the most concerned issues for investors this year. This moment is finally coming. The financial market currently expects that the probability of the Fed announcing a rate cut at the policy meeting on September 18 is 100%. In terms of the extent of the rate cut, due to the strong stickiness of inflation and the softening of the job market, it is still relatively healthy. Therefore, the market's expectations for the Fed to cut interest rates by 50 basis points have begun to cool, and the probability of a 25 basis point cut has increased.

However, after a long period of preparation, when the rate cut finally comes, the stock market's reaction may not be as great as people expect. The futures market has not only digested the expectation of a rate cut in September, but also digested the expectation that the Federal Reserve will cut interest rates by a total of 100 basis points this year and several more rate cuts in 2025. According to market expectations, the target range for the federal funds rate will drop from the current 5.25%-5.5% to 3%-3.25%.

On the election:

At present, the crypto market, led by Bitcoin, has risen to trillions of dollars. It has entered the mainstream vision from the so-called alternative assets and is no longer on the edge. Bitcoin is also increasingly affected by macro factors, including market liquidity, interest rate cuts and increases by the Federal Reserve, and the US election.

When the Federal Reserve cuts interest rates and global capital liquidity increases significantly, BTC prices continue to rise. Macro liquidity still plays a decisive role in the crypto market.

In addition, in recent months, the non-farm payrolls and CPI data, which are of great reference value to the Fed’s interest rate cut decision, often cause considerable volatility in the crypto market in the short term once released. BTC is currently becoming increasingly linked to the macro-financial market.

In terms of cottage:

DRIFT: Drift Protocol is the largest perpetual exchange on the Solana chain. Recently, the well-known investment institution Multcoin Capital announced that it has accumulated a large position on Drift and believes that its reasonable valuation is 3.58, while the current price is 0.62. The price gap is large, and many KOLs followed Multcoin Capital’s voice and called for DRIFT, causing DRIFT to rise significantly this week.

SUPER: SuperVerse is a decentralized ecosystem that unites multiple products under one governance token, SUPER. SuperVerse's products have two core verticals: NFT market and games. This week, SuperVerse launched Super Champs Chain, a game-optimized L3 chain based on the Base chain, which attracted investment from institutions such as Coinbase Ventures.

SUI: Sui chain’s gaming consoles started pre-sale this week, similar to Solana’s mobile phone airdrop, and it can be clearly seen this week that funds began to flow into the Sui ecosystem. The BLUB and LIQ on its chain rose very rapidly this week, creating a wealth-creating effect on the Sui chain. This week, Grayscale Fund announced that Sui Trust has been opened to qualified investors who invest in SUI, increasing purchases of SUI tokens.

FET: The Super Artificial Intelligence Alliance ASI, formed by the merger of FET, AGIX and OCEAN, proposed to add the distributed artificial intelligence computing project Cudos to its collective and convert Cudos's token cudos into FET at a ratio of 112.427:1, with a price difference of 15 points, which caused FET to rise rapidly this week.

COTI: Recently, a new track, PayFi, has emerged in the market. The Solana ecosystem regards it as a key track for future development. As an old project in the payment track, COTI performed relatively strongly this week, but the project itself did not have any positive news this week.