Today's CMC Fear and Greed Index: [Fear 38]

The market has moved from a short trend to a long-short balance. A large amount of short energy has been released, but the current market strength is still relatively weak.

The following is a selection of content:

1. [On the eve of the Fed's rate cut: Recession expectations weakened, boosting BTC's rebound]

https://www.theblockbeats.info/news/55034

Summary: Bitcoin's rebound was affected by the easing of recession concerns, while Ethereum faced the problem of confusion in its development direction. The Altcoin market rebounded with the market and lacked a unified hot spot. Solana's PayFi concept attracted attention and showed the potential of emerging tracks. Project dynamics such as Nansen and Huma Finance are also worth paying attention to, reflecting the trend of industry innovation.

2. [Pantera: A huge change in the US Bitcoin policy]

https://www.hellobtc.com/kp/du/09/5409.html

Summary: Major changes in US cryptocurrency policy. Candidates such as Trump and Kennedy have expressed support for Bitcoin and plan to establish a national strategic reserve to promote the development of the crypto industry. Harris' team is also seeking to rebuild relations with crypto companies. Members of Congress stressed that Bitcoin should transcend partisan disputes and become the focus of bipartisan support. Overall, cryptocurrency has become an important issue in American politics, and more rational policies may be ushered in in the future.