According to historical speculation, interest rate cuts are usually accompanied by a bull market after a big drop❗ Only one soft landing has been achieved since the 1980s. This happens when the job market is improving and unemployment is falling. This time the labor market is a little bit...
The U.S. central bank cut interest rates by 0.50% on September 18, its biggest surprise since 2008. It was the first rate cut since the COVID-19 crisis in March 2020. The Fed is trying to keep inflation moving toward its 2% target through regulation. However, the Fed acknowledged that the economic outlook is uncertain and will carefully evaluate the data received at its next meeting. (Setting the stage for market volatility)
In the bull market, all powerful projects are quietly rising. Polkadot is finally making a strong comeback after more than a year of precipitation. The community team is bound to ignite the Polkadot ecology and ignite the entire encryption market. 9 reasons to choose Polkadot ❶Polkadot 2.0 Dynamic core allocation: ➤Enhance flexibility ➤Efficiency and scalability The above performance makes Polkadot functions easier to use. Technical Support: ➤Improving network throughput, allowing more transactions within a predetermined time frame. ➤Trustless bridging with BEEFY and Snowbridge: Improves interoperability with other chains through efficient communication performance.
Solana hit a new record of 66.9 million daily transactions, thanks to the launch of the PENGU token by the Pudgy Penguins project. This is Solana’s highest transaction level since its launch in 2020, exceeding the total of transactions of all other major blockchains.
Solana continues to establish itself as a top choice for retail investors who want to participate in memecoins, NFTs, and small tokens with advantages such as fast transactions and low fees. However, Solana still lags behind Ethereum and TRON in terms of stablecoin transactions.
The United States could face a government shutdown that could begin at 12:01 a.m. on Saturday, Dec. 21, when current funding expires.
The shutdown threat stems from a dispute over a spending bill that would have extended funding until March 14, but was removed from the bill by House Speaker Mike Johnson after some Republicans, including President-elect Donald Trump and Elon Musk, objected to billions in spending.
$FART just reversed $GOAT's $480M market cap with a $1.16B market cap. The parent-child token dynamics in the AI agent space are getting interesting
$GOAT is down 64% from its ATH while $FART is up 338% in 14 days For the first time in history, a child token is outperforming its AI agent creator
Trading volume speaks for itself: $FART $269M per day vs $GOAT $301M per day. Money is moving faster between parent and child agents than any agent before it.
2.5 years later, $PENDLE investors deposited 312,500 $PENDLE into #Binance, worth 1.76 million dollars, at an average price of 5.64 dollars.
Investors received these $PENDLE from April 28, 2022, to April 28, 2023, originally valued at 46,179 dollars. Currently, investors have made a profit of 1.71 million dollars.
2 hours ago, after a price drop of about 6%, Donald Trump's World Liberty Financial (@worldlibertyfi) spent another $2.5 million USDT to purchase 722.2 $ETH!
Since November 30, the fund has spent $47.5 million acquiring 6 types of crypto assets: $ETH, $WBTC, $LINK, $AAVE, $ENA, and $ONDO. Of this, $32.5 million was used to acquire 8,827.2 $ETH at an average price of $3,682.
Currently, the fund holds 15,595 $ETH ($53.3 million).
New Zealand's economy 🇳🇿 fell into recession in the third quarter, as the decline in economic activity was far greater than expected, and output was cut in the previous quarter, with further interest rate cuts anticipated.
Market expectations for the Reserve Bank of New Zealand (RBNZ) to continue cutting rates, after already lowering them by 1.25% to 4.25%, have increased.
Current swap rates indicate a 70% chance of a 0.5% rate cut in February, with expectations that rates will drop to 3.0% by the end of 2025.
🔹The market didn't like the hawkish Fed yesterday, and crypto was hit hard. 🔹 BTC is still holding at 100k, which is crucial to see one more push before a larger correction arrives. 🔹The weekend gap at the Chicago Mercantile Exchange (CME) has been filled, and U.S. GDP data will also be released later, which may provide some uplift to the market.
Old Deng wants to throw a pile of mess at Xiao Te, and Xiao Te is getting anxious...
President Trump is strictly regulating any Republicans willing to push through a new spending bill that would delay the "debt ceiling" dispute until his new term.
"Any Republican foolish enough to do this should, and will, participate in the primaries. Everything should be ready and fully negotiated before I take office on January 20, 2025."
🚨Federal Reserve Chairman Jerome Powell states that Bitcoin will not be allowed to be deposited in the Federal Reserve's vault.
Powell confirmed that legal barriers prevent the Federal Reserve from holding assets like $BTC. "We are not allowed to hold Bitcoin," he clarified at a press conference.
Although Powell remains cautious, a significant shift is brewing. President-elect Donald Trump's goal is to establish a national Bitcoin reserve, utilizing seized assets and consolidating the U.S. dominance in the cryptocurrency space. 🌎💡
As $BTC surpasses $100,000, investor optimism is soaring. Trump's appointment of David Sacks as the new crypto and AI czar marks a major shift in U.S. policy. 🔥📈
Is this the beginning of the Bitcoin era in America?
Federal Reserve Chairman Powell: It may take 1-2 years for the inflation rate to reach 2%, and we believe that policy remains at a significantly restrictive level.
This means there will be no interest rate hikes, and the Federal Reserve will continue to cut rates, but at a slower pace.
Federal Reserve Chairman Jerome Powell stated that the Federal Reserve "does not allow owning Bitcoin." Whether the U.S. government should hold Bitcoin is a decision for Congress, but the Federal Reserve itself has no intention of holding any Bitcoin.
Please note that the Federal Reserve is a private company and is not part of the U.S. government.