There was nothing to talk about on the weekend, but considering Powell's speech at the annual meeting and the impact and concerns about the future market caused by the arrest of the founder of Telegram, many friends are asking, let me briefly explain here, first of all, Powell's speech is obviously dovish, but the reason why it is dovish is that it is likely that he will explain his achievements in the election. In the past four years, whether it is the massive money printing, the crazy interest rate hikes, and now the preparation to loosen up, he has been talking about his achievements from his standpoint, and has not had much substantial impact on the market. What can be affected is the Fed's real actions, so the substantive issues are whether the interest rate cut will be implemented and the extent of the interest rate cut and the liquidity brought back to the market. After this speech, the advantages of the US dollar and US dollar assets will gradually flow to the excellent investment market, so what needs to be paid more attention to is the size of liquidity. Let's talk about the founder of Telegram. In fact, Telegram's rapid expansion into the encryption market is also regarded by people (or the government) as a behavior that endangers its status. The success of Telegram has indeed brought more users to the encryption market, but it is still in the initial stage, and the impact may not be as great as imagined, but the publicity and promotion of mainstream media and the main force's leverage behavior are more worthy of attention. In the case of good fundamentals in the entire market (although liquidity growth is weak), don't be too early to hand over the chips, or if you think it's not okay, just don't buy $TON! #杰克逊霍尔年会 #美联储何时降息？ $BTC $TON #Telegram创始人被补