BULL RUN IMMINENT??? What are WALES doing with the market???
1 - The Federal Reserve has entered its routine 'silent period.' Before this official communication blackout, two senior Fed officials hinted that despite a mixed employment report released this Friday, the Fed might still consider a half-percentage-point rate cut in the upcoming meeting. However, they emphasized that the Fed would proceed with caution when taking action.
2- The Jinshi Data on September 8, revealed the European Central Bank (ECB) is expected to cut interest rates next Thursday, marking a shift toward more synchronized global monetary policy easing. As the ECB prepares to reduce rates, it could serve as a prelude to a similar move by the Federal Reserve, signaling a broader trend of policy relaxation aimed at boosting economic growth.
3- Russia has successfully mined approximately 54,000 Bitcoins in 2023, with a value exceeding $3 billion, contributing around 50 billion Rubles in tax revenue for the government. This significant development comes as Russia continues to solidify its position in the global cryptocurrency mining landscape.
