Review of key news this week
1. The Fed cut interest rates by 50 basis points
The Fed started a bold interest rate cut cycle this week, with the first interest rate cut of 50 basis points. According to the Fed's dot plot median forecast, the cumulative interest rate cut will be 100 basis points in 2024.
2. CZ will be released from prison on September 29
The news that Binance founder CZ will be released from prison on September 29 has attracted widespread attention in the market.
3. Trump launches the first edition of silver commemorative medal TRUMP COINS
Trump launched the first edition of silver commemorative medal TRUMP COINS, and its official website is now online. At the same time, Trump's crypto project World Liberty Financial plans to sell 63% of WLFI tokens to the public.
4. He Yi responds to Binance trends and rumors
He Yi said that Binance has no intention of steering the market to Meme coins. In response to the "rat warehouse" rumor, Binance responded that it was verified to be a false incident, and said that effective reports can receive rewards of 100,000 to 5 million US dollars.
