BlackRock Digital Assets Director: BlackRock sees BTC as an emerging global currency alternative

Robert Mitchnick, BlackRock Digital Assets Director, said in an interview with Bloomberg: "When we think of Bitcoin, we primarily see it as an emerging global currency alternative. As concerns about U.S. Treasuries grow, Bitcoin becomes an attractive alternative reserve asset that is unrelated to the value of the U.S. dollar." BlackRock's report said that because of this, Bitcoin is valuable in helping investors diversify their portfolios.

U.S. Treasury Secretary Yellen: The Fed seems to expect interest rates to fall further. U.S. Treasury Secretary Yellen said that the Fed seems to expect interest rates to fall further.

If we continue along this path, interest rates will eventually fall to a neutral level. It is hoped that the labor market will remain stable with the Fed's actions. The labor market and inflation indicate that we are on the road to a soft landing. We are thinking deeply about how to enhance liquidity and access to the Fed's discount window.

CryptoQuant: ETH derivatives market indicators turn optimistic, and the 30-day moving average of the funding rate turns positive. Ethereum derivatives market indicators show that investor sentiment is optimistic.

The head of research at CryptoQuant said that the 30-day moving average of the funding rate has turned positive, indicating that futures traders are increasingly bullish, indicating that market participants may turn more optimistic. Coinglass data shows that Ethereum's open interest weighted funding rate has been on a positive trend since the Federal Reserve cut interest rates on September 18, and is currently 0.0089%. QCP Capital analysts have also noticed an improvement in funding rates on major exchanges and believe that this is related to the recent interest rate cuts. Since the Federal Reserve cut the federal funds rate by 50 basis points on September 18, the price of Ethereum has risen by more than 17%, outperforming Bitcoin's 10% increase in the same period. #比特币盈利供应能否推动价格上涨？ #你有多少HMSTR？ #美国8月核心PCE创4月以来新高 #美国二季度核心PCE符合预期 #HMSTR开盘