Frax Finance plans to collaborate with NEAR to launch frxNEA | Kun Lee on Binance Square

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Frax Finance plans to collaborate with NEAR to launch frxNEAR, and will integrate NEAR DA into Fraxtal.
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K33 Research: SUI may soon become a strong competitor to Solana According to Cointelegraph, K33's DeFi analyst David Zimmerman stated that Sui may soon become a strong competitor to Solana. Compared to Solana's performance, Sui's architecture and the upcoming game console could make it the top contender among "alternative L1s". Solana often competes for people's attention in the L1 wars, but since August, SOL/ETH has risen 6%, while SUI/SOL has risen 115% during the same period. Although he acknowledged that Sui's recent outstanding performance may largely be attributed to a broader "mispricing", David Zimmerman stated that Sui "certainly" has the right factors to support the recent price increase. $BTC $ETH $BNB

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Hong Kong Monetary Authority: The US has entered a cycle of interest rate cuts, which will not affect Hong Kong's financial and monetary stability ChainCatcher news, Hong Kong Monetary Authority Deputy Chief Executive Li Dazhi said in a commentary on the 19th that the current interest rate hike cycle of the Federal Reserve began in March 2022 and will last until July 2023, with a cumulative increase of 525 basis points. After a period of ups and downs, US inflation has now largely confirmed a downward trend, and there are also signs of a slowdown in the labor market. Therefore, the Federal Reserve has decided to cut interest rates by 50 basis points, which is broadly in line with market expectations. (Jinshi) $BTC $ETH $BNB

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K33 Research: SUI may soon become Solana's top competitor Odaily reports that according to a research report by K33 Research analysts on September 18, Solana may be the top L1 network second only to Ethereum, but the Sui network may eventually compete with it. K33's DeFi analyst David Zimmerman said that Sui's performance relative to Solana, combined with its architecture and the upcoming game console, could make it the "top contender" among alternative L1s. Zimmerman said: "Solana often grabs people's attention in the L1 war, but since August, SOL/ETH has risen 6%, while SUI/SOL has risen 115% over the same period." $BTC $ETH $BNB

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Hong Kong Monetary Authority: The US has entered a cycle of interest rate cuts, which will not affect Hong Kong's financial and monetary stability The Hong Kong Monetary Authority Deputy Chief Executive Eddie Yue said on the 19th that the Federal Reserve's current rate hike cycle began in March 2022 and will continue until July 2023, with a cumulative rate hike of 525 basis points. After a period of ups and downs, US inflation has now largely confirmed a downward trend, and there are also signs of a slowdown in the labor market. Therefore, the Federal Reserve has decided to cut interest rates by 50 basis points, which is largely in line with market expectations. (Jinshi) $BTC $ETH $BNB

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Institution: The Reserve Bank of Australia will remain an "outlier" among global central banks in the short term According to an analysis by institutions, as the Federal Reserve cuts the federal funds rate by 50 basis points, marking the beginning of an easing cycle, the Reserve Bank of Australia is increasingly becoming an outlier among global central banks. Most economists expect Australia to cut interest rates until next year, possibly as late as May. The news of another jump in employment growth in August highlighted this contrast, leaving the Reserve Bank of Australia with little room to start discussing a near-term rate cut. The Reserve Bank of Australia Governor Lowe will be criticized for not joining the easing club, but he will closely monitor core inflation, which remains high and worrying. $BTC $ETH $BNB

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