Macro at a Grace
Federal Reserve interest rate decision (9.19 2:00)
Announced 5.00% Expected 5.25% Previous value 5.50%

Bank of Japan interest rate decision (9.20 11:00)
Announced 0.25% Previous value 0.25%

Number of initial jobless claims in the United States for the week ending September 14 (10,000 people) (9.19 20:30)
Announced 21.9 Expected 23 Previous value 23.1

US SEC approves BlackRock's spot Bitcoin ETF options listing (9.21 5:00)
On-Chain Macro
On-chain purchasing power
After the rate cut, short-term holdings began to increase, and began to decrease over the weekend, with no continuation trend. Long-term holdings behaved in the opposite way, and the purchasing power of long and short hands on the chain did not change much. We will observe whether the increase in short-term holdings can be maintained in the future.

In order to pursue higher playability, major investors spent money on various 3A/MMO games last year, but this year there is no splash. On the contrary, the lightweight stand-alone PC game The Beacon has become popular recently. At this stage, perhaps stand-alone PC games may be more suitable for Gamefi than mobile MMO games.

Why standalone?

The user volume of Web 3 itself is not enough to support the user experience of multi-person online games at the same time. Poor user experience makes it difficult to improve retention. If you want to increase the user experience of MMO, you have to attract Web 2 players to join, so you have to return to the traditional The business model of the game relies on a large amount of advertising to generate purchases.