[4E Asia Pacific Ambassador: As the world enters a cycle of interest rate cuts, the relationship between traditional finance and Bitcoin is undergoing profound changes] On September 19, the TOKEN2049 conference was successfully concluded. 4E, as a platinum sponsor, performed brilliantly at the exhibition. Through booth demonstrations and on-site interactions, 4E fully demonstrated its latest blockchain technology and financial products, attracting a large number of participants to stop by. Many of them downloaded and registered the 4E APP on site to experience it, showing a strong interest in its products. In addition, 4E also organized small interactive activities and gave away exquisite peripheral gifts to enhance the atmosphere and experience on site. During the two-day conference, 4E was also invited to participate in many interviews. The 4E Asia Pacific Ambassador said that as the world enters a cycle of interest rate cuts, the relationship between traditional finance and Bitcoin is undergoing profound changes. As "digital gold", Bitcoin has attracted the attention of more and more investors and traditional financial institutions. During TOKEN2049, many industry leaders also emphasized the important position of Bitcoin in the global financial system, indicating that it may play a more core role in the future. It is reported that the 4E platform integrates multiple financial product transactions such as cryptocurrency, foreign exchange, commodities, stocks and indices, supports more than 600 asset spot and derivative transactions, has more than 1.2 million users, and its business covers more than 20 countries and regions around the world, showing a strong development momentum. The appearance at TOKEN2049 not only enhances 4E's brand awareness and close ties with global users, but also undoubtedly further consolidates its cutting-edge position in the one-stop trading field.

[CPA Australia: Recommends the Hong Kong government to launch a Web 3 development task force] Golden Finance reported that CPA Australia said that the Hong Kong government should seize the upcoming policy address to continue to implement reforms to maintain Hong Kong's international status. Ye Yunkai, president of the association's Greater China branch in 2024, said: In order to enhance the trading of exchange-traded funds, CPA Australia recommends expanding the diversity of products. In addition, the Hong Kong government should also consider providing more comprehensive information to help the public understand complex concepts such as digital assets. In order to make Hong Kong a leading region for Web 3 and virtual assets, CPA Australia recommends that the Hong Kong government consider integrating the development and regulation of these technologies into a Web 3 development task force. In terms of further developing Hong Kong into an international innovation and technology center, it believes that the Hong Kong government should consider whether it is necessary to formulate a comprehensive set of regulations to regulate the safe use of artificial intelligence. The regulations should consider whether they are risk-based or rule-based. At the same time, it is recommended that measures in the policy address include supporting SMEs to apply artificial intelligence solutions, rapidly upgrading technology and improving the network flexibility of SMEs, and improving employees' digital skills.

1. The Fed cuts interest rates by 50 basis points, and BTC breaks through $62,500: A new cycle is starting

On September 19, Beijing time, the Federal Reserve officially announced that it would cut the federal funds rate by 50 basis points to 4.75%-5.00%, which was the first rate cut since March 2020. Under the influence of the rate cut news, the crypto market soared, and BTC broke through $62,500, outperforming the US stock market and spot gold. What is most worth looking forward to is that experts from various institutions said that the 50 basis point rate cut in September is just the beginning, and there is still a possibility of further rate cuts this year, and the cumulative rate cut may be 76 basis points by the end of 2024. Click to read

1. The Fed cuts interest rates by 50 basis points, and BTC breaks through $62,500: A new cycle is starting

On September 19, Beijing time, the Federal Reserve officially announced that it would cut the federal funds rate by 50 basis points to 4.75%-5.00%, which was the first rate cut since March 2020. Under the influence of the rate cut news, the crypto market soared, and BTC broke through $62,500, outperforming the US stock market and spot gold. What is most worth looking forward to is that experts from various institutions said that the 50 basis point rate cut in September is just the beginning, and there is still a possibility of further rate cuts this year, and the cumulative rate cut may be 76 basis points by the end of 2024. Click to read