According to historical speculation, interest rate cuts are usually accompanied by a bull market after a big drop❗ Only one soft landing has been achieved since the 1980s. This happens when the job market is improving and unemployment is falling. This time the labor market is a little bit...
The U.S. central bank cut interest rates by 0.50% on September 18, its biggest surprise since 2008. It was the first rate cut since the COVID-19 crisis in March 2020. The Fed is trying to keep inflation moving toward its 2% target through regulation. However, the Fed acknowledged that the economic outlook is uncertain and will carefully evaluate the data received at its next meeting. (Setting the stage for market volatility)
In the bull market, all powerful projects are quietly rising. Polkadot is finally making a strong comeback after more than a year of precipitation. The community team is bound to ignite the Polkadot ecology and ignite the entire encryption market. 9 reasons to choose Polkadot ❶Polkadot 2.0 Dynamic core allocation: ➤Enhance flexibility ➤Efficiency and scalability The above performance makes Polkadot functions easier to use. Technical Support: ➤Improving network throughput, allowing more transactions within a predetermined time frame. ➤Trustless bridging with BEEFY and Snowbridge: Improves interoperability with other chains through efficient communication performance.
Market maker Wintermute just received 17.9M $TAI 8 hours ago.
We also detected unusual activity among $TAI holders, with approximately 600 million $TAI (about 95 million USD) transferred among early holders in the past 24 hours.
The AI trend seems to be taking off, with $FET and $TAO both rising by 10% in the past few hours.
Tether funded $45 million in crude oil trade in the Middle East, using USDT to pay for 670,000 barrels of oil between a major oil company and a leading commodity trader.
This allows Tether to expand into the global trade finance sector. CEO Paolo Ardoino stated that this transaction helps accelerate speed and reduce costs compared to traditional payment methods.$BTC
❗Come and see, UXLINK has truly become a "money-making magic" this time 🔥Singapore's United Overseas Bank (UOB) venture capital and Signum Capital fund, these two big investors not only have high hopes for UXLINK's prospects but also decided to increase their investment efforts, it's simply "a lot of money, carefree"
The investors not only increased the investment amount but also actively participated in staking. This indicates their strong confidence in UXLINK's technology, strategy, and future market.
The collaboration between UXLINK and Singapore's United Overseas Bank, particularly in the development and promotion of PAYFI, is likely to lay a solid foundation for the widespread application of cryptocurrency. This in-depth cooperation aims to establish UXLINK as the "king of social payments," making UXLINK not just a payment tool but also a versatile assistant for everyone's entertainment and leisure, a super bridge connecting Web2 and Web3 in the future. In the future, we may see cryptocurrency credit and debit cards becoming a norm in daily consumption, truly realizing the vision of seamless consumption with cryptocurrency.
Currently, UXLINK's market valuation has huge room for growth compared to its potential applications and development prospects. With more large financial institutions participating and more practical application scenarios being developed, the future of UXLINK looks promising. If UXLINK can dominate the future PAYFI ecosystem, the growth potential will be enormous, and becoming an industry giant is just around the corner.
🔥 The 11 BTC ETFs in the U.S. have just set the largest inflow in 167 days at $1.372 billion!
This is supported by BlackRock, with the fund's inflow reaching $1.169 billion yesterday - the largest BTC inflow since its launch.
In the past 3 weeks, BlackRock has added a net of 77,649 shares of $BTC ($5.48 billion), increasing its holdings to 447,281 shares of $BTC ($33.86 billion), accounting for approximately 2.26% of the circulating supply.
Avalanche Foundation acquired 1.97 million AVAX tokens from Luna Foundation Guard (LFG) for a total value of approximately 53 million USD. Previously, LFG spent 100 million USD in 2022 to purchase these tokens to protect TerraUSD (UST), but the plan failed due to the devaluation of UST in May 2022 and the collapse of the Terra ecosystem.
This acquisition helps ensure that LFG does not violate the original agreement and avoids liquidation during the bankruptcy proceedings. Avalanche will use these tokens to support the development of the ecosystem through sponsorship of projects and activities.
The Federal Reserve stated that the good or bad percentages of PCE or CPI inflation over the past month or two will not affect the overall situation, and what these indices show is that inflation is declining. We believe that the recent rise in inflation indices may be due to seasonal factors in the economy, rather than an increase in consumer spending.
Reporter: If President Trump asked you to resign, would you resign?
Federal Reserve Chair: No.
Reporter: So according to the law, can President Trump force you to resign?
Federal Reserve Chair: No.
Objectively speaking, Jerome Powell was appointed to the Federal Reserve Board by President Obama in 2012, then appointed as Federal Reserve Chair by President Trump in 2016, and was reappointed by President Biden. He has served under three presidents from two different political parties.