尚哥的加密逻辑
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宏观左右世界，逻辑推演未来。
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Risks of Fed rate cuts
Is a rate cut a loose monetary policy? Will it necessarily be good for risky assets? No!
Today, Shang Ge will discuss the impact of the Fed's [first interest rate cut] on the market:
The interest rate cut has a more direct impact on the pricing of the bond market (positive), and a more indirect impact on the pricing of the equity market and risk market (negative, positive after fundamentals improve). The impact on Gami lies in the degree of liquidity depletion.
By category:
A. No rate cut in September: good news is lost, bad news is added. The market will go back to where it came from.
B. September rate cut: The market will take risk aversion measures in advance. The market has already priced in a sharp retracement.
Today, Shang Ge will discuss the impact of the Fed's [first interest rate cut] on the market:
The interest rate cut has a more direct impact on the pricing of the bond market (positive), and a more indirect impact on the pricing of the equity market and risk market (negative, positive after fundamentals improve). The impact on Gami lies in the degree of liquidity depletion.
By category:
A. No rate cut in September: good news is lost, bad news is added. The market will go back to where it came from.
B. September rate cut: The market will take risk aversion measures in advance. The market has already priced in a sharp retracement.
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Federal Reserve interest rate decision outlook-2024.12
Beijing time, December 19th 03:00 The Federal Reserve announced its interest rate decision and a summary of economic expectations.
03:30 Federal Reserve Chairman Powell holds a monetary policy press conference to provide forward-looking guidance to the market.
Currently, CME FedWatch:
The probability of the Federal Reserve cutting interest rates by 25BP in December 2024 is 95.4%.
The probability that the Federal Reserve will keep interest rates unchanged in January 2025 is 79.9%.
There is almost no suspense about the 25BP rate in December, and no rate cut in January has already been priced in.
The focus of market attention is on the tone of Powell’s forward guidance: hawkish or dovish?
[S&P expects the Fed to cut interest rates less frequently next year] S&P said it expects the FOMC to cut interest rates by 25 basis points at this week's meeting and to be cautious about future easing policies. The Fed's revised economic forecast is expected to see the federal funds rate reach 3.5%-3.75% by the end of next year, higher than the previous forecast of 3%-3.25%. This adjustment reflects that economic growth is more resilient than previously understood, inflationary impulses continue to be excessive, and the upside risks to inflation expectations posed by the new administration's policy preferences.
03:30 Federal Reserve Chairman Powell holds a monetary policy press conference to provide forward-looking guidance to the market.
Currently, CME FedWatch:
The probability of the Federal Reserve cutting interest rates by 25BP in December 2024 is 95.4%.
The probability that the Federal Reserve will keep interest rates unchanged in January 2025 is 79.9%.
There is almost no suspense about the 25BP rate in December, and no rate cut in January has already been priced in.
The focus of market attention is on the tone of Powell’s forward guidance: hawkish or dovish?
[S&P expects the Fed to cut interest rates less frequently next year] S&P said it expects the FOMC to cut interest rates by 25 basis points at this week's meeting and to be cautious about future easing policies. The Fed's revised economic forecast is expected to see the federal funds rate reach 3.5%-3.75% by the end of next year, higher than the previous forecast of 3%-3.25%. This adjustment reflects that economic growth is more resilient than previously understood, inflationary impulses continue to be excessive, and the upside risks to inflation expectations posed by the new administration's policy preferences.
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Macroeconomic Outlook on Cryptocurrency Assets - 2025
Macro influences the world, and logic deduces the future.
We cannot accurately predict the future, but we can make vague inferences based on limited knowledge.
1. 2025 will be the year of the crazy bull market for cryptocurrencies.
After the bull market locomotive SUI hits a historical high and doubles, SOL and BNB show average performance after reaching historical highs, and ETH has not yet reached a historical high. The bull market for Bitcoin will not stop at 105,000; my personal subjective expectation is that it will peak at 180,000 to 200,000 USD. SUI will peak around 20, SOL around 800, and ETH around 12,000 to 25,000.
2. 2025 will be the year when Bitcoin becomes a strategic reserve asset.
The demand for strategic reserves comes from: global large companies and national sovereign funds.
We cannot accurately predict the future, but we can make vague inferences based on limited knowledge.
1. 2025 will be the year of the crazy bull market for cryptocurrencies.
After the bull market locomotive SUI hits a historical high and doubles, SOL and BNB show average performance after reaching historical highs, and ETH has not yet reached a historical high. The bull market for Bitcoin will not stop at 105,000; my personal subjective expectation is that it will peak at 180,000 to 200,000 USD. SUI will peak around 20, SOL around 800, and ETH around 12,000 to 25,000.
2. 2025 will be the year when Bitcoin becomes a strategic reserve asset.
The demand for strategic reserves comes from: global large companies and national sovereign funds.
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Weekly Crypto Observation - 2024W50
Project:
NFT brand Pudgy Penguins announces the issuance of PENGU tokens
DeFi L2 network Mode announces the launch of subnet Synth on Bittensor (TAO)
L2 project Blast community proposes using $36 million annual returns to repurchase BLAST tokens
Ethereum's market value surpasses Tencent, rising to 27th place in global asset market value ranking
M3M3 new mechanisms attract attention, Solana continues to showcase rapid actions
Vana mainnet and token economy are about to launch, reshaping the internet AI data trading model
Vitalik's ideal wallet vision: an all-encompassing upgrade from cross-chain experience to privacy protection
20 predictions for 2025: a panoramic view of Web3 from scalability to privacy
NFT brand Pudgy Penguins announces the issuance of PENGU tokens
DeFi L2 network Mode announces the launch of subnet Synth on Bittensor (TAO)
L2 project Blast community proposes using $36 million annual returns to repurchase BLAST tokens
Ethereum's market value surpasses Tencent, rising to 27th place in global asset market value ranking
M3M3 new mechanisms attract attention, Solana continues to showcase rapid actions
Vana mainnet and token economy are about to launch, reshaping the internet AI data trading model
Vitalik's ideal wallet vision: an all-encompassing upgrade from cross-chain experience to privacy protection
20 predictions for 2025: a panoramic view of Web3 from scalability to privacy
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Weekly Crypto Observations - 2024W49
Projects:
Pump.science wallet key pair leaked, wallets marked as URO and RIF on pump.fun were attacked and issued counterfeit tokens;
Base ecosystem AI-related meme speculation is hot, leading assets have seen nearly hundredfold increases from their lows;
Binance Labs announces investment in Astherus and new staking infrastructure on BNB Chain Kernel
Justin Sun appointed as advisor for the crypto project WLFI supported by Trump
The Movement Network Foundation announces MOVE tokenomics: The total supply of MOVE tokens is 10 billion, with an initial circulation of about 22%. 60% of the total supply will be allocated to the community, including ecosystems and communities, foundations, and initial claims. MOVE tokens will gradually unlock over 60 months, and teams and investors will not be able to participate in staking initially. The Movement Network Foundation states that MOVE tokens will have a TGE on the Ethereum mainnet. After the mainnet goes live (coming soon), MOVE holders can migrate cross-chain to the Movement Network. The Gas fees of the Movement Network will be settled in MOVE, and the use cases of MOVE tokens include: economic security staking, Gas fees, governance and decentralization, and the native assets of the Movement Network.
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Sectors that are about to launch: AI, RWA, BTC ecology, ETH ecology
ETH may soon reach ATH, and new elites will emerge in the pledge sector;
The most violent new species in the Ai ecology may be Ai agent;
RWA's most promising track: financial RWA, RWA platform;
BTC ecology: a bunch of leaders are at a low level;
The best rhythm of the market is that different sectors launch one by one, and you stack the benefits one by one!
#山寨币走势展望
ETH may soon reach ATH, and new elites will emerge in the pledge sector;
The most violent new species in the Ai ecology may be Ai agent;
RWA's most promising track: financial RWA, RWA platform;
BTC ecology: a bunch of leaders are at a low level;
The best rhythm of the market is that different sectors launch one by one, and you stack the benefits one by one!
#山寨币走势展望
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Weekly Crypto Observation - 2024W48
Project:
(An article analyzing the disruptive new DeFi player Fluid against Aave and Curve)
(Solana: From zero to a new high of $100 billion, the most perfect rebirth in crypto history)
(DeSci: How to challenge the existing scientific research system with on-chain memes?)
(OpenAI drives AI Agent frenzy, an article outlining the development trajectory of Crypto AI Agents)
Magic Eden Foundation: ME tokens will conduct TGE on December 10
DWF Labs launches a $20 million Meme fund to support Memecoin projects across multiple blockchains
The meme issuance platform jump.fun has launched on November 22, each new issued token immediately receives 6 meme liquidity loans for providing initial liquidity on Uniswap;
(An article analyzing the disruptive new DeFi player Fluid against Aave and Curve)
(Solana: From zero to a new high of $100 billion, the most perfect rebirth in crypto history)
(DeSci: How to challenge the existing scientific research system with on-chain memes?)
(OpenAI drives AI Agent frenzy, an article outlining the development trajectory of Crypto AI Agents)
Magic Eden Foundation: ME tokens will conduct TGE on December 10
DWF Labs launches a $20 million Meme fund to support Memecoin projects across multiple blockchains
The meme issuance platform jump.fun has launched on November 22, each new issued token immediately receives 6 meme liquidity loans for providing initial liquidity on Uniswap;
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Fast food and fine flour of the industry: Where are the thousands of times?
If meme is the fast food of the industry, then those valuable targets with industry construction are the fine flour!
Meme moves as fast as a rocket, with explosive gains of hundreds or thousands in just hours; the speed is shocking; it seems violent, but in reality, it's as difficult for ordinary investors to catch as riding a bicycle to chase a rocket, and fake rockets are like stars in the sky.
Although it's a life-and-death situation, it's a space-time portal for small capital chain players to rise. It provides user liquidity for the large through different meme chapters, because memes themselves are typical use cases of attention economy, and due to the decentralized spirit and the scythe of VC pens, many retail investors rush onto the chain.
Meme moves as fast as a rocket, with explosive gains of hundreds or thousands in just hours; the speed is shocking; it seems violent, but in reality, it's as difficult for ordinary investors to catch as riding a bicycle to chase a rocket, and fake rockets are like stars in the sky.
Although it's a life-and-death situation, it's a space-time portal for small capital chain players to rise. It provides user liquidity for the large through different meme chapters, because memes themselves are typical use cases of attention economy, and due to the decentralized spirit and the scythe of VC pens, many retail investors rush onto the chain.
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The hellish difficulty of this round of bull market
The market is fluctuating sideways, and retail investors are saying that the difficulty of this round of operations is hellish.
Personally, I think there are several reasons for this:
1. Meme coins can easily explode hundreds or thousands of times within hours, the speed is shocking;
It seems violent, but in reality, the participation difficulty for ordinary investors is like chasing a rocket on a bicycle.
Moreover, fake rockets are like stars in the sky.
2. VC's market value performance lags behind projects that do not promote but focus on technology;
Only when the project party awakens can there be orderly promotion and market value management.
3. Another extreme of VC coins is:
The listing has fully met expectations, with an absurdly high market value; the king will perish.
Personally, I think there are several reasons for this:
1. Meme coins can easily explode hundreds or thousands of times within hours, the speed is shocking;
It seems violent, but in reality, the participation difficulty for ordinary investors is like chasing a rocket on a bicycle.
Moreover, fake rockets are like stars in the sky.
2. VC's market value performance lags behind projects that do not promote but focus on technology;
Only when the project party awakens can there be orderly promotion and market value management.
3. Another extreme of VC coins is:
The listing has fully met expectations, with an absurdly high market value; the king will perish.
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Crypto Observation of the Week - 2024W44
project:
Grass airdrop enquiry is now open, and the first round of airdrop will start at 21:30 on October 28;
COOK will be launched on Mantle Network and is expected to be listed on October 29;
Payment company Stripe has acquired the Bitcoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency field
The meme has set off a speculative frenzy again, and Pump.fun has earned nearly 1 million SOLs;
(a16z on GOAT: How did the AI we funded become a multimillionaire with $50,000?)
(60 million memes were reduced to zero in seconds, and SHAR used 12 hours to conspire to take away 3 million)
(Frax founder: In the AI + meme boom, how do you view the premium attributes of L1 tokens and correctly value them?)
Grass airdrop enquiry is now open, and the first round of airdrop will start at 21:30 on October 28;
COOK will be launched on Mantle Network and is expected to be listed on October 29;
Payment company Stripe has acquired the Bitcoin platform Bridge for $1.1 billion, marking the largest acquisition in the cryptocurrency field
The meme has set off a speculative frenzy again, and Pump.fun has earned nearly 1 million SOLs;
(a16z on GOAT: How did the AI we funded become a multimillionaire with $50,000?)
(60 million memes were reduced to zero in seconds, and SHAR used 12 hours to conspire to take away 3 million)
(Frax founder: In the AI + meme boom, how do you view the premium attributes of L1 tokens and correctly value them?)
See original
One Week Crypto Watch-2024W43
project:
Worldcoin rebrands to World Network and announces that World Chain has launched mainnet
ApeChain ecosystem’s one-click coin issuance platform Ape Express was released. ApeChain provides an automatic income model for stable coin holders on the chain.
Trump announces launch of World Liberty Finance, WLFI sales exceed $9 million; WLFI updates public sale terms
WLFI is only used for governance, not as an investment tool, and is locked for one year.
Suilend posted "October 22, Save The Date", which may imply that his agreement ghostwriting will be released soon
Binance launches BNSOL for fixed investment, staking and one-click purchase
Worldcoin rebrands to World Network and announces that World Chain has launched mainnet
ApeChain ecosystem’s one-click coin issuance platform Ape Express was released. ApeChain provides an automatic income model for stable coin holders on the chain.
Trump announces launch of World Liberty Finance, WLFI sales exceed $9 million; WLFI updates public sale terms
WLFI is only used for governance, not as an investment tool, and is locked for one year.
Suilend posted "October 22, Save The Date", which may imply that his agreement ghostwriting will be released soon
Binance launches BNSOL for fixed investment, staking and one-click purchase
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Several major pricing factors at this stage:
1. The risk of escalation of the conflict in the Middle East. Currently, six warships of the Dragon are advancing into the Mediterranean to evacuate Chinese citizens.
2. The risk of the Fed's interest rate cut expectations falling short of expectations, especially the US strengthening the reality of a soft landing, and the upward revision of the landing value and the previous value of economic data. In the context of domestic strikes in the US and the lack of optimization of data statistics, the data has always been revised downward. If the subsequent data continues to be beautify, the market will price that the Fed will not cut interest rates in December. Related to the US primary market liquidity, such as SOFR.
3. The landing of candidate pricing expectations, the election of the village chief on November 5th has been settled.
4. The "rumor" of the landing of the BRICS payment system, it is rumored that it will land on October 24, which will weaken the international payment currency attribute of the US dollar.
5. The strong diversion of crypto liquidity by the A-share market, the diversion of US bonds to US stocks and big cake ETFs.
The door to the Fed's interest rate cut has been opened, but it seems that the dawn meets the cloudy sky. Wait a little longer, and the sun will inevitably come out sooner or later!
#大A香还是大饼香 #宏观分析 #中东局势 #金砖支付系统 #美联储降息预期的不及预期
1. The risk of escalation of the conflict in the Middle East. Currently, six warships of the Dragon are advancing into the Mediterranean to evacuate Chinese citizens.
2. The risk of the Fed's interest rate cut expectations falling short of expectations, especially the US strengthening the reality of a soft landing, and the upward revision of the landing value and the previous value of economic data. In the context of domestic strikes in the US and the lack of optimization of data statistics, the data has always been revised downward. If the subsequent data continues to be beautify, the market will price that the Fed will not cut interest rates in December. Related to the US primary market liquidity, such as SOFR.
3. The landing of candidate pricing expectations, the election of the village chief on November 5th has been settled.
4. The "rumor" of the landing of the BRICS payment system, it is rumored that it will land on October 24, which will weaken the international payment currency attribute of the US dollar.
5. The strong diversion of crypto liquidity by the A-share market, the diversion of US bonds to US stocks and big cake ETFs.
The door to the Fed's interest rate cut has been opened, but it seems that the dawn meets the cloudy sky. Wait a little longer, and the sun will inevitably come out sooner or later!
#大A香还是大饼香 #宏观分析 #中东局势 #金砖支付系统 #美联储降息预期的不及预期
See original
This week's macro events
1. Monday:
① Data: China's foreign exchange reserves in September;
② Events: Speeches by several ECB officials; Nobel Prize in Physiology or Medicine announced.
③ Closed: Shanghai, Shenzhen, Beijing Stock Exchanges and domestic futures exchanges are closed due to the National Day, and will open as usual on October 8 (Tuesday); Hong Kong Stock Exchange will open as usual, with southbound and northbound transactions closed.
2. Tuesday:
① Events: Fed's Musallem, Kugler and others delivered speeches; Nobel Prize in Physics announced;
The State Council Information Office held a press conference to introduce the relevant situation of "systematically implementing a package of incremental policies to solidly promote economic upward structure and continuous improvement of development trend".
3. Wednesday:
① Data: China's September M2 money supply annual rate;
② Events: Fed's Bostic, Logan and others delivered speeches; Nobel Prize in Chemistry announced;
4. Thursday:
① Data: US 10-year Treasury auction; US September CPI data, initial jobless claims for the week;
② Events: Fed releases monetary policy meeting minutes;
Fed Barkin, Collins, Daly, Williams and others delivered speeches;
Nobel Prize in Literature announced.
5. Friday:
① Data: US September PPI data
October one-year inflation rate expectations initial value October University of Michigan Consumer Confidence Index initial value.
② Events: Fed's Goolsbee, Bowman, Logan and others delivered speeches; Nobel Peace Prize announced.
③ Financial reports: JPMorgan Chase, Wells Fargo and others.
6. Saturday:
① Data: US total number of oil rigs for the week.
② Events: Many banks released operating rules for adjusting existing mortgage interest rates.
7. Sunday:
① Data: China's September CPI and PPI data.
② Event: The election of the sixth Chief Executive of the Macao Special Administrative Region was held.
1. Monday:
① Data: China's foreign exchange reserves in September;
② Events: Speeches by several ECB officials; Nobel Prize in Physiology or Medicine announced.
③ Closed: Shanghai, Shenzhen, Beijing Stock Exchanges and domestic futures exchanges are closed due to the National Day, and will open as usual on October 8 (Tuesday); Hong Kong Stock Exchange will open as usual, with southbound and northbound transactions closed.
2. Tuesday:
① Events: Fed's Musallem, Kugler and others delivered speeches; Nobel Prize in Physics announced;
The State Council Information Office held a press conference to introduce the relevant situation of "systematically implementing a package of incremental policies to solidly promote economic upward structure and continuous improvement of development trend".
3. Wednesday:
① Data: China's September M2 money supply annual rate;
② Events: Fed's Bostic, Logan and others delivered speeches; Nobel Prize in Chemistry announced;
4. Thursday:
① Data: US 10-year Treasury auction; US September CPI data, initial jobless claims for the week;
② Events: Fed releases monetary policy meeting minutes;
Fed Barkin, Collins, Daly, Williams and others delivered speeches;
Nobel Prize in Literature announced.
5. Friday:
① Data: US September PPI data
October one-year inflation rate expectations initial value October University of Michigan Consumer Confidence Index initial value.
② Events: Fed's Goolsbee, Bowman, Logan and others delivered speeches; Nobel Peace Prize announced.
③ Financial reports: JPMorgan Chase, Wells Fargo and others.
6. Saturday:
① Data: US total number of oil rigs for the week.
② Events: Many banks released operating rules for adjusting existing mortgage interest rates.
7. Sunday:
① Data: China's September CPI and PPI data.
② Event: The election of the sixth Chief Executive of the Macao Special Administrative Region was held.
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One Week Crypto Watch-2024W40
project:
StakeStone is now open for EigenLayer Season 2 EIGEN rewards and will remain open until December 1, 2024.
The TAO Foundation announced that a new subnet will be launched soon, which will be the GPU rental platform Fish, providing scalable computing resources for validators and users, and TAO tokens can be used for payment.
Ethereum Pectra is scheduled to launch in the fourth quarter of 2024 or the first quarter of 2025
[The expected direction is likely to appear in the account abstract concept. ]
Related in-depth article: "Summary of Vitalik's EthCC speech: the history and future of account abstraction"
StakeStone is now open for EigenLayer Season 2 EIGEN rewards and will remain open until December 1, 2024.
The TAO Foundation announced that a new subnet will be launched soon, which will be the GPU rental platform Fish, providing scalable computing resources for validators and users, and TAO tokens can be used for payment.
Ethereum Pectra is scheduled to launch in the fourth quarter of 2024 or the first quarter of 2025
[The expected direction is likely to appear in the account abstract concept. ]
Related in-depth article: "Summary of Vitalik's EthCC speech: the history and future of account abstraction"
See original
Shigeru Ishiba elected as president of the Liberal Democratic Party and will take over as Japanese prime minister
Cailian News Agency, September 27:
Shigeru Ishiba, former secretary-general of the Liberal Democratic Party of Japan, won the majority of votes in the second round of voting for the Liberal Democratic Party presidential election on the afternoon of September 27 local time and was elected as the new president of the Liberal Democratic Party. The term of the current Japanese Prime Minister Fumio Kishida as president of the Liberal Democratic Party will end on September 30. As usual, the new president of the Liberal Democratic Party, Shigeru Ishiba, will be nominated by the Diet on October 1 and is expected to take over as prime minister. Shigeru Ishiba is 67 years old and this is his fifth time running for party leader. He worked in a bank in his early years. In his 38 years in politics, he has been involved in agriculture, security, local revitalization and other fields. He has served as secretary-general of the Liberal Democratic Party and chairman of the policy research committee, and is known as a "policy expert".
Shigeru Ishiba advocates the normalization of monetary policy, that is, ending Japan's long-term negative interest rate policy, which will increase the probability of the Bank of Japan raising interest rates.
Forward bearish risk assets.
The extent of the impact depends on the size of the stock of yen arbitrage funds and the degree of the unexpectedness of the interest rate hike.
Nikkei 225 futures fell 5% on the day.
Futures market expectations for the Bank of Japan's rate hike have already risen
#石破茂当选 #日元加息
Cailian News Agency, September 27:
Shigeru Ishiba, former secretary-general of the Liberal Democratic Party of Japan, won the majority of votes in the second round of voting for the Liberal Democratic Party presidential election on the afternoon of September 27 local time and was elected as the new president of the Liberal Democratic Party. The term of the current Japanese Prime Minister Fumio Kishida as president of the Liberal Democratic Party will end on September 30. As usual, the new president of the Liberal Democratic Party, Shigeru Ishiba, will be nominated by the Diet on October 1 and is expected to take over as prime minister. Shigeru Ishiba is 67 years old and this is his fifth time running for party leader. He worked in a bank in his early years. In his 38 years in politics, he has been involved in agriculture, security, local revitalization and other fields. He has served as secretary-general of the Liberal Democratic Party and chairman of the policy research committee, and is known as a "policy expert".
Shigeru Ishiba advocates the normalization of monetary policy, that is, ending Japan's long-term negative interest rate policy, which will increase the probability of the Bank of Japan raising interest rates.
Forward bearish risk assets.
The extent of the impact depends on the size of the stock of yen arbitrage funds and the degree of the unexpectedness of the interest rate hike.
Nikkei 225 futures fell 5% on the day.
Futures market expectations for the Bank of Japan's rate hike have already risen
#石破茂当选 #日元加息
See original
The final value of the annualized quarterly rate of real GDP in the second quarter of the United States was 3%, expected to be 3%, and the previous value was 3.00%
The final value of the annualized quarterly rate of the core PCE price index in the second quarter of the United States was 2.8%, expected to be 2.8%, and the previous value was 2.80%
The number of initial jobless claims in the United States as of the week ending September 21 was 218,000, expected to be 225,000, and the previous value was revised from 219,000 to 222,000
PS:
The data strengthened the Fed's guidance on the expectation of a soft landing of the economy
The revised value of the number of unemployment benefits this time also points to a soft landing! The Fed is telling everyone that I stepped on the brakes very timely!
#失业金人数
The final value of the annualized quarterly rate of the core PCE price index in the second quarter of the United States was 2.8%, expected to be 2.8%, and the previous value was 2.80%
The number of initial jobless claims in the United States as of the week ending September 21 was 218,000, expected to be 225,000, and the previous value was revised from 219,000 to 222,000
PS:
The data strengthened the Fed's guidance on the expectation of a soft landing of the economy
The revised value of the number of unemployment benefits this time also points to a soft landing! The Fed is telling everyone that I stepped on the brakes very timely!
#失业金人数
See original
Crypto Observation of the Week - 2024W39
project:
Bitcoin's L2? exSat's innovative breakthrough
POW+POS+RAM hybrid consensus mechanism, BTC+EVM, account abstraction, modularization, fair launch. The total supply is 21,000,000 pieces. The mainnet will be launched on October 23. The network launch is mainly divided into three stages: initialization, network launch and start staking XSAT.
The concept is full of energy, and we will see whether it is a mule or a horse after a month.
BNB Chain announced integration with Telegram; will launch Telegram mini-program game Moonbix, the date will be announced as soon as possible;
WalletConnect announced the launch of WCT tokens, with 18.5% to be allocated for the first season airdrop;
Bitcoin's L2? exSat's innovative breakthrough
POW+POS+RAM hybrid consensus mechanism, BTC+EVM, account abstraction, modularization, fair launch. The total supply is 21,000,000 pieces. The mainnet will be launched on October 23. The network launch is mainly divided into three stages: initialization, network launch and start staking XSAT.
The concept is full of energy, and we will see whether it is a mule or a horse after a month.
BNB Chain announced integration with Telegram; will launch Telegram mini-program game Moonbix, the date will be announced as soon as possible;
WalletConnect announced the launch of WCT tokens, with 18.5% to be allocated for the first season airdrop;
See original
How to view the first interest rate cut in the Federal Reserve's September interest rate decision
Confirm the type of interest rate cut by the Federal Reserve in the absence of a preset interest rate cut path.
1. The Federal Reserve’s September interest rate meeting: the federal funds rate was cut by 50 basis points to 4.75%-5.00%, the first rate cut since March 2020.
The first rate cut of 50BP was in line with the high probability event predicted by CME Interest Rate Watch before the meeting, but it exceeded the market's expectations of a 25BP steady opening of the rate cut window and avoiding recession concerns caused by the first 50BP cut.
2. Powell: The upside risks to inflation have weakened, while the downside risks to the labor market have increased.
Our decision today reflects our growing confidence that the strong labor market performance can continue.
1. The Federal Reserve’s September interest rate meeting: the federal funds rate was cut by 50 basis points to 4.75%-5.00%, the first rate cut since March 2020.
The first rate cut of 50BP was in line with the high probability event predicted by CME Interest Rate Watch before the meeting, but it exceeded the market's expectations of a 25BP steady opening of the rate cut window and avoiding recession concerns caused by the first 50BP cut.
2. Powell: The upside risks to inflation have weakened, while the downside risks to the labor market have increased.
Our decision today reflects our growing confidence that the strong labor market performance can continue.
See original
Stop the conspiracy theory that the Fed’s September interest rate decision will not cut interest rates. The goal is to boost non-US economies. If it fails to do so, it is inevitable to cut interest rates based on the current economic situation.
#美联储利率决议即将公布
#美联储利率决议即将公布