He Yi, our co-founder, at Binance Blockchain Week Day 1 🚀
In a warm fireside chat with CoinMarketCap's Alice Liu, Yi reflected on Binance’s journey and the 2024 theme, Driving Momentum.
She expressed heartfelt gratitude to our amazing 200 million-strong community and highlighted key milestones.[[full article here](https://www.binance.com/en/square/post/2024-10-30-binance-co-founder-yi-he-reflects-on-overcoming-challenges-and-sustaining-growth-at-binance-blockchain-dubai-2024-15566583459337)]
Yi also shared the core values that keep us moving forward—innovation, responsibility, and humility—as we work toward a stronger Web3 ecosystem. [[full article here](https://www.binance.com/en/square/post/2024-10-30-driving-momentum-binance-co-founder-yi-he-shares-insights-on-company-culture-and-vision-for-web3-at-binance-blockchain-dubai-2024-15566360823082)]
More highlights and live updates are on the way, stay tuned! #BinanceBlockchainWeek
The Future of the DODO Ecosystem: A Promising Outlook
DODO, a decentralized exchange (DEX) with a unique model and innovative features, has carved a niche in the crypto landscape. Its focus on product innovation, community engagement, and strategic partnerships positions it for significant growth in the future. DODO's Product Features and Unique Use Cases DODO's product features set it apart from other DEXs: One-Click Token Issuance: This feature allows projects to create tokens quickly and easily on various blockchains, reducing the barriers to entry for new projects.Self-Initiated Mining: Users can create their own mining pools, providing a more flexible and decentralized approach to liquidity provision.Pegged Pool: This feature allows users to create pools that are pegged to a specific asset, offering a more stable trading experience.Meme Platform: The upcoming Meme platform will provide a dedicated space for meme-related activities, potentially attracting a large user base. These features have a wide range of use cases, including: Token Launch: Projects can use DODO's one-click token issuance to launch their tokens on multiple blockchains.Liquidity Provision: Users can provide liquidity to various pools, earning fees in the process.Stablecoin Trading: The Pegged Pool feature can be used to trade stablecoins with other assets.Meme-Related Activities: The Meme platform will provide a space for creating, sharing, and trading memes. The Meme Sector Boom and DODO's Potential The booming meme sector presents a significant opportunity for DODO. Its multi-chain one-click token issuance feature and the upcoming Meme platform could attract a surge in traffic from projects and users in this space. Many meme coins are launched quickly and have a short lifespan, making DODO's efficient token issuance process particularly appealing. Supporting BTCFi Assets and Meme Coins DODO's various features can play a crucial role in supporting the development of BTCFi assets and meme coins: One-Click Token Issuance: Projects can use this feature to launch BTCFi assets and meme coins on different blockchains.Self-Initiated Mining: Users can create mining pools for BTCFi assets and meme coins, providing liquidity to these markets.Pegged Pool: The Pegged Pool feature can be used to create stablecoins pegged to BTC or other assets, which can be used in BTCFi applications. DODO's Competitive Advantage Compared to other DEXs, DODO's lower market cap and backing from top institutions give it a significant competitive advantage. Its smaller size means it has more room to grow, and the support of established institutions can provide it with access to resources and credibility. #DODOEmpowersMemeIssuance
News analysis Expectations of Fed rate cuts: According to CME's "Fed Watch", the probability of a 25 basis point rate cut by November 8 is 94.1%, and the probability of maintaining the current interest rate unchanged is 5.9%. This shows that the market generally expects a rate cut, which may have a positive impact on crypto assets such as Bitcoin.
Bitcoin price prediction: Geoff Kendrick, head of digital asset research at Standard Chartered Bank, expects Bitcoin to reach $73,800 before the US presidential election on November 5, up 12% from the current level. This forecast may attract more investors to pay attention to Bitcoin
Italian cryptocurrency tax policy: Italy plans to increase capital gains tax on cryptocurrencies such as Bitcoin from 26% to 42%. This policy may have a negative impact on market sentiment, especially on investor confidence.
Market dynamics analysis Fund liquidity: The current market liquidity is poor, and the overall volume cannot keep up, resulting in the main Bitcoin market, and other altcoins are mediocre. When Bitcoin is fine-tuned, altcoins tend to fall back to the origin.
Ethereum performance: Recently, the trend of Ethereum (Ethereum) has been significantly stronger than Bitcoin, and there may be opportunities for catch-up gains. It is recommended to hold chips at low prices to avoid chasing the rise.
Healthy trend of altcoins: altcoins with healthy daily trend, such as Audi in the inscription sector, Floki in the meme sector, GALA in the game sector, and the recently popular RWA sector, can all be the objects of medium and long-term attention.
If you want to know specific opportunities and specific decisions, welcome everyone to follow Changkong, click on the avatar to view the text, and teach you how to make money in the bull market and earn coins in the bear market. #Meme浪潮持续,你看好哪一个? #BTC突破6W8 #BTC能否站稳6W6 #美国大选如何影响加密产业? #BNB涨至600
Traders of interest rate derivatives predict significant rate cuts by the end of next year, with most institutions expecting the Fed's first rate cut to occur in June 2024 ¹. The total amount of interest rate cuts forecasted for 2024 is around 100 to 125 basis points, which would bring the Federal Funds Rate to approximately 4-4.25% ¹. However, some institutions like UBS, Bank of America, and Goldman Sachs expect the first rate cut as early as March ¹.
*Institutional Forecasts for Interest Rate Cuts in 2024:*
- _J.P. Morgan_: First rate cut in June, total cuts of 100-125 basis points - _Deutsche Bank_: First rate cut in June, total cuts of 100-125 basis points - _Morgan Stanley_: First rate cut in June, total cuts of 100-125 basis points - _UBS_: First rate cut in March, total cuts of 100-125 basis points - _Bank of America_: First rate cut in March, total cuts of 100-125 basis points - _Goldman Sachs_: First rate cut in March, total cuts of 100-125 basis points
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Interest Rate Derivatives Traders Predict Significant Rate Cuts By End Of Next Year
According to PANews, interest rate derivatives traders now anticipate that the benchmark interest rate will drop to approximately 2.75% by the end of next year, down from the current rate of around 5.25%. This projection implies ten rate cuts, each by 25 basis points. The Federal Reserve is likely to implement such measures only in the event of an economic recession. While few on Wall Street foresee an imminent recession, most agree that the risk of an economic downturn is higher now compared to several months ago.