1. The Fed cut interest rates by 50 basis points, and BTC broke through $62,500: A new cycle is opening
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 US stocks and spot gold. What is most worth looking forward to is that experts from multiple institutions said that the 50 basis point rate cut in September is just the beginning, and it is still possible to continue to cut interest rates this year, and the cumulative rate cut may be 76 basis points by the end of 2024. Click to read
2. Kyle Samani Token2049 Speech: Why Solana will surpass Ethereum
With the rapid development of blockchain technology, Ethereum has made great achievements as a leader in the industry. However, after 9 years of development, Ethereum took 5 years to determine the expansion plan and another 7 years to complete the transformation from Proof of Work (PoW) to Proof of Stake (PoS). Ethereum has never made it clear what it wants to be. The expansion plan keeps changing and there is no clear direction. Click to read
3. Variant Partners: What stablecoin entrepreneurial opportunities can credit card networks reveal
Stablecoins are the most transformative form of payment since credit cards, changing the way money moves. With low cross-border fees, near-instant settlement, and global accessibility, stablecoins have the power to revolutionize the financial system. For those who custody dollar deposits that support digital assets, stablecoins can also be very profitable businesses. Click to read
4. Cutting interest rates by 50 basis points, the Federal Reserve cut interest rates for the first time in more than four years, and the six chief analysts of the world's top institutions
At 2 a.m. Beijing time on September 19, the Federal Open Market Committee of the Federal Reserve (hereinafter referred to as FOMC) announced that it would cut the federal funds rate by 50 basis points to 4.75%~5.00%, exceeding market expectations and starting the first interest rate cut since March 16, 2020. Click to read
5. Will the interest rate cut restart the bull market in cryptocurrencies?
The Federal Reserve just announced a rate cut, the first since the outbreak, and as expected, a sharp 50 basis point cut. This long-awaited decision immediately sparked excitement among stock and cryptocurrency investors. Click to read