headlines
▌The Federal Reserve raised interest rates by 75 basis points to a new high since 2008
The Federal Reserve raised interest rates by 75 basis points to raise the benchmark interest rate to the range of 3.00%-3.25%, and the interest rate level rose to a new high since 2008. After the Federal Reserve announced a 75 basis point rate hike, U.S. stocks fell short-term, and the three major U.S. stock indexes quickly turned down. The U.S. dollar index DXY rose 60 points in the short term, reaching a maximum of 111.66. In the short-term, Bitcoin fell by $1,100 to a minimum of $18,713 per coin, and now it has risen to $19,131 per coin.
▌The Fed is expected to raise interest rates by at least 75 basis points in 2022 and will not cut interest rates until 2024
The September dot plot of the Federal Reserve FOMC shows that the Fed expects to raise interest rates by at least 75 basis points in 2022 and will not cut interest rates until 2024.
cryptocurrency
▌Tether has agreed to provide documents to prove USDT reserves
Tether has agreed to provide documents to prove the USDT reserves, saying that the dispute only concerns the scope of the documents to be provided. Tether stated that the order issued by the court is only a routine order and does not prove the plaintiff's baseless claims. Jinse Finance previously reported that Tether, a stablecoin issuer, has been asked by a U.S. judge to provide financial records related to supporting USDT, including "general ledger, balance sheet, income statement, cash flow statement, and income statement", as well as Tether's support for other cryptocurrencies or stablecoins. Coin transaction or transfer records.
▌Bank of America CEO will explain digital investment and cryptocurrency at a congressional hearing
Bank of America (BAC.US) Chief Executive Brian Moynihan will discuss topics including the bank's deep involvement in digital investing and cryptocurrency research at a House Financial Services Committee hearing on Wednesday. According to prepared testimony, Moynihan will highlight Bank of America's $3.5 billion investment plan through 2022 aimed at enhancing the bank's platform, funding next-generation projects and extending its digital leadership into the future. In the area of cryptocurrencies, he said: By carefully screening clients, we are in dialogue with select companies integrated into the digital asset ecosystem on financing, M&A and other banking services. It is also exploring the use of this blockchain technology in multiple areas, including tokenizing internal customer documents, instant cross-border payments, bank accounts. And it's also looking for ways to get employees to earn money faster.
▌Bloomberg senior strategist said that the price of Bitcoin is now extremely "discounted"
In his analysis of the current situation in the financial market, Bloomberg senior strategist Mike McGlone pointed out that Bitcoin and US Treasury bonds are currently the two safest assets and are currently at extremely low prices. He used the word "discount" in his statement to refer to the current prices of these assets.
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