#美联储维持利率不变 Financial Innovation or Another "Scythe Feast"?

Recently, the cryptocurrency market in the United States has gone crazy again, with a heightened speculative atmosphere and a flood of funds pouring into Bitcoin and Ethereum, while various "money-making talks" are flying everywhere. Wall Street tycoons and tech billionaires are charging in more aggressively than anyone else, as if the last round of explosions never happened.

The American-style "financial innovation" has always been a familiar flavor.

Looking back at history, the ways Americans speculate have basically remained unchanged:

The Internet bubble of the 1990s: Back then, people got rich overnight by speculating on tech stocks, and as a result, the Nasdaq crashed, leading to a bloodbath.

The 2008 subprime mortgage crisis: Financial elites played with derivatives, shouting "innovation," and in the end, the whole world footed the bill.

The crypto boom and bust of 2021: Institutions wildly speculated on Bitcoin, and the market collapsed, with retail investors falling like wheat.

This time, American capital has set its sights on cryptocurrency again, continuing to speculate on concepts and create bubbles, relying on "financial innovation" to harvest the market. But the question is: If this round of revelry ends, who will clean up the mess?

The U.S. government: Regulating in words, flooding in actions.

Regulatory agencies call every day to strengthen the regulation of the crypto market, but what about real action? When the capital market experiences a boom, they pretend not to see it.

With the expectation of interest rate cuts by the Federal Reserve and a flood of capital, cryptocurrency has once again become a playground for speculative capital, and the scythe for harvesting retail investors is already sharpened to a shine.

The horrific scenes of the last round of explosions with FTX, Luna, and Three Arrows Capital are still fresh in memory, and now Americans are starting their "new story" again.