What happened last night:

The Fed finally chose to raise interest rates by 25BP, and said in a subsequent press conference that it would not cut interest rates during the year, which actually means that it has begun to relax. The market will start to speculate on interest rate cuts in the third quarter at the latest. At the same time, the U.S. dollar index has returned to 100, indicating that the market is not optimistic about expectations for continued interest rate increases. Yellen, on the other hand, was more amusing and told a ghost story about not considering full deposit insurance, which caused the second round of slump in small bank stocks. The fundamental problem caused by high interest rates was not solved, but it only added fuel to the fire.

Brother Sun and Coinbase in the currency circle were investigated, and WSJ hacked Tether again. It is a boring thing. It doesn’t matter whether Brother Sun has something to do. Brother Sun will solve it. There is a high probability that CB will have to fight with the SEC at the court level. (80% win, 20% lose, but the period will be long).