1. The Federal Reserve lowered interest rates by 25 basis points, concluding its 2024 annual interest rate decision. The Fed decided to reduce the benchmark interest rate by 25 basis points to the range of 4.25%-4.50%, marking the third consecutive rate cut in line with expectations. Over eight decisions this year, the Fed has cumulatively lowered rates by 100 basis points, consisting of one 50 basis point cut, two 25 basis point cuts, and five instances of maintaining rates. 2. French legislators urge the EU to establish a strategic Bitcoin reserve. French Member of the European Parliament Sarah Knafo delivered a speech urging the EU to adopt a 'strategic Bitcoin reserve' as part of broader measures to promote financial autonomy and combat inflationary pressures. Knafo is a member of the French local judiciary and audit court, with a background in public service and political consulting. In her parliamentary remarks, Knafo cited global examples, including El Salvador's early adoption of Bitcoin, as well as statements from political figures like Trump and Federal Reserve Chairman Powell, emphasizing that the wave of institutional acceptance of Bitcoin is on the rise.
1. BTC breaks $108,000. Market shows that BTC breaks $108,000, currently reported at $108,038.75, with a 24-hour increase of 2.16%. 2. Galaxy CEO: It is expected that the market value of Bitcoin will exceed gold within 5 to 8 years. Galaxy Digital CEO Michael Novogratz posted on social media, stating that Bitcoin's market value is expected to exceed gold within 5 to 8 years. Galaxy Research Director Alex Thorn pointed out that Bitcoin's market value has reached 14% of gold's market value of $17.8 trillion, setting a historic high. 3. The Ohio House of Representatives has submitted a bill to establish a strategic Bitcoin reserve.