若梦

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The bull market is coming, a new round of bull market is coming, sit tight and take off

#核心CPI回落

Welfare for Fur Lovers is here~ Big things are happening in the Bitcoin ecosystem 🚀

Recently discovered a great opportunity in the Bitcoin ecosystem, this project should be very familiar to everyone, called Bitlayer Labs, and now this project is holding the third phase of the Head Mining Festival.

🌟Funding Information
The project has received investments from institutions such as Polychain, Framework, GSR, with a total funding amount of 25 million USD!

🌟Event Highlights
This phase of the event is jointly launched by the official team along with five ecological projects: RollDex, Jasper Vault, DeSyn Protocol, Avalon Labs, and Lorenzo Protocol, themed “Treasure Chest Battle”, providing users with a total of 10 million $BTR tokens, ecological project airdrops, and Bitlayer ecosystem joint badge rewards among other multiple rewards.

The third phase of the Head Mining Festival has many airdrop activities and also launched exclusive airdrops, each treasure chest contains $BTR tokens.

Currently, the average number of BTR tokens opened per box is higher than the number of BTR tokens opened from task chests, with an annualized return rate very high, estimated at around 400%-900% based on different TGE levels of FDV.

The airdrop benefits are quite good, join in quickly! 🔥

#Bitlayer Head Mining Festival

It's today! "Bit Star Wars" launches on November 6th with a bang 🚀🚀🚀

🌟Game Highlights:
1. Deep Tide Chain Game Top 25 recommendation, rich rewards!
2. Unlimited freebie events are now open, everyone can earn at least $6!
3. Upcoming empowering NFTs, earn money easily while playing games!
4. Strong support from Binance Chain, let you start a new chapter in chain game mining!

🥳What are you waiting for? Join us for an adventure

👉Join now to experience it

#gamefi #BitStarWars #bitstarw

Bitstar Wars @BitstarW officially launches on November 6, let's go! 💪

A SLG game based on the Binance chain, combining the core gameplay of Bitcoin mining, bringing a unique experience of mining machine trading and NFT rewards! It was recommended as one of the Top 25 in the Deep Tide blockchain games last year. Participate to easily earn, with a minimum reward of 6 USD, and plenty of launch events waiting for you to explore!

No thresholds and no need to spend money, perfect for beginners, let's get started quickly! 🚀

Join the official TG for more exclusive tasks and daily activities! 🔥

#BitstarWars #bitstarw

🚀Bitstar War pre-download is open, with rich chain game benefits waiting for you to seize! This is an SLG game based on the Binance chain, and pre-download has now begun. The game combines the core gameplay of Bitcoin mining, offering a unique mining machine trading and NFT reward experience, with real and considerable earnings!

🎁 New User Benefits
New users receive 6U: Just register simply to obtain a 6U reward, allowing you to easily start your chain game journey!

TG group benefits, get exclusive tasks and daily activity updates to ensure you don't miss any earning opportunities!

📅 Important Server Opening Information
Pre-download has begun, and the official server opening time is November 6th. Hurry and join the TG group, follow the official Twitter @BitstarW for the latest event information, and be among the first to experience the brand new chain game experience brought by Bitstar War!

#gamefi #BitstarWar #bitstarw

BitStarWar is finally online! 🚀

A labor of love meticulously prepared by the project team for 5 years, providing users with an unprecedented excellent experience in both graphics and smoothness. It has high playability, rivaling web2 games, adding another masterpiece to the #gamefi track 💪

🔥 Last year, BitStarWar was selected as one of the top 25 chain games by Deep Tide, and it is about to officially launch with an ultra-high reward activity! Just by participating in the game, you can receive a minimum reward of $6, and various leaderboard activities are waiting for you to compete for prizes.

In the future, NFT empowerment will be issued, completely different from past chain games that required top-ups to play. After multiple version refinements, the playability of this game has significantly improved, making it suitable for both casual entertainment and easy profit earning.

⏰ Officially launching on November 6, now open for pre-download.

Since the Federal Reserve's sharp interest rate cut in mid-September and China's economic stimulus package, Bitcoin's price has seen a strong rise, successfully breaking out of the previous downward trend. As Bitcoin breaks through the $65,000 mark, market sentiment is more optimistic, and 10x Research predicts that its price will quickly rise to $70,000 and may hit a record high in the short term.

Markus Thielen, founder of 10x Research, pointed out that the Federal Reserve's stablecoin minting increased significantly after the July meeting. Although the Federal Reserve announced that it would maintain interest rates unchanged at the time, it clearly hinted that a looser monetary policy might be adopted in September. This expectation has driven activity in the stablecoin market, and in the following weeks, the minting of stablecoins has approached $10 billion, injecting a lot of liquidity into the cryptocurrency market. This figure significantly exceeds the scale of spot ETF inflows, showing the market's strong reaction to the upcoming good news.

Among them, Circle's USDC stablecoin is particularly eye-catching. USDC has recently accounted for 40% of the entire stablecoin inflow, far higher than its usual market share. Markus Thielen believes that the surge in USDC minting may indicate that decentralized finance (DeFi) activity is picking up, which provides additional impetus to the entire cryptocurrency market.

Markus concluded that there is a high probability that the Bitcoin and cryptocurrency markets will see a strong rise in the fourth quarter of 2024, and the current market performance may only be the early stage of this wave of market. He warned that there may be significant price surges in the future, triggering more investors' FOMO (fear of missing out), further pushing the market higher.

Pay attention to $TON

The impact of the previous CEO incident should have passed, and the price of the currency has gradually stabilized. If Bitcoin stabilizes, it is estimated that it will surge upward. Let's go to 7u first.

In a rate cut earlier this month, the Fed cut interest rates by 50 basis points, far exceeding market expectations. In response, Musallem called on the Fed to resume the pace of "gradual" rate cuts to avoid the risks of excessive easing. He believes that the US economy may respond "very positively" to the current looser financial environment, which will in turn increase the pressure on demand growth and further extend the time for the Fed to achieve its 2% inflation target.

Musallem pointed out: "At this stage, the key is to appropriately relax the tightening of policies and gradually reduce restrictive measures on the economy." He believes that through this step-by-step approach, the Fed can better balance the relationship between supporting economic growth and curbing inflation. According to the economic forecast released by the Fed meeting this month, Musallem is one of the officials who expects to continue to cut interest rates by 25 basis points or more for the rest of the year.

This policy proposition reflects that some officials are optimistic about the economic outlook and believe that moderate easing policies can provide more momentum for the economy while avoiding excessive risks to inflation targets.

Market traders widely expect the Fed to cut interest rates again at its next meeting on Nov. 7, with bets currently focused on the possibility of a 50 basis point cut, according to the CME Group's FedWatch tool. This expectation reflects the market's demand for economic stimulus and expectations for the Fed's easing policy, especially in the context of insufficient economic recovery. And this potential change in monetary policy would have a particularly significant impact on the cryptocurrency market.
On Thursday, the price of Bitcoin broke through the $65,000 mark, a price surge that may have been driven by the economic stimulus policies launched in the country. As Bitcoin prices climb, investor interest in U.S. spot Bitcoin ETFs has also reignited. Although ETF inflows have been weak or even negative in previous weeks due to volatile Bitcoin prices, market sentiment has improved significantly recently. According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) ushered in large-scale capital inflows on Wednesday, with a single-day injection of US$185 million, a significant increase from US$98.9 million the previous day. increase. This huge inflow marks a return of investor confidence in the Bitcoin market.
In the previous weeks of weak Bitcoin prices, inflows into IBIT funds have been largely flat and sometimes negative, reflecting investors' wait-and-see approach amid uncertain market conditions. However, as Bitcoin prices rebounded strongly, especially after breaking through the $65,000 mark, institutional investors re-increased their allocations to Bitcoin. This not only reflects the market’s optimistic expectations for Bitcoin price increases, but also shows investors’ desire to hedge potential macroeconomic risks through crypto assets.
In addition, as the Federal Reserve gradually eases monetary policy, the market's preference for riskier assets may also continue to rise. Rate-cutting policies typically push up the prices of risk assets, and high-beta assets, including cryptocurrencies, are likely to be the main beneficiaries of inflows. With the gradual implementation of economic stimulus policies, the upward trend in Bitcoin prices is expected to continue, and capital inflows into spot Bitcoin ETFs may also accelerate further.

The Federal Reserve postponed a key rate cut decision until September, sparking a surge in the cryptocurrency market. At the same time, the issuance of stablecoins in the market has increased dramatically, with nearly $10 billion of stablecoins expected to flow into the market in the coming weeks. The scale of this liquidity influx far exceeds the liquidity of Bitcoin ETFs, injecting new vitality into the crypto market. While Circle typically serves more regulated institutional investors, the recent surge in stablecoin inflows to 40% shows an increase in allocations by large market participants. This trend may also reflect the rise in DeFi (decentralized finance) activities, especially the increase in USDC minting.
So far this year, stablecoin inflows have reached $35 billion, bringing the total value of stablecoins in circulation to $160 billion. After the July FOMC (Federal Open Market Committee) meeting, U.S. bond yields fell sharply, with the 10-year U.S. Treasury yield falling below the key threshold of 4.0%, which directly promoted the recovery of DeFi activities. In August in particular, Aave's monthly lending platform fees reached $43 million, surpassing the peak of $42 million in March 2024. Although DeFi activity slowed in September, activity and platform fees are expected to rebound in the coming months as the Federal Reserve may be about to cut interest rates.
The market structure has also changed significantly after last week's FOMC meeting. Bitcoin's market dominance has begun to weaken, while Ethereum's gas fees have soared, reflecting a significant increase in altcoin activity. If the Fed continues to maintain its attitude of cutting interest rates, investors' interest in high-beta altcoins may rise further. Retail cryptocurrency trading activity is also on the rise in South Korea in particular, with daily trading volumes currently stabilizing at around $2 billion. Although it has dropped from $13 billion in early March 2024, altcoin trading volume has exceeded Bitcoin's market share in the past week.

The TON network has demonstrated significant growth momentum since August 2021, especially its ability to handle high throughput, making it excellent in terms of scalability. Its in-depth cooperation with the Telegram instant messaging platform has accelerated this growth process, allowing the TON network to take advantage of this huge user group to further enhance its influence and user base. The technical architecture of the TON network ensures efficient processing of large volumes of transactions and meets growing market demand.

However, the clear gap between the TON network’s market cap and circulating supply is worth noting. This gap may indicate that a significant portion of the network’s tokens are locked or held for the long term, which limits market liquidity to a certain extent. This phenomenon is not uncommon in the crypto market and often has an impact on a coin’s short-term price fluctuations. Despite this, there is still a certain correlation between the market capitalization of the TON network and the circulating supply, implying that although some tokens are locked or held for a long time, the supply circulating in the market still plays an important role in valuation. Participate in the price discovery process of the market.

An interesting point was made by market analyst Moodley, who suggested using the "average market capitalization to price ratio" as a proxy measure of speculative behavior. He explained, “When there is a significant deviation between market cap and price, it may mean that the market’s valuation of the token is divorced from its underlying value, showing signs of excessive speculation.” Conversely, when market cap and price remain closely aligned , often indicates that the market's valuation is more rational and the price is closer to the fundamental performance of the token.

Overall, the rapid development of the TON network and the interaction of its market capitalization and supply provide investors with a wealth of market information. In the future, as more tokens are unlocked and market demand grows, TON's liquidity and valuation may be further adjusted, making its market performance more stable and transparent.

The Fed's recent rate cut decision has sparked widespread discussion in the market. The rate cut is considered "reactive" rather than forward-looking. Powell admitted that if the Fed had seen the employment data for the month before the July meeting, it might have made the decision to cut rates earlier. Data released two days after the July meeting showed that the US unemployment rate climbed to 4.3%, which raised market concerns that the Fed may have waited too long to act.
Analysts point out that the Fed must rely on a strong forward-looking framework rather than passively relying on economic data. But unfortunately, the Fed's policy decisions have not met this standard so far. Another challenge facing Powell is that Wall Street's expectations for future rate cuts far exceed the forecasts of Fed policymakers. According to the latest market analysis, policymakers expect the Fed to cut interest rates twice more by 25 basis points each before the end of 2024, and another four times in 2025.

Inside the Fed, members of the rate-setting committee disagree on the path of rate cuts for the rest of the year. Seven policymakers supported another 25 basis point cut by the end of the year, while nine members supported an additional 50 basis point cut. Meanwhile, two policymakers did not expect any more rate cuts this year. This shows that there are significant differences of opinion within the Fed, especially on the pace and intensity of responding to the current economic situation.

Nevertheless, in order to prevent the job market from deteriorating further, some policymakers may support a larger rate cut this month. The current interest rate path shows that some Fed officials may prefer to cut interest rates by 50 basis points rather than 25 basis points to increase support for the economy and reduce pressure on the job market. This also reflects that the Fed has to seek greater balance and compromise in its decision-making in the face of economic slowdown and inflationary pressures.

This policy uncertainty not only keeps financial markets highly nervous, but also exacerbates doubts about whether the Fed can effectively guide the US economy to avoid recession. As more economic data is released in the coming months, the challenges facing Powell and his team will undoubtedly become more complicated. They need to find the right policy intensity and timing between economic slowdown and maintaining employment.

Last week, the Federal Reserve announced a 50 basis point rate cut, the first rate cut in more than four years. Coupled with the previous rate cuts by many major central banks around the world, the market's expectations for a gradual decline in global interest rates have been further strengthened. This loose monetary policy environment is not only conducive to the investment atmosphere in the financial market, but also helps to optimize the business environment of industry and commerce. Especially under the linked exchange rate system, Hong Kong's interest rate trend is expected to follow the pace of the United States. However, the speed and magnitude of the adjustment of Hong Kong's local interest rates will still depend on the specific capital flows in the market and the local economic situation.

Against the backdrop of the global environment gradually turning relatively favorable, the Hong Kong market needs to seize the opportunity to further enhance its global appeal. Especially as investors' risk appetite gradually recovers and they pursue higher returns, Hong Kong can inject new vitality into the local market by expanding broader and more diversified sources of funds. Since the first exchange-traded fund (ETF) tracking Saudi Arabian stocks in the Asia-Pacific region was listed in Hong Kong at the end of last year, the global attention to the Hong Kong market has continued to increase. Recently, the Saudi Capital Market Authority also announced the approval of the first ETF investing in Hong Kong stocks to be listed on the Saudi Stock Exchange. This means that funds from the Middle East, especially Saudi Arabia, can more conveniently invest in Hong Kong-listed stocks, further strengthening the linkage between the two capital markets.

Hong Kong will continue to increase its efforts in the future to promote in traditional and emerging markets and seek more cooperation opportunities. As global interest rates enter a downward cycle, Hong Kong is expected to further promote the development of the local capital market by leveraging funds from different markets around the world. This will not only help consolidate Hong Kong's position as an international financial center, but also provide investors with more diversified choices and more lucrative return potential. In this process, Hong Kong will continue to be committed to promoting innovation and diversification of the capital market to ensure its competitiveness and influence in the global financial landscape.

The interest rate cut policy recently announced by the Federal Reserve has quickly attracted widespread attention from the global financial market. This macroeconomic change has not only had a significant impact on the traditional financial market, but also brought new opportunities to the digital asset field. As the world's leading Web2.5 intelligent digital asset trading platform, XEX responded to this trend in a timely manner and believed that the interest rate cut policy will have a profound impact on the digital asset market, especially in terms of enhanced liquidity and rising market risk appetite, providing more investors with favorable conditions for participating in digital asset trading.
XEX combines cutting-edge intelligent technology with Web2.5 architecture and is committed to providing global users with a safe, convenient and efficient trading platform. Through the intelligent trading system, the platform dynamically adjusts the risk control mechanism to ensure that users are provided with a robust trading experience in a volatile market environment. The interest rate cut policy has released liquidity in the market and encouraged more funds to enter the high-return digital asset market, which will undoubtedly stimulate investors' interest. XEX will actively seize this opportunity to optimize the platform's trading mechanism and enhance users' trading experience.
In the face of the current changes in the global economic environment, XEX insists on technological innovation and continuously iterates and upgrades platform functions. Through data analysis, intelligent trading and automated risk control methods, XEX creates more value-added opportunities for users. With the implementation of the Fed’s interest rate cut policy, the global digital asset market will usher in a new wave of development. XEX will continue to help investors discover more opportunities in the new era of digital finance, maximize the dividends brought by market fluctuations, and welcome a broader digital asset investment prospect.

Amid the current backdrop of increased global economic uncertainty, investor sentiment is being hit by a double whammy of weaker economic indicators and geopolitical complexities. Aruliah mentioned in an emailed statement that the general slowdown in the global economy has weakened market confidence, and although the Fed's recent announcement of a 0.5% cut in the policy rate may boost the cryptocurrency market in the short term, investors should remain highly vigilant in the face of potential challenges posed by economic uncertainty and market volatility.
Meanwhile, BitMEX co-founder Arthur Hayes expressed a different view on the Fed's rate cut policy in an interview. He believes that the 50 basis point rate cut is unnecessary, and while it may trigger a market rebound in the short term, in the long run, such a policy will expose deeper problems in the global financial system and may even lead to a further decline in asset prices. He warned that while the rate cut may temporarily ease market pressure, it will not solve the structural problems within the financial system, but may instead lay the groundwork for greater risks in the future.

As the global financial system becomes increasingly dependent on stablecoins, they have become a financial force that cannot be ignored. According to the latest report, stablecoins are now the 18th largest holder of U.S. Treasuries, demonstrating their growing importance in the global capital market. After a brief drop in supply in 2023, stablecoin issuance has recovered to an all-time high of $170 billion. Monthly payments on the chain have doubled over the past 12 months, reaching a staggering $1.4 trillion in July, indicating a growing demand for this form of cryptocurrency.
Analysts led by Gautam Chhugani point out that stablecoins have become a new way for international users to access U.S. dollar savings, facilitating the spread of digital dollars around the world. In this way, the digital form of the dollar is no longer limited to the United States, but is rapidly spreading to global markets through stablecoins. This phenomenon shows that stablecoins have gone beyond the concept of pure cryptocurrency and have become an important part of the global financial ecosystem.
At the same time, stablecoins are increasingly being integrated with payment and fintech companies. Global payment platforms such as PayPal, MercadoLibre and Grab have begun to introduce the use of stablecoins to meet users' cross-border payment needs. This integration not only makes stablecoins more widely used in daily payment scenarios, but also promotes their further development in the global fintech field. By embedding stablecoins into the payment system, users can conduct international transactions and store value operations more conveniently, greatly enhancing user experience and payment efficiency.
In addition, the importance of stablecoins in cross-border payments is becoming increasingly prominent. Bernstein's analysis points out that the US dollar stablecoin based on the crypto track has become one of the cheapest cross-border payment methods. Compared with traditional cross-border payment channels, the use of stablecoins can significantly reduce fees while increasing the speed and transparency of fund transfers. This is very attractive to businesses and individuals who rely on international payments, especially when dealing with small cross-border transactions, the advantages of stablecoins are more obvious.

Judging from the Federal Reserve's interest rate resolution, a sharp 50 basis points interest rate cut in September 2024 is more aggressive than many market participants and analysts expected. This move not only shows that the Fed is adjusting its monetary policy stance, but also highlights its deep concern about the current economic situation. The monetary policy statement made it clear that recent inflation data gave policymakers confidence in achieving their long-term inflation target of 2%, providing the basis for the Fed to take bolder action to cut interest rates. However, the driving force behind this decision is not only the fall in inflation, but also the Federal Reserve's great emphasis on the job market.
This interest rate resolution shows that the Fed's response function has undergone a significant change, and the focus has gradually shifted from the previous policy direction of suppressing inflation to paying more attention to the health of the job market. We believe this is a strong signal that the Fed has a very low tolerance for rising unemployment. Policymakers are clearly unwilling to take any risk in undermining what they describe as a "soft landing" prospect. This view was further bolstered by comments from Powell, who made it clear at a post-meeting press conference that the Fed would closely monitor the performance of the job market and could trigger more rate cuts in the future if the unemployment rate exceeds 4.4%.
This policy attitude indicates that until there is no obvious signal of stability in the job market, the Fed will maintain a "dovish" stance and be prepared to take more easing measures to ensure that the economy continues to move towards a soft landing. This stance is in sharp contrast to the Fed's "hawkish" stance over the past year in response to high inflation and reflects a shift in policy priorities.
Looking forward, as the Federal Reserve adopts more significant interest rate cuts, the possibility of achieving a soft landing for the economy in the short term has increased. A soft landing means reducing inflation to target levels without significantly damaging economic growth while keeping the job market robust. The Fed clearly hopes to use this rate cut to prevent the economy from slowing down too much and thereby avoiding a recession or a sharp increase in unemployment.

The Federal Reserve unexpectedly cut interest rates by 50 basis points at its September 2024 interest rate meeting, exceeding some market expectations. This move demonstrates the Fed's confidence that inflation is effectively under control and also hopes to provide further support to the job market. Compared with the previous meeting, the meeting statement has undergone significant changes, reflecting the Fed's optimism about the economic situation.

According to the latest dot plot, the Fed expects its target rate center will fall to 4.4% this year, well below the 5.1% target at the June 2024 meeting. At the same time, the Federal Reserve also lowered its interest rate target for next year, indicating that it may adopt a more loose stance on future policy paths. However, Fed Chairman Powell once again emphasized at the press conference that there is no fixed preset path for future interest rate cuts, and policy adjustments will still depend on the performance of economic data and market dynamics from meeting to meeting. He also noted that despite the current positive economic outlook, policy flexibility remains critical.

In his speech, Powell was full of confidence in the U.S. economy and job market, and was still trying to maintain the vision of a "soft landing" that would avoid entering a recession if economic growth slows. We believe that this 50 basis point interest rate cut is a precautionary measure. The Federal Reserve hopes to continue to maintain stable economic growth and robust performance of the job market by taking early action. This also provides more room for flexibility in subsequent policies, with the Fed expected to make two more 25 basis point interest rate cuts during the year.

After interest rate cut expectations are realized, the short-term market may return to a "soft landing" trading mode. The downward space for U.S. bond interest rates is expected to be limited. As the market continues to digest the impact of this interest rate cut, the volatility of the U.S. stock market is likely to remain at a high level. However, certain sectors may benefit from this backdrop, such as biotech and real estate, which typically perform strongly during "soft landing" rate-cutting cycles.