Let's talk about what Fully Homomorphic Encryption (FHE) is, what it's used for, and what projects are currently popular.
A few days ago, I researched the Mind Network project and have a few small insights to share. One, what is FHE? In simple terms, it means 'encrypted data can still be computed.' 1. Can perform calculations after encryption Imagine you have a locked box (encrypted data), and others can perform addition, subtraction, multiplication, and division inside without opening the box (not decrypting), and you just open the box to get the result. This is the brilliance of FHE. For example: you ask a friend to help calculate your salary, but you don't want them to know the specific number. You send them the encrypted salary, and they calculate directly on the encrypted data; you just decrypt the result, and they have no idea how much you earn.
The market has begun to stop following the US stock market, which is a good start. This circle should not have sought ETFs from the beginning; it should follow the path of securitization. Although this may affect capital inflows in the short term, it is important to maintain the original intention and preserve independence, which can better serve as a safe haven during economic downturns. I hope this upcoming global economic winter can bring the cryptocurrency space back to its essence.
It seems that everyone has not paid much attention to the words "slow down tapering". Slowing down tapering ≈ I want to inject liquidity, the next step stopping tapering ≈ I want to tighten liquidity injection, expanding the balance sheet and cutting interest rates ≈ All funds come in, this is good news.
This day has finally come. Chairman Powell is going to have a big night tonight! 👇
At 2 AM tonight, there will be a Federal Reserve interest rate meeting, followed by Powell's speech at 2:30.
We can be certain that the Federal Reserve will not cut interest rates this time, but they will release the future dot plot to express their expectations for interest rates for the remainder of the year, which is the key point.
Currently, the interest rate market believes that the Federal Reserve may increase the expectations from one rate cut in December's dot plot to three times. If it's three times, that's definitely good news. If it's two times, that's just barely acceptable. If they only cut rates once and keep it unchanged, that would be negative news.
Additionally, tonight we can pay attention to the Federal Reserve's cessation of QT tapering; the probability of announcing this news is also very high. Hope everything goes smoothly.
For short-term trading, Shuqin emphasized going long above the 80,000 support for Bitcoin. It reached 81,000 yesterday and started to rebound to 83,500. I wonder if everyone followed the trade? We've gained 2,000 points in profit, awesome! 😗
The United States has established reserves, but is not buying additional ones. I think this is definitely a positive development. Whether the United States will increase its holdings later due to competition is uncertain, but other countries will definitely compete to establish reserves.