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Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 22:41The probability of a 25 basis point rate cut by the Federal Reserve in December is 39.6%According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 39.6%, while the probability of keeping rates unchanged is 60.4%. The probability that the Federal Reserve will cumulatively cut rates by 25 basis points by January next year is 50.2%, the probability of keeping rates unchanged is 29.7%, and the probability of a cumulative 50 basis point rate cut is 20.2%.
- 22:33Michael Selig, nominated by Trump, approved by Senate committee; CFTC chair appointment moves to full Senate voteJinse Finance reported that the U.S. Senate Agriculture Committee has approved Michael Selig, nominated by Trump, as the CFTC chairman by a vote of 12 to 11. During the hearing, senators focused on whether the CFTC needs a larger budget for crypto regulation, as well as the agency's independence and partisan balance. Selig stated that he would assess funding needs after taking office and emphasized the need to establish a clear regulatory framework that protects investors and supports crypto innovation.
- 22:23ETH rebounds and breaks through $2,900Jinse Finance reported that according to market data, ETH has rebounded and broken through $2,900, currently quoted at $2,900.29. The 24-hour decline has narrowed to 2.56%. The market is highly volatile, please manage your risks accordingly.