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  • 04:57
    Barclays and BNP Paribas Shift to Predict Fed Rate Cut in September
    According to a report by Jinse Finance, Barclays and BNP Paribas expect the Federal Reserve to cut interest rates by 25 basis points in September, citing a shift in Fed Chair Jerome Powell’s stance on rising labor market risks at the Jackson Hole meeting. Barclays now forecasts two 25-basis-point rate cuts in September and December this year, stating that Powell’s remarks introduced a “dovish bias” and raised the bar for not cutting rates. BNP Paribas has also changed its long-held view that the Fed would remain on hold, now predicting rate cuts in both September and December. “Powell made it clear that the Fed intends to make a ‘fine-tuning’ rate cut in September unless the data indicate otherwise.”
  • 04:42
    Machi Big Brother Opens Long Positions in BTC and ETH, with Total Position Value Exceeding $80 Million
    According to a report by Jinse Finance, on-chain analytics platform Lookonchain (@lookonchain) has monitored that Machi Big Brother is going long on Bitcoin with 40x leverage, holding 155 BTC valued at approximately $17.5 million. At the same time, he is also going long on Ethereum with 25x leverage, holding 15,300 ETH worth about $72 million.
  • 04:27
    Analyst: Bitcoin’s Near-Term Outlook May Depend on U.S. Economic Data
    According to a report by Jinse Finance, XS.com market analyst Linh Tran wrote that Bitcoin’s near-term outlook will largely depend on upcoming U.S. economic data releases, including preliminary GDP and core personal consumption expenditure inflation. If the data continues to indicate a slowing U.S. economy and easing inflation, the Federal Reserve will have more reason to initiate a rate-cutting cycle. “Such a scenario would create a liquidity-rich environment that favors a Bitcoin rebound,” Tran said. However, Tran added that if the data turns out to be unexpectedly “hot,” investors may maintain a defensive stance, prolonging the short-term pullback. (Jin10)
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