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Powell stated that inflation still faces upward pressure in the short term, while employment is facing downside risks. The current situation is quite challenging, and there remains significant disagreement within the committee regarding whether to cut rates again in December; a rate cut is not a foregone conclusion. Some FOMC members believe it is time to pause. Powell also mentioned that higher tariffs are driving up prices in certain categories of goods, leading to an overall increase in inflation.
Federal Reserve Chairman Powell stated that a rate cut in December is not inevitable, leading to a significant decrease in market expectations for rate cuts and a decline in risk assets. The crypto market also dropped as a result, with bitcoin falling below $110,000. The trading volume of Bitwise Solana ETF continues to grow. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still being iteratively updated.
Powell clearly indicated that a rate cut in December is not certain, with hawkish sentiment "awakening"! International trade sentiment is improving, and gold prices remain highly volatile. The Gaza ceasefire remains fragile, while Japan-U.S. relations are entering a "golden era." Nvidia's market value surpasses 5 trillions! Which exciting market moves did you miss this week?
Michael Saylor’s Strategy boosts STRC dividends to 10.5% as Bitcoin treasury firms lose $20 billion amid October selloff.
- 04:25A whale is repeatedly borrowing to go long on WBTC, with an average price of $85,376.5According to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a whale investor (wallet address 0xaFA...f7731) withdrew 150 WBTC from an exchange today, then staked them on the Aave platform and borrowed 6 million USDC, suspected to have bought another 150 WBTC. Currently, this investor has accumulated a long position in WBTC worth 25.75 million US dollars, with an average long entry price of 85,376.5 US dollars.
- 03:42Hong Kong Financial Secretary Paul Chan: Hong Kong has become a safe haven for capital, and several international institutions plan to increase their staffJinse Finance reported that Paul Chan, Financial Secretary of the Hong Kong SAR Government, stated in his blog that, due to geopolitical situations, global investors are reassessing the risks of their asset portfolios, adjusting investment strategies, and diversifying risks, making Hong Kong a safe haven for capital. After a 7% increase in total bank deposits in Hong Kong last year, this year has seen a further rise of over 10%, exceeding HKD 19 trillion; IPO fundraising activities are leading globally, the wealth management industry is booming, and financial cooperation with various parts of the world continues to deepen, all reflecting international capital's favor towards the Hong Kong market. Since the beginning of this year, several major IPOs have attracted many cornerstone investors from the West and even the Middle East. Recently, many international financial leaders attending conferences in Hong Kong have stated that their institutions are planning to increase hiring and expand their operations in Hong Kong.
- 03:42The average Fear and Greed Index over the past week was only 10, indicating the market remains in a state of extreme fear.Jinse Finance reported, according to Alternative data, today the cryptocurrency Fear & Greed Index is at 13 (compared to 11 yesterday), with last week's average at 10, indicating the market sentiment is in an extreme fear state. Note: The Fear & Greed Index ranges from 0-100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + bitcoin's proportion in the overall market (10%) + Google trending keywords analysis (10%).