Must-read 5 articles in the evening | Will interest rate cuts restart the Bull Market for Cryptocurrency?

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1. The Federal Reserve cuts interest rates by 50 basis points, BTC breaks through $62,500: a new cycle is starting

On September 19th, Beijing time, the Federal Reserve officially announced a 50 basis point cut in the federal funds Interest Rate to 4.75%-5.00%, marking the first rate cut since March 2020. In response to the news of the rate cut, the crypto market surged, with BTC breaking through $62500, outperforming the US stock market and Spot gold in terms of gains. What is even more anticipated is that longer institutional experts have indicated that the 50 basis point rate cut in September is just the beginning, and there may still be further rate cuts within the year, accumulating to 76 basis points by the end of 2024. Click to read more

2. Kyle Samani Token2049 Speech: Why Solana Will Surpass Ethereum

With the rapid development of blockchain technology, Ethereum, as a leader in the industry, has achieved great success. However, after 9 years of development, it took 5 years to determine the expansion plan and another 7 years to complete the transition from Proof of Work (PoW) to Proof of Stake (PoS). Ethereum has never been clear about what it wants to be. The expansion plan keeps changing without a clear direction. Click to read more.

3.Variant Partner: What Stablecoin Entrepreneurial Opportunities Can Credit Card Networks Reveal

Stablecoin is the most revolutionary form of payment since credit cards, changing the way funds flow. Due to low cross-border fees, near-instant settlement, and global accessibility, stablecoin has the ability to transform the financial system. For those who hold US dollar deposits supported by digital assets, stablecoin can also be a very profitable business. Click to read.

4. Fed cuts rates by 50 basis points for the first time in over four years, six top institutions' chief assessment globally

At 2 a.m. Beijing time on September 19, the Federal Open Market Committee (FOMC) of the Federal Reserve announced a 50 basis point reduction in the federal funds Intrerest Rate to 4.75%~5.00%, exceeding market expectations, marking the first rate cut since March 16, 2020. Click to read

5. Will rate cuts restart the Bull Market of Cryptocurrency?

The Federal Reserve just announced a rate cut, the first since the outbreak of the epidemic, as expected, slashing 50 basis points. This long-awaited decision immediately sparked excitement among stock and Crypto Assets investors. Click to read

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