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- 07:07Stables Labs Now Live on Base Network with Cross-Chain Support from AxelarAccording to Jinse Finance, Stables Labs, the developer behind the stablecoin issuance protocol usdx.money, has announced that it is now live on the Base network. In collaboration with cross-chain interoperability protocols Axelar and Squid, Stables Labs is providing seamless cross-chain access for USDX and sUSDX on the Base chain.
- 07:01Commerzbank: US Rate Cut Sentiment May PersistAccording to a report by Jinse Finance, Rainer Guntermann from the Research Department of Commerzbank stated that the renewed sentiment for rate cuts in the United States may persist. The interest rate strategist noted that following last Friday’s disappointing labor market report, this week’s U.S. data calendar is relatively light and unlikely to change this trend. He said, “Additionally, the Federal Reserve appears to be paying more attention to downside risks to economic growth, even though its latest comments still sound cautiously balanced, while price risks from tariffs remain.” After the release of weak nonfarm payroll data, the market has increased its expectations for a Fed rate cut in September. According to LSEG data, market pricing currently reflects an 86% probability of a 25-basis-point rate cut in September.
- 07:01Matrixport: Risk Assets May Remain Weak Until Economic and Market Fundamentals ImproveAccording to Jinse Finance, Matrixport released today’s chart stating, “Over the past few weeks, we have repeatedly highlighted in ‘Matrixon Target’ and our daily updates that Bitcoin was approaching the critical technical support level of $112,000. Now, this support has been breached, and market sentiment is beginning to shift. Although there are still many bullish views, our previously cautious stance has gradually been validated. This round of decline is partly a continuation of the typical seasonal weakness seen in August, and partly influenced by macroeconomic uncertainty triggered by downward revisions in labor market data. A similar situation occurred at the same time last year, when the Federal Reserve, under market pressure, unexpectedly cut rates by 50 basis points. Given that the market has already priced in two rate cuts, with the first expected as early as September, we maintain our previous outlook: unless there is an improvement in economic and market fundamentals, risk assets may continue to show weak performance.”