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The market originally expected a "hawkish rate cut" from the Federal Reserve, but in reality, there were no additional dissenters, no higher dot plot, and the anticipated tough stance from Powell did not materialize.
Although this rate cut was as expected, there was an unusual split within the Federal Reserve, and it hinted at a possible prolonged pause in the future. At the same time, the Fed is stabilizing year-end liquidity by purchasing short-term bonds.
The surge in LUNA’s price and huge trading volume are not a result of fundamental recovery, but rather the market betting with real money on how long Do Kwon will be sentenced on the eve of his sentencing.
What have foreigners been most concerned about in the past 24 hours?
Cyber co-founder starts a new venture.
A cryptocurrency practitioner who once held libertarian ideals became disillusioned after reflecting on a career spent building "financial casinos," sparking a profound reflection on the divergence between the original aspirations and the current reality of the crypto space.
Powell pointed out that the U.S. labor market is cooling, with hiring and layoffs slowing down and the unemployment rate rising to 4.4%. Core PCE inflation remains above the 2% target, but service inflation is slowing. The Federal Reserve has cut interest rates by 25 basis points and started purchasing short-term Treasury bonds, emphasizing that the policy path needs to balance risks between employment and inflation. Future policies will be adjusted based on data. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
The surge in LUNA's price and the enormous trading volume were not a fundamental resurgence but rather the market placing a bet in the form of significant money and assets on the eve of Do Kwon's sentencing, speculating on how long he will be sentenced for.
While this interest rate cut was as expected, there was a rare internal Federal Reserve divergence, hinting at a potential extended pause in the future. At the same time, they stabilized year-end liquidity by purchasing short-term bonds.
RaveDAO is rapidly growing into an open cultural ecosystem driven by entertainment, becoming a key infrastructure for Web3 to achieve real-world adoption and mainstream breakthrough.
- 06:29In the past hour, a bullish whale has opened new long positions worth $2.28 million in SUI and $9.6 million in ETH.According to ChainCatcher, hyperbot data shows that the "Ironhead Bulls" whale has opened 1.47 million SUI long positions (approximately $2.28 million) and 3,000 ETH long positions (approximately $9.6 million) in the past hour, currently with unrealized losses of $15,000 and $38,000 respectively. In addition, their SEI long position has increased to 8,000,395 tokens, an increase of 2 million compared to the data monitored this morning, and is currently showing an unrealized profit of $12,000.
- 06:28Reuters survey: Bank of Japan expected to raise interest rates by 25 basis points in December, with rates reaching 1% by September next yearJinse Finance reported that a Reuters survey conducted from December 2 to 9 showed that the vast majority of economists expect the Bank of Japan to raise interest rates by 25 basis points to 0.75% at its December meeting, and to increase borrowing costs to at least 1% by the end of September next year. Previously, sources indicated that the Bank of Japan is expected to implement its first rate hike since January at the December meeting. Considering inflation risks and the weakness of the yen, the government led by Prime Minister Sanae Takaichi is expected to tolerate this decision. 90% of economists (63 out of 70) expect the Bank of Japan to raise the short-term interest rate from 0.50% to 0.75% at next week's meeting, a significant increase from 53% in last month's survey. Slightly more than two-thirds of respondents (37 out of 54) said that by the end of September next year, the interest rate will reach at least 1.00%. (Golden Ten Data)
- 06:11Camp Network brings prediction markets to music festival IP, with the first event launching this weekend at the DWP Music FestivalChainCatcher reported that Camp Network has announced it will introduce the prediction market model to the music festival IP sector for the first time. The first event will launch this weekend at the DWP music festival, which has over 90,000 participants. Music fans will be able to make real-time predictions on live performances by headlining artists such as Skrillex, Calvin Harris, and Steve Angello. Camp Network stated that this move marks the first time the multi-billion dollar prediction market sector has been integrated with large-scale music festival scenarios. While traditional predictions have focused on sports events, Camp Network's innovative model will provide music fans with a brand new interactive experience. The platform plans to expand this model to more than 50 music festivals worldwide, covering millions of music fans and continuously expanding Web3 application scenarios in the cultural and entertainment sector.