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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?
Jensen Huang appeared at the Kkanbu Chicken restaurant in Seoul and had a fried chicken dinner with the heads of Samsung Electronics and Hyundai Motor, unexpectedly sparking a frenzy in Korean "meme stocks."
Solana is actively transforming "blockchain technology" into foundational infrastructure, emphasizing its financial attributes and capacity to support institutional applications.
We have reviewed the BNB Chain and Solana-related x402 projects currently on the market to help everyone better identify assets in this narrative cycle.
The assets on the Sun Wukong platform have exceeded 100 millions. With its innovative user experience and ecosystem synergy, it is leading a new era of decentralized contract trading. Experts predict that the future will be characterized by the coexistence of DeFi and CeFi, but with decentralization taking the lead.
The Executive Chairman of Strategy made his debut in the Middle East.
- 16:41Trump denies having decided to take military action against VenezuelaJinse Finance reported that U.S. President Trump denied having decided to carry out strikes on military targets within Venezuela, contradicting media reports that he had approved such actions. When asked by reporters on Air Force One on Friday whether he had made a decision, Trump briefly responded, "No." Earlier that day, the Miami Herald had reported that the Trump administration had decided to launch attacks on Venezuelan military facilities, and that the strikes could begin at any time. When asked about this report, White House spokesperson Anna Kelly stated that "anonymous sources simply do not know the real situation," and emphasized that any official statement would be issued personally by the President.
- 16:27Spot gold plunged $50.29 intraday, down 1.25%.Jinse Finance reported that spot gold plummeted by $50.29 during the day, now quoted at $3,974.27 per ounce, a decrease of 1.25%.
- 16:27BTC falls below $110,000Jinse Finance reported that according to market data, BTC has fallen below $110,000, currently quoted at $109,995.39, with a 24-hour increase of 1.75%. The market is experiencing significant volatility, so please ensure proper risk control.