News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
No token is ever young forever, but there are always young people rushing into the ETH battlefield.
Bitcoin is holding strong above key support levels, with ETF inflows and derivatives data signaling bullish momentum despite macro uncertainty.
After Pi Network migrated to the mainnet, its PI token experienced significant price drops and weak market participation. As April begins, its future remains uncertain, with the potential for either a rebound or further decline depending on buyer interest and network developments.
EOS has gained 16% in the last 24 hours, reaching a two-month high, but overbought signals suggest a potential pullback could follow.
Federal Reserve Chairman Powell is facing a serious policy dilemma: under immense government debt and political pressure, the Fed has had to abandon its independence and anti-inflation stance. Instead, it has resorted to measures like quantitative easing to finance the government, creating a situation of "fiscal dominance" similar to the Volcker era of the 1970s. This foreshadows the Fed's need to reinitiate loose monetary policy, which could potentially drive up the prices of assets like Bitcoin.
- 20:43Fed’s Daly: Rate cuts are approaching, more than two cuts this year are likelyAccording to ChainCatcher, San Francisco Federal Reserve President Mary Daly stated that with mounting evidence of a weakening job market and no signs of persistent tariff-driven inflation, the timing for a rate cut is approaching. Commenting on the Fed’s decision last week, Daly said, “I’m willing to wait another cycle, but I can’t wait forever.” While this does not mean a rate cut in September is a foregone conclusion, she said, “I tend to think that every meeting going forward is a live meeting for considering policy adjustments.” Daly noted that two 25-basis-point rate cuts this year still appear to be an appropriate recalibration, emphasizing that the key issue is whether cuts occur in both September and December, rather than if they will happen at all. Daly said, “If inflation rebounds and spreads, or if the labor market heats up, of course there could be fewer than two rate cuts, but it’s more likely that more than two cuts will be necessary. If the labor market appears to be entering a period of weakness and we do not see inflation spillovers, we should be prepared for additional rate cuts.”
- 20:21Fed’s Daly: Two Rate Cuts This Year Remain an Appropriate Adjustment, No Signs Tariffs Are Having a Lasting Impact on InflationAccording to ChainCatcher, Federal Reserve's Daly stated that two rate cuts this year remain an appropriate adjustment. She is satisfied with the Fed's July decision, but would be less comfortable making the same decision again. There is still considerable uncertainty regarding a possible rate cut in September. "Regarding the July decision, I am willing to wait another cycle, but we cannot wait forever. The job market has not shown significant weakness, but it is softening, and further weakening would be unwelcome." No signs have been observed that tariffs are having a sustained impact on inflation.
- 20:07All Three Major U.S. Stock Indexes Close HigherAccording to Jinse Finance, all three major U.S. stock indexes closed higher, with the Dow Jones up 1.34%, the Nasdaq up 1.95%, and the S&P 500 up 1.47%. Leading tech stocks saw broad gains, with Nvidia, Google, Meta, and Broadcom rising more than 3%, while Tesla and Microsoft gained over 2%.