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- 10:12QCP: Fed Independence Draws Attention, Gold and Bitcoin Become Safe-Haven AssetsChainCatcher news, QCP released a briefing stating that the market focus has shifted from rate cuts themselves to the issue of Federal Reserve independence. Analysis shows that the market is pricing in a higher term premium on the long end, while lowering the threshold for a downward cycle of the US dollar. Against this backdrop, even with the implementation of easing policies, the yield curve tends to steepen, the US dollar weakens, and gold and bitcoin are supported as investors seek to hedge against inflation and governance risks. After the Jackson Hole meeting, rate cuts are still seen as possible, despite inflation being difficult to quickly fall back to the 2% target. The market expects there may be two rate cuts this year, but new tariffs could push up inflation expectations, which is worth paying attention to.
- 10:07QCP Capital: If global economic growth remains resilient, the US dollar is likely to weaken from hereJinse Finance reports that QCP Capital stated in its official channel that as we enter September, the market focus has shifted from the extent of rate cuts to the independence of the Federal Reserve. The rise in term premiums and the lowered threshold for a downward dollar cycle indicate a steepening yield curve and a weakening dollar, which in turn provides support for gold and bitcoin as hedging tools. The Jackson Hole meeting has shifted risk towards a cooling labor market, making a rate cut in September still possible. Two rate cuts within the year seem reasonable; currently, investors need to pay attention to balancing inflation rates and inflation expectations driven by tariffs. If global economic growth remains resilient, the dollar is likely to weaken from here on.
- 10:04Bank of England Deputy Governor Braden: Stablecoins Can Enable Faster and Lower-Cost PaymentsChainCatcher News, according to a report by Zhitong Finance, Bank of England Deputy Governor Sarah Breeden stated that as the Bank of England prepares to announce its stablecoin regulatory plan, stablecoins are expected to accelerate cross-border capital flows and reduce related costs. Breeden said she anticipates a gradually forming multi-currency world that includes stablecoins. She pointed out that the Bank of England's regulatory plan is being influenced by a landmark bill from the Trump administration aimed at normalizing stablecoins. Speaking at a conference in London, Breeden said that stablecoins, which have long been confined to the cryptocurrency market, are beginning to go mainstream. Given that stablecoins are an existing form of native digital currency, their secure application is expected to unlock faster and lower-cost settlement methods for cross-border transactions, while also supporting tokenized securities trading. The Bank of England plans to launch a consultation on the revised stablecoin regulatory scheme later this year. Previously, industry insiders warned that the Bank of England's initial regulatory stance was too strict, and the bank is now relaxing related measures.