Wu Blockchain Podcast: In-depth Analysis of the Impact of Japan's Interest Rate Hike and the US Interest Rate Cut on the Cryptocurrency Market Trend

In this issue, we discuss the recent macro trends again with Jiang Jinze, Chairman of MuseLabs, a global asset allocation research institution and former Chief Researcher of Binance Research Institute in China. Due to Japan's interest rate hike, global risk assets experienced a flash crash on August 5, and Jiang Jinze believes that this is not a typical crisis. Jiang Jinze believes that the current data is not enough to support the view that the US economy is in recession. Therefore, with the US interest rate cut in September, it is possible that risk assets including cryptocurrencies will rise in the fourth quarter. The trend of Ethereum may be similar to that before and after the launch of Bitcoin ETF.