🌈由Followin协办的THE CRYPTO BASH 在新加坡圆满落幕！
🎉本次活动由@BingXOfficial和@BingVentures主办，@followin_io协办，汇聚了 Internet Computer、@coinfund_io、Protocol VC、J17 Capital、Reforge、@oceanprotocol、STIX、@10x_Research、@satlayer @10x_Research 、@network3_ai、@ABGAasia、@theblockless、@MYX_Finance等顶级合作伙伴。
此次庆典活动汇聚了全球各地的Web3行业领袖，大家分享了各自对行业的宝贵见解，探索了未来的合作机会。
Followin在Token2049！
#Token2049📷 #THECRYPTOBASH

Twitter

🌈THE CRYPTO BASH co-organized by Followin concluded successfully in Singapore!
🎉The event is hosted by @BingXOfficial and @BingVentures, co-organized by @followin_io, and brings together top partners such as Internet Computer, @coinfund_io, Protocol VC, J17 Capital, Reforge, @oceanprotocol, STIX, @10x_Research, @satlayer @10x_Research, @network3_ai, @ABGAasia, @theblockless, @MYX_Finance, etc.
The celebration event brought together Web3 industry leaders from around the world to share their valuable insights into the industry and explore future collaboration opportunities.
Followin at Token2049!
#Token2049📷 #THECRYPTOBASH

- The Federal Reserve has lowered interest rates by 0.5%.
- Market participants have mixed views on whether this larger-than-usual rate cut is good news.
It has finally happened: interest rates in the United States are declining.
Federal Reserve Chairman Jerome Powell announced on Wednesday that the nation's central bank will lower interest rates by 0.5%, putting them in the range of 4.75% to 5%.
Bitcoin rose 0.5 percentage points, reaching $60,500, while other major crypto assets such as Ethereum and Solana remained stable.
High interest rates make the cost of borrowing money higher and encourage investors to purchase risk-free government bonds to earn.

What does the Fed’s 0.5% rate cut mean for crypto assets?

Tencent News "Telescope", author: Ji Zhenyu
On September 18th, US time, the Federal Reserve announced a 50-basis-point rate cut at its closely watched September policy meeting, lowering the target range for the federal funds rate from 5.25%-5.5% to 4.75%-5%.
Federal Reserve Chairman Powell stated at the press conference that day that this is the beginning of a series of rate cuts. His remarks clearly announced that the Federal Reserve is officially ending the monetary tightening cycle that began in 2021 and entering a new cycle of monetary easing policy.
This magnitude significantly exceeded market expectations, and also increased market expectations for future economic...

The Federal Reserve cut interest rates by 50 basis points. Market participants: Powell's words and deeds are inconsistent

Source: CoinDesk
Author: CoinDesk Staff
Original Title: Arthur Hayes: 'If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets'
Translator: Bitpush News Shawn
-------------------------------------------------------

Arthur Hayes, the former CEO of BitMEX, believes that if the US Federal Reserve raises interest rates by 50 basis points, it will be a "nuclear catastrophe" for financial markets.

In a recent interview, Hayes stated that the Fed's aggressive monetary policy tightening could lead to a significant market crash. He warned that a 50 basis point rate hike would be "a nuclear catastrophe for financial markets."

Hayes argued that the Fed's actions are driven by political considerations rather than economic fundamentals. He believes that the central bank is under pressure to control inflation, even if it means sacrificing the stability of the financial system.

The former BitMEX CEO also expressed concerns about the potential impact of the Fed's policies on the cryptocurrency market. He suggested that the crypto industry could face significant challenges if the broader financial markets experience a severe downturn.