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The All In Morning Report on 9.19:
The Federal Reserve cut interest rates by 50 basis points. Whether it is good news or an economic recession can only be seen from the subsequent performance. At least from the current performance of the US stock market, there is no sign of recession, but you can also say it is a distribution. If the analysis by the big brothers goes as expected, there are three directions.
1. $BTC fluctuated up and down after the announcement of the rate cut, and is currently back to the high point, oscillating around 62,000.
2. $ETH closely followed, neither high nor low, without major problems, just following the BTC.
A whale who participated in the Ethereum ICO deposited 4,000 ETH to Kraken. (Long on Ethereum?)
3. $SOL did not have an independent market, but the #Solana meme coin $POPCAT showed an independent trend and is about to hit a new high.
4. $BNB is still waiting for the return of @cz_binance, the king. However, the entire #BNBChain seems to be rejuvenated, and the #meme coin $WHY has even started to build an ecosystem.
5. Federal Reserve Chairman Powell: The Federal Reserve will accelerate, slow down or pause the rate cut as needed.
The Federal Reserve mouthpiece: The first 50BP rate cut marks a bold start to the rate cut cycle.
6. The three major US stock indexes and spot gold have fully retraced the gains after the interest rate decision was announced.
7. The cryptocurrency records of the SEC were condemned by former commissioners and Republican congressmen at the hearing.
8. BitGo launches the USDS stablecoin, competing with Coinbase and Tether.
9. @ethena_labs: The domain registrar account was hacked, and the front-end website access has been temporarily suspended.
10. The first ETF that supports 2x long/short on MicroStrategy stock will be listed on Cboe BZX.
11. Trump used Bitcoin to buy a burger at a bar in New York, and someone immediately launched an on-chain meme on that block.
12. Silvergate Capital has filed for bankruptcy protection in the US state of Delaware.
13. The trading volume of @neiroethcto's meme coin has reached its peak, and the state of all the groups talking about it is completely different from when @NeiroOnEthereum's meme coin was launched, very curious about the final outcome.
14. Linear Finance announced that it will soon launch a heavyweight new product that may change the game rules.
I just want to say, this market is too difficult to play, let's just flip a coin. Congratulations to you contract overlords and on-chain emperors, I'm going to quit the market.
Strolling around the street leisurely is pretty good, away from your noisy voices.
Vitalik’s autobiographical movie is about to be released, so your favorite Vitalik meme will be online soon!
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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