Odaily星球日报讯 Steno Research 在周四的一份报告中表示，以太坊（ETH）近期表现不佳的阶段可能已经结束，无论是从法币汇率还是从 BTC 汇率来看，ETH 都可能再次大放异彩。报告指出，在上一轮山寨币季中，ETH 大幅上涨，在不到两个月的时间内，ETH/BTC 汇率就上涨了 1 倍多。这种转变是由链上活动激增引发的，包括去中心化金融（DeFi）、稳定币发行以及非同质化代币（NFT）的繁荣，所有这些都主要发生在以太坊区块链上。本周早些时候美联储降息将导致链上活动增加，这将极大地利好以太坊。（Coindesk）

Steno Research：ETH颓势结束，降息利好以太坊

Odaily Odaily News Steno Research said in a report on Thursday that Ethereum (ETH)&#39;s recent poor performance may be over, and ETH may shine again, both in terms of fiat currency exchange rate and BTC exchange rate. The report pointed out that in the last round of Altcoin season, ETH rose sharply, and the ETH/BTC exchange rate rose by more than 1 times in less than two months. This shift was triggered by a surge in on-chain activity, including decentralized finance (DeFi), stablecoin issuance, and the boom in non-fungible tokens (NFTs), all of which occurred primarily on the Ethereum blockchain. The Federal Reserve&#39;s interest rate cut earlier this week will lead to an increase in on-chain activity, which will be a huge boon to Ethereum. (Coindesk)

Steno Research: ETH's decline is over, interest rate cuts are good for Ethereum

Odaily reported that QCP Capital in its latest market analysis stated that the Federal Reserve announced a 50-basis-point rate cut last night and plans to cut rates twice more this year and four times in 2025. As Powell was vague about the scale and pace of future rate cuts, all eyes will be on the upcoming employment data for clues. The spread between the 2-year and 10-year US Treasury yields, an indicator of economic recession, has been inverted since July 2022 but has recently increased to +8 basis points, reflecting optimistic market sentiment and a shift towards risk-on assets. The S&P 500 index attempted to reach new highs but closed lower after the FOMC meeting. In the options market, implied volatility plummeted after the FOMC meeting, with BTC dropping 19 vols and ETH dropping 18 vols. After the FOMC, BTC rebounded from $59,000 to $62,000, while ETH was around $2,400. QCP Capital believes that volatility is expected to surge in the next FOMC meeting, which will be held shortly before the election.

QCP: BTC and ETH implied volatility plummeted after the FOMC meeting, and is expected to surge again as election day approaches

According to the analysis of Bernstein, a research and brokerage firm, as the expectation of the Federal Reserve's interest rate cut approaches, it is likely that a 25 or 50 basis point cut will occur on Wednesday, and the yields of decentralized finance (DeFi) are expected to rebound.

"As the interest rate cut approaches, DeFi yields are once again becoming attractive. This could be a catalyst to restart the crypto credit market and reignite interest in DeFi and Ethereum," said Gautam Chhugani, Mahika Sapra, and Sansk...

DeFi yields to recover amid potential US rate cuts

Odaily reported that Bitwise officially posted on the X platform, stating, "The sluggishness of Ethereum has attracted some opponents. They have overlooked the following points: - More than half of the stablecoins are on the Ethereum chain. - Over 60% of DeFi assets are locked on Ethereum. - Polymarket is deployed on Ethereum. By the end of 2024, ETH appears to be a potential contrarian bet." Previously, Bitwise's Chief Investment Officer Matt Hougan said that ETH now seems to be neglected, but as the year draws to a close, its poor price performance may see a reversal.