Since the release of the non-farm payroll data, which showed a better-than-expected economic situation, US stocks experienced slight fluctuations overnight. The US economy has moved one step further away from recession. It seems that as long as there is no continuous net job loss in the following months, this is more like providing the Federal Reserve with a more controlled soft landing environment than the official start of a recession. A truly significant recession typically requires an unemployment rate of 5.5-6% or even higher. After all, a recession this year would negatively impact Trump's midterm election campaign. Almost two years have passed; if a recession does occur, it's unacceptable to blame Biden and the Democrats again. Regarding interest rate cuts, this time the narrative of "no rush to ease monetary policy in the short term" has indeed been reinforced. The stock market fluctuations also reflect the market's lack of clear direction regarding interest rate cuts. Especially with Friday's CPI data release, if it falls below the previous value of 2.7%, indicating labor market resilience and declining inflation, it might slightly increase the probability of a rate cut in March to nearly 50%, which would be a boost to sentiment in US stocks and cryptocurrencies. Conversely, the period of high interest rates may be further prolonged, with the market currently anticipating rate cuts as late as June or July. Of course, this is just an expectation. If we're looking at data, we could also look at February's labor force and CPI data. However, the data itself doesn't seem to have much relevance. Regarding rate cuts, this is Trump's demand for Warsh's appointment. Rate cuts, rate cuts, and more rate cuts. Therefore, the first half of the year may be a period of significant uncertainty, waiting for the new chairman to announce the Fed's policy, especially the number and intensity of rate cuts. A good economy is also causing the dollar to rise. Although US stocks are experiencing slight fluctuations, blue-chip stocks should still benefit. This is bad for gold and silver, which is bad news for #Bitcoin. Without the stimulus of expected rate cuts, the advancement of crypto regulations may be needed to stimulate crypto sentiment; otherwise, maintaining a period of fluctuation would be considered good. The earnings report will be released tomorrow morning $COIN, and Coin is currently at a relatively low level. Q4 2025 $BTC Performance was decent, breaking all-time highs. Coin's financial report shouldn't be too bad. I wonder if it can hold the key 142-147 range. US crypto and tech stocks can all be traded on the on-chain US stock platform @MSX_CN, worth following http:/msx.com/?code=x8VP18 I noticed the official MSX website's visual UI upgrade. Is it just a simple upgrade? I feel it should be seen as a strategic advancement cycle. It's definitely preparing for RWA and the future of finance, a concentrated brand expression laying the foundation for the product's maturity and strategic positioning. Correspondingly, it will provide a smoother trading experience and improved professionalism. If you prioritize your users, they will support you. Especially recently, the community has been discussing the mobile version's release. Is the mobile version in its final stages and about to be released to the community? This will also benefit users accustomed to mobile devices and expand the user base. Of course, the specific launch date and functional scope are still subject to official announcements. Finally, licensing and direct connection to the underlying infrastructure may be the core variables that will change the platform's competitiveness. Personally, I see MSX completing an upgrade from "product form" to "underlying capabilities," and this official website redesign is just the first visible step in this process.

I was chatting with Mr. Wu yesterday, and we were talking about how there are too few excellent macro analysts in the crypto these days. You're one, bro.