ChainCatcher news, Coinbase Institutional recently released the "Takeaways from Token2049" report, summarizing the key insights from the Token2049 and Solana Breakpoint conferences held in Singapore.The report stated: "We expect Q4 2024 to be constructive, driven by U.S. rate cuts and significant fiscal and monetary stimulus from China, which will enhance market liquidity and support Bitcoin's performance." The report focuses on Bitcoin and high beta crypto assets, maintaining an optimistic outlook on the overall market in the coming months.The report also discussed Ethereum's recent predicament, particularly its rising transaction fees: "On-chain activity is increasing with the rise in DEX trading volume and Ethereum Gas fees." However, despite the recent launch of a spot ETH ETF in the U.S., it has not had the same effect as Bitcoin. The report described: "While many market participants are bullish on BTC, we encountered some industry personnel who are skeptical about ETH, as the token does not seem to have benefited from the spot ETH ETF launched in the U.S. over two months ago."

ChainCatcher news, Brazil's Central Bank President Neto stated that the world is preparing for a rate cut by the United States, and the extent of the cut will depend on the data. (Jin Shi)

ChainCatcher news, according to The Wall Street Journal, a paper written by two economists from the Kansas City Federal Reserve Bank has attracted market attention. The article points out that the time the U.S. interest rates remain above 5% may be much longer than investors expect, possibly until 2026.These economists state that although the Federal Reserve has tightened policy at perhaps the fastest pace since the 1980s over the past year, the rapidly rising inflation is pushing the equilibrium interest rate level in the U.S. economy to rise at a faster rate. Given that economic growth remains so strong (according to the latest estimates, the annualized growth rate of U.S. GDP in the first quarter is 2%), the Federal Reserve may need to keep interest rates at or above the current level for more than three years to bring the inflation indicator PCE index, which the Fed values, back to the central bank's 2% target. (Source link）