BTC $77,034.58 +0.81%
ETH $2,444.46 +1.14%
BNB $694.39 +0.88%
XRP $1.46 -1.46%
SOL $93.75 +0.54%
TRX $0.3433 +0.14%
DOGE $0.0906 -0.60%
ADA $0.2178 -0.96%
BCH $265.58 -1.42%
LINK $11.43 +0.51%
HYPE $77.86 -1.86%
AAVE $137.66 +11.32%
SUI $0.8078 +1.44%
XLM $0.1926 +0.27%
ZEC $833.39 +2.52%
BTC $77,034.58 +0.81%
ETH $2,444.46 +1.14%
BNB $694.39 +0.88%
XRP $1.46 -1.46%
SOL $93.75 +0.54%
TRX $0.3433 +0.14%
DOGE $0.0906 -0.60%
ADA $0.2178 -0.96%
BCH $265.58 -1.42%
LINK $11.43 +0.51%
HYPE $77.86 -1.86%
AAVE $137.66 +11.32%
SUI $0.8078 +1.44%
XLM $0.1926 +0.27%
ZEC $833.39 +2.52%

aw

All
Article
Flash

Bitget CFD Chief Analyst: FOMC minutes are hawkish, market focuses on "high rates lasting longer"

Bitget CFD Chief Analyst Lewis Huang stated in a live broadcast yesterday that the overall tone of the Federal Reserve's July FOMC meeting minutes is hawkish. Although the interest rate was kept unchanged at this meeting, several officials emphasized that if inflation does not continue to decline to the 2% target, further tightening of policy or even another rate hike remains a viable option. This means that the market should not simply trade based on interest rate cut expectations in the short term, but should reassess the impact of "high rates lasting longer" on the US dollar, US Treasury yields, gold, and US stock valuations.Lewis Huang pointed out that the subsequent market direction will be determined by a combination of inflation and employment data: if CPI, PCE, or wage data rise and the job market remains resilient, the US dollar and US Treasury yields may strengthen, while gold and high-valuation assets like the Nasdaq 100 may come under pressure; conversely, if inflation significantly cools and employment and consumption weaken simultaneously, the market will raise expectations for Federal Reserve easing, and gold, non-US currencies, and risk assets are expected to receive support. He suggested that CFD traders focus on the correlation between the US two-year Treasury yield, the US dollar index, and gold, waiting for price breakthroughs and pullback confirmations after major data releases, avoiding chasing the initial wave of volatility, while strictly controlling leverage and stop-loss risks.

first_img Arbitrum advances ZK settlement, L1 withdrawals are expected to be shortened from several days to several hours

The Arbitrum development team stated that they are introducing zero-knowledge (ZK) proofs into the Arbitrum platform to achieve a multi-proof settlement model. Through ZK proofs, the settlement time of Arbitrum blocks to Ethereum L1 is expected to be reduced from several days to several hours, while enhancing user, cross-chain bridge, and protocol capital efficiency, and maintaining security through the multi-proof mechanism. Related capabilities are aimed at Arbitrum One and dedicated chains based on the Arbitrum platform. Offchain will subsequently submit upgrade proposals to the DAO.Current progress includes: the ability to run the same state transition functions in SP1 zkVM as in optimistic execution, generating ZK proofs for real mainnet block production; Stylus's WASM contracts can be proven alongside Solidity contracts; the team has launched an independent Rust verifier, making ZK proofs a first-class mode alongside standard verification; the BoLD settlement protocol has supported the acceptance of ZK proofs and is endorsed by a fast confirmation committee, while the original dispute games still serve as a fallback path, forming a multi-proof architecture that coordinates ZK proofs, proof committees, and fraud proofs.The team claims to be continuously reducing proof costs and will gradually merge related code into the Nitro main production path. The next steps include further optimizing proofs and shifting to Reth-based execution, completing L1 message inbox proofs, and integrating ZK settlement capabilities into node configurations for on-demand activation across chains.
app_icon
ChainCatcher Building the Web3 world with innovations.