ChainCatcher news, HashKey Jeffrey stated that since the U.S. interest rate cut, the global securities market has seen a glimmer of recovery. Following the A-share market, the Hong Kong stock market has also experienced a rare trading frenzy. According to today's closing data, the Hong Kong Hang Seng Index soared by 6.2%, with the technology index skyrocketing by 8.5%. Since September 11, the Hang Seng Index has almost risen in a straight line, currently reaching 22,448 points, approaching the 22,689 points set on January 27, 2023, marking the highest point in nearly 31 months.The trading volume in the Hong Kong stock market has exceeded one trillion for several consecutive days, with a massive influx of buy orders, leading to trading delays on the exchange's servers, a situation reminiscent of 2015. The significant price increase has strong support from trading volume, which is a clear bullish signal indicating that investors are flocking to join this trend reversal, suggesting that the turning point from bear to bull market may have arrived.What does this mean for the crypto market? Will the crypto market continue to be "bled dry," or will it see a widespread rally? Currently, the Hong Kong stock market is recovering first, and the mainland securities market is also rising due to policy reasons, but the U.S. stock market, Japanese stock market, and the cryptocurrency market have all seen declines in the past two days due to capital diversion. Historical data shows that the massive liquidity from U.S. interest rate cuts tends to lead to a general economic recovery, but funds will first flow into markets with higher returns. In the initial period, the effects of the interest rate cut may not have fully radiated, and countries may adopt certain policy measures to compete for liquidity; the current "bleeding" phenomenon may just be a manifestation of liquidity competition among different markets before the effects of the interest rate cut spread.

ChainCatcher news, the Federal Reserve announced after the FOMC meeting that the target range for the federal funds rate has been lowered from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.In response, HashKey Group Chief Analyst Jeffrey Ding stated: The darkness before dawn has passed, and a new wave of market momentum has begun. The Federal Reserve's 50 basis point rate cut signifies its clear concerns about the current economic environment, necessitating a more substantial initiation of the rate-cutting cycle. Recently, the global economy has faced liquidity challenges, and this rate cut decision has injected new vitality into the global financial markets.Bitcoin, as the "digital gold" of the new era, has performed strongly against this backdrop, briefly breaking above $62,000. However, it is not just Bitcoin that benefits; the entire cryptocurrency market is expected to experience a new wave of momentum under the loose monetary policy. It is important to note that, unlike traditional markets, Bitcoin's performance is more influenced by the liquidity of the dollar rather than changes in the U.S. economic outlook. This means that in the future loose monetary environment, Bitcoin may continue to be the preferred asset for investors seeking to hedge against inflation and seek safe havens.As the rate-cutting cycle continues, the cryptocurrency market may enter a longer period of upward momentum. Market volatility still exists, but this round of cryptocurrency trends may attract more funds and innovation into the field, pushing the entire crypto ecosystem into a new stage of development.

ChainCatcher news, according to Spot On Chain monitoring, Ethereum co-founder Jeffrey Wilcke deposited 10,000 ETH (37.38 million USD) to Kraken 2 hours ago at an average price of 3,738 USD.Since the beginning of 2024, he has deposited 24,300 ETH to Kraken at an average price of 3,108 USD (75.52 million USD), with the last deposit made before the ETH price began to surge. Currently, Jeffrey Wilcke still holds 126,000 ETH (473 million USD).

ChainCatcher news, according to Ember monitoring, 4 hours ago, Ethereum co-founder Jeffrey Wilcke transferred 10,000 ETH (approximately 27.52 million USD) to Kraken. He currently still holds over 135,000 ETH (approximately 373 million USD).

According to ChainCatcher news, on-chain analyst Yu Jin monitored that Ethereum co-founder Jeffrey Wilcke transferred 22,000 Ethereum to Kraken, worth approximately 41.13 million dollars. The last transfer from this address was on January 6, 2021, when 15,000 Ethereum were transferred to Kraken. Currently, this address still holds over 150,000 Ethereum. (source link)