why

The Federal Reserve raised interest rates as expected in September, after keeping rates unchanged at the July meeting. Federal Reserve Chairman Waller stated that three things have changed between the two meetings.He said that data released in recent weeks indicates that the U.S. economy is performing strongly, especially in the labor market. At the same time, inflation rates remained high throughout the summer, significantly above the Federal Reserve's target of 2% year-on-year inflation.Finally, he noted that geopolitical factors also prompted the Federal Reserve to change its assessment of the economic outlook, although he did not directly mention the U.S.-Iran conflict in the Middle East. Waller stated, "These three factors contributed to our firm and consistent decision today."

The founder of the Liebit mining pool, Jiang Zhuoer, stated that last week, Bitcoin and Ethereum spot ETFs recorded inflows of approximately $1.92 billion and $700 million, respectively, with the inflow scale of the Ethereum ETF being about 36.4% of Bitcoin's. Meanwhile, the total market capitalization of ETH is currently about 18.8% of BTC, and its ETF inflow proportion is significantly higher than the market value ratio of the two.Jiang Zhuoer indicated that stronger relative capital inflows may be one of the factors for ETH's recent price increase outpacing BTC, with ETH's maximum increase this round being approximately 35.9%, higher than BTC's 26.6%. Additionally, as the United States promotes legislative structures for the crypto market and asset tokenization, the development of RWA may further enhance market attention on smart contract public chains.