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The Federal Reserve’s September interest rate meeting is drawing attention due to personnel changes, shifting the focus from economic data to an assessment of institutional resilience. The market anticipates two possible rate cut paths: a 25 basis point cut would boost global assets, while a 50 basis point cut might trigger panic. The outcome of the meeting will impact the Federal Reserve’s credibility and the crypto market. Summary generated by Mars AI This summary was generated by the Mars AI model and its accuracy and completeness are still being iteratively improved.
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- 07:37Adam Back reveals the reason behind Satoshi Nakamoto's choice to remain anonymous, possibly due to realizing the extremely high risks of BTC revolutionizing currencyChainCatcher reported that Blockstream co-founder and CEO Adam Back posted on X, stating that there are operational risks for nodes participating in P2P networks that provide privacy, anonymity, and bearer funds. These risks can be traced back decades, and the risks faced by Bitcoin node operators are not new. Although the risks associated with Bitcoin are, to some extent, lower than those of file sharing, as bearer cash and hard currency, Bitcoin has clearly faced much higher risks, since BTC is reforming money. After all, the risk of separating money from the state is much greater. Although some countries are gradually accepting Bitcoin and related regulations are becoming more open, in certain countries it still remains in a gray area or is even illegal. Therefore, even core developers who revealed their identities early on could face significant risks. Satoshi Nakamoto may have realized this risk, which is perhaps why he chose to release Bitcoin anonymously.
- 07:37EUR/USD hits 1.18, first time since JulyChainCatcher news, according to Golden Ten Data, the euro against the US dollar (EUR/USD) rose to 1.18, reaching this level for the first time since early July, with an intraday increase of 0.35%.
- 07:34ECB Governing Council member Kazaks: There is currently no reason to cut interest ratesJinse Finance reported that European Central Bank Governing Council member Kazaks stated that there is currently no need to lower interest rates. In an interview with TV24 on Tuesday, he said: The current inflation rate is about 2%, and economic growth can be described as weak. At this stage, there is no reason for a rate cut. These remarks came before the European Central Bank kept borrowing costs unchanged for the second consecutive meeting last week. Most policymakers believe there is no need for further rate cuts, but at the same time, they retain the option to act if necessary. Kazaks emphasized: Considering the high uncertainty in the global economic situation, especially geopolitics, and the continued existence of various risks, the central bank is closely monitoring economic developments and will make necessary decisions. He specifically pointed out that if such uncertainty is taken into account, coupled with further economic weakness or if inflation begins to fall significantly below the 2% target level, the European Central Bank may also implement rate cuts. (Golden Ten Data)