Fragmetric completed its Angel Round Fundraising on 2024-11-03.

🌛 The market as a whole has been oscillating downward this week; RWA tokens have outperformed BTC and ETH in May; ZKsync airdrop has encountered frequent process issues...

The Fed is unlikely to cut interest rates in July, and the market is focused on the key price levels of Bitcoin and Ethereum. At this stage, Bitcoin needs to break through $108,000 to $110,000 to form new support, while Ethereum needs to return above $2,500 to initiate a rebound. Hong Kong will implement a stablecoin licensing system in 2025 to promote the development of digital assets.

The Fed's July decision to maintain interest rate expectations has heightened attention on key price levels of Bitcoin and Ethereum. Market Observation Recently, the market focus has been on the Fed's interest rate policy. Although inflation data shows signs of cooling, several Fed officials, including the Chair, have stated that more time is needed to observe and confirm that the price increases do not evolve into persistent inflation, thus holding a cautious attitude towards a rate cut in July. Officials generally believe that the current monetary policy is in a good position and are inclined to consider a rate cut later this year. This attitude stems from a reliance on future data and a cautious assessment of external factors. The labor market, although slowing, has not shown significant weakness, providing support for the Fed's patience in waiting. On Thursday, the three major U.S. stock indexes rose collectively, with technology and bank stocks leading the way. The S&P 500 index and the Nasdaq composite index approached historical highs. Meanwhile, U.S. Treasury yields fell across the board, and the U.S. dollar index declined for the fourth consecutive day, hitting its lowest level in three years.

Recently, the market is focusing on the Fed's interest rate policy and the price trends of Bitcoin and Ethereum. Bitcoin needs to break through the range of 108,000 to 110,000 to initiate a new rise; Ethereum needs to return above 2,500 USD. The development of Hong Kong's digital asset policy boosts market confidence, and overall investment sentiment is positive.

#ETH##BTC##cfx##FRAG# Today is bullish