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Behind the limited rewards lies an infinite game. The essence of trading competitions is a collective prisoner's dilemma—whether to achieve a Nash equilibrium or fall short, this uncertain game further excites traders’ nerves.
After the sharp drop early this morning, funding rates on major CEX and DEX platforms indicate that the market has clearly turned bearish.
When a wallet address is no longer just an asset credential, but an identity; when a profile picture is no longer just a JPEG, but a community signal; when a joke can spark collective creation and meme propagation, the spirit of decentralization has already taken root culturally. It does not need to be explained, but rather used, imitated, and recreated.
This year, as the popularity of the DePIN sector continues to rise, IoTeX has achieved several key milestones in the third quarter of 2024, attaining impressive results that have further solidified its position as a leader in the DePIN ecosystem.
Accurately shorting for a profit of 80 millions, on-chain data reveals suspicious funds linked to Garrett Jin.
Survival is everything.
- 21:47The Federal Reserve's interest rate cut meets expectations, with a weakening labor market as the main reason.According to Golden Ten Data, Angeles Investments Chief Investment Officer Michael Rosen stated that this rate cut was within expectations, and the 25 basis point cut passed by a 9-to-3 vote was also anticipated. The statement emphasized the weakness in the labor market, which was the main reason for the 25 basis point rate cut, suggesting that the Federal Reserve may continue to ease policy. However, the current expectation of only one 25 basis point rate cut next year has not changed.
- 21:37Institutions assess Powell's speech: Nothing about "hawkish rate cuts"Jinse Finance reported that Informa Global Markets commented on the latest speech by Federal Reserve Chairman Jerome Powell: so-called "hawkish rate cuts" are just like this. Powell pointed out that there is tension between the Fed's dual mandate, but also admitted that there has not been much change since the last meeting. His remarks were generally similar to previous ones. The most memorable sentence from this press conference was: "The current economy is not like an overheated economy that would trigger labor-driven inflation."
- 21:31The Federal Reserve reminds the market not to take interest rate cuts for granted.According to ChainCatcher, citing Jinse Finance, Chris Grisanti, Chief Market Strategist at New York's MAI Capital Management, stated that although the Federal Reserve's interest rate cut was as expected, there is uncertainty regarding the extent and timing of future rate cuts. He emphasized that the market should not take rate cuts for granted, and that further cuts are only likely if the economy slows down significantly. Grisanti hopes that there will be no rate cuts in 2026, as this would indicate a weakening economy.