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DiDi has successfully transformed into a digital banking giant in Latin America by addressing the lack of local financial infrastructure, building an independent payment and credit system, and achieving a leap from a ride-hailing platform to a financial powerhouse. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
The Federal Reserve cut interest rates by 25 basis points, but the market interpreted the move as hawkish. Bitcoin is constrained by a structurally fragile range, making it difficult for the price to break through $100,000. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The Federal Reserve cut interest rates by 25 basis points with a 9-3 vote. Two members supported keeping rates unchanged, while one supported a 50 basis point cut. In addition, the Federal Reserve has restarted bond purchases and will buy $40 billion in Treasury bills within 30 days to maintain adequate reserve supply.
The launch of HyENA further expands the USDe ecosystem and brings institutional-grade margin efficiency to the on-chain perpetuals market.
- 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.