ETH breaks through the $4200 mark

标普500指数历史上首次收盘突破6800点，创下新高，显示市场表现强劲。（Watcher.Guru）

[The Federal Reserve May Cut Rates and End Balance Sheet Reduction, Market Risk Appetite Could Be Boosted] The Federal Reserve's policy committee may implement a 25 basis point rate cut on Wednesday and signal further easing measures, while announcing the end of its balance sheet reduction plan, which could exert downward pressure on Treasury yields. LHMeyer analyst Derek Tang stated that the dual action of rate cuts and prematurely halting balance sheet reduction would significantly support market risk appetite. Although there is still uncertainty about whether the balance sheet reduction will end this week, the recent tightening in funding markets has increased the likelihood of this decision.

[Analysis Suggests Fed Rate Cut This Week May Be a Low-Risk Move] Federal Reserve Chair Jerome Powell previously defined last month's 25-basis-point rate cut as a risk management measure aimed at avoiding undue drag on the economy. Renaissance Macro Chief Economist Neil Dutta stated that if another 25-basis-point rate cut occurs this week, its risk controllability would be similar to the previous one. Dutta pointed out that the persistent accumulation of weakness in the labor market, potential cooling of inflation, and multiple corporate layoff plans indicate a worsening employment environment. Additionally, he believes that after excluding tariff factors, core inflation levels are close to the Fed's regulatory target.

Circle在一个月内铸造了77.5亿美元USDC，其中今日铸造7.5亿美元USDC。（Cointelegraph）

Large tokens holders withdrew nearly 10 million tokens from Binance, one onchain analyst noted, signaling steady investor demand.