OKB falls below the $210 mark

[U.S. Bank Stock Index May Hit Historic Closing Record] Driven by expectations of a potential rate cut by the Federal Reserve, the U.S. KBW Bank Index surged by 3% at one point, poised to achieve its first historic closing record since January 2022. This marks the end of a more than 900-trading-day slump for the index. The strong performance of bank stocks benefits from solid earnings amid market volatility and dividend increases following successful stress tests. Market expectations for a more lenient regulatory environment may further boost investment banking revenue.

The price of Bitfinex ETH/USD has reached a new high in nearly a year, now trading at $4784.1, up 12.39% in 24 hours, with a turnover of $59.12 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

OKX-OKB/USDT is currently trading at $188.99, with a 5-minute decline of 1.53%. Please pay attention to market fluctuations.

[Analysis: Fed's Dovish Shift Sparks Market Frenzy] According to a report by Golden Finance, Swissquote Bank senior analyst Ipek Ozkardeskaya stated that today's situation is quite interesting because we see the Federal Reserve, or at least Powell, shifting to a more dovish stance to support the weakening job market. So this is essentially a dovish shift in Fed policy that aligns with recent market expectations. The Fed is now preparing to deliver that 25 basis point rate cut, at least as the market anticipates, which has clearly triggered significant excitement.

[Federal Reserve Governor Cook Responds to Trump's Dismissal Threat: No Intention to Resign, Will Not Succumb to External Pressure] BlockBeats News, August 22, Federal Reserve Governor Cook responded to Trump's dismissal threat, stating that she has 'no intention of resigning due to threats' and will not succumb to external pressure. Earlier reports indicated that Trump stated today he would dismiss Cook if she does not resign. (Zhitong Finance)