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Run, train, earn: which GameFi projects to watch in 2024 According to the Messari report, in 2023, about 3.4 billion gamers brought the gaming industry $184 billion. The latter undergoes a paradigm shift once every 10 years, so the rise of the GameFi financial sector can be compared to

Fed Chairman Powell's speech at the Jackson Hole meeting became a strong catalyst for the Crypto Assets market. His dovish stance sparked market expectations for Liquidity easing, which subsequently triggered a wave of rises in the Crypto Assets. Bitcoin rose by 3.15% in just one hour, breaking through the important threshold of $116,000. Meanwhile, other major Crypto Assets such as Ethereum also followed suit, and the entire market is showing a long-awaited strong upward trend. The core logic of the market reaction this time is based on expectations for future monetary policy easing. Powell mentioned economic risks in his speech, which led the market to generally believe that the Fed will start a rate-cutting cycle. Futures market data shows that the likelihood of a 25 basis point rate cut in September has already exceeded 70%. Rate cuts typically mean increased market liquidity, which is a positive signal for crypto assets that are viewed as high-risk. From a technical analysis perspective, Bitcoin breaking through the key resistance level of $116,000 is significant. This may indicate a strengthening of bullish sentiment in the market, potentially initiating a new upward trend. At the same time, Ethereum is supported by sustained accumulation from institutional investors, further boosting overall market sentiment. However, investors should remain cautious. Although Powell's remarks conveyed positive signals, the Fed's policy direction will still depend on future economic data, especially changes in inflation and employment data. Considering the inherent high volatility of the Crypto Assets market, if policy expectations change in the short term, coin prices may experience significant fluctuations. In the long run, a shift in Fed policy does indeed constitute a positive for the encryption market. A low interest rate environment typically benefits risk assets, and ample liquidity may attract more traditional funds into the encryption market. Coupled with increasing institutional acceptance and the potential launch of ETF products, the long-term outlook for the Crypto Assets market is worth noting. Overall, Powell's speech has opened up space for a rise in the crypto market, but investors need to closely monitor policy trends while seizing opportunities and managing risks.

Recent remarks by Fed Chairman Powell have sparked heated discussions in the market about a possible interest rate cut in September, and the probability of a cut has now fallen to 87%. However, this expectation is accompanied by concerns about potential downward risks facing the U.S. economy. Powell has repeatedly emphasized that the inflation situation is basically controllable. Although the impact of tariffs remains unclear, the downward trend in inflation is still observable. However, he pointed out that the biggest risk lies in the simultaneous weakening of the labor market while inflation is declining. It is worth noting that while the risk of declining inflation has weakened, the unemployment rate has risen by one percentage point, a situation that historically has only occurred during economic recessions. Powell also mentioned that although the labor market appears balanced, it is a "peculiar balance." There are abnormalities in the supply and demand of the job market, and the risks of employment downturn are rising. In addition, the slowdown in GDP growth in the first half of the year has raised concerns about potential problems in the U.S. economy. The market's judgment on the increased probability of a rate cut in September is largely based on the interpretation of these economic risks. However, this does not mean that economic risks will necessarily occur. The market may reinterpret Powell's speech, realizing that the current rate cut measures are actually intended to prevent a potential economic recession. Meanwhile, the Bitcoin market has also experienced some fluctuations. Recently, the price has been quite volatile, and the trading turnover has slightly increased, indicating that some investors show signs of exiting. However, overall, investor sentiment remains relatively stable, and the selling pressure on Bitcoin is not significant. Today's increase is reasonable, but the market still needs to pay attention to the reactions of American investors next Monday to further assess the market trend. This series of events highlights the subtle connection between the macroeconomic situation and the cryptocurrency market. As global economic uncertainty increases, investors need to assess the risks and opportunities of various assets more cautiously.

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