AICoin Focus: Daily Hotspot Selection (October 2nd)

Odaily Planet Daily News: Citadel Securities stated that the strong US economy and stubborn inflation will lead to the Federal Reserve only cutting interest rates once again in 2024. Michael de Pass, Global Head of Interest Rate Trading at Citadel Securities, said in an interview, "I would boldly say that we will ultimately only see a 25 basis point rate cut for the rest of this year." The market "still suggests a 50 basis point rate cut this year. When we look at it, whether in terms of the strength of the underlying economy or the stickiness of inflation, this number is a bit too high." After creating strong job data in the United States in September, swap traders have lowered their expectations for further rate cuts by the Federal Reserve, currently expecting a rate cut of about 47 basis points by the end of 2024. Before the release of the employment report, they expected to cut interest rates by about 75 basis points by the end of the year. Michael de Pass said that the adjustment is reasonable, but still too radical. (Golden Ten P)

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It’s getting easier for Latin Americans to gain exposure to U.S. Treasury bills.

According to official sources, Animoca Brands announced today that it plans to acquire more PROS tokens from the public market. PROS is Prosper's utility token, which has been redesigned to bring institutional level Bitcoin mining capabilities onto the chain and seek to provide comprehensive exposure for Bitcoin hash rates and the wider Bitcoin ecosystem. Animoca Brands stated that this acquisition demonstrates the company's support for Prosper's new strategic direction, which will bring new practicality to the PROS token and demonstrate its commitment to the Bitcoin ecosystem.

Validators voted for an emergency downtown on the Hyperliquid bridge to Arbitrum after being served bad data in an “extremely rare edge case.”The lockup lasted about four hours and user funds were not at risk, according to an incident report.