U.S. Personal Consumption Expenditures Month-on-Month Rate in June

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Recent non-farm payroll employment data shows that the U.S. job market is significantly cooling down, and economic issues are gradually becoming apparent. This data has triggered strong market expectations for the Federal Reserve to cut interest rates in September. However, this rate cut seems more like a passive response to economic conditions rather than a proactive preventive measure. There are opinions that if the Federal Reserve could take preemptive action to lower interest rates, it might achieve a soft landing for the economy and avoid the current passive situation. This "closing the stable door after the horse has bolted" style of policy adjustment has raised many questions in the market. After the data was released, the cryptocurrency market experienced significant fluctuations. Ethereum briefly surged to around $4500 but quickly fell back. After the US stock market opened, the market faced a sharp decline. Currently, the price of Ethereum is hovering around $4250, a level considered an important resistance point on the daily chart. Although there was a slight rebound, last night's market volatility has caused considerable losses for bullish investors. In the current market conditions, investors may need to shift their attention to small-cap cryptocurrencies that have relatively small declines and rebound quickly. These projects often show more activity in terms of on-chain capital flow and project progress, and may present relative strength in the short term. During the weekend, due to the lack of influence from the U.S. stock market, the cryptocurrency market may continue to fluctuate. However, further downside is expected to be limited. For short-term traders, it may be worth considering swing trades at appropriate levels. More cautious investors might choose to reassess market conditions again on Sunday afternoon before making decisions. Overall, the current market is influenced by the interplay between expectations of Federal Reserve policy and the intrinsic dynamics of the cryptocurrency market. Investors need to closely monitor changes in economic data, policy signals, and market sentiment in order to better grasp investment opportunities and risks.

Next Tuesday will mark an important moment as a company named SOL Strategies is set to go public on NASDAQ. This is not just an ordinary IPO event, but a milestone for the Solana ecosystem's first foray into the mainstream Capital Market in the United States. This news has sparked a strong response in the investment community. In the Canadian market, related stocks saw a 20% increase on the day the news was announced, demonstrating investors' eager anticipation and recognition of this event. The listing of SOL Strategies is undoubtedly an excellent exposure opportunity for the Solana ecosystem. It not only enhances Solana's visibility in the traditional financial world but also establishes its credibility among a broader group of investors. This could attract more institutional investors to pay attention to and invest in the Solana ecosystem. For the voices questioning the value of Solana, this listing event is undoubtedly a strong response. When a company related to a blockchain project is able to list on one of the most influential stock exchanges in the world, its strength and development prospects cannot be underestimated. However, we should also remain rational. Although this is a positive signal, Solana's long-term success will still depend on its technological innovation, the healthy development of its ecosystem, and its performance in practical applications. Currently, the cryptocurrency market is undergoing adjustments, with macro factors such as U.S. employment data and the Federal Reserve's interest rate cut expectations also influencing market direction. In this context, investors need to operate cautiously and weigh risk against reward. Regardless, the listing of SOL Strategies undoubtedly brings new development opportunities and global attention to Solana, which could become an important catalyst for its further development.

The recently released non-farm payroll data shocked the market. There are clear signs of weakness in the U.S. labor market, and economic issues have surfaced. This data has sparked widespread expectations in the market for the Fed to potentially cut interest rates in September. However, a thought-provoking question arises: Is it too late to start cutting interest rates when the economy is already in trouble? The effectiveness of such an approach may be significantly compromised. Some argue that if preventive interest rate cuts are implemented early, it may lead to a smoother economic transition and avoid the current passive situation. After the data was released, the cryptocurrency market reacted violently. Ethereum briefly touched a high of $4500 but quickly fell back. After the US stock market opened, the market encountered severe sell-offs, and Ethereum once dropped to around $4250 before experiencing a slight rebound. This round of market fluctuations has caused significant losses for many investors. In this market environment, investors should not overly focus on cryptocurrencies that have significantly declined; rather, they should pay attention to assets that demonstrate resilience and the ability to rebound quickly. For example, projects like EIGEN and ENA show strong trends of capital inflow, and with positive news support, they may have high investment value at low levels. Currently, the market is entering the weekend, and with the US stock market closed, there is a lack of new buying pressure, so the market is expected to be mainly volatile. The downside potential may be limited, and intraday traders can patiently look for suitable entry points for short-term operations. For investors pursuing a stable strategy, it may be advisable to wait until Sunday noon, when the market direction may become clearer. In the face of the current complex market environment, investors need to remain calm, carefully assess risks, and allocate assets reasonably to cope with potential market fluctuations.