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BEAR OF THE WEEK! The #Bear of the week is $PUMP with a drop of over 25% in price in the last 7 days! This price decrease is due to whale sell-offs causing panic for investors of the #Token and causing this #Bearish week!

In a recent farewell speech, the remarks made by Fed Chairman Powell drew widespread follow. As long-termists, we should pay more attention to the impact of his statements on the medium to long-term market, rather than short-term Fluctuation. Powell's speech did not explicitly commit to a rate cut in September, but proposed more far-reaching institutional reforms. He announced that the Fed will modify its policy framework, expected to be completed by the end of summer. The core of this transformation is to abandon the long-held 2% fixed inflation target in favor of a more flexible inflation measure. This shift means that the Fed will begin implementing a new monetary policy in the fourth quarter. The new policy framework may allow inflation rates to fluctuate within a certain range, rather than being strictly controlled at 2%. This flexibility provides greater room for future monetary policy operations. It is worth noting that this policy adjustment may signal that the United States is entering a new monetary easing cycle. In the future, we may see a series of interest rate cuts and the implementation of quantitative easing policies. However, investors should be cautious about this change. While it may stimulate the market in the short term, the long-term effects require in-depth analysis. Adjustments in monetary policy typically have complex effects on the prices of various assets, and investors need to comprehensively assess risks and opportunities. Overall, Powell's speech marks a significant shift in the Fed's policy thinking, which could have far-reaching effects on global financial markets. We should closely follow the specific implementation of subsequent policies and their impacts on economic growth, inflation, and asset prices.

The crypto assets market seems to be experiencing a déjà vu. Last August, Powell hinted at a possible interest rate cut during the Jackson Hole meeting, and subsequently, Bitcoin ended its fluctuations and began to rise, while altcoins were hesitant. It wasn't until the release of the US Non-farm Payrolls (NFP) that the bull run actually kicked off. This year, we have seen a similar pattern, but the leading role has changed. Powell once again broke the norm at the Jackson Hole meeting, sending dovish signals. However, unlike last year, this year's main character seems to have become Ethereum (ETH). Looking back at last year, Bitcoin continued to pump after the Jackson Hole meeting, with no weekly pullbacks, ultimately doubling by the end of the year, reaching the milestone of one hundred thousand dollars. So, can Ethereum replicate Bitcoin's success from last year this year? Although the possibility of Bitcoin creating miracles in this round is low, Ethereum may become the market focus. As for other alts, their performance and timing remain unknown. In this rapidly changing Crypto Assets market, investors need to closely monitor market trends, especially the performance of Ethereum. At the same time, one should also be wary of the misleading implications that historical similarities may bring. Each period of the market has its uniqueness, and blindly following past patterns may pose risks. Overall, although the market patterns seem similar, the change of the main players may lead to different outcomes. Investors should remain vigilant, pay attention to market changes, and make informed decisions based on real-time data.