Trump promises to relax regulation, old coins in the DeFi sector surge
According to Bitget market data, with the rise of the public chain ETH, old coins in the DeFi sector such as TRB, ALPACA, YFI have all seen significant increases. Specifically:
TRB has increased by 52.04% in the past 24 hours, priced at $85.7376;
ALPACA has risen by 33.96%, priced at $0.192846;
YFI's increase is 30.73%, priced at $7084.49.
The market generally expects that if Trump takes office he may relax regulations on DeFi, a message that has boosted related asset performance in the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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After Walsh's hawkish remarks, Trump said: "Raising interest rates is absurd. Walsh will do what he must do."
On Monday, Trump said he had great respect for Walsh, stating, "He will do what he needs to do," and added, "In my view, we should be paying interest rates far lower than anywhere else in the world. Raising rates is absurd." Following Walsh's hawkish remarks at the Jackson Hole symposium last Friday, market pricing for a rate hike in September rose to about 60%. Barclays now expects the Federal Reserve to raise rates twice more this year, in September and December, whereas previously, Barclays had predicted no further rate hikes this year.
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