Trump promises that Bitcoin and cryptocurrencies will thrive in the United States, and states that DePIN use cases will legalize cryptocurrencies
The Blockchain Association announced that the elected President of the United States, Donald Trump, attended the annual dinner of the Blockchain Association and gave a speech: He affirmed the efforts made by the Blockchain Association for US cryptocurrency legislation; stated that real use cases like DePIN legitimize cryptocurrencies and are on top of legislative priorities; promised to ensure Bitcoin and cryptocurrencies thrive in America.
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Deutsche Bank: After the three major central banks hiked rates simultaneously, the market may once again underestimate the terminal interest rate
Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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