Big news on interest rate cuts! The Federal Reserve's interest rate cut meeting on the 10th has the market celebrating the rate cut frenzy, but be careful of the ending; on the other hand, stablecoins are quietly rewriting the US Treasury game — behind the opportunities, there are new explosion points.

Market's dual main lines: Interest rate cut speculation × Stablecoin explosion

🔥 Interest rate cuts have gone crazy, but the cracks are widening.

The market is betting wildly: December interest rate cut probability >80%.

However, there are still internal disputes within the Federal Reserve — inflation remains high, but economic data is already weak. This kind of tearing leaves all predictions in question.

⚠️ Be careful of "good news fully priced in turns to bad news"

The S&P 500 is approaching a strong resistance at 6900 points, and interest rate cut expectations have long been priced in. Once confirmed, profit-taking may collectively retreat.

📈 Strangely: With such strong interest rate cut expectations, long-term US Treasury yields are rising instead of falling… What is the market really afraid of?

💡 Operational thoughts

· Keep a close watch on the S&P 6880-6900; if it can't break through, watch for support at 6700.

· After the interest rate cut, funds may flow from giant tech stocks to small-cap and value stocks.

· Prepare plans in advance to cope with the volatility after the "news lands."

🚀 Stablecoins: The "new appetite" for US Treasuries

The tokenized US Treasury scale has soared past $7.4 billion, growing even faster than traditional stablecoins. BlackRock and Fidelity have entered the battlefield.

🔗 The strongest driving force: The US "GENIUS Act" opens the door to compliance — requiring 1:1 reserves of quality assets, and clearly stating it is not a security.

🌍 New weapon for the dollar: The Treasury views compliant stablecoins as a new lever for expanding dollar hegemony, aiming for a share of the future digital economy.

⚠️ Bright side B

· Stablecoin issuers have become major buyers of US Treasuries, creating new demand.

· But the BIS warns: The impact on US Treasuries when funds flow out may be harsher than when they flow in.

· The key is to choose transparent and compliant issuers, and beware of sudden "decoupling" and systemic risks. $BTC $ETH $ZEC #美联储重启降息步伐