Zhuge Mei reported:
At the U.S. Senate hearing, Gary Gensler, director of the U.S. Securities and Exchange Commission, said that he expects the S1 application for the spot ETH ETF to be approved sometime in the summer.
As the Federal Reserve expressed that it would not rush to relax monetary policy, U.S. money market funds had inflows of about $28 billion that week, and the scale rose to a record $6.12 trillion.
The Jackson Hole Central Bank Annual Meeting was held in August. Federal Reserve officials have always used speeches at this forum to indicate major changes in the Fed's plans or ideas.
The process is very difficult now! There will definitely be unexpected gains in the end!
The easing will be in the second half of 2024, and the process will be equally difficult for everyone! It will eventually turn to flooding! What I see is long-term profits!
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