According to IFR, a Reuters news outlet, the first headline news for market participants, aside from the 25 basis point rate cut, is likely to be the dissenting opinion of three or more officials. Waller, Bowman, and Milan will undoubtedly be the three who favor a larger rate cut, while the other dissenters could be Goolsbee, Schmid, or Musallem, who favor maintaining interest rates. However, what traders are really focused on is the FOMC's dot plot, predicting only one rate cut in 2025, or perhaps two. Trump's strategy in removing Fed Governor Cook is likely intended to ensure two more rate cuts in 2025, following today's rate cut. (Jinshi)

According to Odaily Planet Daily, Trump's second son, Eric Trump, said that cryptocurrency is the "perfect hedge tool" for real estate assets, and that the Trump Organization has "almost no debt" and is committed to owning a share of Bitcoin in the United States. (Jinshi)

According to Odaily Planet Daily, according to Lookonchain monitoring, BlackRock deposited 4,538 ETH into Coinbase Prime, worth US$20.42 million. In addition, BlackRock also received 293.6 BTC from Coinbase Prime, worth US$34 million.

According to an investment outlook report from Odaily Planet Daily, BlackRock (BLK.N), the world's largest asset management company, is "upgrading its risk allocation" by significantly increasing its holdings of US stocks and increasing its exposure to artificial intelligence (AI) within its $185 billion model portfolio platform. The outlook report notes that, thanks to the US stock market's "top-tier earnings performance," BlackRock increased its allocation to US stocks across its series of model portfolios at the expense of international developed market stocks. Following the adjustments, these portfolios' overall equity holdings were 2% overweight. Data shows that on Tuesday, the day BlackRock completed its asset allocation adjustments, billions of dollars in capital flows occurred between its corresponding exchange-traded funds (ETFs). BlackRock's adjustments to its model portfolios are a vote of confidence in the US stock market's rally: the S&P 500 has reached record highs this year, driven by a surge in investment in AI and market bets that the Federal Reserve is about to begin a cycle of interest rate cuts. BlackRock said in an investment report that relatively strong earnings performance by U.S. companies will drive U.S. stocks higher, noting that since the third quarter of 2024, U.S. corporate earnings have grown by 11%, while earnings growth for similar companies in other developed markets has been less than 2%. (Jinshi)

Odaily Planet Daily News: Curve Finance founder Michael Egorov announced a proposal called Yield Basis on the Curve DAO governance forum to create three Bitcoin-centric funding pools, aiming to distribute sustainable returns to CRV holders. The agreement will distribute 35%-65% of earnings to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. In addition, holders can also stake tokens to participate in governance voting and obtain veCRV tokens. According to the proposal, Curve will mint $60 million worth of crvUSD stablecoins before the launch of Yield Basis, and the proceeds will be used to support three Bitcoin-focused funding pools: WBTC, cbBTC, and tBTC, with an upper limit of $10 million for each funding pool. (CoinDesk)