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Golden Ten Data October 7th News, Saudi sovereign wealth fund PIF is considering holding shares in sports company Dazn, planning to invest $1 billion and hold 10% of the latter. In recent months, Dazn has contacted at least three investment funds regarding various strategic partnerships. The company hopes to achieve a valuation of $10 billion to $12 billion through a potential transaction. Dazn's investors include billionaire Len.

Odaily Planet Daily News Traders expect the Federal Reserve to further cut interest rates by less than 50% this year

On October 4th, according to Lookonchain's monitoring, a historic Whale of ETH network is still dumping ETH. 45 minutes ago, the Whale sold another 6,000 ETH ($14.11 million). Since September 22nd, he has sold 40,000 ETH ($101 million) at an average price of $2525. The Whale still holds 99,500 ETH (2.38...)

According to Coinglass data, in the past hour, the total amount of liquidated positions on the entire network was $34.1578 million, of which $33.6404 million was from long orders and $51.75 was from short orders.

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Fed Chairman Powell said the U.S. economy will achieve soft landing and will further "readjust" the rate cut process based on the upcoming economic data. He believes that the economy is currently in a environment of mild rise and sustained inflation falling towards the target, and the labor market can maintain resilience. If the economy continues to develop along its current trajectory, it is expected that there will be two more 25 basis point rate cuts this year, while the market has been betting on a more aggressive rate cut cycle.

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The head of the Interest Rate strategy department at Deutsche Bank said that widespread risk aversion, stabilized oil prices, and robust data have reduced the likelihood of a 50 basis point interest rate cut at this meeting of the Federal Reserve. Deutsche Bank analysts are inclined to bet on a 25 basis point rate cut. However, the market still believes that the probability of a 50 basis point rate cut is higher than that of a 25 basis point rate cut.

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#The Fed’s Rate Cut: Will the Crypto Market See a Surge?
The latest statistics are 50% 50%. The meeting before the elections increased market pressure 🧐🤔

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