ChainCatcher news, 10x Research pointed out in its market analysis that the market trend has clearly shifted after the Fed's interest rate cut, and investors' preference for DeFi and high-beta assets has increased. At the recent Token2049 conference, several key themes hinted at the impact of interest rate cuts on the DeFi revival. The tokenization of physical assets shows that the market demand for treasury-type on-chain tokens has decreased because lower interest rates make them less attractive.

At the same time, Bitcoin broke through $60,000 and aimed at $65,000, and savvy traders began to accumulate undervalued altcoins such as TAO, ENA, SEI, APT, SUI, NEAR and GRT, betting on a strong rebound in the fourth quarter.