The Federal Reserve unanimously approved a 25-basis-point rate hike with a 12–0 vote on September 16, raising the target range by 0.25 percentage points to 3.75%–4.00%, the first such increase since July 2023. What truly shocks the market is not the rate hike itself (already priced in with a probability of more than 92%), but the Summary of Economic Projections (dot plot) and the hawkish language used by Fed Chair Powell. PCE inflation expectations were raised to 3.7 percentage points, the timing for inflation to return to 2 percentage points was pushed back by one year to 2029, and the median interest rates for 2026 and 2027 were both set at 4.1 percentage points. The last time the US, Europe, and Japan’s three major central banks were simultaneously in a rate-hike cycle dates back to 2006.#美联储加息是否已成定局
Market reaction: The US Dollar Index surged 0.64 percentage points to 100.252 (the largest single-day increase since mid-June); the 2-year US Treasury yield rose to 4.7359 percentage points, the highest level since 2024; the 10-year yield returned to 5.0225 percentage points; the Dow Jones fell 51461.90 by 1.21 percentage points; spot gold (xau) $4264.26 briefly dropped sharply—about 3 percentage points from its intraday high; WTI fell 102.43 by 3.21 percentage points. The Hong Kong Monetary Authority in China also followed with a 25-basis-point hike to 4.25 percentage points, and central banks in several Gulf countries moved in sync.
Key crypto-side dynamics
Zcash passed the NU7 governance vote with an overwhelming majority: nearly 2.4 million ($ZEC ) participated (about two-thirds of the eligible supply). 99.9% supported shortening block production time from 75 seconds to 25 seconds, and 98.9% supported keeping the halving mechanism. Grayscale’s spot ZEC ETF (#ZCSH ) attracted more than $463 million in net inflows over three weeks. #zec saw short liquidations exceeding $45 million in a single day, and market cap briefly approached $22 billion. The CLARITY Act procedural vote failed 49 to 50, and the regulatory path returned to SEC administrative rules. Standard Chartered Bank initiated coverage for $ARB , issuing a $10 target price by end of 2030. Trump publicly called for bringing interest rates below 1 percentage point; policy disagreements between the White House and the Federal Reserve have been made public.#Zcash持币者投票支持NU7升级
Market moves and patterns
$CASHCAT shows a cup-and-handle breakout structure. $LSK ’s bear flag broke down (the monotonic amplification of losses across four cycles) is the cleanest short sample of this round. $NEAR’s roadmap SPICE upgrade targets reducing block production time from 600 milliseconds to 200 milliseconds, and plans to achieve a consensus among quantum-safe validators by the end of 2027. Grayscale has already submitted an application in January for a NEAR trust-to-ETF conversion.
On the A-share market, the Shanghai Composite rose 0.71% to 3891.60; in Hong Kong, the Hang Seng rose 0.19% to 24713.78.
Market reaction: The US Dollar Index surged 0.64 percentage points to 100.252 (the largest single-day increase since mid-June); the 2-year US Treasury yield rose to 4.7359 percentage points, the highest level since 2024; the 10-year yield returned to 5.0225 percentage points; the Dow Jones fell 51461.90 by 1.21 percentage points; spot gold (xau) $4264.26 briefly dropped sharply—about 3 percentage points from its intraday high; WTI fell 102.43 by 3.21 percentage points. The Hong Kong Monetary Authority in China also followed with a 25-basis-point hike to 4.25 percentage points, and central banks in several Gulf countries moved in sync.
Key crypto-side dynamics
Zcash passed the NU7 governance vote with an overwhelming majority: nearly 2.4 million ($ZEC ) participated (about two-thirds of the eligible supply). 99.9% supported shortening block production time from 75 seconds to 25 seconds, and 98.9% supported keeping the halving mechanism. Grayscale’s spot ZEC ETF (#ZCSH ) attracted more than $463 million in net inflows over three weeks. #zec saw short liquidations exceeding $45 million in a single day, and market cap briefly approached $22 billion. The CLARITY Act procedural vote failed 49 to 50, and the regulatory path returned to SEC administrative rules. Standard Chartered Bank initiated coverage for $ARB , issuing a $10 target price by end of 2030. Trump publicly called for bringing interest rates below 1 percentage point; policy disagreements between the White House and the Federal Reserve have been made public.#Zcash持币者投票支持NU7升级
Market moves and patterns
$CASHCAT shows a cup-and-handle breakout structure. $LSK ’s bear flag broke down (the monotonic amplification of losses across four cycles) is the cleanest short sample of this round. $NEAR’s roadmap SPICE upgrade targets reducing block production time from 600 milliseconds to 200 milliseconds, and plans to achieve a consensus among quantum-safe validators by the end of 2027. Grayscale has already submitted an application in January for a NEAR trust-to-ETF conversion.
On the A-share market, the Shanghai Composite rose 0.71% to 3891.60; in Hong Kong, the Hang Seng rose 0.19% to 24713.78.
