spot gold rose to a new high before narrowing its gains, now trading at $3683 per ounce, falling more than $20 from its record high.

 Federal Reserve's dot plot shows that out of 19 officials, 1 official believes that there will be no rate cut in 2025 (compared to 7 in June), 6 officials believe that there should be a cumulative rate cut of 25 basis points in 2025, i.e. 1 rate cut (compared to 2 in June), 2 officials believe that there should be a cumulative rate cut of 50 basis points in 2025, i.e. 2 rate cuts (compared to 8 in June), 9 officials believe that there should be a cumulative rate cut of 75 basis points in 2025, i.e. 3 rate cuts (compared to 2 in June). One official (likely Milan) believes that there should be a significant rate cut of 150 basis points in 2025, i.e. at least two more significant rate cuts within the year (75BP+50BP).

latest economic forecast from the Federal Reserve shows that policymakers expect the median inflation rate at the end of this year to remain at 3%, well above the central bank's target of 2%, consistent with the previous forecast in June. The forecast for the unemployment rate also remains unchanged at 4.5%, and the forecast for economic growth has been raised from 1.4% to 1.6%.

market shows BTC falling below $115,000, now trading at $114,973.49, with a 24-hour decline of 1.33%. The market is volatile, so please manage your risks carefully.

after the Federal Reserve's decision was announced, spot gold hit a record high of $3704 per ounce, surpassing the previous high of $3703.1 per ounce, with a cumulative increase of over 40% for the year.

after the FOMC statement, the probability of the Fed cutting interest rates in October is 94%, while before the statement, this probability was 71.6%.

Fed's forecast shows that out of 19 officials, 9 expect to cut interest rates twice in 2025, 2 expect to cut interest rates once, and 6 expect no further rate cuts.

 Federal Reserve FOMC statement: Federal Reserve Governor Milan opposed the interest rate decision this time and believed that interest rates should be cut by 50 basis points.

Federal Reserve cut the benchmark interest rate by 25 basis points to 4.00%-4.25%, in line with market expectations, resuming the rate cut pace that had been paused since December last year.

according to a chart released by @CryptoGucci, the stablecoin market on the Ethereum network has just hit a historical high of $176 billion.