Orange Evening Interpretation 8.27 Trump can see that as long as these people still vote, it will be as hard as constipation to cut interest rates. The best solution is to change all the voters to their own Big cake continues to fluctuate between 110-112k. Now it is obvious that the interest of institutions in Big cake is weakening. Of course, it may also be because of the recent macro instability. Trump is not satisfied with the 25 basis points interest rate cut in September, which is far from the 300 basis points interest rate cut he has been talking about. This wave of dismissal of Fed director Cook in person may be to speed up this process. Trump can see that as long as these people still vote, interest rate cuts will be as laborious as constipation. The best solution is to change all the votes to their own people. The current macro situation is the fundamental reason why many institutions dare not act rashly. After all, the Fed is independent The nature is gone. Whether the hegemony and consensus of the US dollar will collapse and whether the US debt and stock markets will collapse are strongly related to the trend of the pie, The big cake I said yesterday is actually a special American stock. If the market collapses, the big cake will also fall in panic. Now the Wall Street Journal has reported that Trump may succeed in taking charge of the Federal Reserve, but the country will regret it eventually. Many institutional funds choose to wait and see, at least until the interest rate cut comes to fruition in September, or Trump and Cook's lawsuit comes to an end. In the past two days, even BlackRock has stopped buying, which is the vane. The current market is completely dominated by Ethereum, different from Big Pancake, The correlation between ETH and macro level is not as high now, because of different positioning. ETH has a large amount of data for fundamental analysis, and even several important tracks in the future, such as the stablecoin bill giving birth to a strong on chain market and the potential of RWA reaching trillions. All of this is based on ETH, so many capital processes now come in with a venture capital mentality, not pure and lower than currency inflation and storage value like a big cake. Therefore, the expected returns are higher due to high risks. In recent days, the daily inflow of funds into ETH ETFs has been around 400 million, which can be said to be the historical peak state. Cryptocurrency treasury is also buying crazily. Monday's buying data came out, and BMNR has restocked. More than 200000 pieces, with a total holding of over 1.7 million pieces now, Sbet's holdings are also close to 800000, and dynx's holdings are 345000. They haven't moved in the past two weeks, but last night the company changed its name and is now called ETHM. It seems that they will focus on making ETH treasury, and they should increase their buying efforts in the future. It can be foreseen that the trend of ETH will far exceed the big pie. It can be said that as long as the big pie does not turn into a demon, ETH will definitely break through 5k. Last night, Standard Chartered reiterated that ETH will reach 7.5k at the end of the year, which is an excellent entry point in the past two days. Tom Lee continued to shout that a new bull market is about to start, and ETH's 10-12k at the end of the year is stable. Last night, cro rose 50% directly, because Trump's listed company, djt, had set up a cro treasury company, and then planned to raise $6.4 billion to acquire cro tokens. Last night, it had bought $100 million of coins and pledged them. You should know that the strategic reserve of bitcoin announced by djt before was only $2.3 billion. It seems that cro has been called as its own younger brother. Later projects related to Chuanzi may use the cro wallet, but now cro's fdv has reached $21.6 billion, which is far more than the market value of Trump's listed company, djt, which is 5 billion, so it can't be ignored; In addition, the organization of Trump's eldest son, 1789 capital, invested tens of millions of dollars in the polymarket yesterday. Now Trump has a comprehensive layout in the currency circle. In the next few years, Trump should have a good trend. The biggest event in the knockoff market today was the targeted targeting of empty orders by XPL, which occurred on Hype, XPL went from a maximum of 0.5 dollars to 1.8 dollars early this morning, and this needle almost exploded all the empty orders on Hype, causing the coin price to drop. The sniper's operation instantly turned 1600W, and the single empty order was exploded by up to 250W dollars. Many people are XPL spot hedging, and many of them are just 2x hedging policies that have been exploded. The whole incident only happened on Hype, and the contract prices on other CEX platforms are still stable. This reminds me of the Jelly incident a few months ago, when price manipulation also occurred on Hype, transferring huge loss orders to HLP, and the biggest loss was also It's over a hundred million, and then Hype just played tricks and rolled back the transaction. Later, they even lowered the leverage ratio. These two price attacks both demonstrate Hype's ability The shortcomings include: firstly, pricing is only related to internal orders, without external oracle coordination; secondly, the risk of 3x leverage on pre-market trading is too high, and liquidity is too poor. The reason why attackers do not target users on CEX is because they cannot escape after making money. Previously, when Bitget contracts were wrongly hedged, legal letters were sent to users, making it easy for CEX to shut down. Of course, this is also the advantage of Hype. And from the price trend of Hype, you can't even see a slight decline, and it is still steadily rising today. The token XPL, which was attacked on CEX, is also steadily rising, as if nothing happened, and only the underwriters on Hype bear the losses. Perhaps this is where the risk in the cryptocurrency circle lies. Never think that your risk control is 100%. Even though the United States has already improved the framework of cryptocurrency regulation, this is still a primitive era. Even if you are the most experienced and professional trader in the traditional world, it is difficult to completely avoid risks in the cryptocurrency market. As long as you use leverage, you must be prepared for liquidation, even for 2x hedging.