The Federal Reserve has initiated its easing cycle by lowering its benchmark interest rate by 50 basis points. This marks the first rate cut in four years and is accompanied by a decrease in the price of Bitcoin, Ethereum, and Solana. The Fed's decision is driven by a focus on supporting the cooling U.S. labor market and addressing inflation concerns.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.