4E Exchange: The three major U.S. stock indices fell across the board, the cryptocurrency market plummeted, and stablecoin financial products became a potential safe-haven choice

ChainCatcher news, according to 4E Exchange monitoring: On Friday, all three major U.S. stock indexes fell. In the first trading week of September, the Nasdaq dropped 5.77%, marking the largest weekly decline since January 2022; the S&P fell 4.25%, and the Dow Jones dropped 2.93%, both recording the largest weekly decline in a year and a half. The cryptocurrency market continued to plummet, with Bitcoin dropping over 10.51% for the week and Ethereum falling over 13.84%.

U.S. non-farm payrolls in August fell short of expectations, and after experiencing recent turmoil in the stock market, the market is like a startled bird, amplifying any shortcomings. Although the market expects the Federal Reserve to start a rate-cutting cycle this month, Fed officials did not clearly indicate a 50 basis point cut in September, which disappointed the market somewhat. September has historically been a poor-performing month for U.S. stocks and cryptocurrencies, with weak market confidence indicators. Against this backdrop, eeee.com launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with a potential hedging option to achieve stable returns amid market turbulence.