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According to Jinshi reports, U.S. short-term interest rate futures rose, as the market expects an increased likelihood of the Federal Reserve cutting interest rates in 2026.

According to Jinshi reports, the interest rate swap market shows a dovish shift, with current pricing indicating that the Federal Reserve will cut rates by 15 basis points in December.

According to Coinglass data, the Coinbase Bitcoin premium index has been positive for 9 consecutive days, currently reported at 0.0117%. The buying sentiment in the U.S. market continues to warm up, after being in negative premium for 15 consecutive days.ChainCatcher Note: The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing capital flows in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, rising market risk aversion, or capital outflows.

According to Jin Shi's report, UBS's research indicates that the Federal Reserve is still on a path of further easing. Federal Reserve Chairman Powell recently downplayed the necessity of tightening monetary policy due to rising energy prices, emphasizing that policymakers typically "ignore" supply shocks such as soaring oil prices.UBS expects that the Federal Reserve will cut interest rates by 50 basis points later this year and believes that U.S. Treasury yields have ample room to decline, with year-end targets of 3.25% for the 2-year Treasury yield and 3.75% for the 10-year Treasury yield.

According to Jinshi reports, Deutsche Bank expects that the Federal Reserve will keep interest rates unchanged in 2026, whereas the previous forecast was for a rate cut in September.

According to Jin Shi reports, Federal Reserve Governor Milan stated that, given the inflation situation that had already emerged before the Middle East conflict, he may lower his expectations for interest rate cuts again this year. Milan mentioned that if he were to draw the dot plot now, he would lean towards cutting rates 3 times, possibly 4 times, but has not made a final decision yet. In March, he expected to cut rates 4 times this year, each by 25 basis points, but the pace of cuts may slow down if price trends become "less favorable."

According to Jinshi reports, Federal Reserve Governor Milan stated a preference for three interest rate cuts this year, but it could also be four.

According to Jinshi reports, Federal Reserve Governor Milan stated that it is likely that there will only be three interest rate cuts for the remainder of this year.

According to Coinglass data, the Coinbase Bitcoin premium index has been positive for 8 consecutive days, currently reported at 0.0401%. The buying sentiment in the U.S. market continues to warm up, after previously being in negative premium for 15 consecutive days.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investors' risk appetite, an increase in market risk aversion, or capital outflow.

According to PaymentsJournal, stablecoin payment infrastructure provider PhotonPay announced a comprehensive upgrade to its payment capabilities, officially moving towards the new paradigm of Agentic Payments. At the core of this transformation is the shift in finance from "directive" to "intent-centric," enabling AI agents to autonomously plan and execute complex financial pathways.It is reported that PhotonPay has divided its system into three main modules: global network layer, core execution layer, and intelligent decision-making layer. AI agents can automatically complete the entire process of procurement triggers, payment path optimization, dynamic exchange rate optimization, and compliance review based on preset goals, achieving machine-to-machine (M2M) cross-border capital flow, covering over 200 countries and regions, and supporting real-time processing of financial decisions.In terms of market prospects, McKinsey predicts that by 2030, the global Agentic Commerce driven by AI agents will reach a scale of $3 trillion to $5 trillion, which also provides important market endorsement for PhotonPay's strategic layout.

According to Jinshi reports, U.S. Treasury Secretary Becerra stated that he understands the Federal Reserve needs to wait for the right moment to cut interest rates and pointed out that the Federal Reserve will ultimately lower interest rates further.

According to Jinshi reports, former U.S. Treasury Secretary Yellen stated that she still believes there is a possibility of interest rate cuts later this year; however, the fluctuations in oil prices caused by the Iran war have cast a shadow over the outlook. Yellen pointed out that this is a broad supply shock affecting multiple areas, including gasoline, liquefied natural gas, fertilizers, food, shipping costs, and semiconductors. While the possibility of raising interest rates cannot be ruled out, stable long-term inflation expectations suggest that this is unlikely to happen. She expects that there may be interest rate cuts by the end of this year.

According to Jinshi reports, former U.S. Treasury Secretary Yellen stated that Federal Reserve Chair nominee Kevin Warsh lacks "credibility" in advocating for interest rate cuts.

According to Gate market data, U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially rising 0.66%, the S&P 500 index up 1.1%, and the Nasdaq up 1.96%, achieving a consecutive 10 trading days of gains. Nvidia (NVDA.O) and Amazon (AMZN.O) both rose 3.8%, while Tesla (TSLA.O) increased by over 3%. The Nasdaq Golden Dragon China Index closed up 2.3%, with iQIYI (IQ.O) rising 11% and JD.com (JD.O) soaring nearly 8%.

According to Jin Ten, Chicago Federal Reserve President Goolsbee stated on Tuesday that if the Iran war leads to persistently high oil prices, thereby slowing the process of inflation returning to the Federal Reserve's 2% target, the Federal Reserve may not lower interest rates until 2027. He mentioned that he originally thought there could be multiple rate cuts in 2026, but if inflation remains high, the timing of rate cuts will be delayed. His confidence has weakened, noting that in some cases, interest rates may be raised.

According to Jinshi reports, White House National Economic Council Director Hassett stated that the Federal Reserve still has room to cut interest rates.