"A significant downside surprise in labor market data could lead to a sharp decline in interest rates. We remain biased towards long and expect rates to continue to move lower throughout the year." According to the CME FedWatch Index, traders are almost certain that the Federal Reserve will cut interest rates by one basis point next week (9/17) and lower the federal benchmark interest rate to the range of 3.75% to 4% before the end of the year.
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BERT has emerged as one of the stronger-performing tokens, currently trading at $0.0752. Despite the broader market’s volatility, the meme coin has shown resilience. BERT’s performance stands out, making it an interesting asset for investors. The Ichimoku Cloud, positioned below the candlesticks, signals that bullish momentum is likely to persist. If this trend continues, BERT could push past $0.079 and establish it as support. A successful breakout could pave the way for further gains, with a potential target price of $0.090, driving investor optimism.
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Merlin Chain is one of the first attempts to build a zkEVM Rollup for Bitcoin, combining zero-knowledge proofs, BitVM-based Bitcoin security, and a decentralized oracle network. It batches off-chain transactions, generates ZK proofs of state transitions, and submits these proofs to Bitcoin's Layer 1 for finality. To address data availability (which Bitcoin cannot natively provide), Merlin uses a Data Availability Committee (DAC), comprised of oracle nodes that store and attest to off-chain data. In its proposed architecture, these DAC nodes must stake BTC and face slashing if they sign invalid state updates that are later disputed.
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