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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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The probability of a 50 basis point rate cut in the United States is about 58%, triggering bets from traders. The market expects the Federal Reserve to start a rate cut cycle this week, which will be detrimental to the US dollar. With the future easing of the Federal Reserve's monetary policy in the coming months, the US dollar will decline cyclically. The yen, Australian dollar, and other currencies have been boosted by this, and the Exchange Rate has risen to its highest level in months.