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Fed Chairman Jerome Powell's speech hinted at imminent quantitative easing and interest rate cuts to prevent labor market cooling. Market reactions:

- Bitcoin price bounced
- Expected September rate cut: 30 basis points
- Total annual cut expected: 95-100 basis points
- Future rate movements dependent on employment data
- Fed's focus shifts from inflation to labor market risks

In essence, Powell's speech signaled a more cautious approach to tightening policy, prioritizing labor market stability while still aiming to control inflation.

$STRK has now started its movement and wait for the next month.
Starknet Allows STRK Holder to Vote for Staking Proposal
The STRK voting proposal will focus on implementing STRK staking and refining the minting mechanism.
The STRK staking feature will come with a 21-day locking period after deciding to unstake the tokens.
The Starknet minting mechanism allocates new tokens and fees to smart contract developers based on contract value.
Per the latest development, Ethereum Layer 2 Starknet said that it would soon allow holders of the native STRK tokens to vote on the mainnet for governance issues, thereby making a significant milestone for the entire ecosystem.

The first voting proposal focuses on introducing the STRK staking on the Layer 2 platform, thereby allowing users to give their inputs on the minting mechanism as well as the conditions for modifying its parameters.

Community members would need to thoroughly review the proposal, share their feedback, as well as actively participate in the crucial vote, as soon as it goes live. Starknet will be having a 5-day voting period between September 9-13 next month.

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$RARE Trade Alert!
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