The Federal Reserve cut by 25 basis points. Although the action aligns with market expectations, the signals released by the dot plot are more hawkish, with only one rate cut left for next year.

$SEI announced a partnership with Xiaomi Group, covering 680 million users + 170 million new users annually, allowing users to open wallets directly with Google/Xiaomi accounts and also use USDC for payments.

However, despite such a favorable development, SEI has not risen at all; recently, the trend has been to observe more and act less. Until Bitcoin breaks out of the major trend, altcoins will struggle to rise.