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It merely adds a layer of abstraction and does not represent a purely cryptocurrency-based application scenario.
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Daily market highlights and trend analysis, produced by PANews. 1. Market Observations: Driven by the Federal Reserve's rate cut of 25 basis points and plans to purchase $40 billion in short-term US Treasuries per month under an easing expectation, precious metals have performed exceptionally well. Gold surged past its December high, with prices nearing the $4,290 mark, while spot silver climbed above $64, continuing to set new historical highs. However, signs of weakness have emerged in the US labor market, as initial jobless claims surged by 44,000 to 236,000 last week, marking the largest weekly increase since the pandemic. Coupled with data showing a narrowing trade deficit, these developments have kept markets cautious about the economic outlook. Meanwhile, China