According to PANews on October 14th, prediction market developer Opinion Labs officially launched its new brand, "Opinion," and updated its visual identity with an orange color scheme. While retaining general prediction markets for news, sports, and other topics, the Opinion mainnet will focus on "macroeconomic forecasting infrastructure" in its first phase. Users will be able to trade indicators such as CPI, interest rates, and employment to hedge macroeconomic risks. This marks Opinion's evolution from a general prediction market to a global economic and information financial infrastructure.According to PANews on October 14th, prediction market developer Opinion Labs officially launched its new brand, "Opinion," and updated its visual identity with an orange color scheme. While retaining general prediction markets for news, sports, and other topics, the Opinion mainnet will focus on "macroeconomic forecasting infrastructure" in its first phase. Users will be able to trade indicators such as CPI, interest rates, and employment to hedge macroeconomic risks. This marks Opinion's evolution from a general prediction market to a global economic and information financial infrastructure.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more