Recently, the global financial markets have presented a complex situation. The US stock market recorded its third-largest intraday trading volume since 2008 yesterday, a phenomenon closely related to the Central Bank of Japan's interest rate decision. The decision by the Central Bank of Japan to maintain interest rates unchanged triggered a brief fluctuation in the Crypto Assets market, reminiscent of the market turmoil last August.

However, the current market environment is different from last year. The expectation of a rate hike may not trigger a severe market reaction. The main reason is that the current economic situation has changed. The core logic of Japan's interest rate hike is to increase the domestic currency return rate to attract funds back to the local market. This may lead to some funds that originally utilized the low-interest yen to invest in overseas stock markets or crypto assets to flow back, creating short-term pressure on the risk asset market.

The financial landscape in October is expected to be more interesting. The United States may lower interest rates, while Japan may raise them, which will create a tug-of-war between bullish and bearish forces. The two policies may offset each other; although Japan's rate hike could prompt a return of funds, the US's rate cut policy will lead to a more relaxed financial environment. Japan's policy direction seems to go against the global trend, as other countries generally adopt easing policies while Japan chooses to tighten. This unique policy orientation deserves attention.

Meanwhile, the leaders of China and the United States recently held a telephone conversation, showing positive signs of improving relations. This could have a positive impact on the global economy.

Domestically, several express delivery companies such as SF Express and Jitu have announced price increases, which may indicate rising inflationary pressures. However, this might also lead to a recovery in the A-share market, and the real economy could enter a relatively favorable development period.

Overall, the current global economic situation is complex and volatile, with varying policy orientations among countries, which brings new opportunities and challenges to the Crypto Assets market. Investors need to closely monitor various factors and make prudent decisions.