Bitcoin bulls are optimistic about potential Fed interest rate cuts, believing they could stimulate liquidity and lead to another bull run akin to 2020-21. Despite the current benchmark fed funds rate at 4.25%, there is a 9% chance of it falling to zero within the next seven years. Analysts suggest the Fed has been implementing 'stealth' rate cuts by easing liquidity through various measures. Meanwhile, large traders are increasingly investing in bitcoin call options, reflecting renewed bullish sentiment. In other developments, Bit Digital transitioned its Treasury to ether, and Dubai approved a new money market fund. Additionally, 53 companies have secured licenses under the EU's MiCA regulation, signaling demand for compliance-friendly products. In traditional markets, government bond yields are showing renewed volatility, with Japan's 30-year yield reaching a peak this month. Crypto markets are reacting to macroeconomic factors, with several token events and upcoming regulatory discussions expected.

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