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According to GMGN market data, the Solana chain AI concept token arc's market value briefly broke through 220 million US dollars, currently reported at 0.200 US dollars, setting a new historical high with a 24-hour increase of 55.7%.

10x Research released a report stating that not every decline brings a buying opportunity. It stated that although we expect the tone of Federal Reserve Chairman Powell to be slightly hawkish, the Fed's updated median interest rate forecast has unsettled the market. This forecast suggests not only will there be an increase in 2025, but also in 2026 and 2027. Powell hinted it might take 1-2 years to return to a 2% inflation target, which further reinforced hawkish sentiment. The shocking predictions for the next few years indicate that interest rates may remain high for an extended period. Stocks fell by 3%, Bitcoin dropped by 4%. Due to lack of retail trading activity, altcoins have fallen into trouble with even greater losses; many altcoins plummeted by 10% or more. Although the impact of Trump's policies remains speculative, weak demand from European economies and China could suppress global growth (and inflation). Meanwhile, a stronger dollar could put pressure on corporate earnings of U.S companies.