Interest rates have been cut, but it seems the money has gone to the wrong place?
Today, the People's Bank of China announced a reduction of 0.25 percentage points in the rate of structural monetary policy tools.
Response from the cryptocurrency community: As soon as the news broke, the old folks in the domestic community started flooding the comments: "The signal for easing has arrived!" However, everyone found that this money is mainly flowing into the "technology and green sectors."
Interesting tidbit: There is a token called $GREEN which instantaneously surged by 5%, only to be quickly brought back down to earth when it was discovered that this "green" is not the same as that "green." Netizens complained: "The reflex arc in the crypto space has reached a point where the brain is no longer needed."