The CoinDesk 20, a measure of the largest digital assets, is up 3.4%. Plus: Polymarket traders have their money on four to five more rate cuts this year.

• The Federal Reserve implemented a 50 basis point rate cut, with expectations of further reductions to bring the median benchmark rate to 4.4% by year-end.
• Despite the rate cut, market sentiments are mixed with some skepticism about the sustainability of the crypto market rally.
• Major cryptocurrencies like Solana's SOL, BNB, XRP, and Cardano's ADA saw gains, with SOL leading at a 6% increase.
• Additionally, there's a notable interest in further rate cuts, with market bets on Polymarket indicating expectations of continued monetary easing by the Fed.

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