1. Federal Reserve Chairman Powell stated that if the economy continues on its current trajectory, two more rate cuts of 25 basis points are expected this year, with policy adjustments made gradually based on data.
2. Federal Reserve Governor Goolsbee called for a rate cut as an "urgent priority," emphasizing that the labor market is stable and that lowering rates is necessary to maintain economic normalization.
Federal Reserve Governor Goolsbee stated that a rate cut is an "urgent priority," and the Fed cannot wait for a weak labor market to take action; the labor market is stable and sustainable. The Fed is lowering rates because the economy has returned to normal. -Original
3. Several listed companies have been continuously increasing their Bitcoin holdings since March, with a significant rise in corporate purchases this year, reaching 32 times.
Several listed companies have been continuously increasing their Bitcoin holdings after Bitcoin hit a historical high in March. According to statistics, MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet, and the UK football club Real Bedford FC have collectively purchased about 48,836 Bitcoins, estimated to be worth around $3.09 billion, currently valued at about $3.1 billion. This year, the frequency of corporate Bitcoin purchases has significantly increased, reaching 32 times, far exceeding last year's total of 9 times. -Original
4. MicroStrategy plans its next Bitcoin purchase, expected to exceed Grayscale's GBTC holdings.
MicroStrategy (MSTR) will soon have a larger Bitcoin (BTC) wallet than Grayscale. -Original
5. Federal Reserve Governor Bowman stated that the core inflation rate remains above the 2% target, and further rate cuts are needed to maintain economic stability.
Federal Reserve Governor Bowman reiterated previous comments on monetary policy, stating that the core inflation rate is still uncomfortably high above the 2% target. -Original
6. Powell pointed out in a speech to the National Association for Business Economics that a 50 basis point rate cut could maintain confidence in a strong labor market and inflation moving towards the target.
Federal Reserve Chairman Powell stated in a speech to the National Association for Business Economics: "The U.S. economy is in good shape, the labor market is robust, and it is generally in balance. The decline in inflation has a broad foundation, and recent data shows further progress towards achieving a sustained return to the 2% target. A 50 basis point rate cut reflects an increasing confidence that appropriate policy adjustments can maintain a strong labor market and inflation moving towards the target. The revision of Gross Domestic Income (GDI) has eliminated the downside risks the Fed is considering." -Original
7. CME FedWatch data shows that the probability of a 50 basis point rate cut by the Fed in November is considered a possibility.
8. Bitcoin miner CleanSpark is gradually restoring power supply after Hurricane Helen, expecting full restoration by October 4.
CleanSpark shut down 365 megawatts of power at its Georgia sites and began phased restoration after Hurricane Helen. CleanSpark has restored 200 megawatts of power at its Georgia sites, with full restoration expected by October 4. CleanSpark anticipates that once fully operational, its Bitcoin hash rate will reach 28 EH/s. -Original
9. U.S. stocks closed with the Nasdaq up 0.38% and the S&P 500 up 0.42%.
U.S. stocks closed with the Dow up 0.04%, the Nasdaq up 0.38%, and the S&P 500 up 0.42%. -Original
10. Bitcoin ETFs saw a net inflow of 7,111 BTC today, while Ethereum ETFs had a net inflow of 9,927 ETH, further indicating market interest in crypto assets.
Ten Bitcoin ETFs saw a net inflow of 7,111 BTC (approximately $453.42 million) today, with ARK21Shares contributing 3,085 BTC (approximately $196.71 million), currently holding a total of 50,684 BTC (approximately $3.23 billion). Additionally, nine Ethereum ETFs had a net inflow of 9,927 ETH (approximately $25.95 million), with Fidelity contributing 15,750 ETH (approximately $41.17 million), currently holding a total of 161,500 ETH (approximately $422.16 million). -Original
11. Robinhood's vice president confirmed there are no plans to launch a stablecoin in the short term, denying speculation about entering the stablecoin market.
Robinhood denied speculation about the company entering the stablecoin market and confirmed on Monday that Robinhood (HOOD) has no "short-term plans" to launch its own stablecoin. Johann Kerbrat, Vice President and General Manager of Robinhood Crypto, stated: "Currently, we have no immediate plans to launch a stablecoin. Rumors are always interesting, but we are not really spending time on that." -Original
12. A 50 basis point rate cut by the Fed will result in a $625 million annual reduction in interest income for dollar stablecoin issuers.
According to a new report from CCData, following the Fed's latest rate cut, the stablecoin industry will have to bear significant losses in interest income. The top five centralized stablecoin issuers hold nearly $125 billion in U.S. Treasury securities, accounting for nearly 80.2% of their reserves. Each 50 basis point rate cut by the Fed will lead to a $625 million annual loss in interest income for dollar stablecoin issuers. Data shows that Tether holds nearly $93.2 billion in U.S. Treasury securities and repurchase agreements, contributing significantly to its projected net profit of $5.2 billion in the first half of 2024. The second-largest stablecoin, USDC, holds $28.7 billion in U.S. Treasury securities through its Circle Reserve Fund, while FDUSD, PYUSD, and TUSD hold $1.83 billion, $634 million, and $502 million in U.S. Treasury securities, respectively. -Original
13. ANZ joins the Project Guardian initiative led by the Monetary Authority of Singapore to explore the application of tokenization of physical assets in financial markets.
Australia and New Zealand Banking Group (ANZ) announced on September 30, 2024, that it has officially joined the Project Guardian initiative led by the Monetary Authority of Singapore (MAS). The initiative aims to "explore the broader application of tokenization of physical assets in financial markets." ANZ will collaborate with Chainlink Labs and ADDX, focusing on "interoperability between private blockchains for the exchange of tokenized physical assets such as commercial paper." Mark Evans, head of ANZ's Singapore branch, stated that the bank is committed to "accelerating the development of a stable and secure digital asset ecosystem to meet future needs of clients in the region." Project Guardian began in 2022 as a public-private partnership tokenization experimental program aimed at testing the application of tokenization of physical assets. Participating entities include the UK's Financial Conduct Authority (FCA), Switzerland's Financial Market Supervisory Authority (FINMA), Japan's Financial Services Agency (FSA), as well as financial institutions like Deutsche Bank, Citibank, and Apollo Global Management. The project is exploring tokenization applications in fixed income, wealth management, and foreign exchange. -Original
14. CleanSpark CEO predicts Bitcoin will peak close to $200,000 within the next 18 months.
CleanSpark CEO Zach Bradford stated in an interview with Bernstein that he expects Bitcoin to peak close to $200,000 within the next 18 months. Bradford also noted that Bitcoin-focused miners are currently undervalued and believes that Bitcoin prices may rise after the U.S. elections. CleanSpark has held 97% of its mined Bitcoin since June 2023, with current holdings nearing 8,000 BTC. -Original
15. OpenPayd strengthens its cryptocurrency business by bringing in senior executives from crypto broker FalconX.
Banking-as-a-Service (BaaS) platform OpenPayd announced the recruitment of two senior executives, Lux Thiagarajah and Richard Usher, from cryptocurrency broker FalconX. Thiagarajah will serve as the Director of Growth, while Usher will take on the role of Director of Trading. Notably, both will remain in contact with FalconX as advisors to assist in expanding its foreign exchange trading business. Thiagarajah previously served as Head of Commercial FX at FalconX and was the Chief Revenue Officer at crypto payment company BCB Group, having also worked at investment banks like JPMorgan and HSBC. Usher was previously the Head of FX Trading at FalconX and was responsible for over-the-counter trading at BCB, having also worked at JPMorgan and the Royal Bank of Scotland. -Original
16. An Ohio senator proposed a bill requiring state and local governments to accept cryptocurrency as a payment method for tax payments.
Ohio Senator Niraj Antani proposed a bill requiring Ohio and all local governments to accept cryptocurrency as a payment method for state and local tax payments. The bill includes not only Bitcoin but also other cryptocurrencies. Ohio became the first state in the U.S. to accept cryptocurrency for tax payments in November 2018 but suspended this practice in November 2019 due to legal issues. Antani believes that since the state deposit board has failed to take action, the legislature will now push for this policy. Additionally, the bill explicitly allows state universities and state pension funds to invest in cryptocurrency. -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com)
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
