1. Trump economic advisor Kevin Hassett believes that a significant interest rate cut by the Federal Reserve is reasonable due to a weakening job market.
2. Global Bitcoin ETP recorded the largest inflow since July in the past seven days, attracting 25,675 BTC.
According to bold.report, global Bitcoin ETP experienced its best week since July. In the past seven days, the cumulative inflow of funds into the ETP was 25,675 BTC (1.74 billion USD), as global investors rushed to buy Bitcoin during the latest price surge. The inflow into ETFs listed in the U.S. was nearly 1.9 billion USD, equivalent to 21,450 BTC, meaning Bitcoin ETF investors purchased about 48 days' worth of mining supply, as approximately 450 BTC are mined daily. -Original
3. BlackRock increased its holdings by 14,745 Bitcoin in the past three days, showing continued optimism for the crypto market.
In the past three days, BlackRock bought 14,745 BTC, bringing its current holdings to 385,591 BTC, valued at approximately 26.55 billion USD. -Original
4. Pro-Bitcoin PAC released a video supporting Donald Trump's presidential campaign, highlighting the interaction between politics and cryptocurrency.
5. If the Republican Party wins the U.S. election, it will benefit the development of the crypto market, especially for companies like Coinbase.
6. Citibank reports that a Republican victory in the U.S. election would be most favorable for the crypto market.
In a research report released on Wednesday, Citibank stated that if the Republican Party achieves a comprehensive victory in the upcoming U.S. election, it would be the most favorable outcome for Coinbase and the broader crypto market, while a victory for Harris and a divided Congress could lead to increased uncertainty in the digital asset industry. The team led by analyst Peter Christiansen wrote, "The Trump/Vance camp openly supports digital asset reform, and Republican control of the Senate is crucial for passing bills like FIT21 and confirming leaders of institutions that support crypto." They added, "If both houses of Congress are in agreement, the pace of digital asset reform may accelerate." -Original
7. The Federal Reserve's interest rate cut trajectory remains unchanged, and the easing cycle boosts the outlook for cryptocurrencies.
Last week's inflation report did not alter the Federal Reserve's easing cycle. -Original
8. IntoTheBlock data shows Bitcoin's dominance exceeds 65%, reaching the highest level in three years.
According to IntoTheBlock, Bitcoin's dominance has surpassed 65% for the first time since early 2021, reaching the highest level in three years. Previously, BTC surged to 69,000 USDT. -Original
9. DBS Bank launches tokenized banking services aimed at enhancing liquidity management.
DBS Bank, Singapore's largest bank, has launched "DBS Token Services," a new blockchain-based product suite designed to enhance liquidity management and streamline operations for institutional clients. BlackRock's spot Bitcoin ETF saw a net inflow of 309 million USD on Thursday, contributing over 1 billion USD in positive inflows to its IBIT product just this week. The U.S. Securities and Exchange Commission (SEC) submitted a "civil appeal pre-debate statement" later on Thursday, seeking to challenge a previous ruling in its ongoing case against Ripple in the U.S. District Court for the Southern District of New York. The following article is adapted from The Block's newsletter "The Daily," which is published on weekday afternoons. -Original
10. A man in the U.S. was sentenced to five years in prison for scamming 20 million USD through a fake Coinbase website.
An Indian man was sentenced to prison on Thursday for stealing over 20 million USD through a counterfeit Coinbase cryptocurrency trading website. A U.S. judge sentenced the man to 60 months in prison, followed by two years of supervised release. -Original
11. American Express CFO states that the magnitude and timing of the Federal Reserve's interest rate cuts have limited impact on consumer patterns.
According to market news, the CFO of American Express stated that the magnitude and timing of the Federal Reserve's interest rate cuts are insufficient to affect consumer patterns. -Original
12. Three Arrows Capital co-founder Zhu Su announces a long position in GOAT tokens on social media.
Three Arrows Capital co-founder Zhu Su posted on social media that he has taken a long position in GOAT, with an average entry price of 0.33976 USD. -Original
13. HashKey CEO states that VAOTC is the next highly anticipated license in Hong Kong, reflecting policy support for Web3 businesses.
HashKey Exchange CEO Livio Weng stated that the Hong Kong government has made more specific positive statements regarding the deepening of the digital economy in Chief Executive John Lee's 2024 policy address, and VAOTC is the next highly anticipated license to be implemented in Hong Kong. Improving the regulatory framework for virtual asset trading is also key to the industry's development. Compared to the 2023 policy address, which only mentioned promoting the digital economy, this year's report is more specific, indicating that the Hong Kong government’s support for Web3 businesses has expanded to various areas, including ecosystems, PayFi, RWA, and security tokens (STO). -Original
14. The UAE plans to introduce a legal framework for DAOs to promote decentralized governance.
The UAE Free Trade Zone RAK Digital Assets Oasis (RAK DAO) plans to launch a legal framework for decentralized autonomous organizations (DAOs). Law firm NeosLegal and RAK DAO stated that the new system will be introduced and discussed on October 25. NeosLegal partner Irina Heaver stated that the framework is expected to clarify how DAOs can remain legally compliant, and she believes this will have a significant impact on decentralized governance in the UAE and the broader Web3 ecosystem. -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
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