1. The Federal Reserve has entered a pre-meeting silence period and is expected to cut interest rates by 25 basis points at next week's policy meeting. As inflation stabilizes, the cooling labor market has become a focal point.
2. The U.S. Treasury report indicates that the growth of stablecoins has driven demand for Treasury bills, with $120 billion in stablecoin collateral invested in government bonds.
The U.S. Treasury stated in a new report, "The growth of stablecoins has led to a slight increase in demand for short-term government bonds." The Treasury also estimates that $120 billion in stablecoin collateral has been invested in government bonds. -Original
3. Grayscale transferred 684.104 BTC to Coinbase Prime, indicating an adjustment in its holding strategy.
About eight minutes ago, Grayscale transferred 684.104 BTC to Coinbase Prime. -Original
4. NYSE Arca proposed new rule 8.800-E to support the listing of investment products based on commodities and digital assets, promoting the development of digital asset ETF products.
NYSE Arca has submitted a proposal to provide listing and trading for investment products based on commodities and digital assets through new rule 8.800-E, with the first product being the Grayscale Digital Large Cap Fund LLC. This move will allow securities issued in forms such as trusts or limited liability companies to cover specific commodities, digital assets, and related derivatives, further promoting the layout of digital asset ETF products on traditional stock exchanges. -Original
5. The total net asset value of U.S. Bitcoin spot ETFs reached $72.545 billion, with the net asset ratio exceeding 5% for the first time, marking the third highest single-day net inflow in history.
As of the time of writing, the total net asset value of Bitcoin spot ETFs is $72.545 billion, with the ETF net asset ratio (the market value as a percentage of the total Bitcoin market value) reaching 5.07%, exceeding 5% for the first time in history. Yesterday (October 29, Eastern Time), the total net inflow for Bitcoin spot ETFs was $870 million, marking the third highest single-day net inflow in history. The other two highest net inflows were $1.05 billion on March 12 and $887 million on June 4. -Original
6. Florida officials are considering reserving Bitcoin for retirees, inspired by Trump's support for accumulating BTC.
The Chief Financial Officer of Florida proposed a fund to support retired public servants, inspired by Republican presidential candidate Donald Trump's support for the U.S. government to accumulate Bitcoin (BTC). -Original
7. Binance announced the appointment of Jeff Li as the new Vice President of Product, driving product development and industry innovation.
Binance announced the appointment of Jeff Li as its new Vice President of Product during Binance Blockchain Week. Jeff will focus on expanding and enhancing Binance's product portfolio, ensuring it remains at the forefront of building the future of blockchain and Web3. Jeff Li has over 16 years of comprehensive experience in Web2 and Web3 product leadership and software engineering. During his tenure at Binance, Jeff will lead Binance's global product and design teams. Binance CEO Richard Teng stated, "We are excited to welcome Jeff to the Binance team. He has worked at some of the world's most renowned tech companies and has extensive product development experience. In his previous roles, he has consistently demonstrated the ability to provide innovative solutions in dynamic emerging industries, making him an ideal candidate to fulfill Binance's mission. We look forward to Jeff driving product development and helping us continue to deliver industry-leading products to the global crypto community." -Original
8. U.S. cryptocurrency sector stocks fell, influenced by the decline in Bitcoin, with ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both down 1%.
9. Russia will restrict cryptocurrency mining in certain regions due to ongoing energy shortages.
The Deputy Minister of Energy of Russia announced that due to ongoing energy shortages, Russia will restrict cryptocurrency mining in specific regions, including the Far East, southwestern Siberia, and southern areas with limited power resources. The power shortage may persist until 2030, making large-scale mining difficult to sustain. Previously, Russian President Putin signed a law regulating the circulation of digital currencies, which will take effect on November 1. This law grants the Russian government the right to prohibit the mining of digital currencies in specific regions or individual territories and to determine the procedures and cases for introducing such restrictions. -Original
10. Coinbase announced a $1 billion stock buyback, but third-quarter profits declined due to a weak market environment.
Coinbase stated in its third-quarter financial report that its board has approved a $1 billion stock buyback plan. -Original
11. Zhao Changpeng confirmed he will appear at Binance Blockchain Week on October 31.
When asked when he would appear at Binance Blockchain Week in Dubai, former Binance CEO Zhao Changpeng stated that he would likely take the stage around 4 PM Dubai time (8 PM Beijing time) on October 31. -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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