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Bank of England Opens Consultation on Clearing Tokenized Collateral
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
Bankless Founder: "BTC Clone Coin" Trend Returns, Scarcity Narrative Back in Favor
Odaily reports: Bankless founder David Hoffman posted on X that a batch of tokens he refers to as "2017-era Bitcoin clone coins" have recently gained momentum again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately $4.2 billion; QTC rose 300% this month, with a valuation of approximately $1.8 billion based on a total supply of 21 million tokens.David Hoffman believes that what is noteworthy is that such tokens, which adopt a fixed supply cap of 21 million, are now commanding multi-billion-dollar valuations.
SEC Chair: Will Clarify Onchain Fundraising Rules Within Statutory Authority
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
Ignas: There Are Currently Fewer Than 20 Quality Tokens, Looking Forward to Polymarket Launching a TGE
Odaily reports: DeFi researcher Ignas posted on X that there are currently too few quality tokens in the market that truly have strong revenue support—only about 20 projects have holders generating daily revenue of over $50,000. However, this may also further concentrate capital and market attention toward a small number of projects. For this reason, he looks forward to more projects that have already generated actual revenue launching token generation events (TGEs), and hopes Polymarket will also adopt a TGE model.Ignas added that after further considering valuation, token unlocks, and revenue sustainability, the pool of viable targets will shrink even further. Although some tokens may appear attractive, their market cap to fully diluted valuation (MC/FDV) ratios are not ideal. As a result, investors need to bet that demand growth will outpace the supply growth brought by token unlocks, making some tokens more suitable for trading than for long-term holding.Ignas believes that for most tokens, what investors are still trading is narrative and market sentiment, and they need to trust that project teams will deliver on their promises. With several DAOs having recently dissolved, the so-called "decentralized" accountability mechanisms are also not sufficient.
CleanSpark Plans to Raise $2.227 Billion Through Senior Secured Notes Due 2031
Odaily News: Nasdaq-listed Bitcoin mining company and data center developer CleanSpark has announced that its wholly-owned subsidiary, CSDC Finance I, plans to raise $2.227 billion through a private placement of senior secured notes due 2031. The proceeds will primarily be used to complete the construction of its Sandersville data center in Texas, reimburse the company for a portion of the equity funds previously invested in the facility, and establish a debt service reserve. However, the offering remains subject to market and other conditions, and there is no guarantee that it will be completed or what the final terms will be.
Goldman Sachs: Internet sector underperforms broader market, AI returns become market focus
According to Chaoxiang Research, Goldman Sachs' August 25, 2026 research report indicates that the internet sector rose 9% overall in the second quarter, underperforming the S&P 500's 11% gain. AWS reported year-over-year revenue growth of 37% in Q2, with its operating margin hitting an all-time high of 39%; Google Cloud revenue grew 81% year over year, with the combined backlog of the two cloud providers exceeding $1 trillion. Digital consumption remains broadly resilient, but consumer divergence is intensifying; high-income consumers show no sign of reducing their spending appetite, while low-income consumers are becoming increasingly cautious. Goldman Sachs will host the Communacopia Technology Conference in San Francisco from September 8 to 11, with 40 companies including OpenAI, Google Cloud, SpaceX, and Uber set to attend. Goldman Sachs notes that market patience for AI returns is waning, and whether management can clearly address the "when, how much, and what return" questions regarding AI investments will become the key driver of valuation divergence. Three major themes will dominate the conference discussions: the pace of AI spending and return curves, the resilience of digital consumption, and the balancing act between investment and profitability.
Bank of England Opens Consultation on Clearing Tokenized Collateral
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
Yuyuantantian: DeepSeek and MiniMax have smoothly completed registration procedures and finished open-sourcing and overseas authorized use
Odaily reports: Yuyuantantian stated in a post that on October 16, the Ministry of Commerce and the Ministry of Science and Technology publicly solicited opinions on the revision of the Catalog of Technologies Prohibited or Restricted from Export in China (hereinafter referred to as the Catalog). Among them, there are 23 AI-related technologies, including large models, agents, computing clusters, information processing, and more. After the Catalog was released, some people raised questions: China emphasizes technological openness, so why suddenly impose "export restrictions" on AI? Is this a signal of a policy shift? It is reported that since the policy was announced, two leading companies, DeepSeek and MiniMax, have smoothly completed registration procedures and finished open-sourcing and overseas authorized use. In relevant Q&A, the Ministry of Commerce clearly gave more and more specific explanations of "what is not regulated" than of "what is regulated." This also shows that the core of the Catalog is to delineate boundaries, rather than simply restricting the external export of AI technology.
Musk's Public Remarks May Delay SpaceX and Tesla Merger, With Potential Deal Size Reaching $3.5 Trillion
According to Reuters, sources familiar with the matter said Musk revealed progress on evaluating a SpaceX-Tesla merger during an investor call this week and publicly expressed his support. The move has unsettled some negotiation participants, potentially delaying talks by several weeks and triggering more extensive legal scrutiny. During the call, Musk stated that both companies are exploring what could become the largest corporate transaction in history and have established special committees to evaluate the proposals. He also acknowledged a conflict of interest, stating he cannot participate in discussions involving either committee. The deal remains in its early stages. According to three sources familiar with the matter, both sides have engaged advisors, and discussed deal structures include SpaceX acquiring Tesla or combining the two companies through a newly established holding company, with consideration arrangements including an all-stock transaction. Musk owns nearly one-fifth of Tesla and just under half of SpaceX. Those involved in the negotiations worry that his public comments will lead investors to question the independence of the special committees and place greater emphasis on how conflicts of interest are addressed.
Hong Kong "BBB Group" agarwood investment suspected as scam, sells off-the-counter stocks and digital assets, police arrest four
According to Hong Kong media outlet HK01, Hong Kong-based "BBB Group (Chinese name: Hao Hao Hao Group)" claims to have invested in Malaysia's agarwood industry and sells OTC stocks and digital assets in what appears to be a scam. The company stated it will convert its OTC stocks into "digital asset" cryptocurrencies by February 2027 or earlier. The Hong Kong police have received reports from 21 individuals concerning the investment project, involving funds of 14 million yuan. The Commercial Crime Bureau is investigating on suspicion of "conspiracy to defraud," and has launched an arrest operation, with four people arrested so far. Meanwhile, according to the official website of Hong Kong's Securities and Futures Commission, the "Malaysian Agarwood Plantation Investment / Agarwood Tree Plan / Agarwood Potted Trees / APT4.0" has been listed as a suspicious investment product.
Hyperliquid CEO: Bringing the Entire Financial Industry Onchain
Odaily News: Hyperliquid Labs CEO and co-founder Jeff Yan gave a rare interview, detailing the platform's operating mechanism and future plans.Hyperliquid entered the spotlight of global traders and market observers earlier this year—after the Iran war broke out, speculators used the markets built on it to trade crude oil, with the platform offering 24/7 markets on the blockchain. In August, U.S. President Trump said the CFTC is pushing to allow Hyperliquid to "enter the United States in a fully compliant and legal manner." Hyperliquid currently operates outside the United States, but that has not hindered its rapid expansion over the past year.In the interview, Jeff Yan introduced the protocol he built with his co-founder, the ecosystem of participants and assets tied to Hyperliquid (such as the platform's cryptocurrency HYPE), how perpetual contracts are bought and sold on the platform, and explained what a blockchain oracle is, as well as the conditions Hyperliquid needs to meet to conduct business in the United States. (Bloomberg)
OCC Report: Some Banks Have Restricted Digital Asset Business Services
Odaily News: The U.S. Office of the Comptroller of the Currency (OCC) has released a report on "debanking," stating that some banks have used public and non-public policies to restrict financial services for multiple industries, including crude oil, natural gas, tobacco, firearms, and digital assets. The report notes that some institutions restricted digital asset businesses, including issuers, exchanges, and managers, often citing financial crime concerns as the reason.The OCC stated that the report was prepared in accordance with an executive order signed by Donald Trump in August 2025, which aims to prevent what it calls "illegal debanking." The report reviewed 9 major banks but did not list specific cases related to digital asset businesses, nor did it comprehensively quantify the scope of debanking or related allegations.OCC head Jonathan Gould said that some debanking decisions related to coal and firearms were not based on financial risk, with banks citing reputational risks from negative news, public protests, and support for related industries. In November 2024, more than 30 tech and crypto industry executives said they were unable to access banking services. (Cointelegraph)
The file shows Alphabet's AI risk exposure far exceeds $1 trillion
Odaily reports: Alphabet says demand for its cloud services is growing rapidly, as reflected in the increase in its "backlog" (i.e., cloud service contracts not yet fulfilled). However, more than one-third of that quarterly growth came from a joint venture in which the company holds a stake. This disclosure appeared in a quarterly filing submitted on Thursday. The filing outlines the AI-related risks Alphabet faces, which extend beyond what the company discussed on its earnings call the previous day. In addition to the more than $1 trillion in purchase commitments, future lease payments, and other obligations disclosed by the chief financial officer on the investor call, the filing also lists approximately $98.5 billion in contingent commitments—obligations the company may need to assume under certain conditions. That amount is up about $23 billion from the previous quarter. These commitments include guaranteeing data center lease payments, supporting partners in procuring power equipment, and, under specific circumstances, potentially repurchasing AI chip systems from customers. (Bloomberg)
Bloomberg ETF Analyst: Lack of Breadth in US Stock Market Is Not a Cause for Concern
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform that over the past 100 years, only 4% of stocks have contributed to all net wealth gains in the US market, and about half of companies have underperformed US Treasuries, so the lack of market breadth has always existed. Microsoft and Google each acquired 270 companies. He stated that these large companies are more like small nations, and investors should perhaps view the "Magnificent Seven" as the "Magnificent 700," as what currently leads the S&P 500 may be hundreds of companies.
Bonk Guy: Lost About $100,000 Trading a New Token, Reflects on Overtrading and Blindly Following Others' Judgments
crypto trader Bonk Guy posted that he recently suffered a loss of approximately $100,000 from trading a certain new token, primarily due to overtrading and continuously depleting his capital while chasing new trading pairs and liquidity rotation. The position size of this trade far exceeded what he typically allocates to similar trades.Bonk Guy reflected that the common thread among his recent losses was relying on others' judgments rather than building his own investment conviction. He stated that most of his profits this cycle came from independent judgment and holding positions with conviction, but after achieving success he gradually became complacent and began making unnecessary trades.Bonk Guy emphasized that sometimes the best trade is no trade at all, and going forward he will focus more on opportunities where he truly has investment conviction, even if it means missing out on some market movements.
Trader Killa: Traders who shorted BTC all the way from $67,000 have not learned their lesson
Odaily News: Trader Killa posted on X that the same group of traders who previously shorted Bitcoin all the way from $67,000 down to $87,000 are now celebrating due to a minor price pullback.Killa stated that these traders believe they are simply waiting for a "bullish retest" of the uptrend by the market, but in reality, they are just hoping to recoup their previous losses with a single trade, and their inability to control greed is precisely what caused their earlier failures. He believes that if traders do not change their mindset and strategy, similar situations may occur again in the future.
Backpack CEO: Bringing the Entire Stock Market to Solana, One API to Connect Brokerages and On-Chain
Odaily News: Solana's official X account reposted an interview clip with Backpack founder and CEO Armani Ferrante. Ferrante stated that Backpack's goal is "not 10 stocks, not 100 stocks, but to bring the entire stock market onto Solana."At its core is an API connecting brokerages and DeFi: tokens held by users correspond to real shares, are 1:1 in-kind redeemable, and can flow freely in both directions between brokerage accounts and on-chain. Ferrante gave an example: users can buy SpaceX tokens on Solana and then transfer them directly to brokerage accounts such as Backpack, Fidelity, and Robinhood. He emphasized that the fundamental difference between this and other tokenized stock solutions on the market is that "what you actually get is the stock itself."Ferrante revealed that currently there are only about 200 tokenized stock assets across all chains combined, and the next step is to expand to 10,000.
MSX has completed dividend distributions for 16 US stocks and ETF tokens including BAC and BLK
Odaily News: According to an MSX announcement, MSX has completed the current cash dividend distribution for 16 US stock and ETF tokenized assets, including Bank of America (BAC), BlackRock (BLK), UnitedHealth (UNH), and Lockheed Martin (LMT), covering the relevant assets with execution dates from September 19 to September 27, 2026. Dividends are settled based on the user's eligible holdings at the corresponding record time. The actual distribution amount is calculated by multiplying the recorded holdings by the per-share dividend amount. The system has automatically distributed the dividends to eligible user accounts, and users do not need to claim them. Users can check the crediting records in the MSX App/Web under "Assets — Deposit — Deposit History." The actual credited amount and records are subject to what is displayed on the account page.
Aave v3 contracts unaffected, founder responds to exploit incident
according to monitoring by Stani Kulechov, Aave founder Stani Kulechov stated that what was exploited was a third-party external adapter built on top of Aave v3, and the Aave v3 contracts themselves were not affected. The FlashLoopAdapter in the Aave v3 Loop Safe module involved had access control vulnerabilities in its open() and close() functions. The attacker forged Safe authentication and arbitrary module execution to steal approximately 114.09 ETH from two Safe multisig addresses, and repaid approximately 1,300 WETH in debt to unlock collateral.
"Money Laundering Dedicated Network" THORChain Official Cries Foul: As Decentralized and Permissionless as BTC, ETH, and BNB Chain, Not Responsible for Bitget Hack Money Laundering Process, Previously Suspended Services for 39 Days Due to Hacker Attack
Odaily News: Today, THORChain officially posted on X platform stating, "We have noticed the recent Bitget hack and are deeply saddened by it. We can imagine this is a difficult time for everyone in the industry. (However,) THORChain is as decentralized and permissionless as Bitcoin, Ethereum, and BNB Chain. When dealing with known stolen funds, what responsibility should Bitcoin, Ethereum, and BNB Chain bear?" Subsequently, it called out OKX CEO Star and Bitget CEO Gracy.However, crypto community members in the comments pointed out that when THORChain previously suffered an attack, it once suspended services for 39 days, and they are deeply ashamed of the differentiated treatment between the two situations.
OKX Star Responds to THORChain: TSS + Validator Model Is Not True Decentralization
Odaily News: OKX Star posted on X in response to THORChain, stating that he does not believe THORChain's TSS + validator model represents true decentralization. THORChain's validators collectively control the underlying assets in the TSS vault, and funds can be moved once the signature threshold is reached. Therefore, from a custody perspective, it cannot be compared to the underlying consensus mechanisms of Bitcoin and Ethereum, but instead acts as an intermediary between users and native chains. "TSS distributes control among multiple participants, but decentralizing an intermediary does not eliminate the intermediary itself."Previously, discussions arose after some stolen Bitget funds were transferred through THORChain. THORChain responded that it is decentralized and permissionless, just like Bitcoin, Ethereum, and BNB Chain, and stated that if stolen funds were known to flow through Bitcoin, Ethereum, or BNB Chain, what responsibility should those networks bear?
$176 million in ETH and USDT0 transferred out of multiple Bitget wallets, Bitget suspected of being hacked
According to Bitcoin News monitoring, $176 million worth of ETH and USDT0 was transferred from multiple Bitget wallets to a single address, in what appears to be unauthorized activity. This suspected hack did not involve Bitcoin. Bitget has not yet commented.
Approximately 4,000 BTC transferred in a single transaction linked to Liquid Network, with an on-chain message calling it a "white hat" operation
Odaily News: According to Bitcoin News monitoring, out of 4,200 BTC associated with a peg-out transaction on the Liquid Network, approximately 4,000 BTC appear to have been moved simultaneously. A subsequent transaction included an OP_RETURN message stating: "We are white hats, please contact us on-chain." It remains unclear what the nature of this transaction is, and whether the funds were moved through an exploit.
Russia Closes Down 9 Unregistered Crypto Exchanges in Moscow, FSB Alleges Money Laundering of Fraudulent Funds
Odaily News: Russia's Federal Security Service (FSB) conducted surprise raids on 9 unregistered cryptocurrency exchange service providers in Moscow, alleging they were involved in transferring funds obtained through fraud abroad via crypto assets. More than 20 employees were detained at the Moscow International Business Center.The FSB stated that these exchanges converted stolen funds from Russian phone scam victims into cryptocurrency and transferred them to accounts of what it claims are Ukrainian processors. The operation was carried out jointly by the FSB and the Russian Ministry of Internal Affairs.Russia's Ministry of Internal Affairs has launched a criminal investigation into large-scale fraud, which under Russian law carries a maximum sentence of 10 years in prison. The FSB said it is continuing to identify victims and assess potential compensation. (Cointelegraph)
The file shows Alphabet's AI risk exposure far exceeds $1 trillion
Odaily reports: Alphabet says demand for its cloud services is growing rapidly, as reflected in the increase in its "backlog" (i.e., cloud service contracts not yet fulfilled). However, more than one-third of that quarterly growth came from a joint venture in which the company holds a stake. This disclosure appeared in a quarterly filing submitted on Thursday. The filing outlines the AI-related risks Alphabet faces, which extend beyond what the company discussed on its earnings call the previous day. In addition to the more than $1 trillion in purchase commitments, future lease payments, and other obligations disclosed by the chief financial officer on the investor call, the filing also lists approximately $98.5 billion in contingent commitments—obligations the company may need to assume under certain conditions. That amount is up about $23 billion from the previous quarter. These commitments include guaranteeing data center lease payments, supporting partners in procuring power equipment, and, under specific circumstances, potentially repurchasing AI chip systems from customers. (Bloomberg)
Bank of England Opens Consultation on Clearing Tokenized Collateral
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
Fed Holding Rates Steady Already Priced In by Markets, Three Signals Could Shape Bitcoin's Trajectory
The Federal Reserve is about to announce its interest rate decision, after which Fed Chair Kevin Warsh will hold a press conference. Markets expect the Fed to keep the benchmark rate unchanged in the 3.75%–4% range, with investors focused on three key signals: first, whether three or more voting members dissent from holding rates steady and advocate for a hike; second, how Warsh assesses the recent easing of financial conditions and the pullback in U.S. Treasury yields; third, what he says about two consecutive months of above-expectation inflation data, oil prices near $100, and record-high U.S. diesel prices.If more officials signal a hawkish tilt, or if Warsh views looser financial conditions as exacerbating inflationary pressure, market expectations for future rate hikes could intensify, potentially lending support to the dollar index while weighing on risk assets such as Bitcoin. Ahead of the decision, Bitcoin stood at $81,411, up more than 2% over 24 hours; Ethereum, SOL, and XRP also posted gains of over 2% over the same period. (CoinDesk)
Musk's Public Remarks May Delay SpaceX and Tesla Merger, With Potential Deal Size Reaching $3.5 Trillion
According to Reuters, sources familiar with the matter said Musk revealed progress on evaluating a SpaceX-Tesla merger during an investor call this week and publicly expressed his support. The move has unsettled some negotiation participants, potentially delaying talks by several weeks and triggering more extensive legal scrutiny. During the call, Musk stated that both companies are exploring what could become the largest corporate transaction in history and have established special committees to evaluate the proposals. He also acknowledged a conflict of interest, stating he cannot participate in discussions involving either committee. The deal remains in its early stages. According to three sources familiar with the matter, both sides have engaged advisors, and discussed deal structures include SpaceX acquiring Tesla or combining the two companies through a newly established holding company, with consideration arrangements including an all-stock transaction. Musk owns nearly one-fifth of Tesla and just under half of SpaceX. Those involved in the negotiations worry that his public comments will lead investors to question the independence of the special committees and place greater emphasis on how conflicts of interest are addressed.
Unreleased Anthropic models can infer user goals from sparse instructions
According to The Information, Anthropic has an unreleased model capable of inferring user goals from sparse instructions. The report states that the model's reasoning and intuition capabilities surpass those of Anthropic's current models, enabling it to infer user intent even when individuals never explicitly state what they truly want. Anthropic has not yet disclosed the release date or specific parameters for the model.
OCC Report: Some Banks Have Restricted Digital Asset Business Services
Odaily News: The U.S. Office of the Comptroller of the Currency (OCC) has released a report on "debanking," stating that some banks have used public and non-public policies to restrict financial services for multiple industries, including crude oil, natural gas, tobacco, firearms, and digital assets. The report notes that some institutions restricted digital asset businesses, including issuers, exchanges, and managers, often citing financial crime concerns as the reason.The OCC stated that the report was prepared in accordance with an executive order signed by Donald Trump in August 2025, which aims to prevent what it calls "illegal debanking." The report reviewed 9 major banks but did not list specific cases related to digital asset businesses, nor did it comprehensively quantify the scope of debanking or related allegations.OCC head Jonathan Gould said that some debanking decisions related to coal and firearms were not based on financial risk, with banks citing reputational risks from negative news, public protests, and support for related industries. In November 2024, more than 30 tech and crypto industry executives said they were unable to access banking services. (Cointelegraph)
Related news
The file shows Alphabet's AI risk exposure far exceeds $1 trillion
Odaily reports: Alphabet says demand for its cloud services is growing rapidly, as reflected in the increase in its "backlog" (i.e., cloud service contracts not yet fulfilled). However, more than one-third of that quarterly growth came from a joint venture in which the company holds a stake. This disclosure appeared in a quarterly filing submitted on Thursday. The filing outlines the AI-related risks Alphabet faces, which extend beyond what the company discussed on its earnings call the previous day. In addition to the more than $1 trillion in purchase commitments, future lease payments, and other obligations disclosed by the chief financial officer on the investor call, the filing also lists approximately $98.5 billion in contingent commitments—obligations the company may need to assume under certain conditions. That amount is up about $23 billion from the previous quarter. These commitments include guaranteeing data center lease payments, supporting partners in procuring power equipment, and, under specific circumstances, potentially repurchasing AI chip systems from customers. (Bloomberg)
Bank of England Opens Consultation on Clearing Tokenized Collateral
the Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital representations of eligible collateral, and stated that current rules already permit the use of such assets when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to address when submitting applications under the existing approval process, without creating new regulatory obligations.The Bank of England stated that tokenized collateral must remain capable of valuation, transfer, and liquidation under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter. (Cointelegraph)
Fed Holding Rates Steady Already Priced In by Markets, Three Signals Could Shape Bitcoin's Trajectory
The Federal Reserve is about to announce its interest rate decision, after which Fed Chair Kevin Warsh will hold a press conference. Markets expect the Fed to keep the benchmark rate unchanged in the 3.75%–4% range, with investors focused on three key signals: first, whether three or more voting members dissent from holding rates steady and advocate for a hike; second, how Warsh assesses the recent easing of financial conditions and the pullback in U.S. Treasury yields; third, what he says about two consecutive months of above-expectation inflation data, oil prices near $100, and record-high U.S. diesel prices.If more officials signal a hawkish tilt, or if Warsh views looser financial conditions as exacerbating inflationary pressure, market expectations for future rate hikes could intensify, potentially lending support to the dollar index while weighing on risk assets such as Bitcoin. Ahead of the decision, Bitcoin stood at $81,411, up more than 2% over 24 hours; Ethereum, SOL, and XRP also posted gains of over 2% over the same period. (CoinDesk)
OpenAI Reportedly Plans to Purchase Google AI Chips to Reduce Reliance on Nvidia
According to The Information, sources familiar with the matter said that OpenAI plans to purchase Google's AI chips to accelerate its transition away from Nvidia. If OpenAI decides to purchase Google's Tensor Processing Units (TPUs), it would be a major victory for Google's chip business. It remains unclear what financial terms and other details are involved in the planned purchase. OpenAI is hiring an engineer to "lead the optimization" of its most advanced frontier models so they can run on TPUs.
Trump: Should I wipe out Iran entirely, or make a deal with them?
U.S. President Trump stated: The question now is, should I make a deal with the Iranians, or should I wipe them out entirely? We get everything, and they (Iran) get nothing. We are fully aware of what happened at Iran's "Pickaxe Mountain" facility. Currently, the Iranians have not taken any major actions regarding their nuclear facilities, and we are closely monitoring the situation.
Analysis: US stock market breadth improves rapidly, percentage of S&P 500 constituents above 50-day moving average rises to 61%
Odaily reports: The Kobeissi Letter posted on X platform that the latest market data shows US stock market breadth is improving rapidly. On October 23, the proportion of S&P 500 index constituents with stock prices above their 50-day moving averages rose 5 percentage points to 61%, hitting a new high since mid-August and more than tripling from the level at the intraday low on October 1.Meanwhile, the proportion of constituents with stock prices above their 200-day moving averages rose 3 percentage points to 57%, hitting a new high since September 9, with a cumulative increase of 17 percentage points over the past three weeks. Although the S&P 500 index was essentially flat over the same period, the improvement in market breadth has ranked among the three largest in the past three years.In addition, on October 22, the S&P 500 index fell 1.2%, but 335 constituents still closed higher, indicating that the coverage of rising stocks within the US stock market is expanding and that overall market performance may be stronger than what the index reflects.