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[President Trump: Tariffs Can Be Used to Pay Off U.S. Debt] President Trump stated that tariff revenue could be used to pay off the United States' national debt. This viewpoint has sparked widespread discussion. (Watcher.Guru)
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[President Trump: Tariffs Can Be Used to Pay Off U.S. Debt] President Trump stated that tariff revenue could be used to pay off the United States' national debt. This viewpoint has sparked widespread discussion. (Watcher.Guru)
Kadena announced that due to market conditions, it will immediately cease all operational activities. Specific details have not yet been disclosed. (Cointelegraph) Title: President Trump Announces Tariffs on Chinese Goods to Rise to 155% Starting November Content: President Trump announced that starting November 1, U.S. tariffs on Chinese goods will increase to 155%. (Cointelegraph) Title: Coinbase Plans to Develop Privacy Transaction Features Content: Coinbase CEO stated that the company is developing privacy transaction features based on Iron Fish technology acquired in March, further enhancing user privacy protection. (Cointelegraph) Title: Gold Experiences Largest Single-Day Drop Since August 2020 Content: Gold prices fell approximately 5.5% today, marking the largest single-day drop since August 2020, with significant market volatility. (Cointelegraph) Title: Crypto Leader to Meet with Senate Banking Committee Content: Crypto leader David Sacks will meet with Republican members of the Senate Banking Committee tomorrow to push for market structure reform discussions. (Cointelegraph) Title: Federal Reserve Studies New Payment Account Model to Support Fintech Content: The Federal Reserve is studying a new payment account model that allows fintech and crypto companies limited access to payment systems without granting full banking privileges. (Cointelegraph) Title: Majority of Economists Expect Fed to Cut Rates by 25 Basis Points Content: Out of 117 economists, 115 expect the Federal Reserve to announce a 25 basis point rate cut at the October 29 meeting. (Cointelegraph) Title: Coinbase Acquires Echo Platform for $37.5 Million Content: Coinbase announced the acquisition of blockchain capital fundraising platform Echo for $37.5 million, further expanding its business footprint. (Cointelegraph) Title: SpaceX Transfers Bitcoin for the First Time Since July Content: SpaceX completed its first Bitcoin transfer since July this year, with specific transaction details yet to be disclosed. (Cointelegraph) Title: Coinbase Urges U.S. Government to Adopt Blockchain Technology to Combat Money Laundering Content: Coinbase called on the U.S. government to adopt blockchain analytics and artificial intelligence technologies to address increasingly complex money laundering activities. (Cointelegraph)
BBX News: Global listed companies' encryption configurations continued to be active yesterday: - ETH Treasury Increase: SharpLink Gaming (NASDAQ: SBET) spent $75 million to purchase 19271 ETH, with a total holding of 859853 ETH (approximately $3.5 billion) Steady increase in BTC holdings: RSXYZ (SET: XYZ) purchased 21.97 BTC ($2.45 million); The Smarter Web Company (AQUIS: SWC) increases its holdings of 10 BTC to 2660 BTC The daily disclosed investment scale is nearly 80 million US dollars, and the ETH treasury and BTC reserves are advancing synchronously. Source: bbx.com
[MELANIA Token Issuer Executives Accused of Price Manipulation] Executives of Meteora, the issuer of the meme token MELANIA, have been accused by investors of organizing the token issuance despite knowing the price would plummet. MELANIA was launched the day before President Trump's inauguration, with its price surging from a few cents to $13.73 before sharply declining, now worth less than one percent of its peak value. Investors claim that Meteora executives profited by selling off tokens, causing the price to crash, and used prominent figures like Melania as promotional fronts. Meteora has yet to respond to the allegations.
[Warren Urges Implementation of the 'GENIUS Act' to Strengthen Stablecoin Regulation] On October 22, Senate Banking Committee's lead Democrat Warren sent a letter to Treasury Secretary Besent, urging the swift execution of the 'GENIUS Act' to address regulatory gaps in stablecoins. The 'GENIUS Act,' signed by President Trump in July, mandates that stablecoins must be fully backed by U.S. dollars or liquid assets and requires annual audits for issuers with a market capitalization exceeding $50 billion. Warren emphasized that recent technical issues with Paxos led to the accidental minting of $3 trillion PYUSD stablecoins, highlighting operational risks. She called on the Treasury Department to clarify response measures or specify the support needed from Congress.
[Goldman Sachs Expects Bank of Japan to Raise Interest Rates in January 2026, December Rate Hike Risk Remains] The Goldman Sachs Economic Research team maintained its baseline forecast in the latest report, suggesting that the Bank of Japan may initiate an interest rate hike in January 2026, while warning that the risk of a rate hike in December 2025 still exists. The report noted that uncertainty regarding policy direction has increased following the establishment of a new government led by Sanae Takaichi, a supporter of Abenomics. However, Goldman Sachs remains cautiously optimistic about the Bank of Japan's ability to raise interest rates and its independence, based on four key reasons, including significant improvements in Japan's economy and price conditions compared to when Abenomics was launched in 2012. At present, it appears that Japan has almost no need to implement large-scale monetary easing policies similar to Abenomics.