DBS, Goldman Sachs Execute First Over-the-Counter Interbank Crypto Options Trade

[ADP Employment Data May Impact Fed's Confidence in December Rate Cut] Market analyst Giuseppe pointed out that the four-week employment data released by the U.S. Automatic Data Processing (ADP) company as of October 11, 2025, shows an average weekly increase of 14,250 jobs, totaling approximately 57,000 jobs, far exceeding the Dallas Fed's estimated monthly breakeven point of 30,000 jobs. The strong performance of the ADP data may make Federal Reserve Chair Powell more cautious when hinting at a December rate cut, potentially being seen as a hawkish surprise and having a significant impact on the market. Additionally, Federal Reserve Governor Waller has previously expressed support for rate cuts but recently emphasized the need for caution.

[Hercle Completes $10 Million Financing and Secures $50 Million Credit Line to Drive Stablecoin Cross-Border Payments] Hercle announced the completion of a $10 million equity financing round, led by F-Prime, along with securing a $50 million credit line to support global business expansion. The company focuses on providing end-to-end cross-border payment infrastructure for payment service providers and enterprises through stablecoin technology, aiming to reduce international settlement times from several days to just minutes. Hercle has processed over $20 billion in transactions, 90% of which were completed within 5 minutes, serving more than 200 institutional clients. Future plans include expansion into South America, the Middle East, and Africa markets, as well as strengthening regulatory compliance.

The crypto market paused midweek as traders looked to the Federal Reserve’s interest-rate call and progress on a potential U.S.-China trade agreement.

The right-wing political party Alternative for Germany (AfD) has proposed the establishment of a national level Bitcoin strategic reserve. Previously, Germany sold 50000 bitcoins at a price of $57900 per coin in 2024. (Bitcoin Archive) (AiCoin News)

A Washington, D.C. statue of Changpeng “CZ” Zhao became the center of a memecoin frenzy after the “czstatue” token surged 27,000% in a day before collapsing to near zero.