UBS, Chainlink Execute First Onchain Tokenized Fund Redemption in $100T Market

[Trump: New Tariff Policies to Be Temporarily Suspended During Supreme Court Tariff Case Review] U.S. President Trump stated that during the Supreme Court's review of tariff-related cases, the government will not introduce new tariff measures. He emphasized that if the case does not progress smoothly, a backup plan may need to be formulated, though its implementation would be relatively slower. He also pointed out that the government still has other alternative strategies to address potential challenges related to tariff issues.

TRX's trading volume reached 82 billion units in the third quarter, setting a new quarterly high for the year. The trading volume in the spot market was 61 billion pieces, and perpetual contracts saw significant growth on some exchanges, with KuCoin increasing by 288%, Hyperliquid increasing by 278%, and Gate increasing by 180%. Despite a surge in trading volume and stable nominal liquidity, Bitget leads in the average middle price depth (1%) of the TRX USDT and TRX USD trading pairs. （CoinDesk）

Robinhood and Coinbase stock prices have recently experienced significant declines, as investors are concerned about the performance of cryptocurrency related stocks due to increased macroeconomic uncertainty. Robinhood's stock price has fallen by over 80% from its historical high, while Coinbase's stock price continues to be under pressure, reflecting a weakening of market confidence in the cryptocurrency industry. Analysts point out that rising interest rates and regulatory pressure may further affect the performance of cryptocurrency related stocks. （Decrypt）

[Federal Reserve's Hammack: No Consideration for Lowering Rates to Accommodative Range] Federal Reserve's Hammack stated that he does not wish to lower interest rates to an accommodative range, as the current economic conditions are strong and healthy, and inflation expectation data is being closely monitored. He believes the Federal Reserve has performed well in managing the federal funds rate, despite it being a small market. He also mentioned that debates within the Federal Reserve regarding interest rate targets are positive, moderate fluctuations in the money market are acceptable, and the ample reserves framework is the correct operational approach. He expressed satisfaction with the use of the standing repo facility but was surprised that it has not been more widely utilized.

A crypto whale has adopted a short selling strategy against Bitcoin and XRP, investing a total of $140 million in short positions. This move has attracted market attention, especially against the backdrop of intensified volatility in the cryptocurrency market in recent times. The community is concerned about the potential impact of this large-scale short selling behavior, believing that it may exacerbate market sentiment fluctuations. （Decrypt）