BNB Slides 6.5% After Hitting All-Time High After $500B Crypto Rout

[Analyst: Powell Hints at Possibility of Rate Cut] Spartan Capital Securities Chief Economist Peter Cardillo stated that Federal Reserve Chairman Powell has not changed his tone, hinting at a possible 25 basis point rate cut at the end of this month, with subsequent actions to be evaluated based on economic conditions. If the labor market continues to weaken, there is a possibility of a 50 basis point rate cut in December. Powell is preparing the market for rate cut expectations but emphasized that a rate cut is not guaranteed.

[Trump: BRICS is an attack on the dollar] Former U.S. President Trump stated that the actions of the BRICS organization are an attack on the dollar, suggesting that it could pose a threat to the dollar's global status. (Watcher.Guru)

Bitget S/USDT's perpetual trading volume surged 7 times within 10 minutes, with a turnover of 9.2 million US dollars in the past 24 hours, a decrease of 1.99% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Decrypt: Republican Proposal Aims to Codify Trump's Crypto 401K Order] The U.S. Republican Party has introduced a bill seeking to elevate the executive order from the Trump era, which allowed Bitcoin and cryptocurrencies to be included in 401K retirement plans, to federal law. Previously, the order aimed to expand investment options but sparked debates over risks and regulation. If successfully legislated, it will have a profound impact on the status of cryptocurrencies within traditional finance. (Decrypt)

[Federal Reserve Releases Minutes of August and September 2025 Discount Rate Meetings] The Federal Reserve on Tuesday released the minutes of the discount rate meetings held on August 18 and September 17, 2025, which involved the review and decision on the discount window rate for depository institutions. The process of setting the discount rate differs from the process of setting the federal funds rate target range by the Federal Open Market Committee.