1. Probability of Fed Rate Cut in October Reaches 98.3%
According to CME "FedWatch" data, as of October 12, the probability of the Federal Reserve keeping rates unchanged in October is 1.7%, while the probability of a 25 basis point rate cut is 98.3%. -Original
2. Trump Holds Over $870 Million in Bitcoin, Sparking Heated Discussion
The latest report from Forbes shows that Trump is one of the largest bitcoin holders in the United States, with bitcoin assets valued at over $870 million. This data highlights the importance of cryptocurrency in the investment portfolios of high-net-worth individuals. -Original
3. Binance Compensates Users $283 Million for Asset Depegging Incident
On October 13, Binance reviewed the technical failure and asset depegging incident that occurred on October 10, confirming that it had compensated affected users approximately $283 million. During the incident, some assets such as USDE experienced depegging due to severe market volatility. Binance completed compensation within 24 hours and proactively covered user losses caused by forced liquidation of collateralized assets. In addition, some spot trading pairs experienced extreme price fluctuations and "zero price" display issues. Binance stated that this was only a display problem and plans to optimize the interface display to enhance user experience. -Original
4. Michael Saylor May Be Hinting at Another Bitcoin Purchase
On October 12, Strategy founder Michael Saylor once again posted information related to the bitcoin Tracker. According to past patterns, Strategy usually announces additional bitcoin purchases the day after releasing such information. -Original
5. Shenzhen-Hong Kong Cross-Border Data Verification Platform Pilots Blockchain Technology Regularization
Hong Kong Monetary Authority Deputy Chief Executive Howard Lee stated that the "cross-border credit information interconnection" pilot will be regularized in 2024, covering the Guangdong-Hong Kong-Macao Greater Bay Area, with initial pilots in Hong Kong and Shenzhen. The Shenzhen-Hong Kong cross-border data verification platform uses blockchain technology, with one node set up in each location. Users can upload encrypted hash codes to achieve legal cross-border data transfer. Pilot participants include seven banks such as HSBC, Standard Chartered, Bank of China (Hong Kong), and three credit agencies. -Original
6. Hong Kong Financial Secretary Emphasizes Digital Asset Volatility Highlights Need for Diversified Allocation
Hong Kong Financial Secretary Paul Chan mentioned in his essay that although the overall performance of global financial markets has been positive this year, the record high international gold prices and sharp price fluctuations in some digital assets indicate that the market is seeking asset allocation beyond the US dollar. The development of the Guangdong-Hong Kong-Macao Greater Bay Area brings opportunities for investors, and the local population's interest in diversified asset allocation has become an important driving force for Hong Kong to build a cross-border asset management center. -Original
7. QAI and Other Tokens to Unlock a Total of Approximately $80.35 Million Next Week
Next week, three crypto projects will unlock tokens with a total value of approximately $80.35 million. On October 13, CHEEL will unlock about 20.81 million tokens (approximately $22.47 million), accounting for 2.081% of total supply; on October 16, ARB will unlock about 93.12 million tokens (approximately $28.82 million), accounting for 0.931% of total supply; on October 18, QAI will unlock about 340,000 tokens (approximately $29.05 million), accounting for 3.417% of total supply. -Original
8. Glassnode Says Crypto Market Funding Rates Drop to Historic Lows
As of now, crypto market funding rates have dropped to levels seen during the 2022 bear market. Data shows this is one of the most severe leverage resets in crypto history, indicating that speculative excess in the market has been largely cleared. Overall, market sentiment has become more cautious, and leverage risk has been significantly reduced. -Original
