Morning News | Polymarket may launch a stock price prediction market; Tether CEO hints that USDT market cap may reach 1 trillion USD
Overview of Important Market Events on October 15整理：Zhou，ChainCatcher
Important News:
- Market News: Polymarket Launches Stock "Up/Down" Prediction Market, Users Can Bet on Stock Price Trends
- Zhao Changpeng: The Government Will Not Rescue Cryptocurrency, But Binance Will Do Its Best
- Tether CEO Hints USDT Market Cap May Reach $1 Trillion
- BlackRock CEO: Will Promote Asset Tokenization and ETF Tokenization
- Uniswap Founder: High Listing Fees Charged by CEXs Are Just Marketing Tactics, DEXs Have Achieved Free Listings and Liquidity Support
What Important Events Happened in the Last 24 Hours?
Traders Bet on the Fed Cutting Rates at Least Once by Year-End, Possible Cut of 50 Basis Points
According to ChainCatcher and Jinshi reports, traders are starting to bet that the Federal Reserve will cut rates significantly at least once before the end of the year, with expectations that the policy may be more aggressive than other market observers. Recent trading activity in options linked to the Secured Overnight Financing Rate (SOFR) shows that the market is increasing its positioning for a half-point cut, which could occur at this month's meeting or in December. This expectation exceeds the two cuts of 25 basis points each currently priced into the interest rate swaps.
According to ChainCatcher, Polymarket has officially launched a prediction market for stock directions (Up / Down Equity Markets), allowing users to bet on the future prices of specific stocks.
Zhao Changpeng: The Government Will Not Rescue Cryptocurrency, But Binance Will Do Its Best
ChainCatcher reports that Zhao Changpeng stated on the X platform that no government will rescue cryptocurrency, but we will do our best. He expressed happiness to see everyone sharing what they have gained from Binance.
Tether CEO Hints USDT Market Cap May Reach $1 Trillion
ChainCatcher reports that Tether CEO Paolo Ardoino hinted on the X platform with images that the market cap of USDT may reach $1 trillion.
Currently, the market cap of USDT has surpassed $180 billion, setting a new historical high.
BlackRock CEO: Will Promote Asset Tokenization and ETF Tokenization
According to ChainCatcher and Crypto In America reports, BlackRock CEO Larry Fink stated in an interview with CNBC that the company is advancing the "tokenization" of traditional assets such as real estate, stocks, and bonds, and exploring the on-chain implementation of ETFs for fractional ownership, accelerated settlement, and 24/7 access.
Fink mentioned that BlackRock's assets under management reached $13.5 trillion in the third quarter, with its ETF platform surpassing $5 trillion, including approximately $10 billion in assets for the iShares Bitcoin ETF, which is the fastest-growing and most profitable fund. Fink revealed that BlackRock is developing internal asset tokenization technology, believing this move will attract more long-term and younger investors.
SOLOTEX Approved by FINRA to Provide Tokenized Stock Trading Services for U.S. Retail Investors
ChainCatcher reports that SOLOTEX will provide tokenized stock trading services for U.S. retail investors under the approval of the Financial Industry Regulatory Authority (FINRA).
ChainCatcher reports that He Yi stated on the X platform, "If you have an excellent project, then the right way to enter Alpha is not to actively pursue token listings; you will find that actually acquiring seed users and bringing new products to market is the best approach.
Although many projects apply for Alpha, those that ultimately stand out are often those with solid product infrastructure."
ChainCatcher reports that He Yi responded to the news of "Binance's $21.75 billion inflow and outflow in 7 days," stating that he has inquired about the statistical logic from the data platform, which indicates the "floating profit and loss difference between the token price seven days ago and today's token price," rather than real capital flow, hence all platforms show results as "outflow."
Previously, market reports indicated that CoinGlass data showed significant asset outflows from centralized exchanges in the past week, with Binance having the largest outflow amounting to $21.75 billion.
ChainCatcher reports that OKX CEO Star stated on the X platform that the Huione Group has caused serious negative impacts in the crypto asset field. Given the potential risks, OKX has implemented relevant control measures on transactions involving this group.
Any crypto asset deposit or withdrawal transactions related to Huione will undergo compliance investigations. Based on the investigation results, the platform may take measures such as freezing funds or terminating account services.
ChainCatcher reports that Uniswap founder Hayden Adams stated that decentralized exchanges (DEX) and automated market makers (AMM) can now provide free listings, trading, and liquidity support for any asset. He pointed out that if a project chooses to pay high listing fees to centralized exchanges (CEX), its true purpose is more about marketing promotion rather than a necessary demand at the market structure level.
Hayden emphasized, "The development of DEX and AMM allows anyone to freely create markets, and we are proud to play a role in achieving this goal."
CoinDCX Co-Founder: Coinbase's Investment Values CoinDCX at $2.45 Billion
ChainCatcher reports that according to The Block, CoinDCX co-founder and CEO Sumit Gupta stated that Coinbase's investment values CoinDCX at $2.45 billion.
Previously, Coinbase announced it would invest in the crypto exchange CoinDCX, pending regulatory approval.
Tom Lee and Arthur Hayes Still Predict Ethereum Will Rise to $10,000 by Year-End
ChainCatcher reports that despite the recent downturn in the cryptocurrency market and less than three months until year-end, BitMine Chairman Tom Lee and BitMEX co-founder Arthur Hayes still predict that the price of Ethereum (ETH) will reach $10,000 this year.
Tom Lee stated in an interview with the Bankless podcast on Tuesday that he expects Ethereum's price to be between $10,000 and $12,000 by year-end. In the same podcast, Arthur Hayes stated he would remain consistent and stick to the $10,000 prediction by year-end.
Currently, the price of Ethereum is around $4,129, meaning a rise to $10,000 would represent an increase of about 142%. Both Tom Lee and Arthur Hayes believe this target is still achievable within the remaining time of this year and could even be considered a conservative estimate.
Meme Popularity Ranking
According to the meme token tracking and analysis platform GMGN, as of October 16, 08:40,
The top five popular ETH tokens in the past 24 hours are: USDe, sUSDe, YB, LINK, MAXI
The top five popular Solana tokens in the past 24 hours are: MetaMask, LILPEPE, MetaMask, TRUMP, MetaMask
The top five popular Base tokens in the past 24 hours are: ZORA, EURC, ZEN, wstETH, MOON
What Are Some Noteworthy Articles to Read in the Last 24 Hours?
Monad Airdrop Query Goes Live, Almost All Testnet Users "Got Reversed"?
This article analyzes the results of the popular project Monad airdrop allocation and community response, pointing out that a large number of early testnet interaction users encountered "reversal," while airdrop shares mainly flowed to active users across chains and specific community members, raising transparency concerns and community dissatisfaction. The article concludes by providing airdrop ideas for those "reversed" to shift their focus to exchange activities.
After taking a few days to organize assets and plans, I received a bunch of messages with questions in the comment section and backend, so I summarized some thoughts from the past two years. This article is quite long, but it doesn't contain any wealth codes or motivational quotes; it's rather boring. I rarely post the truth on this account, and similar content will not be published again. If you are a fan concerned about me or want to know more about me, you can continue reading; otherwise, please skip.
When domestic media exaggerated that I made millions by shorting during the recent crash, while my actual situation was a pullback in spot trading and arbitrage profits, I once again realized that the truth is not what people care about. What you see online is mostly what others want you to see. In a pyramid-structured industry, no, in any industry, at the bottom of the pyramid, my friends, what you see is always the simplest, most easily understood, and most in line with public perception lies.
$1.5 Billion in Bitcoin Seized: The Collapse of the Southeast Asian "Pig Butchering" Empire
This article reports on the largest action to date launched by U.S. and U.K. law enforcement against the Prince Group, a multinational criminal organization in Cambodia, and its leader Chen Zhi. The U.S. Department of Justice (DOJ) seized nearly 130,000 bitcoins (worth about $15 billion at the time), setting a record for the largest asset seizure in U.S. history. The operation aims to combat the "pig butchering" scam networks and modern slavery scam parks spread across Southeast Asia.
Can We Still Call What We Trade Meme Coins?
This article analyzes the continued activity in the BSC meme coin market after experiencing the "1011" liquidation storm in the crypto market, exploring the rationality of its market conditions, the essence of meme coins, and calling for the establishment of a consensus-based evaluation system to promote the long-term healthy development of the market.
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