Morning News | Full Text of the Federal Reserve Statement: Interest Rates Unchanged, Two Members Support Rate Hike; CITIC Securities: Still Expecting the Federal Reserve to Raise Rates by 25 bp in December

Compiled by: ChainCatcher

What important events have occurred in the past 24 hours?

Full Statement from the Federal Reserve: Interest Rates Unchanged, Two Members Support Rate Hike

According to ChainCatcher, in the early hours of Thursday, the Federal Reserve decided to maintain the federal funds rate target range at 3.75% to 4.00% with 10 votes in favor and 2 against. Lisa D. Cook and Beth M. Hammack cast the dissenting votes, both advocating for a 25 basis point rate hike at this meeting.

The Federal Open Market Committee passed the following statement with 10 votes in favor and 2 against: The committee decided to maintain the federal funds rate target range at 3.75% to 4.00% to support the Federal Reserve's dual mandate. The committee continues to implement a policy that maintains ample reserves in the banking system. Economic activity is expanding at a strong pace.

Despite factors such as geopolitical tensions keeping uncertainty high, domestic spending remains resilient. Productivity growth is strong, and capital investment is robust. Employment growth is in line with the growth of the labor force, and the unemployment rate has not changed significantly. Inflation remains elevated. Gathering more information will help the committee determine the appropriate policy stance to ensure inflation returns to the committee's 2% target in a timely manner.

The committee will achieve price stability. The members who voted against this monetary policy action were Lisa D. Cook and Beth M. Hammack, both advocating for a 25 basis point increase in the federal funds rate target range at this meeting.

Charles Schwab: Despite Multiple Rate Hikes by the Federal Reserve, the U.S. Economy is Expected to Remain Resilient

According to ChainCatcher, Kevin Gordon, head of macro research and strategy at Charles Schwab, stated that the current economic backdrop is still relatively favorable for the Federal Reserve to raise interest rates, and even as it enters a cycle of multiple rate hikes, the U.S. economy is likely to remain resilient. He pointed out that rate hike cycles are often accompanied by significant market volatility. Historical data he cited shows that within 12 months of the Federal Reserve starting a rate hike cycle, the S&P 500 index has averaged a maximum decline of over 10%. The analysis also pointed out that interest rate policy is just one of the factors affecting stock prices. Currently, investments in the AI sector and inflation driven by rising oil prices seem to be the main factors driving the stock market.

Federal Reserve Decision Outlook: Inflation and Rate Hike Pace in Focus

According to ChainCatcher, the Federal Reserve's upcoming meeting faces a trade-off between inflation pressures and policy pacing. Reasons supporting a rate hike include high CPI and PPI data for September, insufficient progress in reducing inflation, and the current interest rates possibly not being at a sufficiently restrictive level.

The hawkish view believes that the market generally expects a rate hike in December, and waiting another six weeks may increase the cost of policy lag. The view supporting a pause argues that if only 2 to 3 more rate hikes are needed afterward, the risks of a staggered action and a six-week delay are manageable.

Continuous rate hikes may lead the market to overestimate the pace of tightening, while officials have previously signaled patience, and an unexpected rate hike before the elections could also exacerbate market volatility.

Federal Reserve Maintains Interest Rates, Two Members Support Rate Hike

According to ChainCatcher, the Federal Reserve decided to maintain the federal funds rate target range at 3.75% to 4.00% with 10 votes in favor and 2 against. Lisa D. Cook and Beth M. Hammack cast dissenting votes, both advocating for a 25 basis point increase at this meeting. The statement noted that economic activity is expanding strongly, and inflation remains elevated. More information will help the committee assess the appropriate policy stance to ensure inflation returns to the 2% target in a timely manner.

New York State Legislation Strictly Limits AI Companions, Bans Providing Human-like Emotional Interaction to Minors

According to ChainCatcher, New York Governor Kathy Hochul formally signed a new bill on Wednesday that prohibits minors from using artificial intelligence chatbots with virtual companion attributes, making it one of the most comprehensive regulatory measures in the U.S. regarding consumer-grade AI models. The bill requires operators, including OpenAI's ChatGPT, to implement reasonable age verification measures and prohibits providing the high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not been confirmed.

According to the bill, relevant robots must not output content that could mislead minors into believing they possess life, human attributes, or real emotions, must not induce the illusion of a private emotional relationship, professional consultation, or authoritative guidance between youth, and must not present generated content as personal opinions.

The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors as "friends" or "lovers," protecting the mental and physical health of young people.

Children's media advocacy organization Common Sense Media endorsed the bill, calling it the strictest child AI safety law in the U.S. The tech industry has strongly pushed back, criticizing the overly broad definitions in the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies like OpenAI and Anthropic have not publicly responded to this.

CITIC Securities: Still Expecting the Federal Reserve to Raise Rates by 25 bp in December

According to ChainCatcher, CITIC Securities' research report stated that the Federal Reserve remained on hold in October as expected, with a more optimistic tone regarding the pace of economic expansion and a more cautious guidance on policy stance.

Wash's post-meeting remarks were more moderate than in September, mentioning that the credit environment has tightened, inflation expectations are moving in the right direction, and also previewing adjustments to the FOMC's meeting schedule for the next two years. The report still expects the Federal Reserve to raise rates by 25 bp in December, stating that the terminal rate of this rate hike cycle may not be far from the current level.

New variables in the Middle East situation are not yet sufficient to provide a clear and lasting exit path for both the U.S. and Iran, and high oil prices may continue until the situation clarifies, while further improvement in dollar liquidity requires new catalysts.

U.S. Senator Hagerty: CBDC Threatens Freedom, Discusses Expanding Strategic Bitcoin Reserves

According to ChainCatcher, U.S. Senator Bill Hagerty stated in an interview with Bitcoin Magazine that some members of Congress view central bank digital currency (CBDC) as the only solution for the crypto industry, which is "completely incompatible with freedom." He believes that regulatory ambiguity has allowed former SEC Chairman Gary Gensler to take enforcement actions against the crypto industry, while the government’s light-touch regulation helps foster innovation.

The interview also covered the follow-up progress of the Clarity Act, debates between Democrats over ethical provisions and stablecoin rewards, the regulatory division between the SEC and CFTC in the absence of congressional legislation, and the impact of the GENIUS Act on payments and settlements.

Hagerty also discussed the role of stablecoin demand in the U.S. Treasury and the dominance of the dollar. Regarding Bitcoin reserves, the interview discussed expanding the U.S. strategic Bitcoin reserves and topics related to 200,000 Bitcoins; it also touched on public concerns about crypto, Bitcoin mining and Tennessee Valley Authority energy projects, Bitcoin businesses in Nashville, and legislation that Congress could promote before the new session in January.

French Senate Passes Bill for Automatic Exchange of Crypto Tax Data

According to ChainCatcher, Cointelegraph reported that the French Senate passed a bill authorizing tax authorities to automatically exchange cryptocurrency transaction data with tax authorities in other countries. The bill completed its first reading on Tuesday and was submitted to the National Assembly as Bill No. 3421 for consideration. The bill covers a crypto tax information exchange agreement and updates existing financial account information agreements, and still needs to complete the entire legislative process.

The crypto information exchange agreement is based on the crypto asset reporting framework CARF established by the Organization for Economic Cooperation and Development, setting common standards for jurisdictions to collect and automatically exchange crypto transaction information. France has introduced a crypto reporting obligation through the 2025 Finance Law, implementing the crypto reporting amendment in the EU Administrative Cooperation Directive DAC8, requiring crypto service providers to report customer identities and transaction data to tax authorities, which will then share this information with the tax authorities of the EU countries where users reside.

French lawmakers are also discussing adjustments to crypto taxes in the 2027 budget. The National Assembly passed an amendment on October 16, proposing to tax gains from conversions to partially pegged fiat stablecoins starting January 1, 2027; this measure has not yet become law, with a related vote scheduled for November 3.

Faustine Fleuret, head of global public affairs at lending protocol Morpho, stated that tax reporting under DAC8 involves sharing personal information such as names, addresses, tax numbers, and transaction volumes, raising data security concerns; the European Commission plans to establish a central repository for crypto reporting by the end of 2026. She also mentioned that in France, where crypto holders have previously faced personal attacks, the leak of trader lists is primarily a security issue. CertiK data shows that among the 52 verified personal attack incidents globally in the first half of 2026, France accounted for 33.

Analysis: Worsening Inflation May Raise Expectations for a 50 Basis Point Rate Hike by the Federal Reserve

According to ChainCatcher, citing CNBC analysis, the market generally expects the Federal Reserve to maintain interest rates at this meeting, but further deterioration in inflation may force it to tighten more aggressively in the coming months. TD Securities stated that if subsequent inflation data is significantly high or the labor market remains strong, the market may raise expectations for a one-time 50 basis point rate hike by the Federal Reserve in subsequent meetings.

PhotonPay Completes $40 Million Series C Financing, Accelerating the Construction of Next-Generation Financial Operating System

According to ChainCatcher, PhotonPay announced the completion of $40 million in Series C financing, led by Blockchain Capital, with SBI Group participating as a new investor, and existing investors IDG Capital, GL Ventures, and Lightspeed Faction increasing their investments.

Blacksheep Technology served as the exclusive financial advisor for this round of financing. This financing will accelerate PhotonPay's expansion of its next-generation financial operating system (Financial OS) centered on stablecoins, focusing on enhancing core capabilities such as multi-asset wallets supporting stablecoins and fiat currencies, global issuance, and local clearing, as well as speeding up the construction of a financial execution layer for AI agents.

PhotonPay's financial operating system connects stablecoin liquidity with traditional financial networks, helping businesses manage, mobilize, and utilize funds across assets and markets.

At the same time, the company is advancing the construction of financial infrastructure for AI agents to support AI-driven financial workflows and agentic commerce. Founded in 2015 in Hong Kong, PhotonPay has 16 offices worldwide and holds over 30 payment and financial licenses and regulatory approvals across the Americas, Europe, and Asia, serving businesses in over 200 countries and regions.

Franklin Launches Two U.S. Stock Dividend Reinvestment Bitcoin ETFs

ChainCatcher news, asset management giant Franklin Templeton announced the launch of two U.S. stock-listed ETFs, namely FBEQ, which tracks the VettaFi U.S. Large Cap 500 Bitcoin Dividend Reinvestment Index, and FIBT, which tracks the VettaFi U.S. Innovation 100 Bitcoin Dividend Reinvestment Index, with management fees of 0.09% and 0.19%, respectively.

The initial allocation of the products is approximately 95% U.S. stocks and 5% Bitcoin exposure. The index will reinvest regular and special dividends of the constituent stocks into Bitcoin after the ex-dividend date, thereby increasing Bitcoin's weight over time.

To maintain Bitcoin as a secondary position, if Bitcoin's weight exceeds 5% in any quarter, it will be adjusted down to 4.5%. If it exceeds 20% at any closing during the quarter, it will be reset to 4.5% two trading days later. The two funds do not hold Bitcoin directly but gain exposure through Bitcoin ETPs, futures, and options.

Trader Killa: Bitcoin has successfully withstood multiple bearish pressures, market resilience may indicate bull market characteristics

ChainCatcher news, trader Killa stated in a post that despite the market facing multiple bearish pressures such as the Federal Reserve's hawkish decision, rising oil prices, hot CPI data, soaring global bond yields, a strong dollar, Ledger wallet hacks, and concerns over the delisting risk of Strategy (MSTR) and the transition to AI, Bitcoin still maintains a range-bound fluctuation.

Considering the current macro pressures and negative news, Bitcoin should have dropped below $70,000, but its demonstrated resilience is noteworthy.

The market may be gradually forming an important phase bottom, as it can hold its price range under bearish shocks, indicating it is digesting negative news, which is also a typical characteristic of a bull market.

On-chain infrastructure company KR1 purchases 5,000 TAO, initiates Bittensor staking

ChainCatcher news, on October 29, London Stock Exchange-listed on-chain infrastructure company KR1 plc announced the launch of technical infrastructure operations on the decentralized AI network Bittensor. The company stated that it has recently purchased 5,000 native network assets TAO and initiated staking as part of its technical infrastructure strategy.

Based on the observed reward rate on October 28, the company estimates that the annualized infrastructure income is approximately equivalent to 6.6% of the current value of the deployed TAO holdings. The announcement stated that Bittensor is a layer blockchain supporting subnets, covering services such as AI inference, computing power, training, and prediction, with independent suppliers competing for network rewards based on performance. KR1 supports validators assessing the performance of service providers through staking and receives a portion of the network rewards.

There is no mandatory unbinding period for TAO unstaking, and the company can retrieve its holdings immediately after unstaking. Rewards can be retained to expand the scale of productive assets or liquidated for subsequent investments and operational costs. The company will also disclose TAO holdings and related infrastructure income in monthly unaudited updates. KR1's Managing Director and co-founder Keld van Schreven stated that as AI enables more complex tasks to be performed by software, the demand for infrastructure related to supply intelligence is expected to grow significantly.

Bittensor introduces open competition for AI service supply, and the company focuses on how its incentives are forming services that ensure continuous customer payments, as well as how to deploy TAO holdings to enhance the value and income capacity of corresponding productive digital assets per share. KR1 claims to be the only publicly listed company on the London Stock Exchange focused on on-chain infrastructure, holding and operating productive digital assets on the relevant network.

BlackRock buys 3,441.176 BTC, worth approximately $276.7 million

ChainCatcher news, on-chain monitoring account Onchain Lens reported that BlackRock's Bitcoin spot ETF IBIT-related wallet has cumulatively received 3,441.176 BTC from Coinbase Prime, worth approximately $276.7 million.

Bank of Russia approves NAUFOR as a self-regulatory organization for the crypto industry

ChainCatcher news, according to Bitcoin Magazine, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) on October 29 to become the country's first self-regulatory organization for crypto exchanges and digital custodians. This move will implement the "Digital Currency and Digital Rights Law," passed by the State Duma in July, into an operational system, requiring exchange operators and digital custodians to enter the central bank's registry and join a self-regulatory organization.

The central bank's registry currently includes 23 crypto exchanges and 8 digital custodians, including VTB, Sberbank, and T-Bank's parent company T-Technologies. Companies in the registry must complete their membership within 90 days. The self-regulatory organization is responsible for setting industry standards, supervising members, and communicating with regulators on behalf of the industry.

NAUFOR stated it will participate in the formulation of digital asset market standards and promote adjustments to central bank regulations. The association had earlier this month obtained similar qualifications in the field of information system operators and currently has 725 members. The law prohibits the use of Bitcoin for everyday payments, and domestic crypto payments remain banned, while licenses are issued to exchanges and custodians, limiting retail purchase amounts and establishing state-regulated cross-border trading channels.

Non-qualified retail investors can purchase up to 300,000 rubles (approximately $3,800) per year through a single intermediary. Additionally, the Moscow Exchange has tested crypto trading with professional market participants and plans to launch in December; Sberbank has also been approved to custody Bitcoin and other crypto assets.

Trade.xyz founder: Collaboration with ICE reached 381 days after launch

ChainCatcher news, Trade.xyz founder @sershokunin published a lengthy article stating that 381 days after the first market launch on Hyperliquid, Trade.xyz has partnered with ICE.

He stated that after CFTC approval, a dedicated U.S. market will be established, providing 24/7 perpetual contracts based on Hyperliquid, covering stocks, indices, commodities, forex, and crypto. Previously, Americans could not trade these markets directly, but now they will gain access to innovative products and U.S. regulatory protection. ICE is making a strategic investment and inviting participants like Stan Druckenmiller.

@sershokunin emphasized again in the lengthy article that the vision of the agreement is to create a universal exchange where any asset can be traded anytime and anywhere. Ultimately, it aims to achieve synergy between owned assets and traded assets, such as using tokenized stocks as collateral, hedging indices, trading pre-IPO companies, all completed within a single account.

Yi Lihua: Still sees a bullish trend for Bitcoin, but needs to wait for a proper correction

ChainCatcher news, Liquid Capital founder Yi Lihua stated in a post that the global financial market has been quite volatile recently, and investments and trading cannot expect to make money every moment. He mentioned that even Duan Yongping has to endure significant floating losses, with stock investors previously making tenfold profits now facing an 80% retracement, and the situation for ordinary stock and crypto investors is even worse.

The overall environment is still in a rate hike cycle, and Bitcoin has performed relatively well as an asset. Yi Lihua reiterated that the rise is not a straight line, nor is the correction; he still sees a bullish trend and continues to wait for a proper correction.

As the midterm elections approach, market volatility and trading opportunities increase. He also mentioned that Coinbase has launched a global derivatives trading competition with a maximum prize pool of 2 million USDC, believing that the event provides a platform for communication and testing trading strategies, and he himself will participate and learn.

Ethereum spot ETF saw a total net outflow of $21.4 million yesterday, with BlackRock's ETHA leading in net outflows of $44.8 million

ChainCatcher news, according to Rootdata, yesterday (Eastern Time October 28) the Ethereum spot ETF had a total net outflow of $21.4 million.

The Ethereum spot ETF with the highest single-day net outflow that day was BlackRock's ETF ETHA, with a net outflow of $44.8 million. As of that trading day, ETHA has a historical cumulative net inflow of $12.036 billion.

The Ethereum spot ETF with the highest single-day net inflow that day was Fidelity's ETF FETH, with a net inflow of $18.8 million.

Strong dollar pressures the pound, Fed rate hike expectations support

ChainCatcher news, the pound against the dollar faced selling pressure during the Asian session, dropping to around 1.33. The dollar strengthened due to expectations of another rate hike by the Federal Reserve this year, with CME tools indicating an approximately 80% probability of a rate hike in December. Geopolitical uncertainties support the dollar, while the pound's downside is limited by expectations of Bank of England policy.

Ipsos survey: 22% of Americans have held crypto, annual usage rate remains at 13%

ChainCatcher news, according to Decrypt, a national survey commissioned by the crypto policy advocacy organization DeFi Education Fund and conducted by Ipsos shows that 22% of American adults have held or used cryptocurrency, up from 18% in 2025, but the usage rate in the past 12 months remains at 13%. The survey was conducted from September 8 to 16, interviewing 1,545 adults, with a margin of error of ±2.8 percentage points.

The growth almost entirely comes from users who have dropped out: among those who have not used crypto in the past year, the proportion who had previously held or used it rose from 5% to 11%; the willingness to purchase in the future also remains flat, with 17% indicating they might hold or use it in the future, compared to 16% last year. In terms of user demographics, the usage rate for men in the past year was 18%, while for women it was 8%, with the former being more than twice that of the latter, and the usage rate for adults under 60 was significantly higher than for older individuals. The primary reason for trying crypto was curiosity (34%), followed by long-term investment (25%).

Respondents expressed significant unease with the traditional financial system: only 19% believe it is safe, while 63% think it needs upgrading to address cybercrime and AI threats; 60% are concerned about data breaches at large financial institutions, and 54% doubt their ability to withstand AI-driven threats, with 74% stating that financial privacy is important. This skepticism has not translated into trust in crypto. Only 4% have high trust in crypto exchanges, and 5% have high trust in decentralized platforms, while large national banks and credit unions have trust levels of 42% and 48%, respectively.

The knowledge gap is also significant: only 2% of Americans are very familiar with DeFi, 6% can identify all four characteristics of crypto listed in the survey, and 35% are completely uncertain how to describe crypto. However, 40% indicated that if DeFi were available, they would at least have some likelihood of trying it, with over 80% stating they would use it to save money, earn interest, or remit to friends and family; the desire to understand stablecoins and DeFi has decreased from 11% to 7% and 8%, respectively.

Waller: No decision yet on whether to raise rates further

ChainCatcher News, Federal Reserve Chairman Waller avoided the question of whether the current interest rate level is appropriate. He stated that there is a general consensus that previous actions have shown effectiveness, but no clear conclusion has been reached regarding the need for further rate hikes in the future.

Waller: Skeptical of the View that Rate Hikes Won't Affect AI

ChainCatcher News, Federal Reserve Chairman Waller stated at a press conference that with oil prices continuing to rise, interest rates have fallen, and he is skeptical of the view that rate hikes won't affect AI, leaving it up to you to decide whether to read it as AI or SI, noting that interest rates have impacted the tech sector.

Waller: Federal Reserve Meeting Schedule Will Change Starting Next Fall, One Meeting in 2027 Will Not Vote on Interest Rates

ChainCatcher News, Federal Reserve Chairman Waller stated at a press conference that the FOMC will still hold 8 meetings in 2027, one of which will specifically discuss monetary policy strategy, and it is expected that there will be no vote on the federal funds rate nor a policy statement issued, while the other 7 will be regular policy decision meetings. Relevant adjustments will begin next fall. He expects there will be 2 strategic discussion meetings and 6 policy decision meetings in 2028.

Federal Reserve Maintains Interest Rate Cap at 4%

ChainCatcher News, as of October 28, the Federal Reserve's interest rate cap in the U.S. is 4%, in line with expectations, with the previous value being 4.

Former Federal Reserve Vice Chairman: Waller Should Emphasize Forward Guidance

ChainCatcher News, former Federal Reserve Vice Chairman Blinder stated that now is an excellent time for Waller to use forward guidance. Blinder pointed out that the Federal Reserve is facing a dilemma, as decision-makers can provide ample justification whether to maintain interest rates or raise them. He believes that the so-called "hawkish pause" can only be reflected through forward guidance.

Opinion: Delaying Rate Hikes Will Only Prolong Pain

ChainCatcher News, according to Jinshi Data, CIO Group co-founder Steven Whiting stated that if the Federal Reserve waits until December to raise rates again, it will only "prolong our pain." He believes that inflation is still too high, and raising rates now "might be better" than continuing to wait. The report cites CME FedWatch data indicating that the market's pricing probability for a 25 basis point rate hike at this meeting is only 7%. Whiting emphasized that he is not predicting a rate hike at this meeting but believes the probability of unexpected action is higher than 7%.

Bank of England Launches Consultation on Tokenized Collateral for Central Clearing

ChainCatcher News, the Bank of England has launched a consultation on how central counterparties (CCPs) can accept digital forms of eligible collateral, stating that current rules allow for such arrangements provided the relevant assets meet clearing standards. The draft regulatory statement released by the bank will clarify what CCPs need to specify when submitting applications under the existing approval process, covering accepted collateral and types that meet the criteria under the proposed UK CCP rulebook but have not yet been used.

The Bank of England emphasized that this statement will not create new regulatory obligations. The Bank of England pointed out that tokenized collateral must always be capable of being valued, transferred, and liquidated, including under stress scenarios; the increase in cross-border circulation speed helps institutions meet margin calls in a timely manner.

Sarah Breeden, Vice Governor responsible for financial stability, stated that this consultation reflects the central bank's goal of promoting innovation in financial market infrastructure while maintaining financial stability, and is part of the overall agenda of regulators and the industry to promote the responsible application of tokenization in financial markets. The consultation document will close for comments on February 12, 2027, and the Bank of England plans to subsequently publish a policy response and related rules.

Crypto Industry Organization Innovation Crypto Council Calls on U.S. SEC to Clarify Regulatory Boundaries for On-Chain Vaults

ChainCatcher News, according to Crypto in America, the crypto industry organization Innovation Crypto Council (CCI) and members such as Bitwise, Galaxy Digital, and Morpho submitted a 238-page report to the U.S. Securities and Exchange Commission (SEC), calling for the regulator to clarify how existing securities laws apply to on-chain vaults and to establish a differentiated regulatory framework based on the degree of control that human operators have over user assets and investment decisions.

European Central Bank Keeps Main Rates Unchanged, in Line with Market Expectations

ChainCatcher News, the European Central Bank has kept the deposit facility rate, main refinancing rate, and marginal lending rate unchanged at 2.5%, 2.65%, and 2.9%, respectively, in line with market expectations.

zkLink: Nova Contract Under Continuous Attack, Willing to Offer 20% White Hat Bounty

ChainCatcher News, zkLink, an aggregation Rollup infrastructure, stated that it has confirmed ongoing attacks against its aggregation Layer 3 network zkLink Nova on the Ethereum and Optimism Arbitrator contracts.

zkLink stated that the technical team is urgently controlling the situation and preventing further losses, and will update the community on progress. zkLink calls on relevant parties to cease further exploitation of zkLink Nova contracts across chains and to return affected funds. The project team stated that if the other party cooperates in returning the funds, they are prepared to offer a 20% white hat bounty, and no further action will be taken after the funds are returned.

Security agency Blockaid previously monitored that attackers injected forged batch roots into Ethereum through public relays, and then completed ETH and ERC-20 withdrawals from zkLink Nova's L1 custody contract. At that time, the total loss from L1 ETH custody and ERC-20 bridge was approximately $786,000, and the attack is still ongoing.

Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of October 30, 08:00,

The top five popular ETH tokens in the past 24 hours are: PEPE, UNI, cirBTC, SI, SIB

The top five popular Solana tokens in the past 24 hours are: GTA6, STONK, HI, ZERODAY, FLOAT

The top five popular Base tokens in the past 24 hours are: XDP, RSGP, STONKEX, VVV, ELSA

The top five popular BSC tokens in the past 24 hours are: BNCB, JAGENT, GANG, SAFU, ZERODAY

What are some noteworthy articles to read in the past 24 hours?

Solana 2026: Ecosystem and Market Strategy Research

Conclusion. Solana's technology, community, incentive mechanisms, and applications together form an ecosystem. Technology enables massive transaction volumes, the community plays an important role in attracting users and retaining them, while applications cover the complete lifecycle of liquidity, keeping the funds brought in within the ecosystem and continuously driving its economic growth. Creators, developers, traders, and businesses can complete their respective business cycles on Solana, and the activities of each group will provide momentum for other groups.

The same cycle also carries risks. Most revenue still relies on trading and token issuance, with only a small amount of value flowing to SOL itself, while competitors still lead in DeFi, derivatives, and mainstream user onboarding. The key for Solana's next step is whether it can convert its leading advantage in trading into sustained demand and momentum for entering other markets.

Kalshi Valuation Soars to $40 Billion: Sequoia Continues to Invest, Accelerating Expansion into Traditional Exchange Boundaries

Conclusion. Today's framing is highly symbolic: on one side is a $40 billion valuation, Sequoia's four rounds of investment, and a licensed giant targeting the territory of traditional exchanges; on the other side is a valuation that is not even a fraction of that, yet on the same day, launching tokens on Binance Alpha and MEXC's decentralized new star.

The outcome of the prediction market is likely not to be determined by "who issues the token first," but by "who obtains legal status first and who establishes institutional-level liquidity first." Kalshi's $1 billion is not just a valuation but a ticket to the mainstream financial system; while the token frenzy of Predict.fun and others ultimately has to answer the same question in the face of regulation and real trading volume—does your price reflect information or speculation?

Full Text Compilation of Waller's Speech: Inflation Still High, Economy Strong, Why Did the Federal Reserve Choose to Wait?

Therefore, faster economic growth does not directly lead me to conclude that growth itself is pushing up inflation and making our job more difficult. But we will continue to study these issues.

In my view, our goal is not to artificially hinder economic operation and cause people to lose their jobs. You have heard me say before that I do not believe we must do this. The main channel through which policy works is the tightening of financial conditions. Since the last meeting, financial conditions have tightened slightly.

This does not make us uneasy; rather, it indicates that policy is working. I believe we can achieve price stability while allowing economic growth to be more sustainable. Will the Federal Reserve participate in the hearing involving Cook? Politico reporter: A hearing will be held next week regarding Lisa Cook's retention and related allegations. Will you or the Federal Reserve participate in these proceedings? Waller: To my knowledge, no. Thank you…

Open Letter from Trade.xyz Founder: My Goals and the Past 381 Days

Thanks to Stan Druckenmiller: Thank you for your collaboration and for helping us turn a new page.

Thanks to Hyperliquid Labs: You are the best partners we could hope for. You have set a standard that is nearly impossible to reach, and we have been striving to catch up. @chameleonjeff, @iliensinc, @xulianhl.

Most importantly, thanks to our users: when no one thought these markets were important, you participated in trading. Did you know? These trades are indeed very important.

Crowded, Confused, and Missing Out: Multiple Extreme Signals Emerge in Global Markets

Brazil: Debt Trajectory and Fiscal Cliff. Brazil's fiscal pressure is accumulating to a level that is unsettling the market. According to TS Lombard data, Brazil's debt-to-GDP ratio has risen from 71.7% when Lula took office in 2023 to 81.9%. If the current policy path is maintained, this ratio could approach 118% by 2036. The election is over, but the real test has just begun: how to convince investors that Brazil has the ability to stabilize its debt trajectory.

TS Lombard further warns that without substantial fiscal reform, Brazil may face the risk of a partial government shutdown by 2028. Mandatory spending is gradually squeezing discretionary fiscal space, and available funds may fall below the minimum threshold required for the government to operate normally. The conclusion is quite severe: Brazil's next round of fiscal adjustment may not stem from political will but rather be compelled by mathematical logic.

Wall Street "Speculates" on Walsh's Speech: Suggests Further Rate Hikes, but Not by Much

The Federal Reserve maintains interest rates unchanged at 10 to 2, and Walsh refuses to characterize current financial conditions as "tight," which the market interprets as a signal for rate hikes in December, but limited in scope; futures have priced in one rate hike each in December and March next year.

TVL Halved, Points Decline, How Much Capital Can Predict.fun Retain After Token Issuance?

Currently, the snapshot of Predict.fun's first season points has been completed. The funds and transactions generated for points previously will depend on the subsequent incentive design for whether they will remain on the platform. According to the official announcement, the second season LP points will be calculated based on order duration and actual transaction volume. Orders without transactions or with insufficient transaction amounts will not receive points for the transaction portion.

Whether this set of rules that only rewards actual transactions can retain funds will be answered by data in the coming weeks. Previously, Opinion's TVL significantly declined in the weeks following the end of the first season airdrop registration and the token launch.

This observation period coincides with the user's decision window. The selection form for the Binance channel closes on November 26. Users who are still observing can wait to see the data from the first month after the launch before making a decision.

Why is Strive More Aggressive than Strategy in Financing to Buy Coins?

Strive increased its holdings by 6,182 BTC in a week and announced a new issuance plan of up to $1 billion after completing a $630 million SATS issuance; calculated at $80,000 per BTC, Strive's preferred stock nominal amount accounts for about 61.1% of the holding value, while Strategy's convertible bonds and preferred stock combined account for about 29.6%.

Samsung Electronics Releases Q3 Financial Report: Record Profits, Good Days for Memory Chips Continue

The company expects total shareholder returns for the full year of 2026 to be between $67.08 billion and $82.00 billion (90 trillion to 110 trillion Korean won). Among them, returns that have been planned or completed are about $26.1 billion (35 trillion won), while the remaining $41.0 billion to $55.9 billion (55 trillion to 75 trillion won) will mainly be realized through large-scale share buybacks and cancellations as well as cash dividends.

Samsung Electronics also stated that it will pay attention to the price difference between common stock and preferred stock and adjust the proportion of preferred stock in buybacks based on market conditions. The specific arrangements for the next phase of the shareholder return policy, final return amount, and remaining funds will be determined and announced at the board meeting scheduled for late January 2027.

For Samsung Electronics, it is essential to seize the demand for memory chips driven by AI infrastructure investment while also addressing the impact of high chip costs on terminal businesses. Whether AI demand can continue to grow and whether the mobile and home appliance businesses can gradually improve profits will be important points for the company's future performance.

YC's Latest Startup Trend Indicator: AI is Moving from Models to the Real Economy, These 11 Cutting-Edge Tracks are Worth Betting On

This lengthy article summarizes the 11 cutting-edge directions that the core partner team of YC is focusing on, covering everything from $15 hourly democratized AI experts and writing models with truly literary-level writing quality to domestic manufacturing of robots in the U.S., data center power cooling supply chains, Wall Street financial tools for trillion-dollar infrastructure, and enterprise-exclusive privatized model systems. Deep Tide TechFlow has conducted a complete in-depth compilation of this, providing a rare industrial panorama and navigation guide for every entrepreneur, researcher, and investor at the forefront of the AI wave.

Microsoft Conference Call: Azure Revenue Expected to Grow Up to 50% This Fiscal Quarter, Capital Expenditure Limited by "Third-Party Delays"

Microsoft's Q1 revenue for fiscal year 2027 increased by 19% year-on-year to $92.28 billion, with Azure growth at 48% and next quarter guidance at 49%-50%; the CFO stated that delays in third-party capacity delivery are dragging down capital expenditure, with Q2 capital expenditure expected to exceed $50 billion and approximately $170 billion for the entire year.

Google Q3 Revenue at $127.6 Billion, AI Spending Intensifies, Cash Flow Signals Red Alert

Question: How was the overall performance in the third quarter? What impact has AI progress had on the business?

Pichai: In the third quarter, Alphabet's revenue grew by 25% year-on-year, with an annualized revenue run rate reaching $500 billion. The search business queries grew year-on-year at the highest rate in the past five years, and AI investments significantly increased usage and commercial queries.

Google Cloud revenue grew by 103%, with AI infrastructure and solutions being the main drivers. The first-party model API processes nearly 32 billion tokens per minute, a 40% increase from the previous quarter and more than four times that of the same period last year. Gemini application users reached 1 billion, becoming the fastest-growing product in Google's history. YouTube Music and Premium subscription users (including trials) exceeded 150 million.

In the Gemini 4 series, usage of the developer platform surged to 3.5 times that of Gemini 3 in the first week after the release of Argon, two weeks after its launch; Carbon is the strongest cutting-edge model, ranking first in relevant indices and leading in areas such as cybersecurity and long-term tasks.

Internally, Argon has increased code delivery by 35% and reduced errors by 30%. In the next 12 months, it is expected to continue accelerating due to recursive self-improvement and will launch more efficient model versions.