reserve

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, only two had net inflows; Binance had the largest decline, at 2.95%.In terms of exchange asset transparency proof, the top three exchanges with net outflows of reserve assets were Deribit (-340 million USD), Bybit (-291 million USD), and MEXC (-99.5608 million USD); in terms of net inflows, Binance had the highest inflow, reaching 703 million USD, followed by Bitfinex (+321 million USD) and OKX (+40.4574 million USD).

According to Cointelegraph, the Federal Reserve recently solicited public comments on two regulatory proposals for the issuance of payment stablecoins under the "Genius Act."The new regulations aim to establish a framework for the issuance of regulated stablecoins through full reserve asset requirements and approval processes.

According to a Reuters report, sources say that the Federal Reserve plans to raise the regulatory thresholds for banks.

The Federal Reserve Board (Fed) plans to establish rules for payment stablecoins issued by banks, requiring that each $1 token be backed by at least $1 in approved reserve assets and generally completed customer redemptions within two business days. If the issuer consistently falls below the minimum capital requirements, they may be required to liquidate reserve assets and redeem all tokens.Reserve assets may include U.S. dollars, Federal Reserve bank balances, certain bank deposits, U.S. Treasury securities with a remaining maturity of no more than 93 days, qualified repurchase agreements, and qualified investment funds, with some tokenized forms of assets potentially included. If reserves are insufficient, the issuer must notify the Fed and restore adequate backing; otherwise, they must liquidate reserves and redeem tokens pegged to the dollar. The Fed intends to require issuers to hold standardized capital against operational and certain credit risks, with a capital charge of 2% for the first $20 billion of issued stablecoin and 1% for amounts exceeding $50 billion.Another proposal allows state member banks that hold deposits to apply to establish subsidiaries for issuing payment stablecoins. The "GENIUS Act" stipulates that once the application is substantively complete, the Fed must make a decision within 120 days. Fed Governor Michael Barr stated that stablecoins should be reliably and promptly redeemable at par in various market conditions and when issuers encounter problems, and he called for the final rules to clarify universal redemption rights. He also expressed concern about the threshold for triggering regulatory or enforcement actions for anti-money laundering deficiencies needing to reach "significant or systemic" levels. The public comment period will be 60 days following the publication in the Federal Register.

French semiconductor company Sequans Communications has sold its last 314 bitcoins, completing its exit from the bitcoin reserve strategy, having previously held over 3,200 BTC. Sequans stated that this exit was conducted after the redemption of convertible bonds completed in May, allowing it to refocus on its core cellular IoT and software-defined radio business.Sequans CEO Georges Karam stated that the company used the proceeds from the bitcoin sales to pay off convertible bonds and strengthen its balance sheet. Currently, Sequans holds no cryptocurrency and has no outstanding debts other than government-funded R&D obligations. Sequans launched its bitcoin reserve strategy in June 2025, announcing a $384 million equity security and convertible secured bond issuance, with Karam at the time calling bitcoin a primary asset and an attractive long-term investment.The company began to reduce its holdings less than six months later, selling 970 BTC in November to redeem half of the convertible bonds. By May 2026, Sequans indicated that it would no longer pursue the reserve strategy and would gradually liquidate the remaining bitcoins. During the 2026 crypto bear market, an increasing number of digital asset reserve companies abandoned or scaled back their accumulation strategies. VanEck's head of digital asset research, Matthew Sigel, noted at the end of July that at least nine companies had completely liquidated or abandoned their bitcoin and cryptocurrency reserve strategies in 2026.

The Federal Reserve's Paulson stated that the inflation report in September prompted the interest rate hike.

Goldman Sachs Asset Management stated that the Federal Reserve is unlikely to enter a prolonged rate hike cycle. The institution believes that tariff and energy price pressures may ease, there are no signs of an overheating economy, and inflation expectations remain anchored. The Federal Reserve's dot plot indicates one more rate hike this year, while the money market pricing shows that the remaining two meetings will cumulatively raise rates by 37 basis points.

The Director of the National Economic Council of the White House, Hassett, criticized recent comments by Federal Reserve officials supporting interest rate hikes, stating that it is concerning to continue tightening policy with the core inflation rate close to 2%.Hassett questioned the rate hike stance of some officials and stated that Federal Reserve Chairman Waller faces the task of restoring independence.

According to Chainwire, the crypto travel booking platform Travala and AVA Foundation announced a matching buyback arrangement. Travala will fund the buyback independently and in addition to the existing rewards supplementary buyback from AVA Foundation, increasing the monthly open market buyback amount from 1 times the member rewards to 2 times. The matched AVA purchased will be transferred to a new Travala AVA strategic reserve wallet, which is multi-sig custodial, and Travala commits that the AVA in it will never be sold or transferred out.Under the existing mechanism, AVA Foundation repurchases an amount of AVA each month equivalent to the amount of AVA distributed to AVA Smart members in the previous month and transfers it back to the ecological incentive wallet, with a historical total of 4,824,722 AVA repurchased. The first matched buyback has been completed: the Foundation repurchased 369,881.04 AVA in September, corresponding to the member rewards in August; Travala independently matched and purchased another 369,881.04 AVA, totaling 739,762.08 AVA. The Travala portion has been transferred to address 0x7bed1889c21d9eb3560463c14cd74fe29f2d03b6, and both buybacks can be verified on-chain separately.The AVA transferred to this wallet is permanently locked, with the monthly portion removed from the circulating supply and excluded from the official circulating supply through the AVA circulating supply interface. Travala will submit the reserve wallet address to CoinMarketCap and CoinGecko, and both parties will publicly report the numbers of the two buybacks each month.

According to Catcher Predict monitoring, in the event of "Federal Reserve October Decision" on the prediction market Polymarket, the sub-market "No Change" option's probability of "Yes" has experienced a sharp fluctuation, plummeting from 45.5% an hour ago to the current 30.5% (a fluctuation of 15%). Please note the impact of related breaking news.

Federal Reserve Governor Barr said that further interest rate hikes may be needed to ensure a timely return to the 2% inflation target.

The British pound fell to a 12-week low against the US dollar due to the Bank of England's cautious stance on interest rate hikes, contrasting with the Federal Reserve's tightening policy.The Federal Reserve raised interest rates by 25 basis points last week and hinted at at least one more rate hike this year, strengthening the dollar. The Bank of England kept rates unchanged last week, causing the pound to drop by as much as 0.6%, reaching a low of 1.326 dollars.

Due to the strengthening of the US dollar and hawkish remarks from Federal Reserve officials, market expectations for tightening monetary policy have increased, causing gold prices to decline within a range. The dollar has risen to a two-month high, making gold priced in dollars more expensive. Richmond Fed President Barkin stated that the threat of interest rate hikes and further increases in the future could suppress corporate inflation expectations.

Bitcoin Magazine released a video interview where Jim Bianco, founder of Bianco Research, stated that the bond market signaled over two years ago before the Federal Reserve's first interest rate hike in more than three years. He pointed out that during the previous rate-cutting cycle of the Federal Reserve, the yield on the 10-year U.S. Treasury rose from 3.7% to 5%, marking the first time in over 50 years that the long-end yield increased while the Federal Reserve was cutting rates.In his discussion with Grace Remington and Sean Hagan, Bianco also mentioned that the Federal Reserve's decision on October 28 (one week before the midterm elections) is more significant than Wall Street expects. He refuted the "devaluation trade" narrative and discussed what Bitcoin needs to demonstrate, including development activity and the DeFi summer. He believes that the construction of Bitcoin ETFs has missed the point and stated that Tether has effectively become a circulating currency in Venezuela and Afghanistan.Additionally, Bianco talked about stablecoins and the GENIUS Act, real demand for government bonds, and the post-pandemic economy, while criticizing Federal Reserve Chairman Powell. He noted the existence of multiple wars and "safe haven" logic and referenced the "Fourth Turning" theory to analyze the current macro cycle.

According to a Reuters report, the European Central Bank and the central banks of EU member states expressed opposition to the requirement that major stablecoin issuers hold at least 60% of their reserve assets in the form of bank deposits during the consultation on the regulatory framework for crypto assets, MiCA. The reason is that this could expose banks to fluctuations in the stablecoin market and undermine the stability of deposits.The central bank system suggested changing the regulation to require that a certain proportion of reserve assets must be short-term assets maturing within 1 to 5 working days. At the same time, the central bank pointed out that despite MiCA being in effect, non-compliant crypto companies can still reach EU customers, and regulatory enforcement faces "significant challenges," posing risks to investor protection.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $53,963.34 in a single buy for the "Federal Reserve October Decision" event, targeting "no change." Based on the current transaction price, the latest corresponding winning probability for this subject is 46.63%.

Federal Reserve's Goolsbee stated that if inflation does not fall back to the 2% target level, interest rates will need to be raised.He is open to the possibility of inflation starting to decline and is willing to accept that the current inflation issue stems from supply shocks that are about to fade, but he hopes to see evidence that this shock is indeed fading.

According to the Financial Times, the Federal Reserve and the Bank of England are strengthening their scrutiny of banks and trading companies' risk exposures.

The U.S. House Financial Services Committee passed the amended H.R. 8957, the U.S. Reserve Modernization Act, with a vote of 28 to 21, aiming to incorporate the U.S. strategic Bitcoin reserve and digital asset reserve program into federal law. The bill proposes that Bitcoin legally held by the federal government and without other statutory purposes must be held for at least 20 years from the effective date of the bill, during which it cannot be sold, exchanged, auctioned, pledged, or disposed of in any other way.The bill still needs to be passed by the House, the Senate, and signed by Trump. The bill also requires the Treasury Department to establish relevant reserves within 180 days of its enactment and to publish an annual reserve certification report covering holdings, transactions, and private key control. The Treasury Department and the Department of Commerce will study legal and budget-neutral ways to increase Bitcoin holdings, but this provision does not authorize direct purchases.