1. Goldman Sachs analysts expect the Federal Reserve to implement more interest rate cuts before the end of the year to provide more attractive investment options.
2. Vice President Kamala Harris supports a cryptocurrency regulatory framework to enhance investment certainty.
U.S. Vice President Kamala Harris has stepped up her campaign to appeal to black male voters, proposing a series of economic security plans. She promised to provide fully forgivable loans to black entrepreneurs and groups facing financing barriers, and plans to issue 1 million loans of up to $20,000. In addition, Harris also stated that she would support the regulatory framework for cryptocurrencies to provide investment certainty for the 20% of black Americans who hold or have held digital assets. At the same time, Harris plans to promote the legalization of recreational marijuana and ensure that black men can create businesses and get jobs in the fast-growing marijuana industry. She also proposed to increase apprenticeships and employment opportunities, and invest in medical programs that primarily serve black communities. -Original text
3. The president of CoinW said that centralized exchanges are still the key to attracting new users in the crypto industry.
On the afternoon of October 14th, local time, at the Future Blockchain Summit held in Dubai, Sonia Shaw, President of CoinW, hosted a Fireside Chat with the theme of From Niche to Norm: The Next Mainstream Adoption of Web3. In her speech, Sonia mentioned that although decentralized finance is the ultimate goal pursued by everyone, at present, centralized exchanges are still the main force in attracting new users. In the long run, decentralized finance is an inevitable choice for the future, but the current industry still needs regulators to explore with centralized exchanges to cope with challenges on the road and pave the way for the popularization and innovation of blockchain technology. CoinW will also take this as its mission to continue to deliver fresh blood to the industry in a compliant, safe and reliable manner. -Original text
4. The US Bitcoin and Ethereum ETFs achieved net inflows of 3,892 BTC and 660 ETH respectively.
On October 14, the US Bitcoin ETF had a net inflow of 3,892 BTC, and the Ethereum ETF had a net inflow of 660 ETH.
5. OKX Ventures announced its investment in the Bitcoin staking platform Solv Protocol to promote innovative staking solutions.
According to official news, OKX Ventures announced its investment in the Bitcoin staking platform Solv Protocol. Solv protocol will accelerate product development and expand its innovative staking abstraction layer (SAL) ecosystem, focusing on creating cutting-edge Bitcoin staking solutions, enhancing the role of Bitcoin beyond value storage, and deepening into decentralized finance (DeFi) and other application areas. As a leading Bitcoin staking platform, Solv Protocol provides a comprehensive solution through its staking abstraction layer (SAL), aiming to simplify and standardize Bitcoin staking in various blockchain ecosystems. SAL allows the creation of diversified Bitcoin staking assets, providing users with opportunities for staking, re-staking and DeFi strategies. To date, Solv has launched Babylon LST (SolvBTC.BBN), CoreDAO LST (SolvBTC.Core) and Ethena LST (SolvBTC.ENA). -Original text
6. Blockchain concept stocks in the U.S. stock market continued to rise, with MARA and other companies increasing by more than 10%.
7. Bitfinex reported that Bitcoin selling pressure has eased and market sentiment has become optimistic.
Bitfinex Alpha pointed out that Bitcoin fell sharply last week, driven by a massive spot sell-off, falling more than 11% from a high of $66,587 at the end of September to a low of $58,943 on October 10. However, the selling pressure has eased and BTC has rebounded quickly. On-chain indicators highlight the importance of the actual price of Bitcoin short-term holders (currently close to $63,000) as a key resistance level. A breakout of this level could herald further bullish momentum, while a failure to break through this level could lead to a retest of lower support levels, possibly close to $59,000 or even $55,000. However, the market remains passive, and future trends may depend on whether Bitcoin can decisively surpass the realized price of short-term holders. Until then, traders should expect potential pullbacks, but also be prepared for stronger rebounds from lower levels because the market is potentially resilient. -Original text
8. Deutsche Bank will provide foreign exchange services to cryptocurrency market maker Keyrock to optimize trading operations.
Deutsche Bank will provide Keyrock with multi-currency accounts and foreign exchange services, enabling the digital asset company to optimize and expand its market making and over-the-counter trading services. By consolidating services into a single entity, Keyrock can reduce its counterparty and settlement risks.
9. Traders have cut expectations of another big rate cut by the Federal Reserve before June next year to zero.
After the Fed cut rates by 50 basis points in September, the probability that the Fed will cut rates by another 175 basis points or more by June of next year surged to 77%. Traders now see the odds that the Fed will cut rates again significantly in the interim back to zero. The Fed's forecasts have been terrible in the past. Skeptics, including (Wall Street Journal) columnist James Mackintosh, point to wide disagreement among Fed policymakers about where rates will ultimately stay. -Original
10. Coinbase will add support for Degen on the Base network and expand trading services.
11. PancakeSwap destroyed approximately 8.8899 million CAKEs to strengthen the token economic model.
PancakeSwap announced that it had just destroyed 8,889,897 CAKE worth about $16 million. The specific fee distribution is: AMM V2 transaction fees 173,000 CAKE (about $314,000, down 3%), AMM V3 transaction fees 82,000 CAKE (about $149,000, down 42%), non-AMM transaction fees (such as perpetual contracts, position management, etc.) 8,328 CAKE (about $15,100), prediction market 57,000 CAKE (about $103,000, down 2%), lottery 27,000 CAKE (about $50,000, down 6%), NFT market 900 CAKE (about $1,700, up 715%). -Original text
12. MicroStrategy rose about 6.5% in pre-market trading, leading the upward trend in the cryptocurrency sector.
13. Tether plans to explore providing loans to commodity trading companies to expand its business scope.
According to market news, stablecoin issuer Tether plans to explore providing loans to commodity trading companies.
14. Senator Hagerty’s draft stablecoin bill may affect relevant legislation in 2025.
TD Cowen said in a report on Monday that Senator Bill Hagerty's bill could serve as an outline for stablecoin regulation in 2025. Last week, Hagerty released a legislative discussion draft aimed at establishing a regulatory framework for stablecoins.
The above is a selection of hot topics in the past 24 hours. For faster news, please download AICoin (aicoin.com)
