Atlanta Federal Reserve President Raphael Bostic hinted that while he supports the two recent rate cuts, he has not yet decided whether to agree to another rate cut next month. Speaking at an event in Seattle on Friday, Bostic said, "I was comfortable with the first two rate cuts, and as for the next one, we'll have to wait and see. I want to judge what policy is most appropriate based on the data." Fed officials are currently deeply divided on whether to continue cutting rates next month. The Fed has cut rates by a total of 50 basis points this year. According to futures market pricing, investors currently see a slightly less than 50% probability of another 25 basis point rate cut at the December 9-10 meeting. Bostic pointed out that the current situation is challenging because "we are not moving in the right direction on either side of our dual mandate (i.e., employment and inflation)." He stated earlier this week that inflation remains a "more definite and more pressing risk" to the economy.

Odaily Planet Daily reports that Coinbase CEO Brian Armstrong posted on the X platform, "Coinbase Business accounts have launched in Singapore. In just a few days, more than 100 companies and family offices have registered (some clients are still on the waiting list, and we are processing them as quickly as possible)."

Odaily reports that Mizuho Securities maintained its "underperform" rating on Circle stock, with analysts lowering their base price target from $84 to $70. Circle stock (ticker symbol CRCL) traded at around $82 on Friday, down nearly 40% over the past month.

"We believe the company's valuation fails to adequately reflect the key risks to its medium-term earnings," Mizuho Securities analysts stated in a research report. The analysts also noted potential risks including "an upcoming interest rate cuts, relatively stagnant economic growth, high (and rising) circulation costs, and increasingly fierce competition among stablecoins."

Odaily Planet Daily reports that Tether, the issuer of stablecoins, is considering leading a $1.16 billion funding round for German tech startup Neura Robotics and continues to explore new investment opportunities. According to sources familiar with the matter, initial talks have begun, and this funding round is expected to value Neura Robotics between $9.29 billion and $11.6 billion. Neura Robotics focuses on humanoid robot development, with its first product primarily targeting industrial clients and plans to gradually expand into the home robot market.

This stablecoin issuer generated over $10 billion in profits in the first three quarters of this year and is seeking to diversify its portfolio.

Odaily Planet Daily reports that the U.S. Bureau of Labor Statistics announced on Friday that it will release its highly anticipated September employment report next Thursday. The report was originally scheduled for release on October 3, but was postponed due to the 43-day government shutdown.

Odaily Planet Daily reports that Federal Reserve Bank of New York Governor Jennifer Logan reiterated on Friday that she would oppose a December rate cut by the Fed, following her opposition to a rate cut in October, citing concerns that inflation is too high and trending upwards, making it too long to reach the Fed's 2% target. "When I look ahead to the December meeting, I think it's difficult to support another rate cut unless we have compelling evidence that inflation is indeed falling faster than I expect, or we see the labor market not just gradually cooling," Logan said.

Odaily Planet Daily reports that Federal Reserve Governor Milan stated that recent economic data supports the case for a Fed rate cut. "Since the Fed's September policy meeting, I think all the data we've received points to a dovish stance," Milan said. "Inflation data is better than we expected," he said, adding that the labor market data has weakened. Regarding another rate cut, "all of this should make us more dovish, not the other way around."

According to an announcement released on Friday, BitMine (BMNR), an Ethereum treasury company, has appointed a new CEO and three independent directors.

Chi Tsang, who previously led venture capital fund m1720 and worked at HSBC for ten years, will succeed Jonathan Bates as CEO and join the board of directors. The company has also appointed Robert Sechan, Olivia Howe, and Jason Edgeworth as new board members.

Odaily Planet Daily reports that the U.S. Census Bureau, part of the Commerce Department, announced Friday that it will release August construction spending, factory orders, and international trade data next week. These data were delayed due to the federal government shutdown. The construction spending report will be released on Monday, followed by factory orders the following day. The trade balance will be released on Wednesday. All reports were originally scheduled for release in early October. The agency stated, "The U.S. Census Bureau will continue to coordinate with other agencies and the Office of Management and Budget to update the release schedule of economic indicators in response to the impact of the recent federal funding disruption. We will provide updates as soon as the new release dates are determined."

According to Odaily Planet Daily, Belarusian President Lukashenko supports cryptocurrency mining in Belarus, believing that cryptocurrencies could become an alternative to the US dollar.

According to Bank of America's latest global investor survey, investors' exposure to the US dollar has turned neutral for the first time since the beginning of the year, ending an eight-month period of bearish sentiment. "While this may partly reflect risk constraints ahead of year-end, the lack of US data may also have played a role," said the Bank of America team, including Adarsh Sinha. "Given that pricing in the December FOMC meeting has been fairly balanced, this could lead to increased market volatility as the data returns."

According to Odaily Planet Daily, after several key Federal Reserve officials hinted at expanding the balance sheet, Barclays strategists predict that the Fed will begin purchasing Treasury bills in February next year. Barclays strategist Samuel Earl wrote, "Given the market's focus on repurchase rates, the Fed is in risk management mode, and starting asset purchases earlier seems to be the most likely outcome."

Odaily reports that Multicoin Capital Liquid Fund has announced an investment in Ethena Protocol's native token, ENA.

Ethena Protocol is the issuer of the synthetic dollar stablecoin USDe. Multicoin states that Ethena aims to challenge the USDC and USDT stablecoin landscape with its synthetic dollar stablecoin.