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24-Hour Hot Coins and News | The probability of a 25 basis point Fed rate cut in October is 97.3%; US lawmakers: Congress must pass crypto legislation by January/February of next year, otherwise electoral politics will hinder the legislative process (October 28)
叮当
Odaily资深作者
@XiaMiPP
2025-10-28 01:29
This article is about 4624 words, reading the full article takes about 7 minutes
The BNB Foundation completed its 33rd quarterly BNB destruction, destroying $1.208 billion worth of BNB; Tether and Circle have minted $8.5 billion worth of stablecoins since the "10.11 crash".

1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

  • BTC: -0.64%
  • ETH: -1.18%
  • SOL: -1.68%
  • BNB: -0.06%
  • DOGE: -2.98%
  • Trump: +12.12%
  • XRP: -0.15%
  • FF: -12.05%
  • ENSO: -10.9%
  • LTC: -0..11%

24-hour price increase list (data source: OKX):

  • OL: +35.19%
  • YB: +21.55%
  • HBAR: +7.74%
  • Trump: +5.47%
  • PUMP: +3.85%
  • LEO: +3.71%
  • SKL: +3.45%
  • WLFI: +3.18%
  • AR: +2.86%
  • BIO: +2.31%

24-hour cryptocurrency stock price increase list (data source: msx.com ):

  • QNTM: +93.24%
  • QCOM: +11.61%
  • SOXL: +9.04%
  • XPEV: +7.03%
  • ALTS: +6.45%
  • IONQ: +6.1%
  • BIDU: +5.42%
  • RGTI: +5.33%
  • BMNR: +5.28%
  • TSLA: +5.22%

2. Top 5 popular memes on the chain (data source: GMGN ):

  • FUN
  • UP
  • TRUMP
  • PAYAI
  • X402

Headlines

The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 97.3%.

According to CME's "Fed Watch" data, the probability of the Federal Reserve keeping interest rates unchanged in October is 2.7%, and the probability of a 25 basis point rate cut is 97.3%.

US lawmakers: Congress must pass encryption legislation by January/February next year, otherwise electoral politics will hinder the legislative process

According to Cointelegraph, U.S. Republican Senator Thom Tillis warned that Congress must pass cryptocurrency legislation by January or February next year, otherwise electoral politics will hinder the legislative process.

U.S. House of Representatives will introduce legislation to ban the president, his family, members of Congress and all elected officials from trading cryptocurrencies or stocks

U.S. Representative Ro Khanna will introduce legislation that would ban the president, his family, members of Congress, and all elected officials from trading cryptocurrencies or stocks.

Technology giant IBM launches digital asset operations platform IBM Digital Asset Haven

Technology giant IBM announced the launch of IBM Digital Asset Haven, a digital asset operations platform. It is reportedly a comprehensive platform for financial institutions, governments and enterprises to securely manage and expand their digital asset operations, allowing banks and administrative agencies to manage their digital asset lifecycles, including custody and settlement, through a single solution.

Industry News

The BNB Foundation completed its 33rd quarterly BNB burn, destroying $1.208 billion worth of BNB.

The BNB Foundation announced that BNB Chain has successfully completed its 33rd quarterly BNB token burn. Key statistics from this burn are as follows:

Total automatic destruction: 1,441,281.413 BNB;

Approximate value at the time of destruction: approximately US$1.208 billion;

Total remaining supply: 137,738,379.26 BNB.

Citigroup and Coinbase partner to offer stablecoin payment services

Citigroup and Coinbase have partnered to explore two-way conversion and cross-border settlement between crypto assets and fiat currencies for their institutional clients, and plan to advance on-chain stablecoin payment solutions in the coming months. Citigroup cited client demands focused on "programmability, conditional payments, 24/7 speed, and cost efficiency." Coinbase stated that it provides infrastructure to over 250 financial institutions globally, with services covering spot and derivatives trading, custody, staking, and payments. Citigroup has previously launched a blockchain-based tokenized deposit platform. The stablecoin market is expected to exceed $1 trillion within five years.

Tether and Circle have minted $8.5 billion worth of stablecoins since the October 11 crash

According to Lookonchain monitoring, with Circle minting 750 million new USDC in the past hour, Tether and Circle have minted $8.5 billion worth of stablecoins since the "10.11 crash".

Nasdaq-listed Reliance Global adds SOL to its crypto treasury reserves

Reliance Global Group, a Nasdaq-listed company, today announced the completion of a strategic acquisition of SOL, the native token of the Solana blockchain. This move marks a significant milestone in the company's digital asset reserve program, expanding its exposure to one of the world's fastest, most scalable, and most cost-effective blockchain networks. This acquisition of Solana builds on the company's previous investments in Bitcoin, Ethereum, Cardano, and Ripple, furthering its strategy of building a diversified digital asset portfolio that is aligned with the core principles of innovation, resilience, and sustained shareholder value growth.

Tokenized securities market platform tZero is preparing for an IPO in 2026

tZero Group Inc., which operates a securities marketplace tied to digital tokens, plans an IPO in 2026, said its CEO, Alan Konevsky. The company, whose investors include Intercontinental Exchange (ICE), has been in talks with bankers about an IPO but hasn't yet selected one. He said the company is also exploring pre-IPO financing. The company, which has more than 50 employees, is not yet profitable.

The “100% Win Rate Whale” added 41.68 BTC to its long position, currently holding 2083.84 BTC.

According to on-chain analyst Ai Yi, the "100% Win Rate Whale" has increased its holdings by 41.68 BTC, worth approximately $4.77 million, and has canceled all pending orders. Currently, it holds:

BTC long position: 2,083.84 BTC, worth $237 million, opening price $111,897.3;

ETH long position: holding 47,548.42 ETH, worth US$196 million, opening price US$3,965.94.

Project News

Momentum MMT community new subscription amount has exceeded 10 times

Momentum's new subscription in the MMT community on the Buildpad platform is ongoing, and the cumulative contribution amount has exceeded US$45 million, more than 10 times the original amount.

This round of new issuance is open to Momentum LP users and early supporters of Wagmi1 & Wagmi2, and supports participation of multiple assets such as BNB, SUI, USD1, etc.

Official reminder: The subscription window is only open for 24 hours. The oversubscribed portion will be refunded after the settlement period. Participation eligibility is subject to verification.

MegaETH public sale has raised $405 million so far, with an oversubscription of 8.1 times

According to official data, the MegaETH public sale has currently raised $405 million (bid demand, the actual upper limit is $50 million), with an oversubscription of 8.1 times. The public sale will end in 2 days and 12 hours.

GMGN responds to theft rumors: Platform is secure, user funds intact

GMGN announced on the X platform that in response to recent false rumors that the platform had been hacked and resulted in user funds being lost, the team has immediately launched a comprehensive security audit, confirming that the platform has no security issues and that user funds are completely safe. GMGN emphasizes that user safety is always its top priority and provides inquiries through official customer service channels.

Investment and Financing

Prenetics Raises $46.8 Million to Support Bitcoin Treasury Strategy, with Kraken and Others Joining

Prenetics, a health science company backed by David Beckham, announced that it has raised $46.8 million in an oversubscribed equity financing round, with participation from Kraken, Exodus (EXOD), GPTX and American Ventures. The new funds will be used to advance its Bitcoin treasury strategy.

Gate Ventures Announces Strategic Acquisition of Perp Dex ADEN

Gate Ventures, the venture capital arm of Gate, announced today the completion of its strategic acquisition of ADEN, a decentralized cryptocurrency perpetual swap exchange (Perp DEX). According to CoinMarketCap, the platform ranks third among global decentralized perpetual swap exchanges, with monthly trading volume exceeding $20 billion and over 200,000 users worldwide. This acquisition is a key strategic move by Gate to expand its presence in the decentralized derivatives market. Following the integration, ADEN will migrate to Gate Layer, Gate's proprietary high-performance Layer 2 network, with an expected official launch date of November 3rd.

Kite AI, an AI payment blockchain, receives strategic investment from Coinbase Ventures

Kite AI, an AI payment public blockchain project, announced a strategic investment from Coinbase Ventures. This funding follows Kite's recent $33 million round led by PayPal Ventures and General Catalyst. The new capital will support the development of its proprietary AI-powered payment infrastructure and accelerate the mass adoption of the x402 protocol in collaboration with Coinbase. Kite has reportedly achieved native integration with Coinbase's x402 agent payment standard, enabling AI agents to directly initiate, receive, and reconcile payments through standardized intent authorization.

Regulatory trends

Hong Kong Securities and Futures Commission launches tender for virtual asset trading monitoring system

According to the Hong Kong Economic Journal, the Hong Kong Securities and Futures Commission has launched a tender for a virtual asset transaction monitoring system, aiming to continuously upgrade its regulatory capabilities. The deadline for bids is reportedly November 7, 2025, and the winning bidder is expected to be determined in the first half of 2026 to strengthen the detection of abnormal movements in virtual asset transactions.

Central Bank Governor Pan Gongsheng: The digital RMB management system will be further optimized

Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that the digital RMB is a legal tender digital currency issued and regulated by the People's Bank of China, compatible with emerging technologies such as distributed ledgers. After years of steady progress, the digital RMB ecosystem has been initially established. Moving forward, the People's Bank of China will further optimize the digital RMB management system, research and refine its positioning within the monetary hierarchy, and support more commercial banks in operating digital RMB businesses.

Character Voice

Institution: The Fed's combination of interest rate cuts and balance sheet reduction may boost market risk appetite

The Federal Reserve's policy committee is likely to take two decisively dovish actions on Wednesday: a 25 basis point rate cut and signals of further easing, while also announcing the end of its balance sheet reduction program (a move that could put downward pressure on Treasury yields). Derek Tang, an analyst at Fedwatch's LHMeyer, noted: "The dual actions of a rate cut (coupled with expectations of further easing) and an early halt to the balance sheet reduction program will significantly support market risk appetite." He added that while the end of the balance sheet reduction this week remains uncertain, the recent tightening of financing markets has significantly increased the likelihood of such a decision.

Standard Chartered: If things go well this week, BTC may not fall below $100,000 again

Standard Chartered Bank stated that "if this week goes well," Bitcoin may not fall below $100,000 again. Analyst Geoffrey Kendrick noted that the Bitcoin-to-gold ratio has rebounded to slightly higher levels than before October 10th. This ratio compares Bitcoin's market capitalization to that of gold and rises as Bitcoin's market capitalization grows. Another key signal of renewed market strength is the inflow of new funds into spot Bitcoin ETFs. If even half of this amount flows back into Bitcoin ETFs from Monday to Wednesday this week, it would be a strong signal of recovering market sentiment.

Bitfinex Report: Crypto Market Optimism is Gradually Recovering, but Achieving a Major Breakthrough May Be Difficult

Bitfinex Alpha's latest report pointed out that the weakening CPI data and the easing of the trade situation helped BTC maintain the $113,600 range. The current optimism in the crypto market is gradually recovering. Since the record $19 billion liquidation on October 10, market volatility has also cooled significantly. The total amount of BTC options open interest has shrunk by about $7 billion to $31 billion, the largest single-week drop since June. The realized volatility continued to decline, with a 30-day volatility of 44.1% and a 10-day volatility of 27.9%, indicating that traders expect the market to continue to consolidate and it may be difficult to achieve a major breakthrough.

CME Group: Asia-Pacific institutional investors have strong hedging demand and are turning to virtual currency investments

Tim McCourt, senior managing director of CME Group, said in a recent interview that the amount of open interest in CME's virtual currency instruments has reached nearly US$40 billion, and there is strong demand from the investment market in the Asia-Pacific region. The US interest rate cut will trigger the need for non-US dollar funds to seek hedging. For example, many institutional investors in Singapore have begun to shift their investments to virtual currencies.

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