1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

• BTC: -1.9%
• ETH: -1.54%
• SOL: +0.22%
• BNB: +1.42%
• DOGE: -0.54%
• LINK: +2.08%
• Trump: +15.9%
• XRP: -1.82%
• AVA: +12.21%
• ZEC: +12.4%

24-hour gainers list (data source: OKX):

• UXLINK: +18.43%
• YB: +10.18%
• MERL: +7.58%
• PUMP: +7.17%
• CVX: +7.01%
• LQTY: +6.94%
• RSR: +6.6%
• PRCL: +6.5%
• MET: +6.08%
• LINEA: +5.85%

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

• GOOGL: +9.62%
• OKLO: +8.46%
• RGTI: +6.02%
• IONQ: +5.97%
• PLTR: +5.01%
• SOXL: +4.49%
• AMAT: +3.89%
• AVGO: +3.65%
• RKLB: +3.48%
• NVDA: +3.31%

2. Top 5 trending on-chain memes (data source: GMGN ):

• NEO
• KITKAT
• Orb
• KURO
• TRUMP

Headlines

The Federal Reserve cut interest rates by 25 basis points as expected

The Federal Reserve cut its benchmark interest rate by 25 basis points to 3.75%-4.00%, marking its second consecutive rate cut at its meeting, in line with market expectations.

Xi Jinping will meet with US President Donald Trump

A spokesperson for the Ministry of Foreign Affairs announced that, as agreed by China and the United States, President Xi Jinping will meet with US President Donald Trump in Busan, South Korea on October 30 local time to exchange views on China-US relations and issues of common concern.

Federal Reserve Chairman Powell: More and more officials want to postpone rate cuts

Federal Reserve Chairman Jerome Powell stated that a growing number of Fed officials are prepared to postpone the upcoming rate cut. Powell said, "After the last two policy meetings where rates were cut, there was a sense that some officials wanted to take a wait-and-see approach. Now there is a growing consensus that perhaps we should at least wait one cycle."

The US government shutdown may see a turning point early next week.

After nearly a month of government shutdown, the situation appears to be finally beginning to change. Looming deadlines, coupled with external pressure, are adding new urgency to bipartisan dialogue that has been stalled for weeks. Senate Majority Leader John Thune and his Senate allies, House Speaker Mike Johnson and other House Republican leaders seem increasingly confident that a growing number of moderate Democrats are prepared to compromise on a temporary funding bill to mitigate the shutdown's impact, possibly as early as next week.

Industry News

OPENAI is preparing for its initial public offering (IPO), which could value the company at around $1 trillion.

OPENAI is preparing for its initial public offering (IPO), which could value the company at around $1 trillion.

Consensys plans to go public in the US, and has hired JPMorgan Chase and Goldman Sachs as lead underwriters.

Consensys, the developer of the MetaMask wallet and an Ethereum infrastructure company, plans to go public in the United States and has hired JPMorgan Chase and Goldman Sachs as lead underwriters for the IPO.

Meta's record revenue was significantly reduced by a one-time tax expense.

Meta Platforms (META.O) reported record third-quarter revenue on Wednesday, but the company warned of continued increases in future capital expenditures, causing its shares to fall by about 8% in after-hours trading. The company said third-quarter revenue was $51.2 billion, a 26% year-over-year increase; net income was $2.7 billion, far below analysts' expectations. The company attributed the sharp decline in net income to a one-time tax expense of $15.93 billion recognized in support of Trump's "Big Beauty Act." Meta expects fourth-quarter revenue to be between $56 billion and $59 billion, roughly in line with market expectations.

Swiss National Bank holds $213 million worth of Strategy shares.

Swiss National Bank disclosed that it holds $213 million worth of shares in Strategy, a Bitcoin treasury company, which reportedly manages $10.5 trillion in assets.

The "100% win rate whale" currently has a total position value of $275 million and a floating loss of $1.6 million.

According to Onchain Lens monitoring, the "100% win rate whale" has reopened long positions in BTC (13x leverage) and ETH (10x leverage), and added a position in SOL (10x leverage). The total value of all positions is currently $275 million, with a floating loss of $1.6 million. The whale still has an outstanding order to increase its ETH position.

Litecoin treasury company Lite Strategy announces $25 million stock buyback program

Nasdaq-listed Litecoin treasury company Litecoin Strategy announced that its board of directors has approved a $25 million share buyback program. The timing and number of shares to be repurchased will depend on market conditions. According to data disclosed on Litecoin's website, the company currently holds 929,548.46 LTC, with a market value of approximately $92,425,003. Litecoin founder Charlie Lee is a member of the company's board of directors.

Project News

The Trump family's crypto project, WLFI, has hired former Robinhood executive Mack McCain as its general counsel.

World Liberty Financial (WLFI), the Trump family's crypto project, announced on its X platform that Mack McCain has officially joined WLFI as General Counsel. McCain previously served at Robinhood as Chief Chief of Staff and Deputy General Counsel for Regulatory Affairs, leading legal strategy development for international brokerage, artificial intelligence, and consulting projects. He previously served as General Counsel at Arta Finance and as Senior Legal Leader at Charles Schwab and Scottrade, possessing over a decade of experience guiding financial institutions through complex regulatory environments.

Fidelity has submitted an updated version of its application for the Solana ETF S-1, setting the expense ratio at 0.25%.

According to SEC filings, Fidelity has submitted an updated version of its application for the Solana ETF S-1, with a disclosure fee of 0.25%.

YZi Labs: Total BNB supply is 100 million, CZ's personal holdings account for less than 1%.

YZi Labs released a report stating that the total supply of BNB, the native token of BNB Chain, is capped at 100 million, and more than 30% of the historical issuance has been burned. In the current holding structure, about 67% is held by the public, about 27% is used by the foundation for programmatic burning, and Binance founder CZ's personal holding accounts for less than 1%, making the overall distribution relatively decentralized.

Investment and Financing

Canton Network backers plan to raise $500 million to establish a listed entity to invest in Canton Coin.

According to Bloomberg, some of Canton Network's backers are in talks to raise approximately $500 million to establish a listed entity to invest in the bank's blockchain token, Canton Coin.

The entity also plans to run the network as a super validator and develop related applications. DRW Holdings and Liberty City Ventures will contribute the majority of the funding in the form of Canton Coin, with an additional $100 million to $200 million expected from external investors.

Mastercard plans to acquire crypto infrastructure startup Zerohash for up to $2 billion.

Mastercard is planning to acquire Chicago-based crypto and stablecoin infrastructure startup Zerohash for up to $2 billion. This acquisition would further expand Mastercard's crypto business into the stablecoin and tokenization infrastructure sector.

Accountable raises $7.5 million, led by Pantera Capital.

Crypto lending company Accountable announced the completion of a $7.5 million funding round, led by Pantera Capital, with participation from OKX Ventures, Onigiri Capital, and KPK. The new funds will be used to expand the team. Currently, the company has 18 employees, but CEO Wojtek Pawlowski hopes to expand several teams, including a business development team.

Stablecoin technology company Hercle completes $10 million equity funding round, led by F-Prime.

Stablecoin technology company Hercle announced the completion of a $10 million equity financing round, led by global venture capital firm F-Prime. Valuation information was not disclosed. The company uses stablecoin technology to improve the efficiency of global remittance transactions, and the new funds will be used to support its global expansion.

Bitcoin mining company TeraWulf will raise an additional $500 million by issuing convertible senior notes.

Nasdaq-listed Bitcoin mining company TeraWulf announced it will raise an additional $500 million through a convertible senior note offering, and has also offered initial purchasers an option to purchase up to $75 million in convertible bonds. The new funds will be used for the construction of data centers and general corporate purposes.

Regulatory Trends

Beijing releases "19 Measures for Mergers and Acquisitions": Accelerating the development of key industries such as blockchain and advanced computing.

Beijing has released the "Opinions on Supporting Mergers and Acquisitions to Promote High-Quality Development of Listed Companies." The Opinions encourage and guide more resources and factors of production to converge towards new types of productivity. It encourages listed companies to conduct mergers and acquisitions in strategic emerging industries and future industries, accelerating the development of key Beijing industries such as artificial intelligence, pharmaceuticals and healthcare, integrated circuits, intelligent connected vehicles, cultural industries, science and technology services, androids, new energy, synthetic biology, quantum information, blockchain and advanced computing, low-altitude technology, commercial aerospace, and 6G. The Opinions also aim to promote the upgrading of the service industry, advanced manufacturing, and agriculture, and build a modern industrial system for the capital.

Ironlight has been approved to operate an alternative trading system in the United States, supporting tokenized securities trading.

Ironlight Markets, a subsidiary of Ironlight Group, has received FINRA approval to operate a U.S.-regulated alternative trading system (ATS) for trading traditional and tokenized securities. Ironlight's ATS reportedly combines a centralized order book with atomic on-chain settlement, enabling real-time trading and clearing. Its system allows banks, brokers, and registered investment advisors to connect via FIX or API interfaces, bringing the efficiency of blockchain to regulated markets.

Hong Kong Monetary Authority Deputy Chief Executive: Digital Hong Kong Dollars and tokenized deposits tend to use private blockchains, while stablecoins are mostly issued on public blockchains.

In response to market rumors that the Hong Kong Monetary Authority (HKMA) is not pushing forward the retail application of digital Hong Kong dollars, HKMA Deputy Chief Executive Li Dazhi said: "We have not ruled out the retail application of stablecoins. We believe that there is a high chance of using stablecoins in retail, but the actual usage still depends on the decision of commercial institutions."

Li Dazhi added that digital Hong Kong dollars, stablecoins, and tokenized deposits are technically similar, only differing in their issuers. Digital Hong Kong dollars are "public currencies," while tokenized deposits and stablecoins are "private currencies." Digital Hong Kong dollars and tokenized deposits tend to use private blockchains, while stablecoins are mostly issued on public blockchains.

Character voices

Analysis: The Federal Reserve may ease monetary policy amid rising inflation.

Aureus Asset Management's analysis points out that the Federal Reserve may ease monetary policy amid rising inflation, with the market expecting a rate cut by the Fed at least until December. However, the risk of rising inflation remains significant. Despite all tariff negotiations, prices remain high, and there has been a greater focus on fixed income, finding its volatility can actually be reduced, rather than simply going long on stocks as in the past.

Michael Saylor: Bitcoin could reach $150,000 by the end of the year, with a target of $1 million in the next 4 to 8 years.

In an interview with CNBC, Strategy founder Michael Saylor gave his latest Bitcoin price prediction, predicting it will reach $150,000 by the end of the year and a target of $1 million in the next 4 to 8 years.

Matrixport: Bitcoin's dominance has now rebounded to 59.5%, showing a gradual upward trend.

Matrixport released a chart today stating that the latest "mini altcoin season" has cooled down somewhat, with market preference returning to Bitcoin. Bitcoin's dominance, which previously dipped to a low of approximately 56.8%, has now rebounded to 59.5%, showing a gradual upward trend. This increased BTC dominance in this market rally may be related to increased institutional participation and funds concentrating on assets with higher liquidity and clearer compliance.