1. Federal Reserve's October Rate Cut Probability Approaches 98%
According to the CME FedWatch Tool, the probability of the Federal Reserve cutting rates by 25 basis points at the October meeting is 96.7%, while the likelihood of maintaining the current rate level is only 3.3%. Additionally, the market expects a cumulative rate cut of 50 basis points by December with a probability of 94.8%. This data reflects the market's high expectations for further easing of the Federal Reserve's monetary policy. -Original
2. Trump Nominates CFTC Chair, Aims for the U.S. to be a Global Crypto Hub
Michael Selig, the nominee for the chair of the Commodity Futures Trading Commission (CFTC) by President Trump, stated that the goal of the United States is to become the global center for cryptocurrency. -Original
3. U.S. Senator Encourages Public to Save Bitcoin for Retirement
U.S. Senator Cynthia Lummis expressed her encouragement for the public to use Bitcoin as a savings tool for future and retirement plans. She has long supported Bitcoin as an investment option. -Original
4. Sharplink Gaming Increases Holdings by 19,271 ETH, Showcasing Crypto Asset Strategy
Sharplink Gaming has added 19,271 ETH to its strategic Ethereum (ETH) reserves, totaling approximately $80.37 million. This move was confirmed by Onchain Lens data monitoring, further highlighting the company's ongoing investment in cryptocurrency assets. -Original
5. Bitcoin Options Open Interest Hits New High of $6.3 Billion
Bitcoin options open interest has reached a record $6.3 billion, indicating strong bullish sentiment in the market, with investors targeting price levels above $120,000. -Original
6. Kyrgyzstan Launches BNB Chain-Based Stablecoin and Plans to Develop CBDC
Kyrgyzstan has announced the launch of a stablecoin on the BNB Chain and plans to develop a central bank digital currency (CBDC) and crypto reserves to promote the development of the domestic digital economy. -Original
7. Bitcoin ETFs and Exchanges Hold 1.69 Million BTC, Institutions Continue to Increase Holdings
According to Bitcoin Treasuries data, ETFs and exchanges currently hold a total of 1.69 million Bitcoins, showing sustained interest from institutional investors in Bitcoin. -Original
8. Solana Co-Founder Questions the Claim of "Layer 2 Inheriting Ethereum's Security"
Solana co-founder Anatoly published on the X platform stating that the claim of "Layer 2 inheriting Ethereum's security" is unfounded. He pointed out that during the advancement of Layer 2 network roadmaps over the past five years, Ethereum circulating through Wormhole and Ethereum on the Base network face the same extreme risks. Additionally, the returns brought to Ethereum Layer 1 validators by these networks are at the same level. He believes that from any analytical perspective, the viewpoint of "Layer 2 inheriting Ethereum's security" is invalid. -Original
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