24H Hot Cryptocurrencies and News | The probability of the Federal Reserve lowering interest rates by 25 basis points in October is 97.3%; U.S. lawmakers: Congress must pass cryptocurrency legislation before January/February next year, or election politics will hinder the legislative process (October 28)

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5 hours ago

  1. Popular CEX Cryptocurrencies

Top 10 CEX Trading Volume and 24-Hour Price Change:

  • 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 Ranking (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 Ranking (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%
  1. On-Chain Popular Meme Top 5 (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 "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in October is 2.7%, while the probability of a 25 basis point cut is 97.3%.

U.S. Congressman: Congress must pass cryptocurrency legislation before January/February next year, or election politics will hinder the legislative process

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

U.S. Congressman to propose legislation: prohibit the President and their family, Congress members, and all elected officials from trading cryptocurrencies or stocks

U.S. Congressman Ro Khanna will propose legislation to prohibit the President and their family, Congress members, and all elected officials from trading cryptocurrencies or stocks.

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

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

Industry News

BNB Foundation completes the 33rd quarterly BNB burn, destroying BNB worth $1.208 billion

The BNB Foundation announced that BNB Chain has successfully completed the 33rd quarterly BNB token burn. Here are the key data from this burn:

Total amount automatically burned: 1,441,281.413 BNB;

Approximate value at the time of burn: about $1.208 billion;

Remaining total supply: 137,738,379.26 BNB.

Citi Bank partners with Coinbase to provide stablecoin payment services

Citi Bank has partnered with Coinbase to explore providing bidirectional conversion of crypto assets and fiat currency for its institutional clients, and plans to advance on-chain stablecoin payment solutions in the coming months. Citi stated that customer demand focuses on "programmability, conditional payments, 24/7 speed, and cost efficiency"; Coinbase indicated that it provides infrastructure for over 250 financial institutions globally, covering spot and derivatives trading, custody, staking, and payments. Previously, Citi launched a blockchain-based tokenized deposit platform. The stablecoin market is expected to exceed $1 trillion in scale within five years.

Tether and Circle have minted stablecoins worth $8.5 billion since the "10.11 crash"

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

Nasdaq-listed Reliance Global includes SOL in its crypto treasury reserves

Nasdaq-listed Reliance Global Group announced today that it has completed a strategic acquisition of the native token SOL of the Solana blockchain. This move is an important milestone in the company's digital asset reserve plan, expanding its asset allocation to one of the fastest, most scalable, and cost-effective blockchain networks globally. This increase in Solana holdings continues the company's earlier purchases of Bitcoin, Ethereum, Cardano, and Ripple, further implementing its strategy of building a diversified digital asset portfolio, which always adheres to the core principles of innovation, risk resistance, and continuous growth of shareholder value.

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

tZero Group Inc. operates a securities market linked to digital tokens, and its CEO Alan Konevsky stated that the company plans to go public in 2026. The company's investors include the Intercontinental Exchange (ICE). Konevsky said the company has been in talks with bankers regarding the IPO but has not yet selected a partner. He also mentioned that the company is exploring pre-IPO financing simultaneously. The company, which has over 50 employees, has not yet turned a profit.

"100% win rate whale" adds 41.68 BTC, currently holding 2083.84 BTC long position

According to on-chain analyst Ai Yi's monitoring, the "100% win rate whale" added 41.68 BTC, approximately $4.77 million, and has canceled all pending orders. Currently holding:

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

ETH long position: 47,548.42 ETH, valued at $196 million, opening price $3,965.94.

Project News

Momentum MMT community fundraising has exceeded 10 times the target

Momentum's MMT community fundraising on the Buidlpad platform is ongoing, with the total contribution amount exceeding $45 million, more than 10 times the original quota.

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

Official reminder: The subscription window is only open for 24 hours, and the excess amount will be refunded after the settlement period, with participation eligibility subject to verification.

MegaETH public sale has currently raised $405 million, oversubscribed by 8.1 times

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

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

GMGN posted on platform X stating that in response to recent false rumors about the platform being hacked and resulting in user fund losses, the team has immediately conducted a comprehensive security audit and confirmed that there are no security issues on the platform, and user funds are completely safe. GMGN emphasizes that it always prioritizes user safety and states that any inquiries can be directed to official customer service channels.

Investment and Financing

Prenetics raises $46.8 million to support Bitcoin treasury strategy, with participation from Kraken and others

Health science company Prenetics, supported by David Beckham, announced it raised $46.8 million in an oversubscribed equity financing, 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's venture capital arm, Gate Ventures, announced today that it has completed a strategic acquisition of the decentralized cryptocurrency perpetual contract exchange (Perp DEX) "ADEN." According to CoinMarketCap data, the platform ranks third among decentralized perpetual contract exchanges globally, with a monthly trading volume exceeding $20 billion and over 200,000 cumulative users worldwide. This acquisition is one of Gate's important strategic moves to expand into the decentralized derivatives market. After integration, ADEN will migrate to Gate's self-developed high-performance Layer 2 network, Gate Layer, and is expected to officially launch on November 3.

AI Payment Public Chain Kite AI Receives Strategic Investment from Coinbase Ventures

The AI payment public chain project Kite AI announced that it has received strategic investment from Coinbase Ventures. According to official information, this financing is a continuation of Kite's recent $33 million funding round led by PayPal Ventures and General Catalyst. The new funds will be used to support the development of its autonomous AI agent payment infrastructure and to collaborate with Coinbase to accelerate the large-scale adoption of the x402 protocol. It is reported that Kite has achieved native integration of Coinbase's x402 agent payment standard, enabling AI agents to initiate, receive, and reconcile payments directly 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 trading monitoring system aimed at continuously upgrading regulatory capabilities. The deadline for submissions is November 7, 2025, with the winning institution expected to be determined in the first half of 2026 to enhance the detection of anomalies in virtual asset trading.

Central Bank Governor Pan Gongsheng: Will Further Optimize the Digital Renminbi Management System

Pan Gongsheng, Governor of the People's Bank of China, stated today at the 2025 Financial Street Forum that the digital renminbi is a legal digital currency issued and regulated by the People's Bank, compatible with emerging technologies such as distributed ledgers. After steady progress in recent years, the digital renminbi ecosystem has been initially established. The next step is for the People's Bank to further optimize the digital renminbi management system, study the positioning of the digital renminbi at the monetary level, and support more commercial banks to become operational institutions for digital renminbi business.

Voices from the Industry

Institution: Fed Rate Cuts and Balance Sheet Reduction May Boost Market Risk Appetite

The Federal Reserve's policy committee may take two decisive dovish actions on Wednesday: implementing a 25 basis point rate cut and signaling further easing while announcing the end of the balance sheet reduction plan (which may put downward pressure on Treasury yields). LHMeyer analyst Derek Tang pointed out: "The dual action of rate cuts (combined with subsequent easing expectations) and the early cessation of balance sheet reduction will significantly support market risk appetite." He added that while there is still uncertainty about whether to end the balance sheet reduction this week, the recent tightening in the financing market has significantly increased the likelihood of this decision.

Standard Chartered: If Progress is Smooth This Week, BTC May Not Fall Below $100,000 Again

Standard Chartered stated that "if progress is smooth this week," Bitcoin may not fall below $100,000 again. Analyst Geoffrey Kendrick noted that the Bitcoin-gold ratio has rebounded to slightly above levels before October 10, which compares Bitcoin's market value to that of gold and rises as Bitcoin's market value increases. Another key signal of the market strengthening again is that the spot Bitcoin ETF will see new inflows. If even half of the funds flow back into the Bitcoin ETF from Monday to Wednesday this week, it will be a strong signal of market sentiment warming.

Bitfinex Report: Optimism in the Crypto Market is Gradually Recovering, but Significant Breakthroughs May Be Difficult

Bitfinex Alpha's latest report indicates that soft CPI data and easing trade tensions have helped BTC maintain in the $113,600 range. Currently, optimism in the crypto market is gradually recovering, and since the record $19 billion liquidation on October 10, market volatility has significantly cooled. The total open interest in BTC options has decreased by about $7 billion to $31 billion, marking the largest weekly decline since June. Actual volatility continues to decline, with a 30-day volatility of 44.1% and a 10-day volatility of 27.9%, indicating that traders expect the market may continue to consolidate, making significant breakthroughs difficult.

CME Group: Strong Hedging Demand from APAC Institutional Investors Shifts Towards Virtual Currency Investment

Tim McCourt, Senior Managing Director at CME Group, stated in a recent interview that the open interest in CME's virtual currency tools has approached $40 billion, with strong investment demand from the Asia-Pacific region. A reduction in U.S. interest rates will trigger a need for funds from non-U.S. sources to seek hedging, as many institutional investors in Singapore have begun to shift their investments towards virtual currencies.

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