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U.S. President Trump has approved the demolition of the White House East Wing to build a large banquet hall funded by private donors, including Trump himself and several companies from the technology, defense, and crypto industries. This move has sparked controversy and criticism for allegedly using power to raise funds. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The Federal Reserve has cut interest rates by another 25 basis points and announced the end of quantitative tightening in December. During the press conference, Powell emphasized the necessity of "slowing the pace of rate cuts," prompting the market to quickly adjust its expectations and causing risk assets to decline across the board.
- 02:41Overview of Major Overnight Developments on October 3021:00-7:00 Keywords: Consensys, rate cut, Zhao Changpeng, Mastercard 1. The Federal Reserve announced the end of quantitative tightening; 2. The Federal Reserve cut interest rates by 25 basis points as expected; 3. Powell: A rate cut in December is "far from" a foregone conclusion; 4. The probability of a 25 basis point rate cut by the Federal Reserve in December is 67.8%; 5. YZi Labs report: Zhao Changpeng personally holds less than 1% of the BNB supply; 6. Consensys plans to go public in the US, hiring JPMorgan and Goldman Sachs as lead underwriters; 7. "Federal Reserve mouthpiece": The lack of key data at the Fed's October meeting prompted committee members to change their stance; 8. Mastercard plans to spend up to $2 billion to acquire crypto infrastructure startup Zerohash.
- 02:39Bitcoin and Ethereum options with a notional value exceeding $17 billion will expire on Friday.According to Jinse Finance, on October 31 (Friday), crypto derivatives exchange Deribit will see bitcoin and ethereum options contracts worth over $17 billion expire. Among them, bitcoin options contracts include 72,716 call options and 54,945 put options, with a total value of $14.4 billion, set to expire on Friday; on the same day, the value of expiring ethereum (ETH) options contracts is $2.6 billion. As the number of call options far exceeds put options, traders are generally betting that the price of bitcoin will rise before expiration. It is worth noting that the "max pain price" for bitcoin options is $114,000—at this price level, most options contracts will become worthless. This price is significant because market makers can use hedging operations to move the bitcoin price toward this level, especially as the expiration date approaches.
- 02:35Early major depositors of Stable are selling deposit certificates through self-built pools, currently at a 12% premium.According to ChainCatcher, data from Dex Screener shows that a major depositor of Stable's first phase has created a liquidity pool for the deposit certificate token ctStableUSDT (contract address: 0x6503de9FE77d256d9d823f2D335Ce83EcE9E153f) and USDT on Uniswap. The current liquidity is approximately $16.5 million, and the deposit certificate token ctStableUSDT is temporarily priced at 1.12 USDT, representing a 12% premium.