Morning News | The probability of the Federal Reserve reducing interest rates by 25 basis points in

“100% winning rate!” has increased their position by 41.68 BTC. Currently, they hold 2083.84 BTC in long positions.

Market updates

Market trends yesterday

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

According to CME’s “Federal Reserve Watch” data, the probability of the Fed keeping interest rates unchanged in October is 2.7%, while the probability of a 25-basis-point rate cut is 97.3%.

● U.S. lawmakers urge Congress to pass crypto legislation by January/February next year; otherwise, election-related politics may hinder legislation.

According to Cointelegraph, Republican Senator Thom Tillis warned that Congress must pass crypto legislation by January or February next year, otherwise, election-related politics could impede legislation.

● Bitfinex reports: Optimism in the crypto market is gradually returning, but achieving significant breakthroughs may be difficult.

Bitfinex Alpha’s latest report indicates that weak CPI data and improved trade conditions have helped BTC remain stable around $113,600. Optimism in the crypto market has gradually increased since October 10th, when the market reached a record high of $19 billion. Volatility has also decreased significantly. The total number of open BTC options contracts has decreased by about $7 billion to $31 billion, marking the largest weekly decline since June. Real volatility continues to decline, with 30-day volatility at 44.1% and 10-day volatility at 27.9%. This suggests that traders expect the market to remain stable, and achieving significant breakthroughs may be difficult.

● The BNB Foundation completed its 33rd quarterly BNB destruction process, destroying a total of $1.208 billion in BNB.

The BNB Foundation announced that the BNB Chain has successfully completed the 33rd quarterly BNB token destruction process. Here are the key details regarding this destruction event:

Total tokens destroyed: 1,441,281.413 BNB;

Value of destroyed tokens: Approximately $1.208 billion;

Total supply remaining: 137,738,379.26 BNB.

● Citibank and Coinbase have partnered to offer stablecoin payment services. Citibank and Coinbase are working together to provide their institutional clients with the ability to convert crypto assets into fiat currency, as well as cross-border settlements. They plan to launch a blockchain-based stablecoin payment solution in the coming months. Citibank stated that its customers prioritize “programmability, conditional payments, 24/7 availability, and cost efficiency”. Coinbase mentioned that it serves over 250 financial institutions worldwide, offering services including spot and derivatives trading, custody, staking, and payment solutions. Citibank already has a blockchain-based tokenized deposit platform in operation. The stablecoin market is expected to reach a value of over $1 trillion within five years.

● Since the “10.11 crash”, Tether and Circle have issued stablecoins worth $8.5 billion. According to Lookonchain’s monitoring, Circle added 750 million USDC tokens in the past hour. In total, Tether and Circle have issued stablecoins worth $8.5 billion since the “10.11 crash”.

● The tokenized securities market platform tZero is preparing for an IPO in 2026.tZero Group Inc.运营着一个与数字代币挂钩的证券市场，其首席执行官艾伦·科涅夫斯基(Alan Konevsky)表示，公司计划于 2026 年进行 IPO。该公司的投资者包括洲际交易所(ICE)。科涅夫斯基说，该公司一直在与银行家洽谈 IPO 事宜，但尚未选定将与谁合作。他说，该公司还在同时探索进行 IPO 前融资。这家拥有 50 多名员工的公司尚未盈利

● “100%胜率巨鲸”加仓41.68枚BTC，当前持仓2083.84枚BTC多单

据链上分析师 Ai 姨监测， “100% 胜率巨鲸 ”加仓 41.68 枚 BTC，约 477 万美元，已将所有挂单均撤销。目前持有：

BTC 多单：持仓 2,083.84 枚 BTC，价值 2.37 亿美元，开仓价 111,897.3 美元;

ETH 多单：持仓 47,548.42 枚 ETH，价值 1.96 亿美元，开仓价 3,965.94 美元。

● Momentum MMT社区打新认购额已超募10倍

Momentum 在 Buidlpad 平台的 MMT 社区打新认购持续进行中，累计贡献金额已突破 4500 万美元，为原额度的 10 倍以上。

本轮打新面向 Momentum LP 用户及 Wagmi1 & Wagmi2 早期支持者开放，支持 BNB、SUI、USD1 等多资产参与。

官方提醒：认购窗口仅开放 24 小时，超募部分将在结算期后退款，参与资格以验证为准。

● Monad：空投分配结果将于明日公布

According to the official announcement, Monad posted on social media at 00:24 UTC today, stating that “the results of the distribution will be announced tomorrow.”

● Register with Metamask to claim Metamask tokens. According to the official page, registering with Metamask to claim Metamask tokens will allow participants to receive tokens in a future distribution.

● Prenetics raises $46.8 million to support its Bitcoin treasury strategy. Kraken and other investors participated in the financing.

Prenetics, a health technology company supported by David Beckham, announced that it has raised $46.8 million through an equity financing round. Investors include Kraken, Exodus (EXOD), GPTX, and American Ventures. The new funds will be used to advance Prenetics’ Bitcoin treasury strategy.

● Gate Ventures announces its strategic acquisition of Perp Dex ADEN.

Gate Ventures, a venture capital firm under Gate, announced today that it has completed its strategic acquisition of Perp Dex ADEN, a decentralized cryptocurrency perpetual contract exchange. According to CoinMarketCap data, this platform ranks third among decentralized perpetual contract exchanges worldwide, with monthly trading volume exceeding $20 billion. It has over 200,000 users globally. This acquisition is part of Gate’s efforts to expand the decentralized derivatives market. After the integration, ADEN will be migrated to Gate’s own high-performance layer-2 network, Gate Layer. The launch is scheduled for November 3rd.

● Kite AI, an AI payment blockchain, has received strategic investment from Coinbase Ventures.

The AI payment blockchain project Kite AI has announced that it has received strategic investment from Coinbase Ventures. According to official information, this financing is part of Kite’s recent round of funding, which was led by PayPal Ventures and General Catalyst, with a total amount of $33 million. The new funds will be used to support the development of Kite’s own AI-powered payment infrastructure. Additionally, Kite plans to work together with Coinbase to accelerate the widespread adoption of the x402 protocol. It is reported that Kite has already integrated Coinbase’s x402 AI payment standard, enabling AI agents to initiate, receive, and settle payments directly through standardized authorization processes.

● The Hong Kong Securities Commission has launched a tender for a virtual asset trading monitoring system

According to reports from the Hong Kong Economic Daily, the Hong Kong Securities Commission has initiated a tender for a virtual asset trading monitoring system. The goal is to continuously improve regulatory capabilities. The deadline for submitting bids is November 7, 2025. It is expected that the winning bidder will be announced in the first half of 2026, with the aim of enhancing the detection of any unusual activities in virtual asset transactions.

● Bank of China Governor Pan Gongsheng: Digital RMB management system will be further optimized

Pan Gongsheng, governor of the People’s Bank of China, stated at the 2025 Financial Street Forum that the digital RMB is a legally issued and regulated digital currency, compatible with emerging technologies such as distributed ledgers. After years of careful development, the digital RMB ecosystem has been established. In the next step, the People’s Bank of China will further optimize the management system for the digital RMB, study how to position it within the monetary framework, and encourage more commercial banks to become operators of digital RMB services.

● Ethereum Treasury Company ETHZilla sells $40 million in ETH for stock repurchase

According to The Block, Ethereum Treasury Company ETHZilla (stock code: ETHZ) has sold approximately $40 million in Ethereum holdings for stock repurchase purposes.

The company’s board of directors approved a stock repurchase plan worth up to $250 million earlier in August. Since the sale of ETH on October 24th, ETHZilla has repurchased about 600,000 common shares, costing approximately $12 million.

ETHZilla’s chairman, McAndrew Rudisill, stated that the company will continue to repurchase shares until the significant discount to the net asset value of ETHZ is corrected. It is reported that the company still holds approximately $400 million in ETH on its balance sheet.

● The White House has nominated crypto expert Mike Selig to head the CFTC, potentially reshaping the crypto regulatory landscape

The White House has officially nominated Mike Selig, the chief legal advisor of the SEC’s cryptocurrency task force, to serve as chairman of the U.S. Commodity Futures Trading Commission (CFTC). This marks an end to weeks of uncertainty regarding leadership roles within the commission.

This nomination comes at a critical moment when the Senate is pushing legislation to regulate the crypto market. This legislation would grant the CFTC broader authority over digital assets. Selig has extensive experience in the crypto industry, having worked under former chairman Chris Giancarlo at the CFTC.

Meanwhile, the White House is considering appointing individuals such as Paul Balzano and Nathan Anonick to fill the vacancies on the five-member committee. The Senate Agriculture Committee is expected to release its draft regulations regarding digital assets soon, which would complement the proposals put forward by the Banking Committee. Industry experts generally support the idea of having experts who are familiar with cryptocurrencies lead the CFTC.

● Standard Chartered: If things go well this week, Bitcoin’s price may not fall below $100,000 again

Standard Chartered Bank stated that, “if things proceed smoothly this week,” Bitcoin’s price should not fall below $100,000 again. Analyst Geoffrey Kendrick noted that the ratio of Bitcoin’s market value to that of gold has risen, indicating an increase in Bitcoin’s market value over time. Another key sign of a strengthening market is the influx of new funds into spot Bitcoin ETFs. If even half of these funds flow back into Bitcoin ETFs during this week, it would be a strong signal of renewed interest in the market.

● CME Group: Institutional investors in the Asia-Pacific region have a strong demand for hedging opportunities and are beginning to shift their investments towards virtual currencies

Tim McCourt, senior managing director at CME Group, said in a recent interview that the total value of open positions related to CME’s virtual currency products has reached nearly $40 billion. There is a strong demand from investors in the Asia-Pacific region. Lower interest rates in the United States have triggered a need for non-US dollar-based hedging strategies. Many institutional investors in Singapore have begun to shift their investments towards virtual currencies.