Morning News | The Federal Reserve announced a 25-point percent cut in interest rates to 4%. Trump g

Western Union Remittance: The stable coin under this project is named USDPT. A digital asset network will be launched soon.

Market updates

Market trends yesterday

● The Federal Reserve announced a 25-point interest rate cut to 4%, and will end quantitative tightening on December 1st.

The Federal Open Market Committee (FOMC) of the Federal Reserve issued a statement stating that it will officially end its balance sheet reduction program on December 1, 2025. Currently, the Federal Reserve is reducing its holdings of US Treasury bonds by $5 billion per month, as well as mortgage-backed securities by $35 billion per month. This policy change represents a significant shift in monetary policy by the Federal Reserve, which could have profound effects on market liquidity and asset prices.

● Powell said that inflation rates are close to the target, and that the decision to cut interest rates in December is not yet made.

Federal Reserve Chairman Powell stated that inflation rates, after accounting for tariffs, are not far from the target of 2%.

● CME data shows that there is a 71% chance of the Federal Reserve cutting interest rates in December.

On October 30th, CME Federal Reserve observations showed that traders have lowered their expectations for a rate cut in December to 71%, down from the previous 90%.

● Binance Wallet will launch the Momentum (MMT) Pre-TGE event on October 31st.

According to an official announcement, Binance Wallet will host a second phase of Prime Sale Pre-TGE event from 5:00 PM to 7:00 PM UTC+8 on October 31st, 2025. This event will involve the launch of MMT Finance tokens. Participants must meet certain criteria and use Binance Alpha points.

● Binance will remove FLM, KDA, and PERP from its platform on November 12th.

According to official announcements, Binance will remove FLM, KDA, and PERP from its platform on November 12, 2025.

● Stablecoins: The second phase of the deposit campaign will begin next week.

According to official announcements, the stablecoin project Stable has announced that the second phase of the deposit campaign will start next week.

Stablecoins will be available with a 24-hour countdown mechanism, a maximum deposit amount limit per wallet, and other restrictions.

● President Trump’s amnesty measures for several crypto industry figures have sparked ethical concerns.

U.S. President Trump has recently granted amnesty to several individuals in the crypto industry, including Binance CEO Zhao Changpeng, Ross Ulbricht, and executives from BitMEX. This move has led to widespread discussions about political bias and ethical issues in the industry.

● Mastercard plans to acquire crypto payment company Zero Hash for $2 billion.

Mastercard intends to purchase crypto startup ZeroHash for nearly $2 billion, further expanding its presence in the crypto space.

● The supply of stablecoins on the Ethereum network reached a record high of $184.1 billion.

According to data from Token Terminal, the supply of stablecoins on the Ethereum network is approximately $184.1 billion, setting a new historical high.

● Consensys plans to go public in the United States, with JPMorgan and Goldman Sachs serving as lead underwriters.

Consensys, a key participant in the Ethereum ecosystem and the developer of the MetaMask wallet, has announced plans to conduct its first public offering (IPO) in the United States. To facilitate this capital market strategy, the company has hired JPMorgan Chase and Goldman Sachs as its lead underwriters for the IPO. This move indicates that blockchain infrastructure companies are moving closer to traditional financial markets, potentially providing new funding for their business expansion.

● Mastercard intends to acquire the cryptocurrency infrastructure company Zerohash for up to $2 billion

According to Fortune, Mastercard is currently in final negotiations regarding the acquisition of Zerohash, a startup specializing in cryptocurrency and stablecoin infrastructure. The transaction could involve an amount ranging from $1.5 billion to $2 billion. Five people familiar with the matter revealed that the deal may still fail, but if it goes through, it would represent one of Mastercard’s largest investments in the stablecoin sector.

Zerohash, a Chicago-based company founded in 2017, focuses on developing stablecoins and blockchain infrastructure, including payment and cryptocurrency trading functions. The company completed a financing of $104 million in September, with a valuation of $1 billion. Investors included Interactive Brokers, Apollo, Point72 Ventures, and Nyca.

● A former president of FTX US will launch a perpetual contract trading platform that supports traditional assets

The startup Architect Financial Technologies, founded by former CEO of FTX US, Brett Harrison, has received approval from the Bermuda Financial Services Authority. This platform will launch a perpetual contract trading platform called “AX”. The platform aims to apply blockchain-based derivatives mechanisms to traditional asset classes such as stocks, foreign exchange, interest rates, and commodities, with support for 24-hour continuous trading. The platform will accept fiat currency and stablecoins as margin funds, thereby breaking through the limitations of traditional settlement systems. In the future, the platform plans to expand its offerings to include perpetual contracts related to AI-related assets, such as rare metals, renewable energy, and data center computing resources. Architect is based in Chicago and is currently seeking funding in Series A stage. It has received investments from Coinbase Ventures, Circle Ventures, and SALT Fund, which is managed by Anthony Scaramucci. Harrison stated that the regulatory environment in the United States is becoming more relaxed, and perpetual contracts may represent new opportunities in the traditional financial sector.

● Western Union: Its stablecoin, named USDPT, will be launched. The company also plans to create a digital asset network.

According to Business Wire, Western Union, a leading payment company listed on the New York Stock Exchange, has announced its stablecoin to be called U.S.Dollar Payment Token (USDPT).

Additionally, the company has announced the launch of a digital asset network aimed at connecting the digital world with the physical world, thereby making digital assets more useful in the real world.

Western Union expects USDPT to be listed in the first half of 2026. The company plans to allow users to access USDPT through partner exchanges, thereby ensuring widespread accessibility and ease of use.

● Tether holds $135 billion in U.S. government bonds, making it the 17th largest holder of U.S. debt.

Tether首席执行官Paolo Ardoino表示，稳定币Tether持有美国国债达1350亿美元，若将其视为一个国家，已超越韩国成为全球第17大美债持有者。

Tether的持仓规模接近巴西，位列挪威之后。日本仍然是美债最大海外持有国，持有量超过1.1万亿美元，其次是英国和中国。