According to market news: JPMorgan Chase CEO Jamie Dimon said that the US government shutdown will not harm the financial market.

According to market news: OranjeBTC (stock code: OBTC 3), Brazil's largest Bitcoin treasury company, is listed on the Brazilian Stock Exchange B3 and holds 3,675 Bitcoins.

Glassnode reports that as traders increased their long positions after Bitcoin broke through its previous high, BTC futures open interest surged. The current correction is testing the resilience of these long positions and helping to reset market leverage. Two key signals to watch for moving forward: when and where buying power intervenes, and whether key support levels can reignite market demand.

A report released Tuesday by the New York Federal Reserve showed that Americans grew more concerned about the future of the job market in September and raised their forecasts for the near-term path of inflation. The bank's latest consumer expectations survey showed that as the perceived probability of job loss increased, respondents increased their expectations that the overall unemployment rate this year would be higher than in August. However, respondents also believed that if an unexpected job loss occurred, the chances of finding a new job would be greater within the next three months. The bank said that concerns about the future of the job market came as American households became more optimistic about their current financial situation and "slightly" lowered their expectations for the year ahead. As of September, households reported a reduction in their expectations for future spending due to mixed views on future income and income levels. Meanwhile, the September report found that one-year inflation expectations rose to 3.4% from 3.2% in August, while expectations for inflation over the next three years remained stable at 3%. Five-year inflation expectations also rose to 3% in September from 2.9% the previous month. The report also noted that expectations for food prices over the next year rose to their highest level since March 2023. (Jinshi)

OKX market data shows that BTC briefly fell below 122,000 USDT and is currently trading at 121,997.9 USDT, with the 24-hour increase narrowing to 2.45%. (This newsletter is generated by AI)

According to GMGN data, the market capitalization of Binance Life, a meme coin within the BSC ecosystem, has surpassed $200 million, currently trading at $207 million, a new all-time high and a 330% increase over the past 24 hours. Odaily reminds users that meme coins are subject to significant price fluctuations and advises investors to exercise caution.

OKX market data shows that BTC has fallen below 121,000 USDT, currently trading at 120,969.1 USDT, a 24-hour drop of 3.14%. (This newsletter was generated with AI assistance.)

Kansas City Fed President Schmid said Monday he favors not cutting interest rates further, saying the Fed should remain vigilant to the risk of excessive inflation as it navigates a balance between the dual risks of overly tight and overly accommodative policy. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, calling it appropriate risk management amid a cooling labor market. However, he noted that various indicators suggest the overall job market remains healthy, while inflation remains excessively high, with service sector inflation stabilizing at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the breadth of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics were experiencing price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively modest, but I view this as a sign that policy is appropriately calibrated, rather than a call for a significant cut in the policy rate." (Jinshi)

Stablecoin issuer Tether plans to propose its own board of directors and "governance reforms" for Italian football club Juventus. Tether currently holds a 10.7% stake in the club. According to a Reuters report on Monday, Tether's recommendations for the football club's board will be presented before the general meeting on November 7th. Additionally, Tether will invest approximately $129 million as part of Juventus' capital increase. Tether CEO Paolo Ardoino stated that the stablecoin issuer initially invested in Juventus in February and increased its stake to over 10% in April as part of its "commitment to innovation and long-term collaboration."

Joe Brusuelas, an economist at RSM, an insurance, tax, and consulting firm, said the stimulating effect of this round of Fed rate cuts on the economy may be more limited than in the past. Since most homeowners previously locked in mortgage rates well below current levels, mortgage rates would need to fall significantly for refinancing to significantly improve household finances. Corporate balance sheets are already healthy, and the marginal effect of lower financing costs on incentivizing risk-taking is diminishing. Brusuelas also emphasized that, against the backdrop of tightening immigration policies, even companies interested in expansion may face difficulties recruiting workers: "These factors combined will result in a longer lag in the transmission of interest rate cuts to the real economy than historical experience." (Jinshi)

Institutional inflows, shrinking exchange reserves, and historic supply constraints suggest that the Bitcoin cycle is still in its early stages.

Real-World Assets are making waves, turning gold, luxury goods, and corporate products into tradable digital assets on the blockchain.

Prediction platform Polymarket has expanded its funding options, allowing users to deposit Bitcoin directly — a move that comes as BTC trades near record-breaking levels.

India plans to launch a state-backed digital rupee through the RBI to make payments faster, safer, and fully traceable. The move aims to encourage regulated digital money while limiting the use of unbacked cryptocurrencies.

Vietnam will limit its 2026 crypto pilot to five licensed exchanges. Strict rules aim to protect investors and ensure a trusted market.

South Korea’s crypto market is facing a seismic shift — and it has a name: Upbit. The exchange has tightened its grip so dramatically that smaller players are gasping for air, with analysts warning that Korea’s once-competitive crypto ecosystem could be heading toward an irreversible monopoly.

Maintaining the sustainable liquidity and defensible market share of Perp DEX is not achieved through passive farming, shouting orders, and brushing, but by actively building an extremely competitive psychological environment.

OpenAI’s new app Sora 2 quickly sparked controversy as users created hyperrealistic fake videos of crimes, politics, and celebrities. The app faces backlash over deepfakes and copyright issues, forcing OpenAI to tighten safety measures and give rights holders more control.

In a story that perfectly captures the chaos, humor, and thrill of the crypto world, one quick-witted trader has turned a minor blockchain hack into a multimillion-dollar payday.

Paul Tudor Jones warns today’s markets resemble the 1999 dot-com bubble, with high gains in gold, Bitcoin, and tech stocks but rising risks. He highlights bonds as the biggest threat and urges investors to watch closely while keeping some exposure to crypto and gold.