According to CME's "Fed Watch," the probability of the Fed cutting interest rates by 25 basis points in October is 97.3%, while the probability of keeping rates unchanged is 2.7%. The probability of the Fed cutting interest rates by 50 basis points in December is 95.5%, and the probability of a cumulative 75 basis point cut has dropped to 0%.

OSPREY files S-1 for Solana ETF.

According to CCTV News, on October 22, local time, US President Trump said he did not think it was appropriate to meet with Russian President Vladimir Putin, so he canceled his meeting with Putin in Budapest. Trump said he believed it was time to impose sanctions on Russia and he hoped the sanctions would not last too long.

Musk's Tesla disclosed that as of the third quarter of 2025, the company held approximately $1.3 billion in Bitcoin without selling any of it, indicating that Tesla continues to hold Bitcoin as part of its assets for the long term. The rise in Bitcoin prices in the third quarter enabled Tesla to earn approximately $80 million in profits.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins and Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham stated that both regulatory agencies are pushing to achieve milestones in cryptocurrency regulation by the end of the year. The CFTC plans to regulate "spot crypto trading and tokenized collateral" by the end of the year, while the SEC is advancing "Project Crypto," which plans to introduce innovative regulatory exemptions. However, the ongoing government shutdown has limited the effectiveness of both agencies. The White House previously proposed that the SEC consider crypto safe harbors and securities issuance registration exemptions, while the CFTC has been authorized to regulate the spot market for non-securities digital assets. Congress is also pushing for legislation to establish clear rules for the crypto industry, and the SEC hopes to have the relevant bill signed and enacted by the end of the year to clarify market boundaries and coordinate regulatory action.

Coinbase exchange announced that it will conduct a system upgrade at approximately 10:00 PM on October 25, 2025 (Beijing time), during which time the exchange will be temporarily unavailable.

According to Bloomberg, as of October 20th, the United States had 155 applications for cryptocurrency-based exchange-traded products (ETPs), covering 35 digital assets. Bitcoin and Solana each received 23 applications, XRP 20, and ETH 16. Although the US government shutdown, which began on October 1st, has delayed the approval process, industry experts remain optimistic that approval is imminent. Recently, issuers have been actively submitting 2x and 3x leveraged ETFs and products incorporating collateralization mechanisms, reflecting the market's "all-out rush" for crypto ETFs. Analysts note that investors prefer index-based and actively managed ETFs to diversify their exposure to emerging digital assets rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETFs have managed nearly $150 billion in assets, and ETH ETFs have managed approximately $24 billion.

Coinbase announced the launch of a new tool, Payments MCP, which allows large language models (such as Anthropic's Claude and Google's Gemini) to directly access blockchain wallets and conduct crypto transactions. Launched on the Coinbase Developer Platform, the tool runs locally, is easy to use, and can be customized to meet AI needs. This initiative follows the launch of the x402 Foundation, backed by Coinbase and Cloudflare, to promote standardization of AI payments and enable direct connections between AI and decentralized finance. Payments MCP uses a natural language interface to enable AI to use wallets, channels, and stablecoin payments like humans, accelerating AI's ability to operate autonomously within the financial system.

Kalshi, a US-regulated prediction market platform, is receiving venture capital proposals with a potential valuation of up to $12 billion. Less than two weeks ago, Kalshi closed a funding round exceeding $300 million at a valuation of $5 billion. Investor interest in the fast-growing startup is high, with discussions of valuations ranging from $10 billion to $12 billion, or even higher.

Nigel Farage, leader of the UK's Reform Party, stated in London that he would do everything in his power to prevent the UK from issuing a central bank digital currency (CBDC), calling it a "complete nightmare" and vowing to "go to jail rather than accept it." He promised that if he came to power, he would establish a "Bitcoin Digital Reserve," lower crypto taxes, and prohibit banks from closing accounts due to crypto transactions, with the goal of making London a global crypto hub.

After months of controversy, Sam Altman’s Worldcoin is betting on a comeback — and it’s doing so through one of crypto’s hottest prediction platforms. Global prediction markets have hit record highs, with weekly volumes surpassing $2 billion, since the news of the integration of Polymarket into World broke.

The main narrative for crypto in 2025 is industry maturity. The a16z annual report analyzes industry transformations, from institutional adoption and the rise of stablecoins to the convergence of crypto and AI. Crypto assets are entering a historic moment as a vital component of the modern economy.

While curbing yield-seeking liquidity may not be the primary focus of V4, it will be a huge side effect that will fundamentally change how DeFi yields work.

Golden Finance has launched the 2854th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Decentralized exchanges (DEXs) are one of the most revolutionary innovations in the crypto market. They not only change people's understanding of "trading," but also redefine liquidity, trust, and the role of financial intermediaries.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Regardless of the strength or weakness of the exit time window, there will always be projects with excellent fundamentals that will eventually emerge.

Investors may be more concerned about whether the DAT company's stock is worth investing in, how long the company's trend of financing and buying coins can last, the value of the coins included in the treasury, and how to respond when the crypto market falls.

Ethereum is a force driving positive change in the world, and the Foundation is the positive driving force behind this force.

If you are overly obsessed with price fluctuations and leverage games, you will only be swept up by FOMO emotions and ignore the real and long-term value-building Web3 projects.