Polymarket founder and CEO Shayne Coplan posted: "BTC, ETH, BNB, SOL, POLY", and the official token POLY may be launched soon.

The Federal Reserve meeting minutes noted that participants agreed that recent indicators suggest that economic activity growth has slowed in the first half of the year. To reflect the latest developments in the labor market, they agreed to no longer describe labor market conditions as "solid," instead stating that job growth has slowed and the unemployment rate has risen slightly but remains low. Participants agreed that inflation remains somewhat elevated and agreed to add that inflation has increased. They agreed that the committee should focus on risks to both aspects of its "dual mandate" and added that downside risks to employment have increased, reflecting their concerns about the labor market. To support the committee's objectives and taking into account the shifting balance of risks, nearly all members agreed to lower the target range for the federal funds rate by 25 basis points to 4%-4.25%. One member voted against this decision, favoring a 50 basis point rate cut. (Jinshi)

Federal Reserve officials are increasingly divided over the future path of interest rates, but most believe further rate cuts are necessary this year. The minutes of the Fed's September meeting, released on Wednesday, showed that the committee is grappling with conflicting economic signals and struggling to reach a consensus on which is the most pressing issue: stubborn inflation or a weak labor market. The minutes showed that Fed officials agreed that one rate cut was necessary given recent weak employment data, but they disagreed on the future path. However, the minutes showed that "most believed that further easing of policy would probably be appropriate for the remainder of the year." However, some policymakers "noted that, based on several indicators, financial conditions suggested that monetary policy was not particularly restrictive, and they believed a cautious approach was necessary." According to September forecasts, 10 Fed officials indicated that they expected two more rate cuts this year, while nine believed that one or fewer rate cuts would be necessary. (Jinshi)

The Federal Reserve meeting minutes mentioned that, during their discussion of the labor market, participants noted that job growth had slowed and the unemployment rate had risen slightly. Participants believed that the low level of job growth estimated in recent months likely reflected a decline in both labor supply and demand growth. Participants cited declining net immigration or changes in the labor force participation rate as factors weakening labor supply, while the impact of moderate economic growth or high uncertainty on business hiring decisions could have dampened labor demand. In this context, participants cited a range of other indicators as helpful in assessing labor market conditions, including the unemployment rate, the ratio of job openings to unemployed persons, wage growth, the share of unemployed individuals finding jobs, the voluntary quits rate among employed workers, and the layoff rate. Participants generally agreed that the latest readings of these indicators did not indicate a sharp deterioration in labor market conditions. However, a few participants believed that recently released labor market data (including revisions to previous data and the preliminary estimate of the non-farm payroll benchmark revision) suggested that labor market slack may have persisted longer than previously reported. (Jinshi)

The U.S. Senate again rejected funding bills proposed by both Republicans and Democrats, failing to end the eight-day government shutdown with no sign of a resolution. In a 54-45 vote, the Senate failed to advance a Republican-led temporary appropriations bill that would have funded the government until late November. Another alternative appropriations bill supported by Democrats was also rejected by a vote of 47 to 52. Three Democratic senators who had sided with Republicans in previous votes did so again in Wednesday's vote. Republican Senator Rand Paul of Kentucky once again sided with the Democrats to oppose the Republican proposal. The two competing temporary appropriations measures had failed to pass in five previous votes. (Jinshi)

The Federal Reserve meeting minutes noted that regarding the inflation outlook, participants generally expected that, under appropriate monetary policy, inflation would remain elevated in the near term before gradually declining to 2%. Some participants noted that business contacts indicated they would gradually raise prices due to rising input costs caused by tariffs. While uncertainty remains about the impact of tariff increases on inflation this year, most participants expected these effects to be fully felt by the end of next year. Some participants also expressed the view that the labor market was not expected to become a source of inflationary pressure. (Jinshi)

Nick Timiraos, the "Federal Reserve mouthpiece," said: "The Fed meeting minutes indicate that more people support not cutting interest rates than those who support cutting interest rates by half a percentage point." (Jinshi)

Polymarket has introduced Bitcoin deposit functionality for its prediction markets.

Federal Reserve meeting minutes: Most officials said it might be appropriate to further ease policy this year. (Jinshi)

OKX market data shows that BTC has broken through 124,000 USDT and is currently trading at 124,012.3 USDT, a 24-hour increase of 2.19%. (This newsletter was generated by AI.)

Discord has been hit by a massive data breach that could expose more than 2.1 million users’ government-issued IDs — a privacy disaster that’s shaking the foundation of online age verification systems.

MetaMask has launched perpetual futures trading and will soon integrate Polymarket’s prediction markets, allowing users to trade and speculate while keeping full control of their funds. The platform is also rolling out a rewards programme ahead of its token launch, marking its shift from a wallet to a broader financial hub.

The unregulated era of the crypto industry requires even more industry responsibility from some top entrepreneurs, helping the industry achieve more breakthroughs in this cycle and attracting more and stronger entrepreneurs to join.

As in the previous five votes, the Democratic bill failed to win any Republican support. The Republican bill fell short of the 60 votes needed for approval, with only three Democrats defecting in support. The two parties remain divided over the continuation of health insurance subsidies.

Tom Lee proposed a "medium-term" target of $60,000 for ETH and suggested that ETH is in the midst of a 10-15 year supercycle. If he's right, this will unfold in waves, spanning multiple cycles. We're currently in a bull market, but it won't last forever.

Golden Finance has launched the 2840th issue of "Golden Morning 8:00", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.

Bridgewater Associates founder Ray Dalio said on Tuesday that now is like the 1970s and investors should hold more gold than usual.

"Derivatives are the holy grail of DeFi." As early as 2020, the market has reached a consensus that on-chain perp protocols are the ticket to the second half of DeFi.

This article provides a technical, quantitative, and objective mechanistic analysis to help sophisticated market participants identify and potentially mitigate related risks.

PancakeSwap’s official Chinese X (formerly Twitter) account has been compromised in a coordinated phishing campaign that promoted a fake meme coin called “Mr. Pancake.”