Federal Reserve Chairman Powell said that the Fed's policy toolbox is currently operating well, and the balance sheet reduction may be nearing its end in the coming months. The Fed remains committed to achieving a balance sheet that holds only Treasury bonds for a longer period of time, and Fed officials will discuss the composition of the balance sheet. (Jinshi)

Federal Reserve Chairman Powell said that rising risks in the job market justify the September rate cut. We believe the Fed has more room for flexibility in the size of its balance sheet. (Jinshi)

Federal Reserve Chairman Powell said that data before the US government shutdown showed that economic growth may be better than expected. The future direction of monetary policy will be driven by data and risk assessment. The downside risks of the US job market have increased. (Jinshi)

OKX market data shows that BTC has broken through 113,000 USDT and is currently trading at 113,008 USDT, with the 24-hour increase narrowing to 1.45%. (This newsletter is generated by AI)

OKX market data shows that ETH has broken through 4100 USDT and is currently trading at 4100.29 USDT, with the 24-hour increase narrowing to 1.3%. (This newsletter is generated by AI)

Binance co-founder He Yi posted a message on the X platform in response to the launch of the "Same Boat Plan." She said: "Binance has stumbled since its inception, and it has been a difficult and bumpy journey, but it has always been reborn. Therefore, we hope that Binance users who were hurt by this price drop will have the opportunity to start over. Those who are passionate about the microphone will continue to slander us, attack us, and also promote us. The only thing we need to do is to take stock of our affected users and see what kind of help we can provide them. We believe that "actions speak louder than words." Binance's only intervention in the market over the years has been to directly transfer funds to users, and let time do the rest. This relief fund was difficult to promote because it could have sponsored 4 A racing team, or even the Olympics, can buy tens of millions of users. Airdropping to users might be a drop in the bucket and will only draw criticism: "Why would they give money?" "To give so much money, they must have exploited a lot of people." "Look, you're trying to buy us off with just a little money." We anticipated this. But there are still many more users who silently support us, and many more who are cheering us on. Binance exists only as long as the industry survives. We can't let external voices or fear of slander and defamation prevent us from doing the right thing. Do good deeds, and don't worry about the future."

Chain sleuth ZachXBT posted on the X platform that the wallet addresses corresponding to the approximately 127,000 bitcoins (worth approximately $14 billion) confiscated by the US government today were previously identified as vulnerable to private key vulnerabilities in a security research report (Milky Sad Report) two years ago. ZachXBT stated that the US government now claims these addresses have been "taken over and held in its custody," raising concerns about how they were acquired. When a user inquired about whether the funds were transferred to a more secure wallet, ZachXBT responded, "Unlikely. It's more likely that someone hacked the addresses for the US government, or that the US government itself gained access to the addresses."

According to Lookonchain monitoring, following the recent sharp market decline, four large investors ("whales") withdrew and staked a total of 48 million FF tokens from various exchanges, valued at approximately $6.47 million. Specifically, address 0xDda6 withdrew 15 million FF tokens (approximately $2.3 million) from Bitget in the past five hours; address 0x484F withdrew 15 million FF tokens (approximately $1.84 million) from MEXC two days ago; address 0xBbB9 withdrew 10 million FF tokens (approximately $1.15 million) from Gate two days ago; and address 0xf68C withdrew 8 million FF tokens (approximately $1.18 million) from KuCoin in the past seven hours.

According to on-chain analyst Yu Jin, the US plans to confiscate 127,000 BTC (worth $14.1 billion) from Cambodian Prince Group's Chen Zhi. This means the US government now holds 324,000 BTC, valued at $36.2 billion, making it the largest BTC holder. Chen Zhi's case documents mention that the planned confiscation of BTC is located in 25 addresses, totaling 127,271 coins. These addresses are marked on Arkham as belonging to the LuBian mining pool and were stolen in 2020. Last July, these BTC were collected and transferred, and the LuBian mining pool even issued an on-chain request for their return. Chen Zhi's case documents also explicitly state that these BTC are now in the hands of the US government, indicating that the July collection was likely carried out by the US government, not hackers. 3. Including the 127,000 BTC confiscated from Chen Zhi, the US government now has 324,000 BTC worth $36.2 billion.

In an interview with CBS, BlackRock CEO Larry Fink stated that he has reconsidered Bitcoin and believes that cryptocurrencies, like gold, are alternative assets. Fink stated that Bitcoin is "not a bad asset," but it should not constitute a large portion of a portfolio. He previously revealed in his annual letter to investors that approximately half of the investment demand for BlackRock's Bitcoin ETF came from retail investors, 75% of whom had never previously purchased iShares products. (Decrypt)

This crisis has put Binance in the spotlight, with it being accused of internal system problems triggering a chain reaction that has led to overall losses in the industry.

"Suppose I give you unlimited resources, unlimited talent, and 30 years. You lock yourself away in a lab like a hermit. After 30 years, you come out and tell me what you invented. What would you create?"

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.

USDe’s decoupling is not accidental, but an inevitable outbreak of an “algorithm trust crisis”.

The USDe price decoupling incident was like the first domino, triggering a chain reaction that spread from the liquidation of on-chain DeFi protocols to large-scale deleveraging on centralized derivatives exchanges.

Digital currency is not only a technological innovation, but also a new tool to fight against autocracy and defend freedom.

Base founder Jesse Pollak posted a series of posts on X, criticizing some centralized exchanges for charging project parties 2% to 9% of the token supply as listing fees.

A $200,000 BNB donation to Malta’s cancer fund from 2018 has grown to $39 million but has never been used. Legal disputes and unclear oversight have kept the funds dormant, despite their accessibility and urgent medical needs.

Kenya has taken a historic step toward formalizing its fast-growing digital asset market with the passage of the Virtual Asset Service Providers Bill, 2025, creating the country’s first comprehensive regulatory framework for cryptocurrencies and related businesses.

Black swan events like the October 9-10 liquidation incident have proven that DEXs are structurally superior to CEXs in terms of transparently handling liquidations. When CEXs run into trouble, DEXs like Hyperliquid remain fully operational.