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.)

Although the crypto market has new technologies and a decentralized narrative, as long as there are controls and risks, it must be subject to rules and constraints similar to those of traditional markets.

Recommended reading for tonight: 1. From "Binance Life" to Meme Rush: Binance Meme Season is here! 2. Arthur Hayes: The King is Here: Has BTC's Four-Year Cycle Expired? 3. What's the Potential Highest ETH Price in Q4?

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) sat down at the same table for the first time in fourteen years and held a joint roundtable meeting on the future market landscape.

Whether it is the new framework or the old framework, the Fed's policy framework demonstrates the comprehensive application of New Keynesian macroeconomics in monetary policy. The Fed has undergone significant changes since Greenspan.

A U.S. diplomat has been dismissed after allegedly concealing a romantic relationship with a Chinese national who reportedly had close ties to the Chinese Communist Party (CCP) — a revelation that has set off alarm bells over national security and foreign influence within American diplomatic ranks.

BNB, the native token of Binance, has set the crypto world ablaze by topping the crypto market hierarchy by overtaking XRP to become the third-largest cryptocurrency after soaring 30% in market capitalization.

Tether's dominance in the stablecoin market and the application of USDT in various chains and emerging channels.

Coinbase has launched decentralized trading directly in its mobile app, letting U.S. users trade millions of tokens instantly, though New York residents are excluded. The app integrates DEX aggregators 1inch and 0x for non-custodial trading and also offers staking in states where it is allowed.

What exactly is futarchy, how MetaDAO implements it, and why it holds the potential to solve long-standing problems with token issuance.

PayPay acquired a 40% stake in Binance Japan, linking its cashless payment system with the crypto exchange. The partnership allows users to buy and sell cryptocurrencies using PayPay balances, making crypto access easier for millions in Japan.