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.

All those who have consistently achieved profitability over the long term know that making decisions without bias or emotion is the key to a sustainable trading career. You must think outside the box and constantly reassess the risk-reward and likelihood of adverse choices.

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.

零知识证明（ZK-Proofs）如何创造一个新的、价值数十亿美元的可验证计算市场。

Polymarket, prediction, crypto market, Polymarket's valuation has increased tenfold in four months. What's the magic of prediction markets? Golden Finance, prediction markets are becoming the new darling of Wall Street.

Deep in the crypto Twitter circle, a community full of technological optimism is reconstructing on-chain ownership and governance models in a nearly religious way.

Recommended reading tonight: 1. Is the post-October 11th drop a buying opportunity based on the three key factors driving BTC prices?; 2. The shattered dreams of former star Kadena: What messes remain? What lessons can we learn?; 3. a16z: Understanding the state of the crypto industry in 2025 with 34 charts;

Fully homomorphic encryption, TEE, privacy, Multicoin partners: TEE, ZK and FHE three major privacy technologies. Why I am more optimistic about FHE. Golden Finance, the asset itself is more important than the privacy attribute.

An in-depth exploration of Solana’s current status in the RWA track, providing a comprehensive and systematic investigation for investors, developers, and industry observers.

For some time to come, the relationship between US civil servants and Trump will reach a freezing point, which will have some unexpected impacts on all work, including trade negotiations.

The collapse of Chen Zhi’s empire and the confiscation of 15 billion bitcoins have sounded a wake-up call for us.