OKX market data shows that BTC briefly fell below 122,000 USDT and is currently trading at 121,997.9 USDT, with the 24-hour increase narrowing to 2.45%. (This newsletter is generated by AI)

According to GMGN data, the market capitalization of Binance Life, a meme coin within the BSC ecosystem, has surpassed $200 million, currently trading at $207 million, a new all-time high and a 330% increase over the past 24 hours. Odaily reminds users that meme coins are subject to significant price fluctuations and advises investors to exercise caution.

OKX market data shows that BTC has fallen below 121,000 USDT, currently trading at 120,969.1 USDT, a 24-hour drop of 3.14%. (This newsletter was generated with AI assistance.)

Kansas City Fed President Schmid said Monday he favors not cutting interest rates further, saying the Fed should remain vigilant to the risk of excessive inflation as it navigates a balance between the dual risks of overly tight and overly accommodative policy. Schmid supported the Fed's decision to cut interest rates by 25 basis points in September, calling it appropriate risk management amid a cooling labor market. However, he noted that various indicators suggest the overall job market remains healthy, while inflation remains excessively high, with service sector inflation stabilizing at around 3.5% in recent months, well above the Fed's 2% inflation target. "A worrying sign is that the breadth of price increases is also widening," Schmid said, noting that as of August, nearly 80% of the categories in official inflation statistics were experiencing price increases, up from 70% at the beginning of the year. He added: "Overall, I expect the impact of tariffs on inflation to be relatively modest, but I view this as a sign that policy is appropriately calibrated, rather than a call for a significant cut in the policy rate." (Jinshi)

Stablecoin issuer Tether plans to propose its own board of directors and "governance reforms" for Italian football club Juventus. Tether currently holds a 10.7% stake in the club. According to a Reuters report on Monday, Tether's recommendations for the football club's board will be presented before the general meeting on November 7th. Additionally, Tether will invest approximately $129 million as part of Juventus' capital increase. Tether CEO Paolo Ardoino stated that the stablecoin issuer initially invested in Juventus in February and increased its stake to over 10% in April as part of its "commitment to innovation and long-term collaboration."

Joe Brusuelas, an economist at RSM, an insurance, tax, and consulting firm, said the stimulating effect of this round of Fed rate cuts on the economy may be more limited than in the past. Since most homeowners previously locked in mortgage rates well below current levels, mortgage rates would need to fall significantly for refinancing to significantly improve household finances. Corporate balance sheets are already healthy, and the marginal effect of lower financing costs on incentivizing risk-taking is diminishing. Brusuelas also emphasized that, against the backdrop of tightening immigration policies, even companies interested in expansion may face difficulties recruiting workers: "These factors combined will result in a longer lag in the transmission of interest rate cuts to the real economy than historical experience." (Jinshi)

Bee Maps (formerly Hivemapper, Inc., now under a new brand name), a provider of decentralized pinning (DePIN) infrastructure, has secured $32 million in funding. The specific round of funding was not disclosed, with participation from Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital. Bee Maps has also launched a new subscription-based "Bee Membership" program to lower the barrier to entry for contributors.

Vietnam's Deputy Finance Minister announced at a government press conference on Monday that the number of licenses for cryptocurrency exchanges under a pilot program will be capped at five. While some companies are preparing systems and engaging in preliminary discussions with officials, the Ministry of Finance has not yet received any formal applications. Industry experts have criticized the high capital requirements and regulatory uncertainty, warning that the policy favors large financial institutions at the expense of innovative fintech companies.

Bernstein analysts predict that shares of blockchain-based lending company Figure Technologies will rise more than 30%. The company debuted on the public markets in September with an initial public offering (IPO) under the ticker symbol FIGR at $25 per share. The stock is up about 6.5% today, trading at $42.71. Bernstein has set a price target of $54 for the stock.

Galaxy Digital, led by billionaire Mike Novogratz, has launched GalaxyOne, a fintech platform offering professional-grade financial products to individual US investors. Available on iOS, Android, and the web, the platform integrates cryptocurrency trading, US stock investing, and high-yield savings into a single, integrated digital experience. Notably, GalaxyOne offers two main products for investors seeking to earn interest. One, Galaxy Premium Yield, is designed for accredited US investors. Participants can earn up to 8.00% annualized percentage yield (APY) on notes issued by Galaxy Digital LP.

Institutional inflows, shrinking exchange reserves, and historic supply constraints suggest that the Bitcoin cycle is still in its early stages.

Real-World Assets are making waves, turning gold, luxury goods, and corporate products into tradable digital assets on the blockchain.

Prediction platform Polymarket has expanded its funding options, allowing users to deposit Bitcoin directly — a move that comes as BTC trades near record-breaking levels.

India plans to launch a state-backed digital rupee through the RBI to make payments faster, safer, and fully traceable. The move aims to encourage regulated digital money while limiting the use of unbacked cryptocurrencies.

Vietnam will limit its 2026 crypto pilot to five licensed exchanges. Strict rules aim to protect investors and ensure a trusted market.

South Korea’s crypto market is facing a seismic shift — and it has a name: Upbit. The exchange has tightened its grip so dramatically that smaller players are gasping for air, with analysts warning that Korea’s once-competitive crypto ecosystem could be heading toward an irreversible monopoly.

Maintaining the sustainable liquidity and defensible market share of Perp DEX is not achieved through passive farming, shouting orders, and brushing, but by actively building an extremely competitive psychological environment.

OpenAI’s new app Sora 2 quickly sparked controversy as users created hyperrealistic fake videos of crimes, politics, and celebrities. The app faces backlash over deepfakes and copyright issues, forcing OpenAI to tighten safety measures and give rights holders more control.

In a story that perfectly captures the chaos, humor, and thrill of the crypto world, one quick-witted trader has turned a minor blockchain hack into a multimillion-dollar payday.

Paul Tudor Jones warns today’s markets resemble the 1999 dot-com bubble, with high gains in gold, Bitcoin, and tech stocks but rising risks. He highlights bonds as the biggest threat and urges investors to watch closely while keeping some exposure to crypto and gold.