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There are divisions within the Federal Reserve regarding a rate cut in December, but due to a weakening job market and statements from senior officials, market expectations have shifted in favor of a rate cut. Economists believe the Federal Reserve may take action to address economic weakness, but internal disagreements focus on policy tightness, interpretations of inflation, and contradictions between employment and consumption. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still in the process of iterative updates.
JPMorgan warned in a research report that if MicroStrategy is eventually excluded, it could trigger a mandatory sell-off amounting to 2.8 billions USD.
The reversal of Fed rate cut expectations has led to significant volatility in BTC prices, with the market remaining in a state of extreme fear for 12 consecutive days. ETF funds continue to flow out, the altcoin market is sluggish, and investor trading enthusiasm is waning.
- 21:32Malaysian Crown Prince-backed telecom company Bullish Aim launches ringgit stablecoin RMJDTForesight News reported, citing Bloomberg, that the eldest son of the King of Malaysia is launching a stablecoin pegged to the country's fiat currency, targeting the cross-border payments market in the Asia-Pacific region. Telecom company Bullish Aim announced on Tuesday the launch of RMJDT—a new stablecoin backed by the Malaysian ringgit. The company is owned by Prince Ismail Ibrahim, a member of the Johor royal family and the current King of Malaysia. The stablecoin will be issued on the Layer 1 blockchain Zetrix. In addition to issuing the stablecoin, Bullish Aim will establish a Digital Asset Treasury (DAT) company and allocate 500 million ringgit (approximately $121.5 million) worth of Zetrix (ZETRIX) tokens as the initial treasury asset allocation.
- 21:31Stablecoin public chain Tempo has launched its public betaForesight News reported that the stablecoin public chain Tempo announced on Twitter that it has opened for public beta testing. According to the official disclosure, its current partners include Anthropic, Deutsche Bank, DoorDash, OpenAI, Revolut, Shopify, Standard Chartered Bank, Visa, Figure, Gusto, Kalshi, Klarna, Mastercard, and UBS.
- 21:31Privacy protocol Horizen relaunches as a Layer 3 network on Base, with plans to launch a developer grant program in the futureForesight News: According to The Block, the privacy protocol Horizen, established in 2017, has transitioned into a Layer 3 mainnet on Base, aiming to provide “compliance-optional privacy” features. The project has deprecated its old mainchain and EON sidechain, and relaunched the ZEN token. Horizen plans to invest 100 million dollars worth of ZEN over the next five years to support the development of privacy-focused applications, including those in finance, gaming, and social scenarios. The new architecture supports jurisdiction-specific modules to enable compliant disclosures. ZEN is now trading on the Base chain.