Planet Daily | The Federal Reserve cut interest rates by 25 basis points; JPMorgan Chase: Bitcoin will benefit from Trum
Headlines
The Fed cuts interest rates by 25 basis points
The Federal Reserve cut its benchmark interest rate by 25 basis points to 4.50%-4.75%, the second consecutive rate cut in line with market expectations.
JPMorgan: Bitcoin will benefit from Trumps victory in the next eight weeks
JPMorgan Chase said in a report: We continue to believe that Trumps victory has the potential to have an impact similar to 2016 in the next eight weeks or so. Although Bitcoin has soared and gold has fallen due to Trumps victory, Trumps policies are likely to support both before 2025. When traders try to hedge against currency weakness and geopolitical headwinds, both gold and Bitcoin may benefit from depreciation trades.
Bloomberg: CZ reveals he received an offer to sell his controlling stake in Binance
In an interview, CZ recalled his forced departure from Binance and his four-month prison sentence, during which he passed the time by exercising, writing books, and discussing cryptocurrencies with his cellmates.
Additionally, CZ said he even received an offer to sell his controlling stake in the exchange — a stake that makes up the bulk of his personal net worth — but he declined to reveal who the buyer was or the price.
Industry News
Runestone founder Leonidas published an open letter to Coinbase on X, asking for clarification on the status of DOGs listing application.
It stated: “We acknowledge that Mr. Armstrong (Coinbase CEO) posted on November 2, 2024 claiming ‘free listing’, but despite the DOG community’s repeated attempts to contact Coinbase, no response has been received to date.
We strongly recommend that Coinbase improve its Asset Hub process to be truly inclusive of all decentralized and fairly distributed Memecoin communities, regardless of organizational structure. Currently, the inherent lack of access to information requirements for truly decentralized Memecoins (like DOG, as well as Bitcoin itself) creates an uneven playing field and undermines the core principles of decentralized cryptocurrency. This structure could inadvertently favor VC-backed Memecoins, potentially stifle decentralized, fairly distributed Memecoins, and result in company-controlled Memecoins being sold off by insiders to retail investors. We urge Coinbase to take proactive steps to address this systemic issue and create a fairer listing process that reflects the diverse landscape of the Memecoin market.
In the interests of clarity and fairness, we respectfully request the following from Coinbase, including a formal meeting to discuss these key issues:
1. Specific issues regarding DOG: If any specific issues are preventing DOG from being listed, they must be clearly stated so that the community can resolve them;
2. Listing criteria: All listing criteria adopted by Coinbase need to be fully and in detail explained to ensure transparency, trust, and fairness.
Binance was selected for Fortune’s inaugural “2024 Asia Fintech Innovators” list, ranking first in the “Blockchain Crypto” category. Fortune’s 2024 Asia Fintech Innovators list showcases 60 of the most dynamic financial services companies in the world’s fastest-growing regions.
Crypto.com publicly warned by Polish regulator
The Polish Financial Supervision Authority (KNF) has issued a public warning to Foris DAX MT, a Malta-based company operating under the Crypto.com brand, for suspected unauthorized financial activities in Poland.
The KNF warning is not a ban, but rather a reminder for Polish investors to consider the potential risks associated with the platform. The warning is significant, but the KNF did not blacklist the company.
In Poland, the KNF’s public warning list informs citizens about companies that may be engaged in unauthorized financial activities. Jacek Bardzczewski, head of the KNF department, explained that under Polish law (specifically Section 178 of the Financial Instruments Trading Act), entities providing brokerage or investment services must hold the appropriate licenses to legally conduct business.
Bloomberg: CZ reveals he received an offer to sell his controlling stake in Binance
In an interview, CZ recalled his forced departure from Binance and his four-month prison sentence, during which he passed the time by exercising, writing books, and discussing cryptocurrencies with his cellmates.
Additionally, CZ said he even received an offer to sell his controlling stake in the exchange — a stake that makes up the bulk of his personal net worth — but he declined to reveal who the buyer was or the price.
Powell: High inflation has eased significantly and the labor market remains strong
Fed Chairman Powell said in a speech that high inflation has eased significantly and the labor market remains strong. He is committed to maintaining strong economic development and continues to be confident that inflation will continue to fall to 2% by adjusting the policy stance.
US election
Over 250 Crypto-Promoting Candidates Were Elected to Congress in This US Election
According to Fox Business, more than 250 pro-cryptocurrency candidates were elected to Congress in this US election.
Ripple CEO Brad Garlinghouse posted a message on X to congratulate Trump on his victory in the 2024 election and listed the priorities of the Trump administration in its first 100 days in office, calling for a decisive reshaping of the U.S. SEC and clarification of cryptocurrency regulation, including:
-Fire Gary Gensler. Do it on day one, don’t delay;
-Appoint Giancarlo, Brooks, or Gallagher to his position, who would do a tremendous job in restoring the rule of law (and reputation) at the SEC;
-Let Republicans and Democrats push the Digital Asset Market Structure Act through the Senate;
– Last but not least: Can we get some clarification: similar to XRP and BTC, is ETH also not a security?
Project News
WazirX plans to launch independent DEX and its token
Nischal Shetty, founder of Indian cryptocurrency exchange WazirX, has announced that the company is expanding its operations and exploring the creation of a standalone decentralized exchange (DEX) to operate alongside the company’s current centralized service.
According to Shetty, the decision to launch a DEX was a response to the WazirX security incident in July 2024, when attackers stole approximately $235 million in user funds from the exchange, and the latest move will help eliminate counterparty risks inherent in centralized platforms.
BNB Chain Launches Codeless RWA Tokenization Service
BNB Chain announced the launch of a new RWA tokenization service that provides individuals and businesses with a code-free solution to complete tokenization in minutes. The new service simplifies the process of asset tokenization with built-in compliance tools and clear guidance, guiding each step of the tokenization process, including asset securitization and on-chain token minting.
It is reported that outsourcing the tokenization process to BNB Chains tokenization solution can significantly reduce the cost, time and labor required for asset tokenization, and lower the entry barrier for small businesses seeking to utilize RWA tokenization.
NYDIG has acquired Bitcoin mining company Consensus Technology Group
Bitcoin infrastructure and financial services company NYDIG has acquired bitcoin mining company Consensus Technology Group (CTG), according to people familiar with the matter.
According to LinkedIn, the deal could be completed in October. CTG co-founder and CTO David Westrops LinkedIn shows he started a new operations role at NYDIG last month, and another CTG co-founder Joshua Zappalas LinkedIn also shows he was hired by NYDIG to oversee corporate development and strategy. NYDIG declined to comment.
MakerDAO Decides to Keep Rebranded Sky, Plans to Launch New Stablecoin and Expand Projects
MakerDAO voted to keep its recent rebrand despite opposition that it wasted industry recognition for its largest algorithmic stablecoin on Ethereum, DAI. Nearly 80% of the votes were in favor of keeping “Sky” as the backend protocol brand.
Sky plans to launch new stablecoins, including decentralized censorship-resistant puredai and compliant NewStable for the mass market, and plans to launch versions on Solana and Ethereum Layer 2 Base. The project also plans to integrate with Aave, launch a staking protocol using SKY and MKR, and build a custom bridge for the EVM chain called SkyLink.
This article is sourced from the internet: Planet Daily | The Federal Reserve cut interest rates by 25 basis points; JPMorgan Chase: Bitcoin will benefit from Trumps victory in the next eight weeks (November 8)
Original | Odaily Planet Daily ( @OdailyChina ) Author｜Nan Zhi ( @Assassin_Malvo ) In early 2024, Binance began to frequently list coins through the Launchpool section, among which Binance Labs investment projects became the main force of coin listing , including Fusionist (ACE), Sleepless AI (AI), NFPrompt (NFP), etc. In the middle of the year, Binance suspended coin listing due to market downturn and VC coin blood-sucking market controversy. Recently, Launchpool has returned again, and the frequency of coin listing has increased significantly . Yesterday, Binance Labs “selected” 12 projects in its portfolio that will be showcased on the Innovation Stage at Binance Blockchain Week in Dubai to help them gain exposure and feedback. Interestingly, the reply with the highest number of likes and exposure under Binance Labs’ tweet was…
Related articles
English 
繁體中文 
简体中文 
Français 
Deutsch 
Русский 
Español 
日本語 
ไทย 
Tiếng Việt 
العربية 
한국어 
Bahasa Indonesia 
हिन्दी 
اردو 
Türkçe