Planet Daily｜Poll: Trump and Harris are evenly matched; the Federal Reserve may continue to cut interest rates by 25 bas

Titres

The 2024 presidential election in the United States begins next Tuesday, and many major polls still show Trump and Harris in a close race

The United States will begin the 2024 presidential election next Tuesday (November 5), and many major polls still show that Trump and Harris are neck and neck.

The likelihood of a 25 basis point rate cut by the Fed in November, December and 2025 increases

Interest rate futures show an increased likelihood of a 25 basis point rate cut by the Federal Reserve in November, December and 2025, with traders increasing bets on a 25 basis point rate cut by the Federal Reserve in November.

U.S. unemployment rate in October was 4.1%, expected to be 4.1%, previous value was 4.1%

The U.S. unemployment rate in October was 4.1%, in line with expectations and the previous value of 4.1%.

Nouvelles de l'industrie

Russia introduces regulatory framework for crypto mining, defining it as a legal activity and stipulating requirements for miners to operate

The Russian government has introduced a regulatory framework for cryptocurrency mining, marking the implementation of a law signed by President Vladimir Putin in August and published shortly before the rules came into effect.
The law officially défines cryptocurrency mining as a legal activity in Russia, sets out safety and operational requirements for miners, and creates a structure for commerce digital financial assets on specially approved platforms. The framework is intended to bring clarity and oversight to Russias growing cryptocurrency industry amid growing energy demand and growing concerns about illegal mining activities.
Under the new rules, only registered organizations and individual entrepreneurs can legally engage in cryptocurrency mining. Russian individuals who are not officially registered as entrepreneurs can also mine, but their electricity consumption must not exceed 6,000 kWh per month. If they exceed this limit, they will need to register as entrepreneurs to continue their mining activities. This approach ensures that smaller individual mining operations remain viable, while imposing stricter requirements on larger, potentially commercially viable operations.
The regulation also imposes detailed reporting obligations on miners, requiring them to disclose the total amount of digital currency produced and provide the Federal Tax Service (FTS) with address identifiers for each transaction. This information is only accessible to law enforcement agencies, facilitating oversight while ensuring a certain degree of privacy. In addition, miners must ensure that their operations meet standards for reliability, safety, and power stability, thereby reducing risks to local power grids.

FTX reaches settlement agreement with Evolve Bank and Silicon Valley Community Foundation, and is expected to recover $21 million in assets

FTX has reached a settlement with Evolve Bank and the Silicon Valley Community Foundation (SVCF) that could allow it to recover up to $21 million in assets. The agreement is subject to court approval, with a hearing set for November 20.

JPMorgan Analyst: Bitcoin Futures Have Become “Quite Overbought”

JPMorgan analyst Nikolaos Panigirtzoglou said in a report on Wednesday that retail investors have been leaning into a debasement trade, buying Bitcoin and gold exchange-traded funds (ETFs) ahead of the Nov. 5 U.S. presidential election. Panigirtzoglou said that institutional investor activity appears to have been on hold for the past two weeks, based on the cumulative open interest change in CME bitcoin futures. He noted that bitcoin futures have become rather overbough and could face vulnerability in the future. The situation is similar for gold, where retail investors continue to buy gold ETFs while trading activity in gold futures has paused.

Tether to launch stablecoin pegged to UAE dirham on TON

Stablecoin issuer Tether announced that a stablecoin pegged to the UAE dirham will be launched on the TON blockchain. Alessandro Giori, senior strategic partnership manager at Tether, said that in August this year, Tether announced a partnership with the UAE Phoenix Group and Green Acorn Investments to launch a stablecoin backed by the dirham. In addition, TON is also the fastest blockchain to reach 1 billion USDT since its launch.

Élections américaines

Solana Co-founders Call on Voters to Pay More Attention to US Presidential Candidates’ Positions on Important Issues

Solana co-founder Anatoly Yakovenko called on voters to pay more attention to the political plans for the upcoming 2024 U.S. presidential election, and advised voters not to focus only on the presidential election between Trump and Harris, but to study their positions on important issues as the cryptocurrency industry expects bipartisan support.

Polymarkets US election betting amount is nearly $3 billion, and Trumps chance of winning has dropped to 55.9%

Data from the prediction market Polymarket shows that the current probability of Trump winning the US presidential election is 55.9%, and the probability of Harris winning the election is 44.1%, with the gap between the two narrowing to 11.8 percentage points.
In addition, the amount of bets on the US election on the platform was close to $3 billion ($2,983,527,473).

The giant whale zxgngl again withdrew 2.75 million USDC from Binance today to bet on Trumps victory

According to Lookonchain monitoring, the whale zxgngl again withdrew 2.75 million USDC from Binance today to bet on Trumps victory. From October 11 to date, the whale has spent a total of 10.68 million USDC on Polymarket to bet on Trumps victory.

Analysis: Harriss chances of winning on Polymarket may rise as Trump traders hedge their positions

Polymarkets odds for Kamala Harris to win next weeks U.S. presidential election are rising, with Harriss odds up to nearly 39% from 33% on Oct. 30. Trumps odds have fallen in tandem, indicating lower expectations for his victory, though odds of 61% suggest he remains the preferred candidate. Marché watchers said the rise in Harriss stock price may reflect traders buying the stock to hedge their bets against Trump as some claim that reports of voting irregularities against him could move the market.

Nouvelles du projet

Paxos Partners with DBS Bank to Launch USDG, a USD-Backed Stablecoin

Paxos launches USDG, a stablecoin compliant with Singapore regulations, and works with DBS Bank to establish a USD reserve that complies with the Monetary Authority of Singapore framework. USDG complies with the upcoming stablecoin framework set by MAS in August 2023. As such, USDG is currently available on the Ethereum blockchain and will be launched on other blockchains as regulations evolve.

Stablecoin company Bridge acquires Web3 wallet platform Triangle

Stablecoin company Bridge has acquired Web3 wallet platform Triangle for an undisclosed amount. As part of the deal, the Triangle team will join Bridge to help it build a scalable stablecoin system.

Unichain to launch new validation network

Uniswap L2 Unichain announced on the X platform that it will launch a new verification network to further decentralize the chain by allowing nodes to verify blocks. This feature adds an additional finality layer and reduces the risk of conflicting blocks.

Personnage*Voix

dYdX founder: Current perps products are all the same, and we are reimagining the potential of DeFi+ leverage

Antonio Juliano, founder of dYdX, wrote on X: All perps (perpetual contracts) products are basically the same, and I am tired of it.
The market feels stagnant and zero-sum. We could compete and try to move users from CeFi perps to DeFi perps, but I now realize that this misses the point.
I believe it’s time to go back to basics and reimagine what kind of creativity DeFi + leverage might enable.
What is the purpose of leveraged trading? To increase the stakes. What is the purpose of decentralization? To put the power in your hands, not mine.
So what is the purpose of decentralized leveraged trading? It is to give users the power to make large bets.
What does this product look like? The vision is forming, but I’m looking forward to figuring this out with users.
My biggest bet is not to replicate what came before, but to reimagine it and empower users to make bigger bets.”

He Yi: AC deserves the respect of the community. Binances Launchpool and other airdrop rules for listed coins are transparent and clear.

He Yi, co-founder of Binance, posted on the X platform that if a project does not pass the screening process, no matter how much money or percentage of coins it has, it will not be listed on Binance.
-DYOR The projects that have been listed on Binance are clearly introduced in the token allocation column. Please analyze the percentages yourself to see if there is a so-called 20%, 15% or something like that.
– The airdrop rules on Binance’s Launchpool and other listed coins are transparent and clear, but it does not mean that any project willing to give airdrops can be listed on Binance.
-FUD will never disappear, but it makes us stronger. Gossip can easily gain traffic, and business competition is always full of dark sides; when you understand the rules of how the world works, you will no longer be easily swayed by rumors, and you will have the ability to think independently.
-People like AC who have the courage to speak the truth amid the noise are the ones that the community truly respects.

This article is sourced from the internet: Planet Daily｜Poll: Trump and Harris are evenly matched; the Federal Reserve may continue to cut interest rates by 25 basis points (November 4)

Related: GOAT increased 1,000 times in one week, and meme hype entered the era of human-machine resonance

Meme hype has entered the era of human-machine resonance. Todays meme column introduces an AI bot that was launched in June this year – Truth Terminal ( @truth_terminal ). It operates in semi-autonomous mode, and human administrators can approve its Twitter posts and decide who to interact with. What made it famous was that a16z founder Marc Andreessen gave it $50,000 worth of Bitcoin. Andy Ayrey, the founder of Truth Terminal, said that Truth Terminal is not a crypto project, but a study of the tail risks of meme contagion and unsupervised unlimited creativity in the era of [large language models]. As Truth Terminals speeches have more and more meme-spreading effects, many related hype targets have gradually appeared in the market. On July 12, Truth Terminal expressed some opinions about…