Analyst: Powell Maintains Tone, Prepares Market for Rate Cut
On October 15th, Peter Cardillo, the chief market economist at Spartan Capital Securities, stated, "I don't believe that Powell has altered his stance. On one side, he claims that the economic foundation is firm, but at the same time, he also points out the weaknesses. What he is attempting to do is to prepare the market for a series of rate cuts, but not necessarily in a sequential manner. His words suggest that he will cut rates by 25 basis points by the end of this month, and then the Fed will assess the situation. If the labor market continues to weaken, resulting in job losses, then he may be preparing for a substantial 50 basis points rate cut in December. He is getting the market ready for rate cuts, but he also doesn't want the market to think that rate cuts are a certainty. He is using the weakness in the labor market as a form of insurance." (FX678)
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The "Insider Whale" has fully closed its $500 million Bitcoin short position
On October 15th, according to MLM Monitor, the "Insider Whale" has successfully closed its $500 million Bitcoin short position on Hyperliquid within the past two hours. Since the market crash on October 10th, it has achieved a total profit of approximately $5 million.
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Binance Denies Allegations of Charging Listing Fees and Dumping Tokens
October 15th, Binance put out a statement indicating that on October 14th, 2025, CJ made a post on the X platform which contained false and slanderous accusations against Binance. These contents are evidently aimed at misleading the community and attacking the fairness of Binance's listing process.
1. Binance doesn't make a profit from the listing process; the token allocation is for the benefit of Binance users.
Binance doesn't charge a listing fee; the requested collateral is to safeguard user safety. This mechanism ensures that the project can keep operating after listing. The collateral is usually refundable within 1 to 2 years according to specific conditions. CJ's accusations are inconsistent with the so-called "Binance Proposal Terms" that he himself disclosed.
2. The accusations about Binance and its founder selling tokens are also completely untrue and baseless.
3. CJ's unauthorized and illegal public disclosure of confidential communications between him and Binance is asto
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Powell Hints at Further Rate Cut Support as U.S. Job Market Cools
On October 15th, as per the report in the Financial Times, Federal Reserve Chairman Powell gave a warning on Tuesday. He stated that the US labor market is presenting more indications of distress, hinting that he might be prepared to back another rate cut later this month. Powell pointed out, "The downside risks to employment have grown." This is the most emphatic indication thus far that Fed officials believe they have sufficient evidence to support another 25-basis-point cut in the US borrowing cost.
Powell further added that even without the new data from the Labor Department (which was postponed due to the government shutdown), privately generated labor market indicators and internal Fed research offer adequate grounds to believe that the job market is cooling off.
"The existing evidence" indicates that "layoffs and hiring remain at low levels," while "households' perspectives on job opportunities and businesses' views on recruitment difficulties continue to decline." Thes
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After Powell's Speech, some reporters speculated that he may have already had access to the U.S. September Jobs Report
On October 15th, Steve Liesman, a CNBC reporter, made a thought-provoking comment after Fed Chair Powell attended the virtual conference of the Business Council. During the Q&A session, he heard an interesting question. Since the September jobs report came out, all he could say was that there were some rumors circulating in the hallway, all asking, "Did Powell receive the jobs report? Did the Fed get the report?"
We don't know for sure as Powell himself did not disclose. But we can't help but feel that he probably—most likely—has it. Adam Button, an analyst from the U.S. financial website investinglive, also noted that Powell's remarks seem to hint at the content of the report. Data since the July meeting shows a significant softening in the labor market; the balance of job growth has fallen significantly; and there are clear downside risks in the labor market. Adam Button speculates that based on these statements, the report may be quite bad. (FXStreet)
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