UXLINK perpetual contract on Binance drops 45% in less than 4 hours

On September 24th, Falcon Finance officially announced on social media that the contribution window for the public sale of Falcon Finance (FF) has been officially closed. The amount committed in this public sale on Buidlpad exceeded $112 million, with an oversubscription of 28 times, setting a record for the highest oversubscription multiple in the history of Buidlpad.

On September 24th, the White House is giving consideration to nominating Josh Sterling as the Chairman of the CFTC. Josh Sterling had previously held the position of the Director of the Market Participants Division at the U.S. Commodity Futures Trading Commission (CFTC). The CFTC is responsible for regulating entities registered in the U.S. derivatives markets, such as banks, intermediaries, asset management companies, etc. It also oversees whether these entities comply with reporting rules, registration requirements, transactional compliance, etc. He was also involved in the CFTC's rulemaking efforts under the Dodd-Frank Act and advanced some landmark enforcement actions. Currently, Sterling serves as a partner at Milbank law firm, concentrating on regulatory and enforcement matters in the fields of derivatives, financial market infrastructure, and cryptocurrency.

On September 24th, Federal Reserve Chairman Powell declared that the latest Fed Beige Book indicates that the national economy is witnessing a uniform and moderate expansion, yet uncertainty persists. During this summer, the labor market has exhibited a certain degree of deceleration. Employment and inflation risks call for different responses, and the Fed is required to achieve a balance. Placing emphasis on maintaining moderate inflation is necessary to achieve a more balanced approach. Prior to the next interest rate decision, attention will be directed towards the labor market, growth data, and inflation data to evaluate whether the policy is appropriate. (FXStreet)

On September 24th, Federal Reserve Chair Powell said that currently it is not a time of heightened financial stability risk. If the policy is not in the correct position, actions will be taken to adjust it. "The Fed is concentrating on the financial markets, but our focus is on our dual mandate." Currently, banks have sufficient capital, and households are in a good condition. (FX678)

On September 24th, Federal Reserve Chairman Powell said that stock market valuations are rather high and that some asset prices have gone up beyond historical levels. (Forex)

On September 24th, Federal Reserve Chair Powell stated that the current job growth seems to be too feeble to maintain a stable unemployment rate. If the policy is overly tight, it may unnecessarily have an impact on the labor market. Tariff-induced price pressures may be "temporary" and will not occur "all at once." After the rate cut in September, the Federal Reserve is currently in a "favorable position." (FXStreet)