Powell: The Current Period Is Not One of Increased Financial Stability Risk

On September 24th, CZ clarified in a social media post by stating, "The Financial Times published completely fabricated news that was filled with incorrect and made-up information along with a negative narrative. As far as I know: · YZiLabs did not raise any external funds. · There was no demo at all. Were they supposed to show a demo? What kind of nonsense is this? · YZiLabs has never had any roadshow materials and didn't even prepare any. · Since the rebranding, YZiLabs has not sought any external investors. There were no requests and no discussions. · There was no demo, and there was no communication with Paul Atkins, the chairman of YZiLabs, or with me. I have a great deal of respect for Chairman Atkins based solely on the publicly available information I have seen. YZiLabs operates independently. Contrary to what the FT claimed, YZiLabs did not 'spin off' from Binance. I admit to having violated the Bank Secrecy Act (BSA) once by failing to maintain an adequate Anti-Money Launde

On September 24th, based on HTX market data, Bitcoin briefly fell below $112,000, experiencing a 0.37% decrease in the past 24 hours.

Since the launch of @SunPerp_DEX, the on-chain transfer volume of the $SUN token has skyrocketed. In particular, after #Upbit listed $SUN, the on-chain transfer volume reached 9.27B $SUN($297M) yesterday.

September 24th: Federal Reserve Chairman Powell declared that the Federal Reserve never takes political factors into account. Many people don't trust us. Many people claim that we are politically motivated. This is completely unfounded. Our decisions will "never be based on political factors" (Xinhua News). Previously, U.S. President Trump had continuously pressured Powell and the Federal Reserve to compel a rate cut.

On September 24th, Federal Reserve Chairman Powell declared that the United States is currently obtaining a substantial amount of revenue from tariffs. The process by which tariffs are passed on to consumers has been delayed and less prominent than anticipated. It seems that U.S. importers, rather than consumers, are shouldering the majority of the tariffs. The influence of tariffs on consumer inflation is "not a significant factor," and it is expected that tariffs will have a one-time passing-on effect that will come to an end by the end of next year. Ensuring that tariffs do not give rise to long-term inflation "is our obligation." Both goals must be given equal importance. While the labor market and inflation tend to be more in balance, there still exist downside risks to the labor market. (Xinhua)

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.