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Federal Reserve's Daly: Further Rate Cuts May Be Needed

3 hours ago

On September 25th, San Francisco Fed President Daly stated on Wednesday that she "wholeheartedly supports" the Fed's rate cut decision from last week and suggested that further rate cuts might be required in the future. Regarding the Fed's rate cut last week, Daly said: "Economic growth, consumer spending, and the labor market have all decelerated, while inflation has remained below expectations, mainly concentrated in industries directly impacted by tariffs. The economic risks have shifted, and it is the appropriate time to take measures. Looking ahead, additional policy adjustments may be necessary to support the labor market while achieving price stability." However, she also pointed out that the Fed's projections are not commitments, and its objective still remains to maintain maximum employment and price stability. Daly had previously indicated that two 25-basis-point rate cuts this year were a reasonable expectation, and on Wednesday, she did not modify this view. (FXStreet)
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The abnormal minting GAIN address ceased dumping half an hour ago, causing the GAIN price to surge by 400% from its lowest point.

On September 25th, based on BscScan data, the address that minted an abnormal amount of 4.854 billion GAIN tokens (accounting for 91.61% of the total supply) ceased transferring GAIN to the PancakeSwap V3 pool half an hour ago and started to dump the price. Currently, GAIN is trading at $0.025, which is a 400% recovery from the low of $0.005 but still down 84% from the price prior to the incident.

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The Galaxy Digital affiliated address has once again withdrawn 4 million ASTER from Gate, now holding tokens worth $114 million, equivalent to 3% of the circulating supply.

On September 25th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), an affiliated address of Galaxy Digital withdrew another 4 million ASTER tokens (valued at approximately $9.2 million) from Gate Exchange 6 hours ago. The total holding of ASTER tokens has now reached 50 million, which is equivalent to 3% of the circulating supply of ASTER and has a value of $114 million.

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The U.S. SEC and CFTC will jointly host a roundtable next Monday to coordinate crypto regulatory policies.

On September 25th, several executives of cryptocurrency companies are scheduled to attend a roundtable in the coming week to deliberate on the "regulatory coordination efforts" of the two major U.S. financial regulatory agencies. The U.S. Securities and Exchange Commission (SEC) issued a notice on Wednesday indicating that it will jointly host a roundtable with the Commodity Futures Trading Commission (CFTC) on Monday to coordinate financial regulatory policies, encompassing cryptocurrencies. Representatives from cryptocurrency exchanges such as Kraken and Crypto.com, as well as prediction market platforms like Kalshi and Polymarket, will take part in the panel discussions. In the context of this roundtable, members of Congress are currently in the process of considering legislation to establish a U.S. digital asset market structure, which has the potential to clarify the roles of the SEC and CFTC in cryptocurrency regulation. Although the House of Representatives passed a version of t

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A whale address has deposited 6 million U into Hyperliquid to buy HYPE.

On September 25th, as monitored by Onchain Lens, a whale address transferred 6 million USDC into Hyperliquid for the purpose of buying HYPE. Currently, this address holds 285,466 HYPE, which is approximately worth $12.99 million. It has an unrealized gain of $7.16 million. Additionally, it still retains 2.06 million USDC for further purchases.

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Binance Alpha's new coin GAIN went to zero on its first day of trading, with an abnormal additional issuance of approximately 5 billion tokens flooding the market.

On September 25th, it was reported that Griffin AI (GAIN), a new coin launched on Binance Alpha the previous day, began a one-way downward trend at 7:27 AM Beijing time today. Within less than 1 hour, the price dropped by more than 95% and hit a low of $0.005. The current price is $0.00758, and the market value on BSC is only $2.58 million. According to BscScan data, the originally planned total supply of 1 billion GAIN tokens with a circulating supply of 235 million has now been inflated to 5.29 billion. The largest holder owns 4.854 billion GAIN, accounting for 91.61% of the total supply, and has been continuously transferring tokens to the PancakeSwap V3 pool address (currently paused at the time of writing). At present, no official statement has been issued regarding this situation.

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A whale address has once again withdrawn 26 million ASTER from Gate, bringing its total holdings to 50 million ASTER.

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