Bitwise Chief Investment Officer: Tether Poised to Surpass Saudi Aramco as the Most Profitable Company Ever
On September 30th, Matt Hougan, the Chief Investment Officer of Bitwise, pointed out in his latest research report that the leading stablecoin issuer Tether is expected to surpass Saudi Aramco's profit record in the future and become the most profitable company in history. Although there is market skepticism about Tether's pursuit of a $500 billion valuation, Hougan emphasized that when viewed in the context of the huge currency market that is accessible, this development trajectory seems reasonable.
Earlier this year, Tether CEO Paolo Ardoino claimed that the global user base of USDT has exceeded 400 million and is growing at a rate of 35 million wallets per quarter. The company is focusing on business development in developing countries while strengthening the status of the dollar. According to Treasury statistics, by the end of the second quarter, Tether held $127 billion in U.S. Treasury bonds and ranked among the top 20 U.S. debt holders. Its size is comparable to that of soverei
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Federal Reserve Vice Chair: The labor market would face potential pressure without Federal Reserve support
September 30th: The Federal Reserve Vice Chair, Jefferson, expressed his expectation that the U.S. economy would continue to grow at a rate of approximately 1.5% for the rest of the year. He cautioned that without the support of the Fed, the job market might encounter potential pressure.
He demonstrated his support for the 25-basis-point rate cut by the Fed at the September meeting in order to balance the ongoing risks of inflation exceeding the target and the growing threats to the job market. Jefferson stated, "The labor market is showing signs of softening, which implies that it could be under pressure in the absence of support."
He further indicated that he anticipates inflation to begin declining back to the Fed's 2% target level after this year. Jefferson pointed out that the impact of the Trump administration's trade, immigration, and other policies is still in a state of evolution, introducing a particularly high degree of uncertainty into his baseline projections. Although t
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XTTA Yield Halving to Start on September 30, Supply Contraction and Application Expansion Ensure Long-Term Ecosystem Value
September 30th. TrendX's mining power ecosystem token XTTA officially completed its first halving on September 30th. This indicates that in the upcoming year, the additional supply of XTTA will be reduced by 50% compared to the previous period.
TrendX officials stated that the demand for XTTA in the Owlverse ecosystem applications, mining power upgrades, Web3 AI physical robot Owlie, and future on-chain transaction fee deductions is continuously increasing. With a growing number of users participating in TrendX's mining network and on-chain transactions, the consumption and staking scale of XTTA is expected to further expand.
Industry insiders pointed out that this halving not only represents a contraction on the supply side but also adds to the growth expectations on the demand side. This is expected to prompt the accelerated formation of XTTA's scarcity and value loop, enabling XTTA to continue to play a core role in a wider range of applications.
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Chainlink Partners with UBS for Tokenized Fund Pilot
On September 30th, as reported by Coindesk, Chainlink recently announced the development of an innovative technical solution. This solution enables banks to interact with tokenized investment funds through the SWIFT network. The breakthrough, which is based on the SWIFT Interbank Message System (the core infrastructure of the traditional financial system), was validated in a pilot at UBS Group.
In UBS's testing environment, the Chainlink Runtime Environment (CRE) successfully processed ISO 20022 standard messages (the international financial communication standard used by SWIFT), enabling the execution of subscription and redemption operations for tokenized funds. According to the technical process disclosed by Chainlink to CoinDesk, when the CRE receives a SWIFT message, the blockchain workflow is directly triggered by UBS's existing system. Then, the Chainlink digital transfer agent executes the on-chain subscription or redemption instructions.
This solution allows financial instit
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The US Government Shutdown Looms, Key Economic Data Missing May Worsen Market Volatility
September 30th. According to BiyaPay analysts, in the event that the U.S. government shuts down after September 30th, it will result in a delay in the release of several crucial economic data, such as the non-farm payroll report scheduled for October 3rd by the Labor Department and the Consumer Price Index (CPI). Employment, inflation, and spending data are significant factors for the Federal Reserve to evaluate the economic situation and determine interest rate policies. Once these data are missing, market uncertainty will increase significantly.
Analysts pointed out that the absence of official data means that the Federal Reserve will face difficulties in assessing whether to further cut interest rates based on the "gold standard" data before the October interest rate meeting. This may lead to increased volatility in the financial market, with the U.S. dollar and risk asset prices under pressure. In this context, Bitcoin, as a risk asset and hedging tool, may experience high-pressur
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