U.S. Treasury Secretary: Will Recommend 3-4 Federal Reserve Chair Candidates to Trump for Interview After Thanksgiving

October 17th. Four.meme officially made an announcement regarding a brand upgrade and entered the era of an open Meme ecosystem. Four.Meme is in the process of transitioning from a single platform to an open ecosystem protocol and is launching two new modes: · Free Mode: Users are able to freely create and publish on Four.Meme. · Fair Mode: Evolved from Meme Rush, it is now live on Binance Wallet and Trust Wallet and supports whitelisted participation. The aim is to encourage a greater number of users to participate, restrict a few users from obtaining transaction advantages through technical means, and create a more equitable trading environment. The next step will be to open whitelist partnerships in order to jointly build the most vibrant Meme ecosystem on the BNB Chain.

On October 16th, as per the monitoring of LookOnChain, the "buddy" account's long position in ETH was liquidated once again, and the account balance was only $32,800. Previously having made a profit of $43.64 million, the account has now turned into a loss of more than $13 million.

On October 16th, U.S. President Trump said: "The dialogue with Putin is in progress and it is a long one. I will provide a report on the content at the end of the meeting, and Putin will do the same." (Kx)

On October 16th, according to HTX market data, Ethereum dropped below $3,900, with a 24-hour decline of 2.02%.

On October 16th, as per CoinDesk, the accounting firm KPMG pointed out in a report that stablecoins are emerging as one of the most prominent use cases in recent cross-border payment transformations. Stablecoins have the ability to shorten cross-border settlement times from days to mere seconds and reduce transaction costs by up to 99%. At present, banks handle approximately $150 trillion in funds annually through slow and costly correspondent banking networks, which tie up a substantial amount of funds in nostro and vostro accounts. The report highlights that pioneers such as JPMorgan and PayPal have demonstrated an increasingly growing demand for blockchain-based payment channels.

October 16th. A multitude of credit card transactions and data from the private sector suggest that U.S. consumer demand decelerated last month. After examining high-frequency expenditure data encompassing credit card lending and same-store sales, economists remarked that consumers are beginning to restrain their spending against the backdrop of a robust 4.1% annualized growth in retail activity during the previous three months. Shruti Mishra, an economist at Bank of America, pointed out, "When looking at the period from June to August, there is a monthly slowdown in spending, and one will not observe the same growth rate as before." Data from the analytics platform Second Measure regarding credit and debit card transactions revealed that last month consumers' willingness to purchase non-essential items such as furniture, electronics, and appliances waned. Credit card data from Bank of America also indicated a cooling of demand. Economists at Barclays Bank stated that, based on a mode