Binance will adjust the minimum price movement unit for BAS and CLO contracts

On October 16th, the Beige Book of the Federal Reserve reinforced the expectations of further interest rate cuts, resulting in a decline in the US dollar. The report showed that economic growth had decelerated, the labor market remained sluggish, and input prices had increased. Analysts at Evercore ISI stated in a report that the signal regarding tariff pass-through was inconsistent. Some companies reported no change in selling prices, while others reported a rise in import costs. Overall, the Beige Book "reiterated an economic outlook that has shown little change since the September Fed meeting." They suggested that this implies that the Fed may cut interest rates by 25 basis points later this month and could cut further in December. (FXStreet)

On October 16th, according to official information, Kraken announced today that it has purchased the Small Exchange from IG Group for $100 million. The Small Exchange is a designated contract market (DCM) regulated by the U.S. Commodity Futures Trading Commission (CFTC). This action paves the way for Kraken to launch a fully U.S.-based derivatives product suite and establish a deep and mature onshore trading venue in the world's largest capital market. Through this acquisition, Kraken will further pursue its mission of building a unified high-performance trading environment. Obtaining DCM status enables Kraken to design and create a derivatives market listed on a U.S. trading platform under the supervision of the CFTC.

On October 16th, based on Coinglass data, the current mainstream CEX and DEX funding rates indicate that after several days of low-level oscillation, the current bearish trend in the market has intensified, with a greater number of trading pairs having negative rates. The specific funding rates are presented in the following chart. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it generally indicates a bullish market. When the funding rate is less than 0.005%, it generally indica

On October 16th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale address that has been heavily accumulating Chinese Meme tokens is currently facing a total unrealized loss of $3.167 million. After holding the position for eight days, the total investment of this address, which was $5.601 million, has now shrunk by 56.5%. Among this amount, the unrealized loss on "Binance Life" is $2.32 million, while Hakimi is the only asset with unrealized gains.

October 16, 2025 - The Velo Global Tech Awards Gala (Singapore Edition) came to a successful conclusion on October 14 at the Marina Bay Sands International Convention Center in Singapore. This event was co-organized by Veloza, Nexus 2140, and ME. It was presented with pride by APG and OWAA, and received support from Moore Labs, Nonfungible, ODAILY, BlockBeat, and ChainCatcher. The conference, with the theme "Empowering the Real Economy, Driving the Digital Future", focused on cutting-edge topics such as Web3 and AI, and participants from different countries shared their insights. As the title sponsor of this summit, APG (Advanced Privacy Global) made a significant announcement during the event by launching the APG Global Initiative, which received high praise from expert attendees and institutional representatives. This event has become a bridge connecting technological innovation and digital finance between the East and the West, establishing the Velo Global Tech Awards Gala as a g