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Federal Reserve Governor Bowman: Not Concerned About Asset Price Bubble When Pushing for Rate Cut

11 hours ago

On October 16th, Federal Reserve Governor Milan declared that when advocating for interest rate cuts, they do not center their attention on asset price bubbles. (Xinhua Finance)
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The U.S. real estate investment company Cardone Capital has disclosed acquiring an additional 200 BTC.

On October 17th, Grant Cardone, who is the CEO of the U.S. real estate investment company Cardone Capital, declared that after purchasing 300 BTC last week, the company has once more augmented its holdings by 200 BTC.

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JPMorgan Wealth Management CEO: Expected to Launch Cryptocurrency Spot Trading Service in First Half of 2026

On October 17th, as reported by Bloomberg, Rick Wurster, the CEO of JPMorgan Chase Wealth Management, stated in a Thursday call with analysts that the company is continuously attracting young customers in the midst of competition from native digital investment firms such as Robinhood. He also brought up that JPMorgan Chase Wealth Management is anticipated to launch a cryptocurrency spot trading service during the first half of 2026. He said, "I view the cryptocurrency business as adding to our growth. Even without it, we have already won over these customers."

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Federal Reserve Kashkari: The Economic Slowdown May Be More Severe Than Anticipated

On October 17th, the Federal Reserve's Kashkari stated that the risk of an unexpected decline in the labor market is greater than the risk of a slight pick-up in inflation. It may be considered that the economic slowdown is more severe than it actually is. (Xinhua News Agency)

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A whale has opened a $100 million ETH short position with 25x leverage, currently sitting on a $638,000 unrealized gain.

On October 17th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0x0b5...1C2D5 has established a $100 million short position in ETH with a leverage of 25 times within the past 10 hours. Currently, it has an unrealized profit of $638,000. In addition, this address has also opened a short position on SOL and a long position on ENA. The overall unrealized profit is $804,000. The specific position details are as follows: · ETH 25x Short: Position $100 million (25,887.39 ETH), Entry Price $3,926.95 · SOL 20x Short: Position $5.71 million (30,806.13 SOL), Entry Price $186.256 · ENA 10x Long: Position $580,000 (1.44 million ENA), Entry Price $0.4

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Tether Faces $44.7 Million Stablecoin Freezing Lawsuit, Plaintiff Claims Missed Investment Opportunity Due to Non-Compliant Freezing Action

On October 17th, as reported by dlnews, in April of this year, the stablecoin issuer Tether complied with a request from the Bulgarian police and froze 44.7 million USDT. Now, the Texas-based company Riverstone Advisory has officially filed a lawsuit, alleging that Tether unlawfully froze its tokens, resulting in it missing out on a significant investment opportunity. According to the complaint filed with the court in the Southern District of New York, on April 4th, Tether froze assets from 8 offline wallets controlled by Riverstone. The company claims that Tether froze the assets solely based on a request from a local Bulgarian police station, which the company alleges was "procedurally flawed" and did not follow the formal process of exchanging record information through central authorities and diplomatic channels as stipulated in the "Bulgarian International Judicial Assistance Treaty." The complaint states that when Riverstone contacted Tether, they were told to communicate direct

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Trump to Host Fundraising Dinner for $250 Million White House Expansion Plan, All Crypto Executives to Attend

October 17th. As per the report from financefeeds, President Trump hosted a fundraising dinner at the White House for a $250 million banquet hall construction plan. The attendees comprised executives from crypto companies like Gemini, Coinbase, and Ripple. As revealed by The Wall Street Journal, this dinner, which took place on the 15th day of the government shutdown, was intended to raise funds for the expansion project of the approximately 9,000 square meters White House. The project was first proposed by Trump in July. In addition to the Gemini founders and the Winklevoss brothers, representatives from Coinbase and Ripple were also present. Moreover, attendees included tech and defense giants such as Meta, Google, Amazon, Lockheed Martin, and Microsoft.

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