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1Bitget Daily Report (October 29)|Fed to Announce Rate Decision; Market Expects 25bp Cut; Visa Adds Multi-Chain Stablecoin Payments; Western Union to Launch Stablecoin on Solana2ARB/USDT Surges Amid Arbitrum Liquidity Influx and Rising On-Chain Trading Activity3DASH Rises Above $40–$42 Support, Eyes $60–$65 Breakout Momentum
Flash
- 07:36The Federal Reserve is expected to cut interest rates by 25 basis points amid data gaps.According to ChainCatcher, citing Golden Ten Data, the Federal Reserve is expected to lower its key interest rate by 25 basis points in the event of a government shutdown and the unavailability of official data. Mabrouk Chetouane, Global Market Strategy Director at Natixis IM Solutions, stated in a report that Federal Reserve Chairman Powell must carefully manage the impact of monetary policy on the economic cycle amid multiple shocks, but only some of his "navigation instruments" are still functioning.
- 07:364 million XRP have been locked in an escrow account of an unknown walletAccording to Jinse Finance, Whale Alert has monitored that 4 million XRP (valued at 10.52158 million USD) have been locked in an escrow account of an unknown wallet.
- 07:30Spot gold surged $20 in the short term, now quoted at $3992.21 per ounce.Jinse Finance reported that spot gold surged by $20 in the short term, with an intraday increase of 1.00%, currently quoted at $3992.21 per ounce. (Golden Ten Data)