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U.S. President Trump has approved the demolition of the White House East Wing to build a large banquet hall funded by private donors, including Trump himself and several companies from the technology, defense, and crypto industries. This move has sparked controversy and criticism for allegedly using power to raise funds. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The Federal Reserve has cut interest rates by another 25 basis points and announced the end of quantitative tightening in December. During the press conference, Powell emphasized the necessity of "slowing the pace of rate cuts," prompting the market to quickly adjust its expectations and causing risk assets to decline across the board.
This amount is nearly twice the maximum SPAC Fairshake invested in 2024, and slightly exceeds the total spending of the entire oil and gas industry in the previous election cycle.
- 00:30The "whale" with 14 consecutive large position wins goes long on BTC and ETH again after Powell's speech triggers a market downturn.According to ChainCatcher, on-chain analyst Yujin monitored that the "whale who has opened 14 large positions with all wins," who previously closed long positions in BTC and ETH and only held a large amount of SOL, has once again bottom-fished and opened long positions in BTC and ETH after Powell's speech at 2:30 a.m. triggered a market downturn. Yesterday at midnight, the whale closed BTC longs at a price of $112,846, and today reopened BTC longs worth $113 million at a price of $110,123. Yesterday afternoon, the whale closed ETH longs at $4,000, and today reopened ETH longs worth $52.3 million at a price of $3,889. The underwater SOL position has been held throughout and has even been increased to a position worth $108 million.
- 2025/10/29 23:50Fight Fight Fight LLC plans to acquire Republic's US business to promote the use of tokens for startup fundraisingOn October 30, it was reported that Fight Fight Fight LLC, the issuer of the Trump co-branded memecoin, is in talks to acquire the U.S. operations of the crowdfunding platform Republic. If the deal is completed, the token may receive further promotion in startup fundraising and payment applications. Republic has supported multiple fundraising deals, offers real-world asset (RWA) tokenization services, and allows participation from both accredited investors and retail investors. Its investors include Galaxy Digital and the venture capital arm of a certain exchange.
- 2025/10/29 23:41Fidelity submits S-1 update for its SOL ETFAccording to ChainCatcher, as reported by crypto journalist Eleanor Terrett, Fidelity has just submitted an updated S-1 for its SOL ETF, removing the "delaying amendment" that prevented automatic registration from taking effect and granting the SEC control over the timing. This modification follows the example set by the already-listed Bitwise SOL ETF.