US Core CPI Comes in Below Expectations
The US core CPI for September was announced at 0.2% monthly and 3% annually; these rates fell below market expectations of 0.3% and 3.1%, respectively. While these figures indicate that inflation is gradually cooling, they have strengthened the likelihood of a Fed interest rate cut.
Trump: “Thanks to Tariffs, the Stock Market is Stronger Than Ever”
US President Trump said that tariffs have revitalized the country’s economy and pushed the stock market to record levels. Trump said, “America is now strong, rich, and secure again; the reason for this is tariffs.”
White House Ball to be Funded by Crypto Companies
According to The Verge, Trump is demolishing the east wing of the White House to build a new $300 million ballroom. In addition to giants like Amazon, Apple, Meta, and Google, Ripple, Tether, Coinbase, and the Winklevoss twins have also donated to the project.
JPMorgan to Accept BTC and ETH Collateral for Corporate Loans
According to Bloomberg, JPMorgan Chase will allow its corporate clients to use Bitcoin and Ethereum as collateral for loans by the end of the year. The program will be administered through a third-party custodian and will be implemented globally.
Bank of America: Gold Investment Hits Record High
Bank of America reported $50 billion in inflows into gold funds over the past four months. This amount broke the record, surpassing the total inflows over the past 14 years.
USDC Treasury Burns 71.8 Million USDC on Ethereum
According to Whale Alert, USDC Treasury burned 71.8 million USDC worth approximately $71.8 million on the Ethereum chain. This transaction was carried out as part of stablecoin supply management.
CZ Denies Allegations That Binance Transferred Profits to the Trump Family
CZ dismissed as “completely baseless” allegations that Binance transferred profits from its stablecoin investments to the Trump family. The rumor was based on claims that WLFI stablecoin deposits generated up to $50 million in annual interest payments.
US Senate Criticizes CZ Pardon Across Party Lines
According to AXIOS, Democrats in the Senate are preparing to condemn Trump’s pardon of Binance founder Zhao Changpeng. Some Republicans have also reacted to the decision, creating a rare bipartisan opposition effort.
Vanadi Coffee Continues Bitcoin Purchases
Spanish publicly traded company Vanadi Coffee increased its total holdings to 113 BTC by purchasing two new Bitcoins. The company continues to steadily expand its Bitcoin reserve policy.
AlphaTON Capital Appoints New CFO
NASDAQ-listed TON treasury company AlphaTON Capital has appointed Wes Levitt as its chief financial officer. Levitt will be responsible for restructuring the company’s financial strategies.
Solidity Splits into Classic and Core
Ethereum’s programming language Solidity will be split into two separate development branches: Classic Solidity and Core Solidity. While the Classic version will maintain stability, the Core version will focus on innovative features and performance improvements.
CME XRP Futures Reach $26.9 Billion Volume
CME Group’s XRP futures products have reached a total nominal volume of $26.9 billion in five months. This is seen as a strong indicator of institutional investors’ growing interest in XRP.
