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According to ChainCatcher, citing a report from Golden Ten Data, Atlanta Federal Reserve President Bostic made it clear on Friday that a rate cut in December is not a foregone conclusion. He emphasized that each meeting involves on-the-spot decision-making, with no predetermined path, and that the principle of data dependency will not be abandoned. Although the market holds strong expectations for a rate cut by the end of the year, Federal Reserve Chairman Powell stated after this week's policy meeting that it is wise not to consider a December rate cut as a certainty. Bostic pointed out that the dot plot values indicate differing views, and decisions will depend on data to ensure appropriateness.

Jinse Finance reported that American fast-food chain Steak 'n Shake has announced the establishment of a strategic bitcoin reserve. All payments made with bitcoin will be deposited into its strategic bitcoin reserve. Over the next 12 months, Steak 'n Shake will donate 210 satoshis from the sales of each bitcoin meal to Open Sats Initiative, Inc.