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ChainCatcher news, according to The Block, Thumzup Media Corporation (stock code TZUP) announced on Thursday that it has purchased Dogecoin (DOGE) on the open market for the first time, acquiring approximately 7.5 million tokens at a weighted average price of $0.2665, with a total value of about $2 million. In addition, the company stated earlier this month that it plans to deploy 3,500 Dogecoin mining machines by the end of the year through its upcoming acquisition of mining company Dogehash, and to strengthen its leadership team. This week, DogeOS CEO and MyDoge head Jordan Jefferson, as well as DogeOS ecosystem director Alex Hoffman, were appointed to its cryptocurrency advisory board.

Jinse Finance reported that Federal Reserve Chairman Powell, during a press conference following Wednesday's interest rate decision, explained why the three mandates given to the Federal Reserve by Congress can, in practice, be summarized into two main tasks when responding to questions about the central bank's statutory requirement to achieve a "moderate long-term interest rate." For a long time, central bank officials have positioned their mission as a dual mandate, focusing monetary policy on maintaining low and stable inflation and ensuring a strong and sustained job market, with little emphasis on the third mandate. Powell told reporters that the third mandate does exist, but in the eyes of central bankers, it is a derivative of the two more widely recognized legal objectives. He said, "We believe that a moderate long-term interest rate is the result of achieving low and stable inflation and maximum employment." For some time, Federal Reserve officials have not considered the third mandate to require "independent action." (Golden Ten Data)