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Individual investors are participating in this game through emerging prediction markets such as Kalshi and Polymarket.
After the "Genius Act" was passed in the United States, stablecoin payment volumes surged, with August transactions exceeding 10 billion USD. Nearly two-thirds of this amount came from inter-company transfers, making it the main driving force.
In Brief BlackRock transfers $500 million to Polygon, enhancing blockchain integration in finance. The move shows increased trust in blockchain-based financial structures. It indicates a trend towards decentralization and long-term structural change in finance.
Discover the top crypto to buy in 2025 as BlockDAG outperforms Chainlink, Avalanche, and Cardano with live 15,000 TPS power and massive presale potential!1. BlockDAG: $430M Presale Raise Proves Real Demand!2. Chainlink: Oracle Power Meets Market Rebound3. Avalanche: Technical Setup with Breakout Potential4. Cardano: Consistent Development Despite Market DipWhich Is The Top Crypto to Buy Now?
Senator Tillis says crypto legislation must pass by early 2025 before election season blocks progress.Why Crypto Regulation Can’t WaitWhat’s Next for the Crypto Industry?
Brian Armstrong says crypto and stablecoins are key to upgrading the global financial system.Stablecoins as the Bridge to a New SystemThe Path Forward
- 08:35The Fed's balance sheet reduction is nearing its end, with signs of stress emerging in the money marketBlockBeats News, October 28 — The Federal Reserve is expected to end its three-year quantitative tightening phase this week, easing pressure on banks amid concerns over excessively tight funding in the money markets. Earlier this month, some bank lenders tapped the Federal Reserve's backstop funding facility, reaching levels seen during the pandemic. Policymakers will discuss this on Tuesday. Since launching the quantitative tightening program in June 2022, the Federal Reserve has allowed over $2 trillion worth of U.S. Treasuries and mortgage-backed securities to roll off its balance sheet, resulting in tighter financing conditions. Krishna Guha, Vice Chairman of Evercore ISI, stated: "The market has basically reached a consensus that the Federal Reserve will end quantitative tightening this month." Richard Clarida, current Director at Pacific Investment Management Company (PIMCO) and former Vice Chairman of the Federal Reserve, pointed out: "This will be a very close decision. But even without a formal resolution, we will receive a strong signal that the Federal Reserve will end quantitative tightening in December." (Golden Ten Data)
- 08:34Football.Fun founder: Rugby prediction app to launch in November, followed by the release of the FUN tokenBlockBeats News, October 28, according to Adam, founder of the sports prediction application Football.Fun on the Base chain, in a podcast interview, a rugby prediction application will be launched in November, followed by the launch of the token FUN. Adam also stated that FUN will be a buyback and yield token, similar to Hyperliquid.
- 08:33Barclays: The Federal Reserve is expected to cut interest rates by 0.25% this week and may signal an end to its balance sheet reduction plan before December.BlockBeats News, October 28, according to Bloomberg Terminal, Barclays expects the Federal Reserve to cut interest rates by 0.25% this week, but there may be disagreements among Fed officials. Miran may advocate for further rate cuts, while others may prefer to keep rates unchanged. In addition, the Federal Reserve may also signal that it will end its balance sheet reduction plan before December.