1. Federal Reserve officials state that inflation is unlikely to meet targets before 2028, and policies need to remain tight
On September 29, Cleveland Fed President Beth Hammack stated that inflation may remain above the 2% target level until 2028, which is also her reason for opposing interest rate cuts. She noted that the Federal Reserve has not met its inflation target for four consecutive years, and inflation will remain under pressure in the next one to two years, particularly in the services sector. Hammack emphasized that current policy needs to maintain a restrictive stance to address ongoing inflationary pressures. - Original text
2. The U.S. SEC and CFTC held their first joint roundtable meeting, emphasizing coordination in cryptocurrency regulation
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will hold a joint roundtable today (September 29) at 1 PM at the SEC headquarters, marking the first time in 14 years that the two agencies have jointly hosted such an event. This is the first joint initiative launched by the sister agencies in 14 years to coordinate a regulatory framework for shared priorities such as cryptocurrencies and prediction markets. The last joint roundtable was held on August 1, 2011, focusing on cross-border issues in swap regulation. Furthermore, this is the first time leaders from major Wall Street exchanges have sat down with their digital counterparts to discuss market operations together. For an industry that has long been viewed as marginal, this is a stunning shift and a clear signal that cryptocurrencies now have a place in the broader financial system. -Original
3. Wisconsin in the United States has introduced a bill to exempt cryptocurrency activities from the currency transmission license requirement.
On September 30, news came that Wisconsin in the United States has introduced bill AB471, aimed at exempting individuals and businesses from obtaining a currency transmission license for activities such as receiving payments, using self-custody wallets, running nodes, developing software, and staking. -Original
4. BlackRock's IBIT becomes the world's largest Bitcoin options trading platform.
On September 30, Bloomberg reported that BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Deribit to become the world's largest Bitcoin options trading venue. After the contract expired last Friday, the scale of outstanding options related to IBIT reached 38 billion US dollars, exceeding Deribit's 32 billion US dollars. Deribit has long dominated the market since its establishment in 2016, and this change marks a shift in the focus of digital asset trading towards Wall Street. -Original
5. Citibank's blockchain platform integrates the US dollar clearing system to provide round-the-clock cross-border payments.
Citibank announced the integration of its blockchain platform Citi Token Services with the USD Clearing system, aiming to provide interbank real-time cross-border payment services for institutional clients in the United States and the United Kingdom. This initiative will leverage blockchain technology to enhance payment efficiency, support 24/7 real-time transactions, and further optimize cross-border capital flows. -Original
6. A giant whale transferred 2011 BTC to a new wallet, possibly indicating further actions.
According to Onchain Lens monitoring, Druk Holdings, owned by the Bhutanese government, transferred 2011.23 Bitcoin to a new wallet, valued at approximately 230 million US dollars at current prices. Analysts believe that this fund may have further actions. -Original
7. The Worldcoin team transferred 20.66 million WLD to Kraken.
According to monitoring data, the Worldcoin team wallet has transferred 20.66 million WLD back to Kraken exchange after a week's pause, valued at approximately 27.07 million US dollars. -Original
8. Maple Finance collaborates with Elwood to provide on-chain crypto lending support for institutions.
Crypto lending platform Maple Finance announced a partnership with fintech company Elwood Technologies to support large financial institutions in entering the digital asset lending market. This collaboration will integrate Maple's on-chain lending and asset management platform with Elwood's trading execution, portfolio management, and risk analysis tools to address the infrastructure and operational challenges faced by traditional institutions in the crypto space. Maple focuses on structured lending products and yield strategies based on public chains, while Elwood provides connections and data analysis services for global exchanges, custodians, and fund managers with the support of hedge fund manager Alan Howard. -Original
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