This week’s focus:
1. At 11:00 on October 18 (UTC+8), the Ethereum Foundation held a conference call for EOF implementers
2. On October 19, the Federal Reserve released the Beige Book of Economic Conditions.
Stablecoin situation:
1.Tether (USDT) 24-hour change volume is 0.18%, and 7-day change volume is 0.22%
2. USD Coin (USDC) 24-hour change 0.12%, 7-day change -0.43%
3. Dai (DAI) 24-hour change 0.19%, 7-day change -0.38%
4.TrueUSD (TUSD) 24-hour change volume 0.09, 7-day change volume -1.58%
5.Binance USD (BUSD) 24-hour change volume -0.09%, 7-day change volume -1.80%
External US stock situation:
The Dow Jones Industrial Average closed up 0.04% at 33,997.65 points;
The Nasdaq closed down 0.25% at 13533.75 points;
The S&P 500 closed down 0.01% at 4,373.20 points.
Fed Inflation Deflation:
On September 21, the Federal Reserve kept the benchmark interest rate unchanged at 5.25%-5.50%, in line with market expectations. According to the Federal Reserve FOMC statement, 12 officials expected one more rate hike this year, and 7 officials expected it to remain unchanged.
Federal Reserve Chairman Powell said at the monetary policy press conference that he is firmly committed to reducing the inflation rate to 2% and will further raise interest rates if appropriate.
Fed's Barkin: Tends to keep interest rates unchanged
Weekly token unlocks:
Axie Infinity (AXS) unlocked 15.13 million tokens at 21:10 on October 20, worth $65.04 million, accounting for 11.50% of the circulating supply
SPACE ID (ID) unlocked 18.49 million tokens at 08:00 on October 22, worth $3.46 million, accounting for 6.46% of the circulating supply
Cartesi (CTSI) unlocked 21.43 million tokens at 12:00 on October 23, worth $2.79 million, accounting for 2.91% of the circulating supply
Halving of major currencies:
BCH Halving: 2024-04-08
BSV halving: 2024-04-12
BTC halving: 2024-04-25
ETC production reduction: 2024-08-29
ZEC Halving: 2024-11-19
