This week’s focus:

On October 24, the U.S. House Financial Services Committee held a hearing on the SEC

On October 24, about 100 million DOTs locked in the first batch of Polkadot Crowdloan will be unlocked

On October 24, Hong Kong licensed crypto exchange HashKey Exchange launched USDT/HKD trading pair

At 15:00 (UTC+8) on October 24, Binance will perform wallet maintenance on the Ethereum network (ERC20), which is expected to take 2 hours.

On October 26, the U.S. House of Representatives may hold a hearing to discuss the role of cryptocurrencies in terrorist financing

On October 26, Bloomberg TV will launch the SBF documentary

Stablecoin situation:

1. Tether (USDT) 24-hour change 0.01%, 7-day change 0.77%

2. USD Coin (USDC) 24-hour change 0.39%, 7-day change 1.48%

3. Dai (DAI) 24-hour change 0.16%, 7-day change 1.46%

4. TrueUSD (TUSD) 24-hour change 0.71%, 7-day change 0.51%

5.Binance USD (BUSD) 24-hour change 0.10%, 7-day change -1.09%

Peripheral US stock market situation: Last Friday

The Dow Jones Industrial Average fell 0.86% to 33,127.28 points, down 1.61% for the week;

The S&P 500 fell 1.26% to 4,224.16 points, down 2.39% for the week;

The Nasdaq fell 1.53% to 12,983.81 points, down 3.16% for the week.

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.

Fed Chairman Powell: Evidence shows that current monetary policy is not too tight

Fed Chair Powell: Additional evidence of economic strength could warrant rate hike

One-week token unlock:

Cartesi (CTSI) unlocked 21.43 million tokens at 12:00 on October 23, worth $2.86 million, accounting for 2.93% of the circulating supply

Acala (ACA) unlocked 4.66 million tokens at 8:00 on October 25, worth $221,600, accounting for 0.56% of the circulating supply

Eeler (EUL) unlocked 145,600 tokens at 10:07 on October 26, worth $406,800, accounting for 0.81% of the circulating supply

Galxe (GAL) unlocked 586,000 tokens at 20:00 on October 26, worth $688,000, accounting for 1.26% of the circulating supply

Yield Guild Games (YGG) unlocked 12.58 million tokens at 22:00 on October 26, worth $2.96 million, accounting for 6.80% of the circulating supply

SingularityNET (AGIX) unlocked 9.53 million tokens at 8:00 on October 28, worth $1.74 million, accounting for 0.78% 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