This week’s focus:

At 22:00 (UTC+8) on October 31, the modular blockchain network Celestia mainnet was launched

At 02:00 on November 2 (UTC+8), the Federal Reserve released its November decision statement:

On November 2, Federal Reserve Chairman Powell held a monetary policy press conference

On November 3, Binance launched MEME trading

On November 3, the United States released October non-farm data:

Stablecoin situation:

1. Tether (USDT) 24-hour change -0.02%, 7-day change 0.18%

2. USD Coin (USDC) 24-hour change -0.45%, 7-day change -2.18%

3. Dai (DAI) 24-hour change -1.95%, 7-day change -3.43%

4. TrueUSD (TUSD) 24-hour change 0.00%, 7-day change -1.00%

5.Binance USD (BUSD) 24-hour change -1.66%, 7-day change -3.32%

Peripheral US stock market situation:

The Dow Jones Industrial Average closed up 1.58% at 32,928.96 points;

The Nasdaq closed up 1.16% at 12,789.48 points;

The S&P 500 closed up 1.20% at 4166.82 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.

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:

dYdX (DYDX) unlocked 2.16 million tokens at 23:00 on October 31, worth $5.33 million, accounting for 1.21% of the circulating supply

Acala (ACA) unlocked 27.43 million tokens at 15:00 on November 1, worth $1.41 million, accounting for 3.31% of the circulating supply

ImmutableX (IMX) unlocked 18.08 million tokens at 06:00 on November 4, worth $12.35 million, accounting for 1.50% of the circulating supply

Liquity (LQTY) unlocked 657,000 tokens at 08:00 on November 5, worth $1.12 million, accounting for 0.7% of the circulating supply

Galxe (GAL) unlocked 7.61 million tokens at 20:00 on November 5, worth $10.51 million, accounting for 16.36% 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