MyToken Short-Term Trading Assistant just detected a buy signal of ETH/USDT at UTC/GMT 00:00:00 am, Oct. 15, with the buy price at 4135.40 USDT. According to the analytical result from Short-Term Assistant, recently ETH is going strong and showing an uptrend. The next support level below is 3954.91 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

According to Whale Alert monitoring, USDC Treasury has minted an additional 100 million USDC in the past 40 minutes.

According to Odaily Planet Daily, Michael Feroli, chief US economist at JPMorgan Chase, said that Federal Reserve Chairman Powell's latest speech "reinforced expectations of further interest rate cuts, starting with the next meeting on October 28-29." Feroli pointed out that the market was already quite convinced that the Fed was inclined to loosen policy, but Powell's wording left almost no room for ambiguity. He said: "While there is almost no doubt that the Fed will cut interest rates at the next meeting, today's speech is a strong confirmation of this expectation." Powell's speech further strengthened investors' belief that the Fed is preparing to cut interest rates again after a series of weaker inflation and labor market data, thereby consolidating the market's bets on a rate cut at the end of October.

According to Odaily Planet Daily, Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter from the Office of the Comptroller of the Currency (OCC). If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the GENIUS Act, signed this summer. Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to facilitate the "tokenization of trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billion last year, the company has rapidly integrated stablecoins into its core business, including partnering with Coinbase and Shopify to support USDC payments, launching the Open Issuance platform for issuing custom stablecoins, and the payment-optimized blockchain Tempo.

According to Odaily Planet Daily, New York City Mayor Eric Adams signed an executive order establishing the nation's first "Office of Digital Assets and Blockchain." The office aims to coordinate collaboration between the crypto industry and government and promote compliant blockchain and crypto projects in New York. Led by Moises Rendon, a longtime city official involved in digital asset affairs, the office's goals include promoting responsible blockchain applications, attracting fintech talent, expanding financial inclusion, and establishing New York as a hub for crypto innovation. Adams stated, "The digital asset era has arrived, presenting us with opportunities for economic growth, talent attraction, and service innovation." Adams received his first three salaries in Bitcoin and hosted New York's inaugural Crypto Summit. His term as mayor ends at the end of the year, and he has withdrawn from re-election due to campaign funding issues.