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ChainCatcher news, according to Cointelegraph, Brazilian solar energy company Thopen has announced plans to use surplus electricity for bitcoin mining as a way to monetize excess renewable energy and offset losses from power curtailment. In addition, the company is also evaluating solutions such as building data centers and bitcoin mining operations near the load to absorb locally generated surplus energy.

Jinse Finance reported that the press conference of Federal Reserve Chairman Powell is the most closely watched event in the market. The current basic situation is that, in the absence of government data, Federal Reserve Chairman Powell will maintain the status quo and will not reveal much in terms of forward guidance. The only thing that could surprise the market is if he expresses uncertainty about a rate cut in December, which is likely to be seen as a hawkish surprise, since the market is currently very confident about a rate cut in December. In theory, the market's direct reaction to this would be: US stocks falling, US Treasury yields rising, short-term bond yields rising faster than long-term bond yields, the US dollar strengthening significantly, and precious metals such as gold and silver declining. On the other hand, if Powell's stance on a December rate cut remains unchanged, the market will continue to fluctuate based on the development of trade conditions. (Golden Ten Data)