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Jinse Finance reported that Federal Reserve's Logan stated the Fed should not cut interest rates this week, nor should it cut rates again in December. She pointed out that the labor market is "generally balanced" and there is no need for immediate support, while inflation appears likely to remain above the 2% target for a longer period. Logan said: "The current economic outlook does not require a rate cut. I don't think there is a need to cut rates this week. Unless there is clear evidence that inflation will fall faster than expected, or the labor market will cool more quickly, I would find it difficult to support another rate cut in December." Logan does not have voting rights on the Fed's policy-making committee this year. She stated that data from the private sector, unemployment claims from various states, and the Fed's own business and community contact networks all provide the central bank with perspectives on the economy, and the overall situation is "far from worrying."

ChainCatcher news, according to Solid Intel, Marathon Digital has completed the acquisition of Exaion, a subsidiary of the French electricity company EDF. The terms of the deal explicitly stipulate that EDF is prohibited from using its computing power for AI training or bitcoin mining activities.