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U.S. President Trump has approved the demolition of the White House East Wing to build a large banquet hall funded by private donors, including Trump himself and several companies from the technology, defense, and crypto industries. This move has sparked controversy and criticism for allegedly using power to raise funds. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The Federal Reserve has cut interest rates by another 25 basis points and announced the end of quantitative tightening in December. During the press conference, Powell emphasized the necessity of "slowing the pace of rate cuts," prompting the market to quickly adjust its expectations and causing risk assets to decline across the board.
This amount is nearly twice the maximum SPAC Fairshake invested in 2024, and slightly exceeds the total spending of the entire oil and gas industry in the previous election cycle.
- 01:06Grove plans to invest $100 million in anchor funding for the newly launched Securitize tokenized AAA-rated CLO fundChainCatcher news, decentralized finance protocol Grove disclosed on its official blog that Securitize today announced the launch of the Securitize tokenized AAA-rated CLO fund (STAC), which focuses on tokenized investments in AAA-rated CLO tranche assets. The fund is custodied by BNY Mellon and its subsidiary investment company Insight serves as sub-advisor. Upon governance approval, Grove will provide a $100 million anchor investment for STAC. Fund shares will be issued in the form of Ethereum digital tokens, and eligible investors can subscribe through the Securitize platform.
- 01:06A total of 200,000 ETH have been withdrawn from CEXs in the past 48 hours.According to Jinse Finance, analyst @ali_charts reported that approximately 200,000 Ethereum, worth $780 million, have been withdrawn from CEXs in the past 48 hours.
- 01:03Powell: If there is no new information, there will be reason to slow down the pace of rate cuts.BlockBeats News, October 30, Federal Reserve Chairman Powell: If no new information is obtained and economic conditions appear unchanged, there will be reason to slow the pace of rate cuts. We hope to have more comprehensive data by December. The lack of data during the government shutdown may indicate that the pace of policy adjustments should be slowed. It is uncertain how long the debate over slowing rate cuts in December will last.