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BlockBeats News, November 5, according to official sources, a new product Junk.fun, jointly supported by Solana ecosystem Meme coin BONK and privacy blockchain Manta Network, has been officially launched. Junk.fun leverages Solana's rent mechanism to help users destroy worthless Memecoins or NFTs with one click, release the occupied SOL rent, and convert it into CREDITS points. Users can use CREDITS points to participate in official ecosystem activities. Currently, a total reward pool of $75,000 has been launched, and the event will last for three weeks.

BlockBeats News, November 5th—Under nearly a year of sustained attacks from Trump, the Federal Reserve is under heavy pressure. The Fed is simultaneously facing Trump’s insults, threats to fire Fed Chair Powell, ongoing efforts to dismiss Fed Governor Cook, and explicit demands to cut interest rates to reduce government debt costs. In addition, Treasury Secretary Bessent has accused the Fed of overstepping its authority since the financial crisis. However, no matter how anxious economists are about the threats facing the Fed, financial markets remained calm throughout 2025. Scholar Francesco Bianchi updated his research findings, showing that Trump’s inappropriate comments about the Fed on social media during his first term led to a statistically significant decline in market expectations for the federal funds rate. The situation in 2025 is consistent with this, indicating that the market considers Trump’s threats “effective” and expects the Fed to respond with rate cuts. But in the long run, the president’s influence through public statements is limited, and there is no sign that “bond vigilantes” will restrict presidential actions by raising inflation expectations (the term “bond vigilantes” refers to investors who force policy adjustments by selling bonds and pushing up yields). Former Fed Governor Randy Kroszner pointed out that financial markets are hardly concerned that Trump’s actions will lead to higher medium-term inflation. Former Treasury Secretary Larry Summers also commented that complaints about the “Fed overstepping its authority” do not even make the top 100 problems facing the United States.