The Bank of America Raises Next Year's Gold Price Outlook to $5,000 per Ounce

October 13th. Due to the U.S. government shutdown, there was a scarcity of official economic data releases this week. Nevertheless, ahead of the Federal Reserve's monetary policy meeting from October 28th to 29th and the commencement of the quiet period, several officials still have speaking engagements. The newly appointed President of the Philadelphia Fed, Paulson, is scheduled to deliver her first major speech on Monday since she is set to become an FOMC voter starting in January of next year. Federal Reserve Chair Powell is anticipated to give a speech on Tuesday afternoon to provide an update on his economic and policy views. New Fed Governor Milan is also planned to participate in four different public events on Wednesday and Thursday. (FXStreet)

On October 13th, according to on-chain data, Hyperliquid has accomplished the HIP-3 upgrade. The Hyperunit purchased its initial Ticker "XYZ100" and officially launched its HIP-3-based decentralized exchange (DEX) on the mainnet. This indicates the first deployment of a DEX since the launch of HIP-3 a few hours ago. After the successful launch of HIP-3, deployers will be capable of initiating a Perp DEX on HyperCore without permission by staking 500,000 HYPE.

On October 13th, as per official channels, Strategy purchased 220 bitcoins for around $27.2 million within the time frame from October 6th to October 12th, with an average of roughly $123,561 per bitcoin.

On October 13th, the founder of Binance, CZ, commented on the "Posts Asking for Payment for Photos Together." He said, "This is fake. I have heard about this scam on several occasions. I do not charge for taking photos together. Generally, after a speech, I will stay for approximately 20 minutes to take photos with everyone. Sometimes I may skip this part in order to avoid drawing the audience away, out of respect for the next speaker."

On October 13th, based on LookOnChain's monitoring, the "BTC OG Whale" once more increased their short position in BTC. Currently, they hold 1823 bitcoins (approximately $208 million), and the liquidation price is $121,000.

On October 13th, Avtar Sehra, the CEO of the stablecoin protocol STBL, announced on social media that they are scheduled to launch a buyback by the end of October. The buyback will be carried out using the stablecoin USST, and holders can stake it in STBL's multi-factor staking module. At that time, STBL will also provide information on USST's liquidity channels for users to make a choice between redemption or staking.