Circle Official Account has started following Safe Account.

On October 16, spot gold continued to reach a brand-new all-time high of $4250 per ounce, rising by more than 1% during the trading day. (Golden Ten)

October 16th: The US September retail sales data, which was originally scheduled to be released at 8:30 pm Beijing time tonight, has been postponed because of the US government shutdown. (Golden Ten)

On October 16th, Robinhood in the US launched ASTER for spot trading.

On October 16th, according to Synoptic, BlackRock is scheduled to launch a money market fund this coming Thursday. This fund is designed to meet the requirements of the GENIUS Act and is intended to simplify the reserve custody process for stablecoin issuers.

October 16: Governor Waller of the Federal Reserve stated that officials could gradually adopt a more accommodative monetary policy to support the weak labor market by reducing interest rates by 25 basis points each time. Meanwhile, Brainard continued to advocate for a larger rate cut. Waller said on Thursday: "One doesn't want to make mistakes. The way to avoid mistakes is to proceed cautiously - lower by 25 basis points first, observe the results, and then decide what to do next." Brainard reiterated that a 50 basis points rate cut should be implemented as trade tensions have increased the downside risks facing the economy, necessitating a more rapid loosening of monetary policy. "I believe that we are likely to see three 25 basis points rate cuts this year," Brainard said. (FX678)

On October 16th, SharpLink made an announcement that "by issuing shares at a price of $17 per share (with a 12% premium compared to the market price), we successfully raised $76.5 million. In addition, through an innovative 90-day premium purchase contract (with a price of $17.5 per share, representing a 19% premium to the market price), we are expected to raise an additional $79 million." The $76.5 million raised will be used to increase ETH holdings and continue the growth trajectory and ETH accumulation strategy of SBET.