x402 Protocol Token PING Market Cap Surges Above $15 Million Briefly, with a 456% 24-hour Increase

On October 24th, the White House of the United States announced that the inflation data might not be released next month.

Update: On October 24th, as per market reports, the US Social Security Administration anticipates a 2.8% rise in the cost of living by 2026.

On October 24th, according to Bravenew reports, the AI-driven Web3 community verification platform Me3 announced the completion of a new funding round worth $3 million. Participating in this round were Kakao Games, Outlier Ventures, Tokocrypto, Master Ventures, Maven Capital, and Marshland. The company aims to utilize AI models to address the issue of bots and fake users defrauding rewards in Web3 community platforms like Discord. The new funds will also support its token issuance plan.

On October 24th, Aster declared that the current objective is to allocate 70-80% of the S3 fees to ASTER buyback. The specific allocation will be based on market circumstances, and the final outcomes will be announced once S3 comes to an end. The team mentioned that as a developing project, maintaining operational flexibility is of great significance in the current unpredictable market environment. Information regarding airdrops and buybacks in the subsequent quarters will be announced separately after confirmation.

October 24th: The increase in the U.S. September CPI was a bit lower than anticipated, creating the conditions for the Fed to lower interest rates again next week. The U.S. Labor Department stated on Friday that following a 0.4% increase in August, the September CPI rose by 0.3% month-on-month; the annual rate was recorded at 3.0%, which was slightly higher than the 2.9% increase in August. Excluding the more volatile food and energy components, core CPI rose by 0.2% month-on-month (compared to 0.3% in August), and the year-on-year increase decreased from 3.1% in August to 3.0%. Although the government shutdown led to a halt in the release of economic data, the CPI report was still published to assist the Social Security Administration in calculating the cost-of-living adjustment for millions of retirees and other benefit recipients in 2026. The data was originally scheduled to be released on October 15th. As businesses have dealt with the inventory accumulated before the widespread i

On October 24th, based on HTX market data, fueled by the positive CPI data, Ethereum briefly surpassed $4,000 and is currently trading at $3,997.32, showing a nearly 1% hourly increase. Bitcoin is currently trading at $111,735, with a nearly 0.67% hourly increase. Previous reports showed that the U.S. September seasonally adjusted core CPI month-over-month rate was 0.2%, which was lower than the expected 0.3% and the previous value of 0.3%.