The probability of a 25 basis point interest rate cut by the Federal Reserve in October is 97.3%.

On October 28th, as per Bloomberg, the stablecoin startup ZAR has secured $12.9 million in a fresh funding round. This round was led by a16z, with Dragonfly Capital, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst also participating. ZAR intends to make use of Pakistan's extensive network of mobile kiosks, convenience stores, and money agents to test a dollar-backed digital currency. ZAR launched its platform earlier this year. Users go to local stores, scan a QR code, and convert cash into digital dollars in their mobile wallets. The concept is that they can then utilize these digital currencies in stores without the need to have an understanding of stablecoins or blockchain technology. The startup has declared that its wallet is linked to globally recognized Visa cards.

On October 28th, Aptos Labs and the Boston Consulting Group (BCG) jointly presented the "Hong Kong Digital Currency and Tokenized Asset Survey" report. This survey encompassed more than 500 retail fund investors. Among them, 61% of retail investors in Hong Kong and mainland China expressed their intention to more than double their allocation to tokenized funds. They were primarily attracted by the higher liquidity, transparency, 24/7 trading, and programmability offered by tokenization technology. Meanwhile, the research further identified four typical investment groups. Hong Kong active traders anticipate increasing their allocation to tokenized funds from 10% to 26%. High-net-worth individuals plan to increase from 5% to 16%. Long-term investors aim to rise from 8% to 25%. And mainland investors plan to increase from 11% to 24%. The report also summarized the participation of Aptos Labs, BCG, and HSBC in the Hong Kong Monetary Authority's "e-Hong Kong Dollar+" second-phase pilot. I

On October 28th, according to a report by CNBC, Paypal (PYPL.O) has reached an agreement with OpenAI to become the payment wallet for ChatGPT. Additionally, the two parties will collaborate to introduce instant settlement functionality. In response to this news, Paypal (PYPL.O) saw a 13.5% surge in pre-market trading. (Golden Finance)

October 28th. As per CoinDesk, the prediction market platform Kalshi filed a federal lawsuit against the New York State Gaming Commission on October 28, 2025. It is challenging the state's ban on its sports-related contracts. Kalshi, being a CFTC-registered Designated Contract Market (DCM), maintains that under the Commodity Exchange Act, the CFTC has "exclusive jurisdiction" over derivatives traded on federal regulatory exchanges, and the intervention of New York State violates federal law. Earlier this year, the company self-certified sports event contracts with the CFTC, enabling users to engage in financial betting on match outcomes. Kalshi is seeking emergency relief to prevent New York State from enforcing its cease-and-desist order, claiming that failure to do so would cause irreparable harm to the platform and its users.

On October 28th, according to Bloomberg Terminal, US Commerce Secretary Raimondo declared that a $490 billion investment agreement is about to be signed.

On October 28th, as per the monitoring of Onchain Lens, 20 minutes ago, a whale withdrew 1.29 billion PUMP tokens from Binance, with a value of $6.39 million. In the past two weeks, this whale has accumulated a total of 3.3 billion PUMP tokens, which is worth $16.38 million.