The probability of a 25 basis point Fed rate cut in October is currently at 97.8%.

On October 29th, the Hong Kong Monetary Authority (HKMA) issued the Phase 2 report of the "e-Hong Kong Dollar" pilot scheme, presenting the trial results and experiences. The HKMA declared that it will continuously make progress in preliminary work in terms of policy, law, and technology to prepare Hong Kong for the potential future expansion of the "e-Hong Kong Dollar" for individual and corporate use. The relevant preparatory work is expected to be completed in the first half of 2026, and the timing for expanding the "e-Hong Kong Dollar" will be adjusted according to international developments, the latest technological advancements, and market demand. The report disclosed that the 11 sets of trials in Phase 2 cover 3 major thematic innovation use cases, namely tokenized asset settlement, programmability, and offline payments. The HKMA stated that the current demand for the "e-Hong Kong Dollar" is mainly outside the retail scenario. Therefore, the future focus will be on developing t

October 29: The South Korean public company Bitplanet persists in its daily Bitcoin accumulation plan and purchases 9 BTC on this day. As of October 29, 2025, the company has amassed a total of 110.67 BTC. The cumulative investment amounts to approximately $13.11 million, with an average cost of around $118,765 per BTC.

October 29th. According to 21st Century Business Herald, the People's Procuratorate of Beijing Municipality has issued a significant document named "Highly Effective Performance of Financial Inspection Typical Cases," which encompasses a case of engaging in disguised foreign exchange transactions using virtual currency, involving more than 1.1 billion RMB. It was discovered that from January to August 2023, Lin A, upon instructions from others, colluded with Lin B, Xia XX, Bao XX, and Chen XX. They used multiple bank cards under their names to receive a substantial amount of funds transferred by clients (such as Liu XX) of an illegal foreign exchange organization's "upstream." The group utilized virtual currency as a "bridge" to achieve the illegal cross-border transfer of funds: Lin A and others used multiple Tether (USDT) trading platform accounts under their control to convert the received RMB into USDT and then completed the cross-border fund transfer through platform tradi

On October 29th, as per the report by Decrypt, the Australian Securities and Investments Commission (ASIC) has provided a substantial update to its digital asset guidance. This update expands the scope of existing financial services laws to cryptocurrency businesses and clarifies the circumstances under which digital asset products and services may be regarded as financial products under the Corporations Act. The latest update replaces early cryptocurrency-related terms with the more comprehensive term "digital asset", encompassing tokenization, digitization, and token-based products. ASIC has reiterated that many digital assets, such as yield tokens, staking arrangements, and asset-referenced stablecoins, may necessitate an Australian financial services license in accordance with current laws. The regulator also emphasized that if offshore and decentralized platforms market or sell to local users, Australian law is equally applicable. The new custody obligations require companies hol

On October 29th, it was announced that the Grayscale's Solana Trust ETF (GSOL) will start trading tomorrow on the New York Stock Exchange Arca. This makes it the second Solana ETF to be launched this week. This ETF will offer US stock market investors a direct way to invest in SOL, including potential staking rewards.

October 29th. As per the New York Post, CZ is contemplating suing U.S. Senator Elizabeth Warren for slander. This occurred subsequent to Warren's posting on Twitter following Trump's pardon, hinting that CZ had been "found guilty of money laundering." Nevertheless, CZ has never been convicted of money laundering; he has merely been previously accused of breaching the U.S. Bank Secrecy Act (BSA) and Binance's failure to implement efficient anti-money laundering procedures. CZ's attorney, Teresa Goody Guillen, declared that they are in the midst of drafting a letter through her to request Warren to retract her statement. In the event that Warren does not officially retract her statement, CZ intends to promptly file a defamation lawsuit against the senator.