Fed's Logan: Excessive inflation is unacceptable, and it is clear the Federal Reserve needs to raise interest rates at least two more times.

According to a Bloomberg report, sources familiar with the matter disclosed that multiple financial institutions including Goldman Sachs Group, Citigroup, Banco Santander, and Deutsche Bank have committed around $270 million in funding for a joint stablecoin project. The funds are earmarked to cover the new company’s five-year operating costs, the sources added. Earlier this year, a group of 21 institutions unveiled plans for the firm, which will act as the issuer of a U.S. dollar stablecoin and is expected to be registered in the United States. The sources spoke on condition of anonymity due to the non-public nature of the information involved.

According to monitoring by Onchain Lens, Morgan Stanley transferred 48,828 SOL tokens from its MSOL Solana ETF wallet to Coinbase Prime approximately 10 minutes ago, with the transaction valued at roughly $4.01 million.

According to official announcements, the LimeWire team has officially taken over Cookie3 and Cookie Pro, with all relevant business handover work now completed. Cookie Pro will continue operating as normal, with existing features including Cookie AI, KOL analytics, data dashboards, farm points, and market signals remaining unaffected. Moving forward, the LimeWire team will leverage its strengths in engineering, blockchain infrastructure, and resources to support Cookie’s product upgrades while ensuring the smooth operation of existing services. The partnership will also bring stronger data infrastructure support to Cookie. LimeWire noted that its infrastructure built for large-scale data storage will power Cookie. At the same time, the two sides have officially kicked off development of InfoFi 2.0, planning to rebuild the product from scratch rather than simply upgrading the existing version. This rebuild will focus on upgrading the AI engine powering Cookie Pro, enhancing its ability to identify trends in Crypto Twitter (CT) discussions, market attention, and influence signals, reducing irrelevant information, and improving the quality of data analysis. In addition, InfoFi 2.0 will redesign the SmartKOL allocation mechanism to prioritize users’ actual contributions to the ecosystem over rewarding mere mechanistic actions; it will also adjust the incentive economic model to increase returns for genuine contributors and boost the system’s long-term sustainability. Cookie stated that it will gradually release development progress and more details in the coming period. Currently, Cookie Pro will continue to iterate, and InfoFi 2.0 has been re-included in the official development roadmap.

According to Iran's Fars News Agency, Rezaei, Secretary of Iran's Supreme National Security Council, said Iran has demanded a clear, unambiguous response from the U.S. to its proposed conditions, but the U.S. has not responded so far. The U.S.'s response is deceptive. All U.S. claims about continuing negotiations with Iran and holding talks in Qatar are lies.

Real World Assets (RWA) firm Kimber Labs, which operates under the Plume brand, has announced new regulatory progress in advancing the on-chain tokenization of U.S. real-world assets. Its affiliate, Kimber Digital Securities (KDS), has completed registration with the U.S. Securities and Exchange Commission (SEC) and secured membership approval from the Financial Industry Regulatory Authority (FINRA), officially becoming a broker-dealer. Per the company’s announcement, these approvals enable KDS to trade securities on behalf of clients.

Following October’s higher-than-expected CPI data, Deutsche Bank has added a January interest rate hike to its forecasts. The bank now projects the U.S. Federal Reserve will raise rates by 25 basis points each in December, January next year, and March, lifting the federal funds rate target range to 4.50%–4.75%. Analysts noted that given recent hawkish remarks from Fed Governor Waller, a 50-basis-point rate hike in December is also possible, though it remains outside the bank’s base case scenario. Additionally, Deutsche Bank raised its neutral rate forecast to 3.75%–4.00%, indicating it expects interest rates to stay elevated for a longer period.