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On October 1st, Goldman Sachs revised its Federal Reserve policy forecast, shifting the expected rate hike timeline from October to December. This adjustment reflects updated analysis of recent economic indicators and inflation trends, potentially influencing global market expectations.
Read MorePresident Trump announces the withdrawal of U.S. troops from Iraq, declaring an end to major combat operations against ISIS. He praised Iraq's new leadership and contrasted the orderly exit with the Afghanistan withdrawal, framing it as a strategic victory for both nations.
Read MoreAn audit of the Federal Reserve's $2.4B headquarters renovation found management flaws in cost control and oversight, but no evidence of federal criminal violations requiring DOJ referral. Costs ballooned from $1.3B due to design changes and inflation. The Fed pledged to implement recommendations and hire independent auditors.
Read MoreThe SEC has proposed new rules to expand retail investor access to private markets. Key changes include broadening the definition of accredited investors and adjusting fee structures for investment advisors. This move aims to foster inclusion while maintaining investor protections.
Read MoreThe OUSD stablecoin launched with explosive momentum, achieving a full-chain supply of over 477 million tokens ($477M fully backed) within just two hours. Its reserves comprise 44.25% U.S. Treasuries and 55.75% cash. Remarkably, over 90% of its circulation is concentrated on the Tempo network, which has already processed over $533M in cumulative transfer volume.
Read MoreOpen Standard will distribute most equity based on partners' contributions to OUSD supply growth, with no special privileges for founders. The model incentivizes real-world circulation and adoption in payments and forex, moving beyond mere token holding.
Read MoreOpen Standard reveals a governance model where five major companies, including Coinbase and Visa, hold equal initial stakes as founding partners. They've pledged over $10 billion to build OUSD liquidity, while partner integrations have surpassed 200.
Read MoreThe Fed's preferred inflation gauge, core PCE, rose 3% year-on-year in August, below market forecasts. Analysts suggest this unexpected cooling, alongside steady economic growth, may reduce urgency for an October rate hike, though inflation remains above target.
Read MoreThe yield on the benchmark U.S. 10-year Treasury note surged to 5.29% on October 1, marking its highest level since 2007. This sharp rise reflects growing market expectations of prolonged higher interest rates and intensifies concerns over the economic outlook and financial stability.
Read MoreMSCI launches new AI supply chain indexes, breaking the sector into physical infrastructure, digital infrastructure, and application layers. This enables precise investment targeting and risk hedging, addressing investor demand for granular exposure. However, hedging strategies for retail investors remain a challenge. Bain forecasts infrastructure spending to vastly outpace application revenue by 2031.
Read MoreSignificant progress in recovering $295M stolen from a DeFi protocol in April. Investigators identified North Korean hackers as perpetrators. Around $9.2M has been frozen through law enforcement, with asset tracking ongoing across Ethereum wallets.
Read MoreThe yield on the 30-year US Treasury bond has surged to 5.62%, marking its highest level since 2002. This sustained rise in a key long-term interest rate signals shifting market expectations on inflation and monetary policy, with potential ripple effects across global borrowing costs and financial markets.
Read MoreDigital asset products recorded a net inflow of $3.55 billion last week, the highest weekly figure this year. Bitcoin products led the surge, with U.S. spot Bitcoin ETFs attracting substantial capital. Ethereum and Solana also saw notable inflows, signaling renewed investor confidence.
Read MoreCoinbase CEO Brian Armstrong announced the development of financial accounts for "super-intelligences." These accounts integrate trading, payments, and lending, aiming to help users build wealth. Crucially, they will allow AI agents to operate autonomously on behalf of users, representing a major step toward automated financial management.
Read MoreBerlin-based workflow infrastructure firm Restate raised $20M in Series A funding led by Singular. Its crash-resistant engine is seeing surging demand from AI agents requiring long, unpredictable runs. The company plans to expand engineering and go-to-market teams.
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