Instant surge "TAO trading volume surged 31 times

[Paraguay's Largest Bank Deploys Quantum-Resistant Blockchain Technology] Paraguay's largest bank, Ueno Bank, has announced the adoption of quantum-resistant Layer-1 blockchain technology based on QANplatform, combined with SignQuantum signature extensions, to provide tamper-proof records for electronic documents and business archives. This marks the world's first bank to deploy quantum-resistant blockchain technology at production scale, aligning with NIST post-quantum encryption standards and offering a reference model for the financial industry to address quantum computing risks.

The world’s largest asset manager is exploring putting exchange-traded funds on chain, sources told Bloomberg.

[Analyst Yardeni Raises S&P 500 Target to 6,800 Points] Wall Street strategist Ed Yardeni has raised the year-end target for the S&P 500 index from 6,600 points to 6,800 points, and believes there is a 25% probability of it rising to 7,000 points. The adjustment is attributed to stable inflation and expectations of Federal Reserve rate cuts.

[Besent Meets with Federal Reserve Chair Candidates, Selection Ongoing] According to CNBC, U.S. Treasury Secretary Besent met this week with Federal Reserve Chair candidates Walsh, Lindsay, and Brad, with the selection process still underway. Besent plans to engage with current officials after the Federal Reserve's blackout period ends and leans toward a long-term reduction of the balance sheet.

[Sources: ECB Leaning Toward Keeping Rates Unchanged, December Becomes a Key Window] According to a report by Jinse Finance, informed sources revealed that European Central Bank policymakers are convinced that a 2% inflation rate can be achieved without further rate cuts, even though new economic forecasts indicate that inflation will fall below 2% in the next two years. The sources stated that borrowing costs are expected to remain at current levels for some time unless the eurozone experiences another major shock. The sources also noted that while the possibility of a rate cut at the October meeting can almost be ruled out, December will present an opportunity for reassessment, as the new quarterly forecasts will include projections for 2028. A spokesperson for the European Central Bank declined to comment.