Kadena Announces Immediate Suspension of Operations Due to Market Conditions
Kadena announced that due to market conditions, it will immediately cease all operational activities. Specific details have not yet been disclosed. (Cointelegraph) Title: President Trump Announces Tariffs on Chinese Goods to Rise to 155% Starting November Content: President Trump announced that starting November 1, U.S. tariffs on Chinese goods will increase to 155%. (Cointelegraph) Title: Coinbase Plans to Develop Privacy Transaction Features Content: Coinbase CEO stated that the company is developing privacy transaction features based on Iron Fish technology acquired in March, further enhancing user privacy protection. (Cointelegraph) Title: Gold Experiences Largest Single-Day Drop Since August 2020 Content: Gold prices fell approximately 5.5% today, marking the largest single-day drop since August 2020, with significant market volatility. (Cointelegraph) Title: Crypto Leader to Meet with Senate Banking Committee Content: Crypto leader David Sacks will meet with Republican members of the Senate Banking Committee tomorrow to push for market structure reform discussions. (Cointelegraph) Title: Federal Reserve Studies New Payment Account Model to Support Fintech Content: The Federal Reserve is studying a new payment account model that allows fintech and crypto companies limited access to payment systems without granting full banking privileges. (Cointelegraph) Title: Majority of Economists Expect Fed to Cut Rates by 25 Basis Points Content: Out of 117 economists, 115 expect the Federal Reserve to announce a 25 basis point rate cut at the October 29 meeting. (Cointelegraph) Title: Coinbase Acquires Echo Platform for $37.5 Million Content: Coinbase announced the acquisition of blockchain capital fundraising platform Echo for $37.5 million, further expanding its business footprint. (Cointelegraph) Title: SpaceX Transfers Bitcoin for the First Time Since July Content: SpaceX completed its first Bitcoin transfer since July this year, with specific transaction details yet to be disclosed. (Cointelegraph) Title: Coinbase Urges U.S. Government to Adopt Blockchain Technology to Combat Money Laundering Content: Coinbase called on the U.S. government to adopt blockchain analytics and artificial intelligence technologies to address increasingly complex money laundering activities. (Cointelegraph)