[Federal Reserve Governor Cook: A Rate Cut in December is Possible, Depending on Subsequent Data] Federal Reserve Governor Cook stated that monetary policy is always formulated based on real-time economic data and does not follow a predetermined path. Currently, the Federal Reserve's dual mandate faces increased risks in both inflation and employment, and the existing policy is somewhat restrictive. Cook pointed out that inflation levels remain elevated with upside risks, while the labor market is performing robustly, though potential issues need to be closely monitored. Additionally, he mentioned that the government shutdown has weighed on the economy, but growth is expected to recover. Regarding the future policy direction, Cook indicated that a rate cut in December is possible, but the final decision will depend on subsequent economic data releases.

The US Bitcoin ETF suffered a loss of $94.6 million due to market volatility caused by the recent hawkish stance of the Federal Reserve. Previously, the Federal Reserve hinted at the possibility of further interest rate hikes to address inflationary pressures, raising concerns among investors about risky assets. The market sentiment has turned conservative, and the outflow of funds has exacerbated the losses of Bitcoin ETFs. （Decrypt）

David Sachs, the head of encryption in the United States, stated that the encryption industry is the 'industry of the future'. （Bitcoin Archive）

[Federal Reserve's Daly: U.S. Economy is Good but More Fragile] Federal Reserve's Daly stated that the U.S. economy is in good condition but also more fragile. She pointed out that the weakening labor market is intensifying and believes that reducing the inflation rate to 2% at the cost of millions of jobs would be unfortunate.

Deposit $500000 USDC into HyperLiquid at address Whale0x4F12 and open a 3x long position of 15300 ASTERs worth approximately $1.48 million. The liquidation price for this position is 0.7188 US dollars. （Lookonchain）