Robinhood and Coinbase stock prices have recently experienced significant declines, as investors are concerned about the performance of cryptocurrency related stocks due to increased macroeconomic uncertainty. Robinhood's stock price has fallen by over 80% from its historical high, while Coinbase's stock price continues to be under pressure, reflecting a weakening of market confidence in the cryptocurrency industry. Analysts point out that rising interest rates and regulatory pressure may further affect the performance of cryptocurrency related stocks. （Decrypt）

[Federal Reserve's Hammack: No Consideration for Lowering Rates to Accommodative Range] Federal Reserve's Hammack stated that he does not wish to lower interest rates to an accommodative range, as the current economic conditions are strong and healthy, and inflation expectation data is being closely monitored. He believes the Federal Reserve has performed well in managing the federal funds rate, despite it being a small market. He also mentioned that debates within the Federal Reserve regarding interest rate targets are positive, moderate fluctuations in the money market are acceptable, and the ample reserves framework is the correct operational approach. He expressed satisfaction with the use of the standing repo facility but was surprised that it has not been more widely utilized.

A crypto whale has adopted a short selling strategy against Bitcoin and XRP, investing a total of $140 million in short positions. This move has attracted market attention, especially against the backdrop of intensified volatility in the cryptocurrency market in recent times. The community is concerned about the potential impact of this large-scale short selling behavior, believing that it may exacerbate market sentiment fluctuations. （Decrypt）

Federal Reserve Governor Stephen Milan stated that he expects the Fed to conduct a new round of interest rate cuts in December. （Watcher.Guru）

[Google Finance to Support Kalshi and Polymarket Prediction Market Data] Google Finance announced that it will add support for Kalshi and Polymarket prediction market data. Users can query information about future market events through the search box and view current market probabilities and their changes over time. This feature will be rolled out gradually in the coming weeks.