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[Bank of England Chief Economist: Neutral interest rate is between 2% and 4%] Bank of England Chief Economist Pill stated that the Monetary Policy Committee believes the neutral interest rate is between 2% and 4%.
[Bank of England's Pill: No Significant Change in Short-Term Interest Rate Outlook Expected] Bank of England Chief Economist Pill stated that he does not expect significant changes in his short-term outlook on interest rates, noting that wage growth remains significantly higher than levels consistent with the inflation target. This month, the Bank of England voted 5-4 to keep interest rates unchanged, with Pill among the majority supporting the decision. Governor Bailey, however, indicated that he might support a rate cut at the December meeting depending on subsequent data. Pill emphasized that when assessing the pace of easing inflationary pressures, one should not overly rely on short-term economic data.
Binance ASTER is currently priced at $1.38, with a 10.4% increase over 24 hours. 24-hour transaction volume of 2.4 billion US dollars, up 17.79%, for reference only
[Balancer Urges Users to Verify the Status of Funds Deposited on the BEX Platform] Balancer announced on the X platform that if users have funds on the BEX platform during the Balancer incident, they should promptly verify the status of their funds. Currently, the vast majority of affected stablecoin funds on the BEX platform have been claimed. For the Ethereum and BERA pools, recovered funds are also available for claiming, with over 90% of Ethereum funds already claimed, but the claim rate for the BERA pool is only about 40%. Users who have deposited funds into the relevant pools need to confirm the status of their funds.
[Fidelity Launches Solana ETF 'FSOL' with Initial Funding of 23,400 SOL] Fidelity has officially launched its Solana ETF 'FSOL' with initial seed funding of 23,400 SOL, approximately $3.3 million. The ETF does not use Fidelity's own custody solution but instead opts for custody services provided by BitGo, Coinbase, and Anchorage Digital.
[HSBC Plans to Launch Tokenized Deposit Services for US and UAE Clients in the First Half of Next Year] HSBC Holdings Plc plans to introduce tokenized deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, HSBC's Global Head of Payments Solutions, stated that the service supports real-time domestic and cross-border fund transfers around the clock, unrestricted by business hours, helping large enterprises enhance liquidity management efficiency. Currently, HSBC's tokenized services cover Hong Kong, Singapore, the United Kingdom, and Luxembourg, supporting transactions in euros, pounds, US dollars, Hong Kong dollars, and Singapore dollars. When launched in the Middle East next year, the service will add support for the UAE dirham. Kohli also revealed that HSBC is exploring the application of tokenized deposits in programmable payments and autonomous treasury systems, as well as studying the stablecoin industry, engaging with certain stablecoin issuers to discuss reserve management and settlement account services.