Bitcoin rises due to PCE inflation data cooling, bond yields hit 20-year high

Goldman Sachs has postponed its forecast for the Federal Reserve's interest rate hike from October to December.

Goldman Sachs Group stated that the US inflation data and the speech by New York Fed President John Williams have reduced the possibility of the Fed raising interest rates in October. Economists Jan Hatzius, David Mericle, and Alec Phillips predict that the year-on-year growth rate of core PCE in the fourth quarter will be 3.0%, lower than the median forecast of 3.4% for FOMC participants. Goldman Sachs has postponed its expectation of a second interest rate hike to December and believes that there is a high possibility that the FOMC will deem it unnecessary to raise interest rates. (Source: Caixin)

On October 1, the yield of the US 10-year treasury bond bond rose to 5.29%, the highest since 2007.

[$SI Early Developer Sold 32% of Tokens, Missing Out on $15 Million in Gains] The developer wallet 9pkJqJ of $SI tokens acquired 32% of the tokens through a side wallet in the early stages of the project and subsequently sold all of them for $24,000. The price of $SI tokens surged significantly after U.S. President Trump publicly advocated renaming artificial intelligence to Super Intelligence and used the term SI. Based on the current price, the tokens previously held by the developer are now worth $15 million.

The US Securities and Exchange Commission (SEC) has proposed a reform plan to expand the channels for individual investors to participate in the private equity market and allow registered investment advisors to charge a performance fee of up to 20% to attract private equity management agencies to serve individual investors. SEC Chairman Paul Atkins stated that the committee aims to explore ways to expand individual investors' participation in the private equity market while preventing fraud and misconduct. The SEC proposes to expand the scope of "qualified investors" recognition, allowing more individuals holding professional qualifications to qualify for investment.