Goldman Sachs postpones Fed rate hike forecast from October to December

The cryptocurrency industry spent $13 million on lobbying in the first half of this year, with the largest portion going towards promoting the Clarity Act, which has not made progress in the US Senate. Coinbase leads related lobbying expenditures, with multiple cryptocurrency companies and industry associations hiring lobbyists, and the industry paying millions of dollars in service fees to at least 42 external professional organizations.

In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.

On October 1st, the Open Standard stablecoin OUSD was launched with a full chain supply of approximately 477 million coins within 2 hours, with a reserve asset of 477 million US dollars and an asset reserve coverage rate of 100%. Among the reserve assets, US treasury bond bonds accounted for 44.25%, about US $211 million; Cash in US dollars is approximately 266 million US dollars, accounting for 55.75%. The circulation supply of OUSD in Tempo network is 434 million pieces, with a cumulative transfer amount of 534 million US dollars.

The European Securities and Markets Authority proposes to extend MiCA rules to DeFi gateways, staking, and crypto lending, and strengthen restrictions on unauthorized stablecoin services.

The Federal Reserve System is no longer predicted to raise interest rates at the next FOMC meeting. （Watcher.Guru） AI interpretation: The expectation of the Federal Reserve stopping interest rate hikes has become a market consensus, marking the substantial end of the tightening cycle. The policy path of maintaining high interest rates has been completely locked in, and the market's focus has completely shifted to the game of timing for interest rate cuts. The increased certainty of the current monetary policy environment has effectively eliminated the liquidity tightening panic caused by interest rate hikes. This policy setting provides a stable anchor point for financial markets, driving risk asset prices back to fundamental logic.