Expected Fed rate hike hits mortgage bond market, weakening bank demand

US President Trump has stated that if the Democratic Party wins next month's midterm elections, the United States will fall into an economic depression; If the Republican Party wins, each citizen will receive $5000, and the country will experience unprecedented economic success. （Watcher.Guru）

Binance BTW is currently priced at $1.76, with a 5.39% increase over 24 hours. 24-hour transaction volume of 200 million US dollars, a decrease of 18.58%, for reference only

Tom Lee, Chairman of Bitmine Immersion Technologies, stated that the large-scale intergenerational wealth transfer in the coming years will drive the growth of demand for cryptocurrency assets. According to research data from the US Internal Revenue Service and Fundstrat, it is expected that $1.5 trillion to $2 trillion in wealth will be transferred between generations between 2026 and 2028. Young investors who inherit wealth tend to increase their allocation of risky assets such as cryptocurrencies and stocks. In addition, Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of artificial intelligence applications, and treasury companies holding long-term encrypted assets are also driving factors for future market growth.

Stripe's SATA preferred stock raised $55 million in the week of October 5th, which is enough to purchase approximately 638 BTC. As of October 2nd, Strike holds 29462 BTC. From September 28th to October 4th, Strategy did not sell its shares in STRC. (Source: Bitcoin News)

In the past two years, Stripe acquired Bridge for $1 billion, Mastercard acquired BVNK for $1.8 billion, and Circle acquired Tazapay for $400 million, with a total transaction value exceeding $3 billion. By 2025, the adjusted transaction volume of stablecoins will reach $10.9 trillion, close to Visa's $14.2 trillion, and the real-world payment scale will reach $390 billion.