1. Federal Reserve officials express concerns over a December rate cut, Kansas City Fed President explicitly opposes a rate cut this week
On Friday local time, four Federal Reserve officials expressed concerns about the possibility of a rate cut this week and another in December. Fed Chair Jerome Powell emphasized at the post-meeting press conference on Wednesday that a December rate cut is not a “done deal.” Kansas City Fed President Schmid voted against a 25 basis point rate cut during the meeting, citing concerns about sticky inflation. On the same day, Cleveland Fed President Harker and Dallas Fed President Logan stated that if they had voting rights, they would oppose a rate cut, believing that restrictive policy should be maintained to achieve inflation targets. Atlanta Fed President Bostic, while supporting a rate cut, stressed that policy must remain tight. He pointed out that stubborn inflation weakens the case for further easing, and current interest rates are close to a neutral level that may no longer effectively curb inflation. -Original
2. Grayscale Trust transfers 173 BTC to Coinbase, with a total value of approximately $19 million
On-chain data shows that at 21:18 on October 31 (UTC+8), Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust addresses transferred a total of about 173.68 BTC to Coinbase Prime, valued at approximately $19.09 million. Specific transactions include: Grayscale Bitcoin Mini Trust transferred out 79.68 BTC, valued at about $8.76 million; Grayscale Bitcoin Trust transferred out 94 BTC, valued at about $10.33 million. This transfer has attracted market attention and may be related to Grayscale Trust’s asset management strategy adjustments. -Original
3. Trump: The US government will explore ways to purchase more Bitcoin
US President Trump stated that the US government will study the possibility of purchasing more Bitcoin, with specific measures yet to be announced. -Original
4. US banks may begin buying and custodizing Bitcoin in the first half of 2026
Michael Saylor revealed that major US banks may start buying Bitcoin, providing custody services, and issuing credit loans based on Bitcoin assets in the first half of 2026. -Original
5. Over $2 billion worth of Bitcoin flows out of centralized exchanges this week
On October 31, Sentora stated that this week, large amounts of Bitcoin and Ethereum have flowed out of centralized exchanges, with net Bitcoin outflows exceeding $2 billion. Despite ongoing market uncertainty, this phenomenon is seen as a strong bullish signal, indicating that investors are moving assets into self-custody for long-term holding. -Original
6. BlackRock transfers 3,496 BTC and 31,754 ETH to Coinbase Prime
Three hours ago, BlackRock transferred 3,496 BTC (about $384 million) and 31,754 ETH (about $122 million) to Coinbase Prime. This transfer may indicate further expansion of its crypto asset holdings. -Original
7. Tether’s net profit exceeds $10 billion in the first three quarters, USDT circulation reaches $174 billion
Tether International released its Q3 2025 audit report, showing that the company’s net profit for the first three quarters exceeded $10 billion, with a net increase of $17 billion in USD₮ circulation this quarter, bringing the total to $174 billion. The report noted that as of September 30, the company’s total reserve assets stood at $1,812.231 billion, with liabilities of $1,744.454 billion, resulting in excess reserves of $6.778 billion. The reserves include $12.9 billion in gold and $9.9 billion in Bitcoin, accounting for about 13% of total reserves. In addition, the company’s holdings of US Treasury bonds are about $135 billion, ranking 17th globally. Tether also used its own funds to settle the lawsuit with Celsius and applied for a private alternative investment fund license in El Salvador. -Original
