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- 00:38CITIC Securities: The Fed's rate cut path remains uncertainChainCatcher news, according to Golden Ten Data, a research report by CITIC Securities pointed out that some FOMC members, such as Waller, Mester, and Bowman, have explicitly supported interest rate cuts, while Federal Reserve Chairman Powell and other officials have expressed caution. In his speech on September 23, Powell mentioned that overly aggressive policy adjustments could make it difficult to achieve the inflation target, while maintaining restrictive policies for too long could risk weakening the labor market. The market's expectation probability for a rate cut in October remains above 90%.
- 00:32Revolut founder Storonsky relocates to the UAE due to changes in UK tax policyAccording to Jinse Finance, documents released this week by the UK Companies House show that Nikolay Storonsky, co-founder and CEO of fintech company Revolut and billionaire, has officially changed his country of residence from the UK to the United Arab Emirates. This change will take effect in October 2024, coinciding with the UK's gradual abolition of its long-standing "non-domicile" tax regime—which previously allowed foreign-born residents to exempt their overseas income from UK local taxes. The abolition of this tax regime will be fully implemented in April 2025 and has already prompted many wealthy entrepreneurs to quietly relocate to low-tax regions such as Dubai. Revolut declined to comment on the change of residence, and the relevant filing documents did not specify Storonsky's reasons for the move. However, judging by the timing, this change aligns well with both Storonsky's personal development and the growth of Revolut.
- 00:29Bitwise sets Solana Staking ETF fee at 0.2%, lower than market expectationsChainCatcher reported that, according to market sources, a registration statement amendment filed by Bitwise Asset Management on Wednesday shows that its Solana staking exchange-traded fund (ETF) will charge a 0.2% fee, which is lower than market expectations. Bloomberg Senior ETF Analyst Eric Balchunas commented: "Bitwise is not hesitating, planning to charge only a 0.2% fee for its spot Solana ETF. Low fees have an almost perfect track record in attracting investors." This rate is comparable to the bitcoin ETF and ethereum ETF rates approved by the SEC last year. On the same day, 21Shares announced that it would introduce staking functionality for its ethereum ETF and offer a one-year sponsor fee waiver. However, due to the U.S. government shutdown, the SEC is currently only handling urgent matters, and the approval of several crypto ETFs has been temporarily put on hold.
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