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More →Japan's 10-year government bond yield fell 7 basis points to 2.81%, Cailian Press reported on October 23.
CoinWorld news, Cailian Press, October 23 — Japan's 10-year government bond yield fell 7 basis points to 2.81%.
New Zealand inflation faces a rebound, and economists expect a rate hike next week.
CoinWorld news: New Zealand faces a rebound in inflation, and economists expect a rate hike next week. Economists say the Reserve Bank of New Zealand will need to raise interest rates significantly if it is to bring inflation under control, even if that means acting just 10 days before the general election. Although New Zealand's third-quarter inflation rate edged lower, many analysts expect it to accelerate above 4% in the fourth quarter and to remain above the RBNZ's 1% to 3% target range for longer than the central bank previously forecast. Rising fuel prices and a weaker New Zealand dollar are the main factors driving inflation higher. Most economists believe the RBNZ will need to raise the official cash rate (OCR) to 3% next Wednesday. Smith, a senior economist at ASB Bank in Auckland, said persistently high inflation is a major challenge. He expects inflation to remain above 3% until the fourth quarter of 2027, and predicts the RBNZ will raise rates on October 28.
Star Xu: Exchanges should profit from technology and services, not from customer funds.
CoinWorld news: OKX founder and CEO Star Xu said in an interview on the New Era Finance Podcast that exchanges should rely on technology and services to make a profit, not on customer funds. He recalled that his team had contact with Three Arrows Capital, which proposed a yield-generating plan, but he said he was not interested. At the same time, he rejected requests from other prime brokers for credit lines and delayed liquidation. He emphasized that even as assets under the platform's management grow rapidly, safeguarding the security of customer funds remains the most important principle for navigating industry cycles.
Analysts: Two major bearish factors drive gold and silver prices down
According to news from Bijie, the precious metals sector has recently declined across the board, and short-term marginal changes in the U.S. dollar index and U.S. Treasury yields will dominate the price trend of precious metals. Huishang Futures analysis pointed out that the core drivers of this round of correction in the precious metals sector are rising expectations of Federal Reserve rate hikes and concentrated deleveraging by long positions. The market is repricing "higher interest rates for longer," and the rising holding cost of precious metals as non-interest-bearing assets constitutes a common bearish factor. In addition, the geopolitical risk premium from earlier periods is gradually fading, and weakening expectations for industrial demand have further amplified the decline in silver prices. Jinrui Futures believes that the reversal in the macroeconomic interest rate environment and trading-driven deleveraging are the main reasons for this round of deep declines in precious metals prices. Overall, there is still room for a technical rebound in precious metals prices, but whether the rally can be sustained depends on the subsequent trajectory of U.S. Treasury yields and the U.S. dollar index.
Japan's Minister for Economic and Fiscal Policy, Minoru Kiuchi: The government has declared a formal end to deflation, and will make a decision that still remains to be verified after comprehensively considering CPI, the GDP deflator, and the background behind changes in underlying inflation.
CoinWorld news, Japan's Minister of State for Economic and Fiscal Policy Minoru Kiuchi: Whether the government will declare a formal end to deflation will be decided after comprehensively considering CPI, the GDP deflator, and the background behind changes in potential inflation.
Polymarket: 76% probability the Fed raises rates in 2026
CoinWorld data: Prediction markets show a 76% probability that the Federal Reserve will raise interest rates again in 2026. Last week, both the Consumer Price Index (CPI) and the Producer Price Index (PPI) rebounded to levels higher than expected.
Japan's September inflation exceeded the central bank's target level, supporting expectations of an interest rate hike.
Data released by the Japanese government on Friday showed that the core CPI, which excludes fresh food, rose 2.1% year-on-year in September, higher than the 1.7% increase in August. This result may further strengthen market expectations that the Bank of Japan will tighten monetary policy in December, when the BOJ may raise interest rates again by 25 basis points, bringing the benchmark rate up to 1.5%. The market widely expects that the BOJ's policy board will keep interest rates unchanged at its meeting next week in order to assess the impact of previous rate hikes. The continued weakness of the yen and rising international oil prices are pushing up the cost of Japan's imported raw materials, keeping upward pressure on the country's consumer prices. As Japan's underlying inflation rate is now very close to the central bank's 2% target, BOJ Governor Kazuo Ueda said the central bank must pay more attention to upside risks to inflation.
Trump called Musk to demand the lifting of the Starlink speed restriction in Ukraine, and U.S. senators will launch an investigation.
CoinWorld news: U.S. President Trump called Musk on Wednesday to demand the removal of speed limits on Ukraine's military Starlink service. After the call, the Starlink system's operating conditions recovered on Thursday, but Ukrainian officials gave differing descriptions of the extent of the recovery. U.S. Senator Richard Blumenthal of Connecticut announced on Thursday that he would launch an investigation into Starlink's weakening of Ukraine's communications capabilities and review the impact of the Pentagon's reliance on SpaceX's satellite communications services.
Trump signs executive order aimed at lowering U.S. housing costs and some mortgage rates.
According to CoinWorld news, Trump signed an executive order on Thursday local time aimed at reducing housing costs for American taxpayers interested in purchasing single-family homes. According to the executive order published by the White House, Trump directed Bill Pulte, Director of the Federal Housing Finance Agency, to establish a pilot program that would proactively cancel mortgage insurance premiums for borrowers once they meet the corresponding home equity requirements based on current market value. The executive order also established a "Prefabricated Housing Innovation Working Group," which is expected to explore measures to improve housing construction quality and reduce construction costs by promoting the application of modern manufacturing technologies. In addition, the executive order directed U.S. Secretary of Agriculture Brooke Rollins and Secretary of Veterans Affairs Doug Collins to respectively lower the interest rates on single-family home loans issued by their respective departments.
ETH DVOL指数报52.26点
CoinWorld data: The latest reading of the ETH DVOL index is 52.26 points.