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More →Vlad Tenev: US tokenized markets need long-term regulatory rules
According to Bijie news, Robinhood CEO Vlad Tenev stated that the U.S. tokenized market needs durable regulatory rules. On the third-quarter earnings call, he said that the U.S. Securities and Exchange Commission's innovation exemption is a positive step, but uncertainty in regulatory rules is preventing investors from committing assets to the tokenized market. Robinhood plans to launch tokenized private company equity products overseas and is seeking a compliant path in the United States that meets investor accreditation restrictions. In the third quarter, Robinhood's cryptocurrency revenue fell 55% year-over-year to $120 million, while cryptocurrency notional trading volume dropped 38% to $50 billion.
Bitget股票现货上线RAURE（Aurelion）
Bitget announces that RAURE (Aurelion) is now available for spot trading. As of now, the Bitget platform supports a total of 3,031 stock spot Rtoken.
Fed official: Interest rate hike possible before year-end
CoinWorld news: Federal Reserve's Williams said there is no need to rush to act, and it is possible to wait for more data, but if the economy matches his forecast, further rate hikes before the end of the year may be appropriate. Federal Reserve Governor Barr believes economic growth is solid, the labor market remains resilient, inflation is still too high, and supports further efforts to control inflation. Federal Reserve Governor Jefferson believes economic activity and employment are generally solid, and inflation is above target; he emphasized a comprehensive assessment of economic data, outlook, and risks rather than making decisions based on a single indicator. Federal Reserve's Logan believes that ultimately a cumulative 50 basis points of rate hikes may still be needed, but did not specify the timing of concrete actions. Federal Reserve's Kashkari expects one more rate hike may be needed this year, and whether to continue next year depends on inflation and economic resilience. Federal Reserve Governor Waller believes inflation is still too high, and tariffs, energy prices, and demand pressures keep inflation risks persistent; he supports a September rate hike and emphasized that the decision stems from evidence accumulated over several months, not a single month's data. Federal Reserve Chair Warsh declined to hint in advance whether there will be a rate hike in October, explicitly stating that he will not prejudge the outcome of the meeting and does not believe he should announce in advance what actions he may take at the remaining meetings this year.
Swiss company Giotto claimed to have built Europe's most powerful sovereign AI, but after being called out, it admitted that "some model weights came from Kimi."
CoinWorld news: Swiss AI lab Giotto has released two models, Alto and Solo, claiming to have built "Europe's smartest sovereign AI." However, after the release, netizens discovered that Alto describes itself as Kimi, developed by China's Moonshot AI. Giotto co-founder and CEO Aldo Podestà admitted that the model did inherit some Kimi weights, but emphasized that the team retrained it and added its own inference-time compute (TTC) technology. Even more ironically, on October 19, Podestà criticized Europe for packaging open-source models as "sovereign AI," not expecting that he would do the same himself. Similar incidents have occurred multiple times. On September 2, Spanish AI company Multiverse Computing promoted Quasar 438B as "Europe's leading AI model," but did not disclose the model's foundation in the announcement, only revealing the next day in a technical article that it was based on compression and optimization of Zhipu's GLM-5.2.
Trader ps5 builds a short position in the S&P 500 and buys a position on Fed rate forecasts.
According to data from Bijie.com: trader ps5 opened a 300-contract short position on the S&P 500 on HyperLiquid at an average price of $7,720, worth approximately $2.3171 million, with a current unrealized loss of $1,140. At the same time, he spent $7,812 on Polymarket to buy 8,400 contracts predicting that interest rates will remain unchanged in October, with a current unrealized gain of $211. The Federal Reserve will announce its interest rate decision at 2:00 a.m. on October 29 (UTC+8).
RBNZ Governor Breman: Closely monitoring the exchange rate; conditions are favorable for inflation to slow in 2027.
According to CoinWorld news, Reserve Bank of New Zealand Governor Breman stated that the exchange rate is being closely monitored and that conditions are expected to be favorable for inflation to ease in 2027.
The South Korean President's National Security Office convened an emergency meeting to respond to a cyberattack.
According to a report from Bijie.com, the South Korean Presidential Office said that the South Korean President's National Security Office will hold an emergency meeting to discuss responses to cyberattacks involving financial investment companies and cryptocurrency exchanges. Officials will assess the damage caused by cyberattacks targeting the cryptocurrency exchange Bithumb and Mirae Asset Global Investments, and discuss measures to prevent similar incidents from recurring. Bithumb previously reported that its internal systems had been accessed without authorization, resulting in the leakage of employee information. Mirae Asset Global Investments detected unauthorized access attempts to some of its network systems, but no leakage of sensitive information or personal credit information was found.
A whale address bought 4,000 ETH and borrowed 31 million USD in stablecoins.
According to Bijie.com data: 9 hours ago, whale address 0xdea6 bought 4,000 ETH (about $9.4 million) and deposited it into AAVE, then borrowed 6 million USDT and transferred it to Binance to buy ETH again. Currently, this address has 22,504 ETH (about $53.17 million) deposited in AAVE and has borrowed $31 million in stablecoins.
PONS market cap rebounds above $290 million, up over 23% in 24 hours.
CoinWorld data: PONS market cap rebounded above $290 million on October 28, rising more than 23% within 24 hours, with trading volume reaching $17.1 million during the same period. Trader BONK guy stated that if one believes the bottom of Robinhood Chain has appeared, PONS should be heavily positioned at this stage. PONS currently holds an 88% market share on Robinhood Chain Launchpad, having pulled back about 77% from its recent high market cap of approximately $960 million. PONS is the token of Robinhood Chain's native token issuance platform, which supports the creation and issuance of fixed-supply tokens and uses the WETH fees collected to buy back PONS, while the PONS fees collected are directly burned.
US stocks boosted by AI; dollar steady ahead of Fed decision
Stock markets rose on an AI boost, while the dollar held steady ahead of the Federal Reserve's decision, Reuters reported, according to BiJie Network.