1. Xi Jinping and Biden Talk, Emphasizing Cooperation and Win-Win Outcomes

President Xi Jinping had a phone call with U.S. President Biden tonight, engaging in candid and in-depth discussions on China-U.S. relations and issues of mutual concern, and providing strategic guidance for the stable development of bilateral relations. Xi pointed out that China-U.S. relations are of great significance to both countries and the world, and both sides should move towards each other to achieve mutual respect, peaceful coexistence, and win-win cooperation. He emphasized that recent consultations between the two teams reflect the spirit of equality, respect, and reciprocity, and that differences should continue to be handled properly to avoid unilateral trade restrictions affecting existing achievements. On the TikTok issue, China's position is clear: it supports companies in reaching solutions that comply with Chinese laws and balance interests under market rules, and hopes the U.S. will provide an open, fair, and non-discriminatory business environment for Chinese companies. -Original

2. Kashkari of the Federal Reserve Expects Two More Rate Cuts This Year

Minneapolis Federal Reserve President Kashkari expressed support for the Federal Reserve's rate cut decision this week and expects two more rate cuts this year. He emphasized the need for action to support the labor market due to the risk of rising unemployment, while also stating that the path of rate cuts is not predetermined, and future policies will adjust based on economic conditions, including the possibility of pausing rate cuts or raising rates. -Original

3. U.S. Treasury Seeks Public Input on Stablecoin Regulation

The U.S. Treasury has initiated the formulation of implementation rules for the "GENIUS Act" and is seeking public input through a "Notice of Proposed Rulemaking" process, covering topics such as issuer restrictions, sanctions compliance, anti-money laundering, taxation, and reserve asset custody. The public and cryptocurrency companies can submit feedback by October 20. This marks a substantial phase in stablecoin regulation and forms a supporting framework with the "Digital Asset Market Clarity Act." -Original

4. U.S. Senate Fails to Pass Temporary Spending Bill

According to Golden Finance, the temporary spending bill aimed at avoiding a government shutdown failed to pass in the Senate. -Original

5. 7,441 BTC Transferred from Coinbase to Unknown Wallet

Whale Alert monitoring shows that 7,441 bitcoins (approximately $870 million) were transferred from the Coinbase platform to an unknown wallet address, with the specific reason for the transfer still unclear. -Original

6. SEC Releases Cryptocurrency ETF Listing Standards

The U.S. Securities and Exchange Commission (SEC) has released listing standards for cryptocurrency ETFs, which industry insiders believe will promote market development. However, analysis indicates that there may be imbalances in price impacts. -Original

7. FTX to Initiate $1.6 Billion Third Round of Creditor Payments

FTX will initiate the third round of creditor payments on September 30, totaling approximately $1.6 billion, covering both "convenience claims" and "non-convenience claims." Retail users are expected to receive about 120% of their account balances in fiat payments, but some users have expressed dissatisfaction with the payment value being lower than their original assets. So far, unsecured creditors have received 85% of their payments, and full repayment is expected. Payments will be distributed through platforms such as BitGo, Kraken, or Payoneer. FTX filed for bankruptcy in 2022 due to a liquidity crisis. -Original

8. EU Proposes Measures to Combat Russian Tax Evasion via Cryptocurrency

EU High Representative for Foreign Affairs and Security Policy Borrell has suggested measures to address Russia's financial tax evasion schemes using cryptocurrency in third countries. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

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