AICoin Daily Report (October 11)

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12 hours ago

1. Trump's Consideration to Pardon Binance Founder CZ Raises Concerns Within the White House

According to Golden Finance, Trump is discussing whether to pardon Binance founder Changpeng Zhao (CZ), but there are concerns within the White House about the potential public opinion impact of such a decision. -Original

2. Global Banks Collaborate on Stablecoin Project, Including Citigroup

Sources reveal that major global banks such as Santander, Bank of America, Barclays, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, MUFG, TD Bank, and UBS are planning to jointly launch a stablecoin project. -Original

3. Citigroup Joins Euro Stablecoin Development Project to Promote Regional Payment Innovation

Citigroup has announced its participation in a European banking group to jointly advance the development of a euro stablecoin. -Original

4. Federal Reserve's Musalem Open to Rate Cuts, Cautions on Policy Approach

Federal Reserve official Musalem stated that inflation remains high, and there are signs of weakness in the labor market, limiting the space for policy easing, but he is open to further rate cuts. He emphasized the need for a cautious approach to avoid overly loose policies. -Original

5. Whale Purchases 323.5 BTC, Fund Flow Raises Concerns

On-chain analysis shows that a whale or institution purchased 323.5 BTC for $39.328 million, with an average price of approximately $121,570. The funds were transferred through four wallets to complete the transaction on Hyperliquid, after which the BTC was withdrawn back on-chain. -Original

6. U.S. October Inflation Expectations Initial Value Recorded at 4.6%, Below Market Expectations

On October 10, the initial value of the one-year inflation rate expectation in the U.S. was 4.6%, lower than the market expectation of 4.7%, with the previous value also at 4.7%. -Original

7. Abu Dhabi Airport Pilots Crypto Payments to Advance Digital Transformation

Abu Dhabi Airport has signed a memorandum of understanding with Abu Dhabi investment firm Al Hail Holding to trial stablecoin and cryptocurrency payment solutions. The two parties will collaborate to develop a regulated digital wallet designed for inbound travelers at Zayed International Airport, aiming to enhance user experience and solidify the UAE's position as a global hub for tourism, fintech, and sustainable transportation. Al Hail Holding has previously invested in digital bank Zand, and this collaboration will also involve AI system integration and sustainable infrastructure development to optimize operational efficiency and promote the airport's digital transformation. -Original

8. Polymarket Returns to U.S. Market Operations, Receives CFTC Approval

Sources indicate that the prediction market platform Polymarket's native token plans may be delayed until next year, as the company currently focuses on returning to the U.S. market. Previously, Polymarket was banned from operating by the CFTC for violations, but it has now regained operational approval by acquiring the regulated exchange QCX and receiving a "no-action letter" from the CFTC. The platform has reopened in sports and election markets and holds about 31% of the global prediction market share, second only to Kalshi. -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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