10.15 AI Daily AI Reshapes the encryption Industry: OpenAI Leads Content Openness, Regulatory and Innovation Game Intensifies

1. Headline

1. OpenAI announces that ChatGPT will open up to generating erotic content

OpenAI founder Sam Altman announced today that starting in December, the content restrictions on ChatGPT will be relaxed, allowing age-verified adult users to generate erotic content. This adjustment disrupts the traditional conservative mindset of tech companies regarding content moderation and once again puts the AI industry in a tug-of-war between freedom and regulation.

Altman stated that the new version of ChatGPT will allow users to customize the conversation style of their AI assistants, including extensive use of emojis, mimicking friends' tones, and even shaping different personality settings. The most striking feature is that adult-only content will be officially available starting in December. OpenAI will implement stricter age verification and mental health protection measures to ensure that teenage users are not affected.

Industry insiders point out that this initiative will promote the diversified development of AI content generation, meeting the needs of different user groups. However, some believe that the openness of adult content may bring ethical and moral controversies, and OpenAI needs to establish clear review standards and protective mechanisms. Regardless, this will be a significant test for AI content regulation.

2. WhiteBridge AI is accused of illegally selling false reputation reports.

Lithuanian AI company WhiteBridge AI has been complained to by the EU privacy organization Noyb, accusing it of violating multiple GDPR provisions by selling reputation reports containing false “nude” and “dangerous political content” warnings, requiring users to pay to view them and using “electronic signatures” as barriers to prevent corrections, raising privacy rights controversies.

According to reports, WhiteBridge AI claims to scan personal information on the internet using AI technology to generate reputation reports. However, Noyb found that the company mixed false warnings in the reports, such as “nude content” and “dangerous political content,” forcing users to pay to view the report details. Furthermore, users who want to correct the report content must pay high fees and provide an “electronic signature.”

Noyb pointed out that this intimidation-based business model seriously infringes on users' privacy rights, and WhiteBridge AI's practices violate multiple provisions in the GDPR regarding data accuracy, transparency, and user rights. This case has once again sparked discussions in the industry about the transparency of AI algorithms and ethical review.

3. Japan plans to legislate to prohibit insider trading of cryptocurrencies

The Japanese Financial Services Agency plans to submit an amendment that clearly prohibits cryptocurrency trading based on non-public information, with violators facing economic penalties proportional to illegal gains. The amendment will authorize the Securities and Exchange Surveillance Commission to investigate suspicious cases and recommend increased fines or criminal referrals.

Currently, Japan's Financial Instruments and Exchange Act does not cover insider trading regarding cryptocurrencies; regulation mainly relies on self-regulation by cryptocurrency companies and industry associations. However, as the cryptocurrency market continues to expand, violations such as insider trading are also increasing, making it urgent to improve relevant laws and regulations.

The Financial Authority plans to finalize regulatory details by the end of the year and submit amendments at next year's parliamentary session. Industry insiders say that this move will help maintain fairness and transparency in the cryptocurrency market, protect the legitimate rights and interests of investors, and promote the long-term healthy development of the industry.

VolShares applies for the launch of a 5x leveraged cryptocurrency ETF

According to a post by Bloomberg ETF analyst Eric Balchunas, VolShares has applied to launch a 5x leveraged single stock and cryptocurrency ETF, covering underlying assets including COIN, CRCL, GOOG, MSTR, NVDA, PLTR, TSLA stocks, as well as cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP.

This is VolShares' most aggressive attempt following the launch of the 1x XRP futures ETF and the 2x XRP ETF. Once approved, investors will be able to participate in the cryptocurrency market with higher leverage, seeking potential high returns. However, they also face greater risk exposure.

Analysts point out that the launch of high-leverage cryptocurrency ETFs will further promote the integration of crypto assets with traditional financial markets. However, due to the high volatility of cryptocurrencies themselves, regulators may impose stricter requirements on risk control and investor suitability for such products.

5. Will the Aster price breakout, whale movements, and airdrops drive a rebound?

The price of cryptocurrency Aster broke through a long-term sideways pattern on October 15, attracting market attention. Data shows that the price of Aster rose by 3.89% in the past 24 hours, briefly surpassing the $0.35 mark during the session.

Analysts believe that there are three main reasons driving the rise in Aster prices: first, large institutional investors have recently entered the market, providing support from a capital perspective; second, the Aster ecosystem is launching new airdrop activities, attracting the attention of some investors; additionally, Aster's underlying technology has certain advantages in the decentralized exchange field, and its future development prospects are worth looking forward to.

However, some believe that the rise of Aster may only be a short-term rebound, and more favorable support is needed to enter a bull market. Investors need to remain cautious and pay close attention to project developments and fundamental changes. Overall, there is uncertainty in the future of Aster, and investments need to be viewed rationally.

2. Industry News

1. Bitcoin briefly broke through the $115,000 mark, but the momentum is weak.

Bitcoin briefly broke through the $115,000 mark on Saturday but then fell back to around $114,000. Analysts believe that the lack of momentum in Bitcoin's rise is mainly due to investors' concerns about the Federal Reserve's interest rate hike path. Although Fed Chair Powell hinted at a 25 basis point rate cut again this month, pessimism about the economic outlook continues to spread in the market.

The trading volume data shows that Bitcoin's daily trading volume has decreased by about 10% compared to the previous day, reflecting a weakening willingness of investors to enter the market. Some analysts warn that Bitcoin may face further downside risks as investors gradually withdraw from the cryptocurrency market in favor of seeking safer haven assets.

However, some analysts are optimistic about Bitcoin's long-term prospects. They believe that with the continued influx of institutional investors and the gradual clarification of the regulatory environment, Bitcoin is expected to strengthen again in the coming years. Overall, Bitcoin will still face significant volatility in the short term, and investors need to remain cautious.

2. Ethereum breaks through the $4200 mark, DeFi ecosystem activity rebounds.

Ethereum broke through the $4200 mark on Saturday, with an intraday increase of over 5%. Analysts pointed out that the rise of Ethereum is mainly driven by the recovery of activity in the DeFi ecosystem. Data shows that the total locked value of mainstream DeFi protocols Lido and ETH.fi has increased in the past 24 hours, reflecting a restored confidence among investors in the DeFi space.

At the same time, the daily trading volume has rebounded, increasing by nearly 20% month-on-month, with Uniswap contributing a significant portion of the transaction volume. Analysts believe that this phenomenon indicates that investors are gradually re-entering the DeFi market in search of higher investment returns.

However, some analysts are concerned about the sustainability of the DeFi ecosystem. They point out that due to a lack of effective regulation, DeFi projects face higher risks, and investors need to conduct thorough due diligence on the projects. Additionally, as Gas fees on Ethereum continue to rise, the development of the DeFi ecosystem may also be affected to some extent.

Overall, the short-term outlook for Ethereum and the DeFi ecosystem remains uncertain, and investors need to be fully aware of the risks.

3. The altcoin market is active, with WRT surging 60% in a single day, attracting attention.

In the past 24 hours, the altcoin market has experienced significant volatility. Among them, WRT surged 60% in a single day, attracting widespread attention. Analysts believe that the surge in WRT is mainly due to the large-scale marketing activities of the project on social media, which have attracted a lot of retail funds.

However, some analysts have raised doubts about the long-term prospects of WRT. They point out that WRT lacks real application scenarios, and its price mainly relies on speculative trading, which poses a high investment risk. Furthermore, the altcoin market has always been plagued by scams and manipulation, so investors need to be particularly cautious.

Meanwhile, some other well-known altcoins like DOGE and SHIB have also seen varying degrees of increase. Analysts believe this is mainly due to investors seeking higher returns during the downturn in the cryptocurrency market. However, they also warn that the volatility of altcoins is extremely high, and investors need to manage their risk exposure.

Overall, the activity level of the altcoin market reflects that investors' enthusiasm for the cryptocurrency market is still present, but there are also significant investment risks. Investors need to conduct thorough due diligence on projects and manage their risk exposure.

4. Analysts warn: The Bitcoin bull market may be over, retail investors face risks.

Despite Bitcoin showing some upward momentum in October, some analysts warn that the Bitcoin bull market may have ended, and retail investors face significant investment risks.

Analysts point out that Bitcoin's rise in October is contrary to historical trends, which may signal an impending market adjustment. In addition, the outflows from Bitcoin ETFs also indicate that institutional investors are reducing their exposure to Bitcoin, further exacerbating the downward pressure on the market.

On the other hand, some analysts remain optimistic about the long-term prospects of Bitcoin. They believe that with the gradual clarification of the regulatory environment and the continued influx of institutional investors, Bitcoin is still expected to strengthen again in the coming years.

However, analysts still advise retail investors to remain cautious at this stage and manage their risk exposure well. Bitcoin is highly volatile, and late-stage investors may face significant downside risks.

Overall, the future trend of Bitcoin still has a high degree of uncertainty. Investors need to remain highly vigilant about the market and make prudent decisions based on their own risk preferences and investment goals.

5. Cryptocurrency exchanges may introduce a “circuit breaker” mechanism to limit extreme market fluctuations.

Recent volatility in the cryptocurrency market has exposed structural issues in exchange liquidation and risk control. Some exchanges have profited in extreme market conditions, while others have incurred losses of hundreds of millions of dollars.

Industry reports indicate that automatic clearing systems aimed at providing liquidity have actually amplified market chaos during severe fluctuations, prompting institutions to reassess risk management measures. 10x Research points out that there is ongoing discussion in the industry about whether to draw on traditional finance's “circuit breaker mechanism” to limit extreme volatility in the cryptocurrency market.

Once implemented, the circuit breaker mechanism may permanently change the volatility structure and profit logic of the cryptocurrency market. Analysts believe that while this mechanism may curb speculative behavior in the market to some extent, it could also affect market liquidity and spark new controversies.

Meanwhile, Federal Reserve Chairman Powell sent strong signals for interest rate cuts in his latest speech, providing short-term support for risk assets. However, analysts warn that Powell's wording does not represent a relaxation of the Fed's stance on inflation, and investors should remain vigilant about potential policy shifts.

Overall, the cryptocurrency market is undergoing significant changes. Investors need to closely monitor changes in regulatory policies and carefully assess potential risks and opportunities.

6. The correlation between Bitcoin and gold is rising, and the values of traditional and digital assets are merging.

Recently, the correlation between Bitcoin and gold has continued to rise, currently exceeding 0.85. Analysts believe this reflects a gradual merging of values between traditional and digital assets.

Gold prices hit a new all-time high last week, driven mainly by central banks' large-scale increase in gold reserves and a decline in real yields. Meanwhile, institutional investors are also increasing their allocation to gold, viewing it as an important tool for hedging against inflation and geopolitical risks.

Similar to gold, Bitcoin is increasingly viewed by investors as a means of storing value. Against the backdrop of high inflation and tense geopolitical situations, the hedging properties of Bitcoin have begun to stand out. In addition, the scarcity and decentralized characteristics of Bitcoin have also attracted the favor of many institutional investors.

However, some analysts express skepticism about the long-term correlation between Bitcoin and gold. They believe that Bitcoin, as an emerging asset, still has significant price volatility and shows clear differences from the mature gold market.

Overall, the rising correlation between Bitcoin and gold reflects an increasing recognition of digital assets among investors. However, there are also essential differences between the two, and investors need to have a thorough understanding of the risks.

7. The cryptocurrency exchange Gate has announced the launch of options trading features.

The cryptocurrency exchange Gate announced the launch of options trading functionality, which will provide investors with more investment tools and risk management methods.

get indicates that the newly launched options feature will support major cryptocurrencies such as BTC, ETH, SOL, XRP, DOGE, and will provide various options strategies, including call options, put options, and spread options.

Analysts believe that the introduction of options trading will help attract more institutional investors into the cryptocurrency market. Compared to spot and futures trading, options trading can better control risk exposure and provide more flexible investment strategies.

However, some analysts have warned about the risks of cryptocurrency options trading. Due to the high volatility of the cryptocurrency market, there are certain challenges in options pricing, and investors need to have a thorough understanding of options trading to avoid blind operations.

In addition, the regulatory policies for cryptocurrency options trading are also an issue worth paying attention to. Currently, there are discrepancies in the regulation of cryptocurrency derivatives trading across different countries, and investors need to understand the relevant laws in different jurisdictions.

Overall, the introduction of cryptocurrency options trading has provided investors with more investment choices, but it has also brought new risks and challenges. Investors need to have a thorough understanding of the risks and take appropriate risk management measures.

8. Analyst: The Solana ecosystem may experience explosive growth in the fourth quarter.

Some analysts predict that the Solana ecosystem may experience explosive growth in the fourth quarter.

3. Project News

1. WhiteBridge Network (WBAI): AI-driven DePIN reshaping personnel data intelligence

WhiteBridge Network is a decentralized personnel data intelligence platform built on the BNB Chain. The project aims to address the core trust issues of the digital age by integrating artificial intelligence with blockchain technology.

WhiteBridge Network adopts a unique DePIN( decentralized physical infrastructure network) architecture, integrating over 30 data providers and covering more than 3.59 billion individual profiles, establishing a global layer of personnel data trust. The platform utilizes AI agents for data verification and analysis, transforming it into actionable insights, providing services such as identity verification and reputation assessment for businesses and individuals.

In terms of commercialization progress, WhiteBridge has demonstrated remarkable achievements: as of the third quarter of 2025, the project has achieved an annual recurring revenue of $3 million (ARR), with over 100,000 registered users, and maintains a monthly growth rate of 40-50%. The platform has processed over 3.7 million search queries and generated over 850,000 identity reports, proving the market demand for its solutions.

Industry experts believe that the innovation of the WhiteBridge Network lies in combining decentralized data infrastructure with AI technology, providing a new solution to the trust issues on the internet. This project is expected to reshape the field of personal data intelligence, offering a more transparent and trustworthy identity verification experience for businesses and individuals. However, the project still faces numerous challenges in technical implementation and privacy protection, and its future development is worth ongoing attention.

2. Yei (CLO): The New Star of Cross-Chain Liquidity, Full Analysis of Airdrop Value

Yei is a DeFi cross-chain liquidity protocol launched in early 2025, quickly emerging in the competitive decentralized finance space with its innovative “one deposit, earn across chains” model. The project addresses the key pain point of liquidity fragmentation in the multi-chain ecosystem through its core product Clovis, creating an unprecedented convenient experience for liquidity providers.

In just a few months, Yei has successfully completed multiple rounds of pre-deposit activities, with the third round selling out in just 20 minutes, demonstrating strong market demand for its solutions. The core token of the project, CLO, will soon be distributed through airdrops, targeting early users and ecological contributors of the Clovis product.

Analysts believe that Yei's cross-chain liquidity solution addresses the current pain points in the DeFi sector and has broad development prospects. The innovation of this project lies in the ability to earn yields across multiple chains with a single deposit, significantly reducing users' operational costs and complexity. However, the project still needs further improvement in areas such as security and scalability.

Overall, Yei represents a new trend in the DeFi cross-chain liquidity space, and its CLO airdrop will also become a market focus. For investors seeking passive income, closely following the project's development will be a good choice.

3. BTCFi: Pioneer of Bitcoin Eco DeFi, Odin.fun is about to launch

BTCFi is a DeFi project dedicated to creating a “Bitcoin Financial Lego” ecosystem. Its underlying protocol uses a scalable BTC Layer2 architecture, compatible with the Runes standard, bringing true financial-grade liquidity solutions to the Bitcoin ecosystem.

Unlike traditional DeFi projects, BTCFi is centered around native assets of the Bitcoin ecosystem, achieving liquidity pools, asset interoperability, and cross-chain financial protocols through modular design. The project aims to broaden the value capture boundaries of BTC and provide a secure and transparent financial infrastructure for institutional investors.

It is reported that BTCFi will officially launch on the Odin.fun platform for its debut trading on October 16 at 16:30. As a well-known platform in the Solana ecosystem, Odin.fun's strong traffic and community foundation are expected to inject new momentum into the BTCFi project.

Industry experts believe that the launch of BTCFi will become an important catalyst for the financialization of the BTC ecosystem. This project brings unprecedented DeFi innovations to the Bitcoin ecosystem and is expected to promote the transformation of BTC from a digital currency to a digital asset. However, the project still faces many challenges in terms of security, regulatory compliance, and other aspects, and its future development deserves continued attention.

4. Pi Network: Mobile Mining Scam or Opportunity?

Since its launch in 2019, Pi Network claims to have nearly 60 million users worldwide, but its token price has plummeted 90% from $3 to $0.21, the mainnet was delayed for several years to launch, and the centralized control of the core team has raised similar doubts.

The original design concept of the project was to issue Pi coins through mobile mining, claiming to establish a decentralized digital currency ecosystem. However, over time, Pi Network has faced increasing skepticism and criticism.

Critics point out that the mobile mining model of Pi Network has significant vulnerabilities and flaws, making it impossible to truly achieve decentralization. In addition, the project team lacks transparency in the token issuance and distribution process and has been accused of centralization control issues.

However, some supporters believe that the innovative concept of Pi Network is commendable, and as long as the project team can address existing issues, there is still potential for future development. They believe that the mobile mining model is likely to attract more ordinary users into the cryptocurrency space.

Overall, the prospects of the Pi Network are quite uncertain. Investors need to carefully assess the risks and opportunities of the project and remain highly cautious when considering whether to participate.

5. Sui: Move system's new star shows its brilliance, ecological construction has a long way to go

Sui is an emerging public chain based on the Move language, created by former Meta( Facebook) employees, which attracted a lot of attention during the TOKEN2049 conference.

As one of the representative projects of the Move ecosystem, Sui has demonstrated impressive strength at the technical level. The project employs a brand-new parallel execution engine that can achieve high throughput and low latency while maintaining the inherent security and composability of the Move language. In addition, Sui has introduced a new model of digital asset ownership that is expected to promote innovative development in the Web3 space.

In terms of ecological construction, Sui has already attracted a number of well-known projects to settle in, including Cetus and Navi. However, there are indeed few tradable assets in the current Sui ecosystem, with only a handful of star projects. Therefore, Sui needs to further increase its support for the ecosystem and attract more high-quality projects to land.

Analysts believe that Sui represents a new trend in the development of public chains, and its technological innovations are worth paying attention to. However, as an emerging public chain, Sui still has a long way to go in terms of ecosystem construction and user expansion, and it requires patience for it to gradually mature. For investors, closely monitoring the development trends of Sui and understanding its technological progress and ecological changes will be a wise choice.

4. Economic Dynamics

1. Powell releases signals for interest rate cuts, employment downturn risks increase

Federal Reserve Chairman Jerome Powell spoke at the National Association for Business Economics annual meeting, signaling a potential interest rate cut. He stated that although the government shutdown has caused some economic data to be delayed, existing data shows that the employment and inflation outlooks have not changed much since September.

Economic background: The overall U.S. economy continues to grow steadily, with the initial annualized quarterly GDP for the third quarter at 2.6%, slightly lower than the previous quarter's 2.8%. The inflation rate has eased but remains above the 2% target, with the September core PCE price index rising 5.1% year-on-year. The job market remains tight, with the unemployment rate at 3.5% in September.

Important event: Powell revealed in his speech that the Federal Reserve may end its efforts to reduce its balance sheet in the coming months. He emphasized that the future direction of monetary policy will be driven by data and risk assessment, rather than following a preset path. This suggests that the Federal Reserve is likely to cut interest rates again within the year.

Market Reaction: Powell's speech has greatly increased market expectations for a rate cut in December. Federal funds futures contracts show that investors believe there is an 89% chance of a 25 basis point rate cut in December. The stock market and cryptocurrency market have rebounded, with investors' demand for risk assets recovering.

Expert analysis: Former Federal Reserve economist Julia Coronado stated, “The interest rate cut in October is a foregone conclusion. Nothing can change the view that there are still downside risks in the labor market.” Senior economist Yelena Shulyatyeva from the Conference Board believes, “Currently, the risks in employment are on the rise. This will become the main driving factor for recent decisions.”

2. Inflationary pressures ease, economists call for attention to growth.

Although the inflation rate has eased, some economists believe the Federal Reserve should shift its focus to supporting economic growth. They point out that energy prices are falling, rental housing inflation is also slowing, and inflationary pressures are easing.

Economic Background: The US economic growth has slowed down this year, with the preliminary annualized quarterly GDP rate for the third quarter at 2.6%, down from 2.7% in the first half of the year. However, the job market remains strong, with the unemployment rate holding steady at a low of 3.5%. Although the inflation rate has declined, it is still well above the 2% target.

Important event: Neil Dutta, Chief Economist at Renaissance Macro, pointed out that inflation is no longer a problem, and the Federal Reserve should fully shift its focus to supporting the weakening economy. He believes that policymakers should make it clear that maintaining economic growth should be the top priority at present.

Market reaction: Investors' expectations for the Federal Reserve to cut interest rates again this year have increased. The futures market expects a cumulative rate cut of about 125 basis points by the end of 2026. This is expected to provide support for the stock market and the cryptocurrency market.

Expert analysis: Helfstein pointed out that reports before the government shutdown indicate that inflation is primarily driven by tariffs, housing, and utilities, while the Federal Reserve's interest rate policy has a limited impact on prices in these areas. This may give the Federal Reserve room to continue lowering interest rates even when overall inflation remains above target.

3. The labor market cools down, and the Federal Reserve faces a difficult choice.

Federal Reserve official Collins stated in a speech that the labor market has cooled to a peculiar balance. She believes that if employment weakens further, it will lead to unwanted softness, making the economy more susceptible to adverse shocks.

Economic Background: The U.S. job market has slowed down this year but remains relatively robust. In September, non-farm payrolls increased by 263,000, slightly below expectations. The unemployment rate remains low at 3.5%. Wage growth is moderate, which helps to curb inflationary pressures.

Important event: Collins pointed out in her speech that the labor market has cooled to a peculiar state of balance—there are not many hires or layoffs, and the unemployment rate remains relatively low. She believes that perhaps a further rate cut of 25 basis points would be appropriate.

Market Reaction: Investor expectations for another rate cut by the Federal Reserve this year have further increased. The futures market anticipates the probability of a 25 basis point cut in October and December to be 97% and 89%, respectively. This is expected to provide support for the stock market and the cryptocurrency market.

Expert analysis: Collins emphasizes that both short-term and long-term inflation indicators are relatively stable at present. She states that the greater concern lies in the labor market. “However, if it weakens further, it will lead to undesirable softness, making the economy more vulnerable to adverse shocks and potentially triggering more unfavorable dynamics.”

5. Regulation & Policy

1. The Japanese Financial Services Agency plans to legislate against insider trading in cryptocurrencies.

The Japanese Financial Services Agency is preparing to introduce new regulations that clearly prohibit cryptocurrency trading based on non-public information. This move aims to combat insider trading practices in the cryptocurrency sector.

According to a report by the Nikkei, the Financial Services Agency of Japan plans to submit an amendment that explicitly prohibits the use of undisclosed information for cryptocurrency trading. Violators will face economic penalties proportional to their illegal gains. The amendment will also authorize the Securities and Exchange Surveillance Commission to investigate suspicious cases and recommend increased fines or referral for criminal investigations.

Currently, Japan's Financial Instruments and Exchange Act does not cover the cryptocurrency sector regarding insider trading, and regulation mainly relies on self-regulation by cryptocurrency companies and industry associations. Critics point out that the existing trading monitoring systems still have shortcomings, leaving room for unfair trading practices.

The Financial Services Agency plans to finalize regulatory details by the end of the year and intends to submit amendments at next year's parliamentary session. Once passed, this will mark a significant advancement in cryptocurrency regulation in Japan, helping to maintain market fairness and protect investors' interests.

Industry insiders welcome this. Chief Compliance Officer Mark Stevenson stated that a clear insider trading ban will bring greater transparency and fairness to the cryptocurrency market, which will help attract more institutional investors.

2. Federal Reserve Chairman Powell signals interest rate cuts, suggesting that the balance sheet reduction will come to an end.

In a speech at the National Association for Business Economics annual meeting, Federal Reserve Chairman Jerome Powell signaled a potential interest rate cut and suggested that actions to reduce the balance sheet would conclude in the coming months.

Powell emphasized that despite the government shutdown causing delays in the release of some economic data, existing evidence suggests that the employment and inflation outlook has not changed significantly since September. He noted that the downside risks to employment have increased, justifying the 25 basis point rate cut in September.

After elaborating on the key role that the balance sheet played during the pandemic, Powell stated that the Federal Reserve may reach a point in the coming months where it could end its efforts to reduce the balance sheet. He emphasized that the Fed will continue to adjust monetary policy based on economic outlook and risk balance, rather than following a predetermined path.

Powell's speech is seen as releasing dovish signals. The market expects the probability of the Federal Reserve cutting rates by 25 basis points in October and December to be 97% and 89%, respectively. Analysts believe that if Powell sends a more hawkish signal, it could trigger a new round of risk asset sell-offs; conversely, if his tone is more dovish, the market may quickly readjust price expectations, and funds will flow back into tech stocks and the cryptocurrency market.

Goldman Sachs chief economist Jan Hatzius believes that Powell's speech conveyed a key message: the Federal Reserve is preparing for the next phase of policy adjustments. She expects that after inflationary pressures ease, the Federal Reserve will end its rate hike cycle in the first half of 2024.

3. The leader of the UK Reform Party proposed establishing a Bitcoin reserve plan worth £5 billion.

At a conference held in London, British Reform Party leader Nigel Farage positioned himself as a “supporter” of the digital asset space and proposed a series of policy initiatives, including the establishment of a national Bitcoin reserve valued at approximately £5 billion.

Farage's main policy proposals include: imposing a unified capital gains tax of 10% on cryptocurrencies; establishing a national Bitcoin reserve of approximately £5 billion using confiscated cryptocurrencies; halting the Bank of England's digital pound project; allowing tax payments in cryptocurrency on a non-mandatory basis.

This policy advocacy has similarities with three policies proposed by Donald Trump during his cryptocurrency campaign, including opposition to central bank digital currencies, openly establishing cooperative relationships with cryptocurrency mining companies and the industry, and prioritizing the leading position in the fintech sector at the federal level.

However, Farage's Reform Party only occupies 5 seats in the UK Parliament, with the Labour Party holding an absolute majority in governance, making it difficult for its policy proposals to be implemented in the short term. Analysts believe this is more like a political show aimed at attracting the attention of voters.

However, some experts believe that Farage's claims reflect the growing importance of cryptocurrency in the UK. Ross Anderson, a professor of cryptography at Cambridge University, stated that establishing a national cryptocurrency reserve is an idea worth exploring, as it could enhance the UK's influence in this emerging field.

Overall, although Farage's proposal is difficult to implement in the short term, it sets a tone for the future of cryptocurrency policy in the UK and provides a reference for policy-making in this area for other countries around the world.