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Federal Reserve Chair Finalists Selected: Trump's Decision Pending

Key Points: The selection process for a new Federal Reserve Chair is underway, impacting potential financial shifts.
Trump narrows it down to five candidates.
Decision expected by year’s end, may influence market dynamics.
Treasury Secretary Steven Mnuchin confirmed the final candidates for Fed Ch
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MegaETH ICO Raises $50 Million in Record Time

Key Points: MegaETH’s ICO oversubscribed, raising $50 million swiftly, impacting Ethereum-related assets.
$50 million raised in only 5 minutes.
Strong community interest reflected in rapid oversubscription.
MegaETH’s ICO, launched on October 27, rapidly exceeded expectations, amassing over $50 mil
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BNB Chain Completes 33rd Quarterly Token Burn

Key Points: BNB Foundation conducts token burn, reducing supply to 137.74 million.
Token burn worth approximately $1.21 billion.
Auto-Burn mechanism aims to decrease supply to 100 million.
The BNB Foundation announced the completion of its 33rd quarterly token burn on October 27, effectively
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Chijet Raises $300M for Digital Asset Custody Shift

Key Points: Chijet raises $300M for digital asset custody shift, led by CEO Melissa Chen.
Funds to expand crypto storage ecosystem, enhance financial agility.
No immediate cryptocurrency market or regulatory reaction noted.
Nasdaq-listed Chijet Motor Company, Inc. (CJET) secured $300 million
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Trump Hints at Potential Federal Reserve Rate Changes

Key Points: Trump hints at potential Federal Reserve rate changes by end of 2025.
Possible impact on US monetary policy and cryptocurrency markets.
Market anticipates economic shifts, influencing digital assets.
U.S. President Donald Trump announced on October 27th that decisions regarding the Fed
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Trump Cryptic Remarks on Crypto and National Debt Debunked

Key Points: Alleged Trump comments on crypto for U.S. debt lack primary sources.
No official statements confirm the proposal.
Crypto community notes absence of verifiable government plans.
Former President Donald Trump reportedly suggested, at a private gathering, cryptocurrency could address the
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Stablecoin Usage Surges Post U.S. Regulatory Approval

Key Points: The U.S. approves crypto regulatory bill, promoting stablecoin usage growth.
Stablecoin transactions potentially reach $122 billion by 2025.
Market responds, noting increased institutional involvement in stablecoins.
The United States’ recent regulatory bill is accelerating stablecoin
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U.S.-China Talks Achieve Preliminary Trade Agreement

Key Points: Key Point 1
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Li Chenggang, China’s International Trade Representative, announced a preliminary consensus following intense economic discussions with the United States on October 26, focusing on reciprocal tariffs and broader terms.
The talks potentially signal s
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StraitsX Secures Significant Backing for Expansion

Key Points: StraitsX secures $10 million funding to expand stablecoin infrastructure in Asia.
Funding led by UQPAY and supported by NTT DOCOMO.
Focus on cross-border payment scenarios and Web3 integration.
StraitsX, the stablecoin payment platform, announced the completion of a $10 million
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Tariff Strategy in U.S.-Vietnam Trade Pact

Key Points: Key Point 1
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The United States and Vietnam have agreed on a new trade framework maintaining a 20% tariff on October 26th, aiming for an equitable bilateral agreement.
The deal preserves economic ties, potentially impacting trade patterns but showing no
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SoftBank Clears $22.5B for OpenAI as Restructuring Nears Completion

In Brief
SoftBank approves $22.5B as part of its $30B investment in OpenAI.
Investment hinges on OpenAI completing corporate restructuring by year-end.
SoftBank stock rises 5.69%, reflecting strong investor response to the funding news.
SoftBank has approved a second installment of $22.5
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Tech and Crypto Leaders Deny Funding Trump Banquet Hall

Key Points: No verified billionaire or company donations to the White House event.
Global crypto firms focus on strategic growth and innovation events.
Cryptocurrency market remains unaffected by the White House news.
ChainCatcher is set to host the ‘Crypto 2025: Breaking the Deadlock and New
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Tether Introduces USAT Stablecoin and Invests in Rumble

Key Points: Tether launches USAT stablecoin via Anchorage Digital, investing in Rumble.
USDT market supply reaches $182 billion.
Tether Gold market size doubled this year.
Tether plans to launch a US-focused stablecoin, named USAT, in December through Tether America, a venture with Anchorage Digit
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