CEO of Morgan Stanley: Trump brings inflation risk, Federal Reserve doesn't want to reverse interest rate cut decision

The CEO of Tether stated that the questioning of Tether is invalid as critics have overlooked the company's over $3 billion in group equity and $500 million in monthly profits. （Cointelegraph）

American entrepreneur Elon Musk has stated that Bitcoin is a real energy based currency. （Bitcoin Archive）

As of October 10th, the open interest of XRP futures decreased from 1.7 billion XRP at the beginning of October to 700 million XRP, a decrease of about 59%; At the same time, the funding rate decreased from approximately 0.01% to 0.001% (7-day simple moving average). This change marks a significant decrease in speculative enthusiasm for the rise of XRP in the market. （glassnode）

[Tether CEO Claims Monthly Revenue of Approximately $500 Million from U.S. Treasury Holdings] Tether CEO Paolo Ardoino posted on the X platform stating that, according to the latest attestation report for the third quarter of this year, Tether has billions of dollars in excess reserve buffers, with total assets amounting to approximately $215 billion and stablecoin liabilities around $184.5 billion. He noted that Tether's holdings in U.S. Treasury bonds alone generate approximately $500 million in monthly revenue and criticized S&P for not taking this into account, suggesting that S&P may intentionally support Tether's competitors.

Binance QNT is currently priced at $105.44, with a 9.6% increase over 24 hours. 24-hour transaction volume of 100 million US dollars, an increase of 11.45%, for reference only