Polymarket data shows that the probability of the Federal Reserve raising interest rates in October is 37%, and the probability of keeping interest rates unchanged is 61%.

US Senate Republicans have officially proposed a cryptocurrency tax bill. （Watcher.Guru）

Bitcoin briefly rose to $85600 on Wednesday after lower than expected personal consumption expenditure (PCE) inflation data for August in the United States, before falling back to $84350. The derivatives market cleared $55 million in short orders and $27 million in long orders within four hours of the data release. (Source: Bitcoin.com News)

The Chairman of the US Securities and Exchange Commission, Atkins, stated that the agency is committed to providing regulatory clarity for cryptocurrency and digital finance innovation. （Watcher.Guru）

The cryptocurrency industry spent $13 million on lobbying in the first half of this year, with the largest portion going towards promoting the Clarity Act, which has not made progress in the US Senate. Coinbase leads related lobbying expenditures, with multiple cryptocurrency companies and industry associations hiring lobbyists, and the industry paying millions of dollars in service fees to at least 42 external professional organizations.