The machine learning model constructed by Bloomberg's economic research team shows that the Bank of England (BOE) is highly likely to raise the benchmark interest rate from 3.75% to 4% in February next year, earlier than most economists' predictions of keeping interest rates unchanged. This model is trained on over 50 economic and market indicators since the independence of the Bank of England in 1997. If oil and gas prices continue and push inflation to around 4%, the risk of rising inflation expectations will force the Bank of England to tighten monetary policy. (Source: Bloomberg)

Coinbase CEO Brian Armstrong stated on CNBC that the US Senate is about to reach an agreement on the ethical provisions of the Bitcoin Clarity Act, and Senate officials support it. (Source: CNBC)

At the press conference of the State Council Information Office, Lu Lei, Vice Governor of the People's Bank of China, stated that monetary stability and financial stability are the central goals of the central bank's work. It is necessary to establish a dual pillar framework consisting of a monetary policy system and a macro prudential management system, to do a good job in countercyclical and cross cyclical adjustment, to maintain the matching of social financing scale and money supply growth with expected economic growth and overall price levels, to improve the formation, regulation and transmission mechanism of market-oriented interest rates, to give full play to the decisive role of the market in exchange rate formation, to enhance the elasticity of the RMB exchange rate, to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and to enhance the level of monetary policy communication and expectation management.

The Singapore Exchange (SGX) has been authorized by the US Commodity Futures Trading Commission (CFTC) to allow US institutional investors to trade perpetual futures on Bitcoin and Ethereum. KC Lam, the head of encrypted derivatives at the Singapore Exchange (SGX), stated that this authorization connects traditional financial trading institutions in the United States with liquidity pools in Asia. The Singapore Exchange (SGX) will launch perpetual futures for Bitcoin (BTP) and Ethereum (ETP) in November 2025, with a cumulative trading volume of $5.8 billion as of August. The Singapore Exchange (SGX) is expected to begin providing services to US clients in the next 1-2 months and does not accept stablecoins as collateral.

Bitwise analyst Ryan Rasmussen stated that the price of Bitcoin will exceed $1 million by 2030.