AiCoin Daily (October 31st)

[Strategists Predict the Federal Reserve May Inject Additional Liquidity Before December Meeting] Wall Street strategists warn that recent market funding pressures have intensified, with active trading in SOFR futures and the spread between the federal funds rate, while repo market rates remain elevated. Mark Cabana, Head of U.S. Rates Strategy at Bank of America, stated that the decline in reserves and increased issuance of Treasury bills will continue through November, potentially forcing the Federal Reserve to inject additional liquidity before the December meeting. Cabana noted in his report that the Fed may view current funding pressures as temporary, but as quantitative tightening persists, funding pressures could continue and worsen.

[Michael Saylor Says Strategy Is Not Considering Acquiring Bitcoin Treasury Companies for Now] Strategy Chairman Michael Saylor stated during the third-quarter earnings call that the company has little interest in acquiring other Bitcoin treasury companies, primarily due to various uncertainties. He noted that merger and acquisition activities typically take six to nine months or even a year to complete, and ideas that initially seem promising may become unsuitable after a few months. Nevertheless, he did not completely rule out the possibility of acquisitions in the future.

[Coinbase CEO: Base Network Token Still in Early Exploration Stage] Coinbase co-founder and CEO Brian Armstrong stated during the Q&A session of the third-quarter earnings call that the Base network token is still in the early exploration stage, with no details yet on governance, distribution models, or specific timelines. Coinbase's overall goal is to help 1 billion people access blockchain, grow the developer community, and build an ecosystem around Base. Development will proceed in an open manner, with ongoing communication with customers, investors, and regulators.

[Coinbase Increased Bitcoin Holdings by 2,772 BTC in Q3, CEO Bullish on BTC] Coinbase CEO Brian Armstrong stated on the X platform that the company is bullish on Bitcoin. In Q3, Coinbase's Bitcoin holdings increased by 2,772 BTC and plans to continue increasing its Bitcoin holdings.

[ZachXBT Accuses SBF of Failing to Learn Lessons and Continuing to Mislead the Public] On-chain investigator ZachXBT commented on SBF's statements regarding the FTX bankruptcy, pointing out that creditors were compensated based on the asset prices at the time of FTX's bankruptcy in November 2022, rather than current prices. This resulted in significant losses for users holding assets like SOL or BTC. He emphasized that the recovery in value of illiquid investment assets was merely coincidental and criticized SBF for failing to learn from his prison experience, continuing to spread misleading information.